ADVISORY

 

Pursuant to Republic Act (RA) 10963 on the Tax Reform for Acceleration and Inclusion (TRAIN) Law, please be advised that beginning January 1, 2018, the Bank will be implementing changes on the following tax rates:

DETAIL
CURRENT TAX RATE
NEW TAX RATE
Withholding Tax
on FCDU Deposits
7.5%
15%
Documentary Stamp Tax (DST)
Depends on the nature of
transaction
Increase of 50% to 100% from the
current rate depending on the
transaction

Should you have any concerns, please do not hesitate to contact your Business Center of Account or our 24/7 Customer Care Hotline at 840 1234 (Metro Manila); 1 800 10 840 1234 (toll-free from other provinces through PLDT); or customercare@ctbcbank.com.ph.