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RA 12214 Section 12

RA 12214 Section 12

Section 12

SEC. 12. Section 42 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows: "SEC. 42. Income from Sources Within the Philippines. - (A) Gross Income from Sources Within the Philippines. - x x x (1) Interests. - Interests or yield from debt instruments, bank deposits, deposit substitutes, trust funds, and other similar arrangements, such as bonds, notes, or other interest-bearing obligation of residents, corporate or otherwise, including debt instruments or debt securities issued by the government or any of its agencies or instrumentalities; x x x."

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Other provisions in RA 12214

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026

CitationRA 12214 Section 12 (LawPlayer, data as of July 4, 2026)

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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