REVENUE MEMORANDUM CIRCULAR NO. 14-2009 issued on March 11, 2009 circularizes the effectivity and applicability of the Philippine Tax Treaty with the United Arab Emirates and the Protocol Amending the Philippines-Japan Tax Treaty.
     The Agreement Between the Government of the Republic of the Philippines and the Government of the United Arab Emirates for the Avoidance of Double Taxation and the Prevention of F iscal Evasion with Respect to Taxes on Income and on Capital has entered into force on October 2, 2008. The provisions on taxes on income (and capital) of the Agreement shall apply to income (and capital) derived or which accrued (and acquired) beginning January 1, 2009.
     Similarly, the Protocol Amending the Convention Between the Republic of the Philippines and Japan for the Avoidance of Double Taxation and the Prevention of F iscal Evasion with Respect to Taxes on Income has entered into force on December 5, 2008. The provisions on taxes on income of the Protocol shall apply to income derived or which acc rued beginning January 1, 2009.