Ratifying The Tax Convention Between The Government Of The Republic Of The Philippines And The Government Of Canada For The Avoidance Of Double Taxation And The Prevention Of Fiscal Evasion

MALACAÑANG
M a n i l a

PRESIDENTIAL DECREE No. 1510

RATIFYING THE TAX CONVENTION BETWEEN THE GOVERNMENT OF THE REPUBLIC OF THE PHILIPPINES AND THE GOVERNMENT OF CANADA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME

WHEREAS, the tax convention between the Government of the Republic of the Philippines and the Government of Canada had been negotiated and concluded on March 11, 1976;

WHEREAS, the convention provides for the means of the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income;

WHEREAS, the convention encourages the flow of investments, promotion of trade an commercial relations and the flow of technology between the two countries;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President and Prime Minister of the Philippines, by virtue of the power vested in me by the Constitution, do hereby ratify the convention between the Government of the Republic of the Philippines and the Government of Canada for the avoidance of double taxation and the...

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This Presidential Decree ratifies the Tax Convention between the Republic of the Philippines and the Government of Canada for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.

Objectives of the Convention:
- Avoidance of double taxation on income
- Prevention of fiscal evasion with respect to taxes on income
- Encouragement of investment flows, promotion of trade and commercial relations, and flow of technology between the two countries