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 [email protected].