RMC No. 74-2023 — Prescribes Sworn Statement and Sworn Declaration to be submitted relative to the compliance requirements in availing the Income Tax exemption of foreign-sourced dividends received by domestic corporation Digest | Full Text | Annex A | Annex B

BUREAU OF INTERNAL REVENUE REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU GE INTERNAL REVENUE nantiN JUL" 0 5"2023 0 :QQ AM

Quezon City Records Mgt. division GGG

June 16, 2023

REVENUE MEMORANDUM CIRCULAR NO. 74- 2023

SUBJECT Prescribed Sworn Statement and Sworn Declaration to be Submitted

Exemption of Foreign-Sourced Dividends Received by Domestic Corporation Relative to the Compliance Requirements in Availing the Income Tax

TO .. All Revenue Officers and Others Concerned

Statement" and "Sworn Declaration" that shall be submitted by the domestic corporation as dividend is received and to the AITR for the immediately succeeding taxable year; respectively. attachment to the Annual Income Tax Return (AITR) pertaining to the taxable year when the exemption of foreign-sourced dividends pursuant to Section -27 (D)(4) of the National Internal Revenue Code, as amended. The required sworn statement/declaration is part of the requirements in availing the income tax Revenue Regulations (RR) No. 5-2023 prescribed standard templates for the "Sworn

dividend income received from a single source, Annex "A" and "B" of this Circular now provides dividends qualified for the income tax exemption pursuant to the aforesaid provision. for the standard templates in case the domestic corporation receives multiple foreign-sourced Considering that the prescribed templates pursuant to RR No. 5-2023 only include::

Circular the widest dissemination and publicity as possible. All internal revenue officers, employees and others concerned are enjoined to give this

ROME LUMAGUI, JR. Commissioner of Internal Revenue 010924 I