Final Withholding Tax Updates for Prime Peso and USD Deposits Under CMEPA (RA 12214)

Starting July 1, 2025, the rules on final withholding tax (FWT) for interest earned on both short- and long-term deposits are changing in the Philippines. This is due to the implementation of Republic Act No. 12214, or the Capital Markets Efficiency Promotion Act (CMEPA)—a new law aimed at simplifying the tax system and making the […]