Withholding Tax of Time Deposit
ADVISORIES
6/23/2025
Republic Act 12214 was signed into law on the 29th of May 2025 which, among other provisions, repeals the exemption of long-term time deposit from withholding tax.
This affects LDB time deposit accounts as follows:
Read more about the CMEPA law here.
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Luzon Development Bank is a supervised bank by the Bangko Sentral ng Pilipinas with telephone number (02) 8811-1277 and email address at consumeraffairs@bsp.gov.ph.
