RMC No. 34-2018 — Notifies the entry into force, effectivity and applicability of the Philippines-Sri Lanka Double Taxation Agreement

REPUBLIC OF THE PHILIPPINES

DEPARTMENT QF FINANCE BUREAU OF INTERNAL REVENUE

Date: May 17, 2018

REVENUE MEMORANDUM CIRCULAR NO. 34- &D/8

SUBJECT Entry into Force, Effectivity and Applicability of the Philippines. Sri Lanka Double Taxation Agreement

TO All Internal Revenue Officers, Employees and Others Concerned

The Convention between the Government of the Republic of the Philippines and the Government of the Democratic Socialist Republic of Sri Lanka for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income has entered into force on '14 March 2018.

Paragraph 2, Article 29 (Entry into Force) of the Convention provides that it shal! have effect in respect of tax withheld at source on amounts paid to non-residents on or after the first day of January in the calendar year next following that in which the Convention enters into force, and in respect of other taxes on .income, for taxable year beginning on or after the first day of January in the calendar year next foliowing that in which the Convention enters into force. Accordingly, the Convention shall have effect on income that arises in the Philippines beginning January 1, 2019.

Tax Treaty Relief Applications invoking the Philippines-Sri Lanka Double Taxation Agreement should be filed with, and addressed to, the International Tax Affairs Division (ITAD) at Room No. 811, Bureau of Internal Revenue, National Office Building. Diliman, Quezon City. Philippines. For this purpose, the concerned Sri Lankan resident and income earner, or his duly authorized representative, should file a duly accomplished Application for Relief from Double Taxation (BIR Form No. 0901) or Certificate of Residence for Tax Treaty Relief (CORTT Form), whichever is applicable, together with the required documents, pursuant to Revenue Memorandum Order Nos. 72-2010 and 08-2017, respectively.

This Circular should be given the widest publicity possible

BUREAU OF INTERNAL REVENUE NTTYY MAY 17.2018 D :15 P.M 10801 CAeSAR R. DuLAY

RECORDS MGT. DIVISION W imo Commissioner of internal Revenue 016489