The interest income from long-term peso deposits made with foreign banks is
A. Subject to 20% final tax
B. Exempt from any tax
C. Subject to regular tax
D. None of these
Answer: C. Subject to regular tax
The interest income from long-term peso deposits made with foreign banks is
A. Subject to 20% final tax
B. Exempt from any tax
C. Subject to regular tax
D. None of these
Answer: C. Subject to regular tax