Section 2
SEC. 2. Section 21 (d) of this Code, as amended, is hereby further amended to read as follows: "(d) On interest from bank deposits and yield or any other monetary benefit from- deposit substitutes and from trust fund and similar arrangements.— Interest from Philippine Currency Bank deposits and yield or any other monetary benefit from deposit substitutes and from trust fund and similar arrangements whether received by citizens of the Philippines or by resident alien individuals, shall be subject to a 15% final tax to be collected and paid as provided in Sections 53 and 54 of this Code."