Adjustment to Final Withholding Tax
and Documentary Stamp Tax


PRODUCT / SERVICE CURRENT RATE ADJUSTED RATE
Final Withholding Tax (FWT) on interest income from Foreign Currency Deposits for Residents 15% 20%
Final Withholding Tax (FWT) on interest income from Long-term Time Deposits of individuals (5 years and up) Exempt, except if pre-terminated:
  • 4 years to less than 5 years = 5%
  • 3 years to less than 4 years = 12%
  • Less than 3 years = 20%
 20%
Documentary Stamp Tax (DST) on the issuance, redemption, and other dispositions of UITF certificates
  • ₱30.00
  • ₱2.00 / ₱200.00 or fractional part thereof
Exempt
Gross Income Tax on gains from UITF redemptions None Exempt

We will provide further updates, as necessary, upon release of the Implementing Rules and Regulations of CMEPA by the Bureau of Internal Revenue (BIR).

Thank you.

For any queries, contact your branch or account or our Customer Care Unit:
8840-1234 (Metro Manila)
1-800-10-8401234 (Toll-Free from other provinces through PLDT) [email protected]