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REVENUE MEMORANDUM ORDER (RMO) NO. 045-2025
| WHO | All Collection Agents, Revenue District Officers and other Internal Revenue Officers Concerned. |
| RELEVANT PROVISION | The following ATCs are modified to facilitate the proper identification and monitoring of payment for final withholding tax on interest paid on foreign currency deposit pursuant to the issuance of RA [JM1] [VP2] No. 12214, otherwise known as Capital Markets Efficiency Promotion Act: Existing per ATC Handbook BIR Form No. Legal Basis Modified/New ATC Description Tax Rate Tax Rate[JM3] [VP4] WI170 WC170 Interest on Foreign Currency Deposit Individual Corporate 15% 1602Q /2306 RA No. 12214/ RR No. 21-2025 20% |
| REPEALING CLAUSE | This RMO [JM5] [VP6] revises portions of all other issuances inconsistent herewith. |
| EFFECTIVITY | This RMO shall take effect immediately. |