RMO No. 63-99 — Prescribes the adoption of arm's length bargaining standard in the determination of taxable income on inter-company loans or advances Digest

REVENUE MEMORANDUM ORDER NO. 63-99 issued August 13, 1999 prescribes the policies and guidelines on the determination of taxable income on inter-company loans or advances pursuant to Section 50 of the Tax Code, as amended. The arm's length bargaining standard will be used as the ultimate test for determining the correct gross income and deductions between two or more enterprises under common control.