Which of the following is subject to 7 1/2% final tax on interest from foreign currency deposits made with Philippine banks?

Which of the following is subject to 7 1/2% final tax on interest from foreign currency deposits made with Philippine banks?




A. Resident aliens
B. Non-resident corporation
C. Non-resident alien engaged in trade or business
D. Non-resident alien not engaged in trade or business


Answer: A. Resident aliens


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