20% Tax to Be Deducted From Bank Interest Earnings Starting July 1, 2025
Starting July 1, 2025, PH Gov’t to Collect 20% Tax From Bank Interest Earnings The Philippine government will start collecting a 20 percent tax on bank interest earnings beginning July 1, 2025. A new rule on bank interest earnings is now in place as the government begins collecting a 20% final withholding tax from long-term … Read more