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ITAD Ruling No. 067-01 (royalty payments under RP-US tax treaty; most favored nation clause)

ITAD Ruling No. 067-01 (royalty payments under RP-US tax treaty; most favored nation clause)

ITAD RULING NO. 067-01 | 2001-08-15

August 15, 2001

ITAD RULING NO. 067-01

Article 13 — Philippines United States Tax Treaty
BIR Ruling No. ITAD-151-00;
DA-ITAD 067-00

Punongbayan & Araullo
20th Floor Tower I, The Enterprise Center
6766 Ayala Avenue
1200 Makati City

Attention: Atty. Vic C. Mamalateo
Tax Partner

Gentlemen:

This refers to your letter dated April 30, 2001 requesting confirmation of your opinion that royalties paid under a Franchise Agreement by Warner Bros. (F.E.), Inc. — Philippine Branch (WB (FE)-Philippines) to Warner Bros. (WB-USA) are subject to a preferential tax rate of 15 percent pursuant to Article 13(2)(b)(iii) of the Philippines-United States Tax...