An amending protocol to the income tax treaty of 13 February 1980 between the Philippines, signed on 9 December 2006, entered into force on 5 December 2008. The protocol generally applies from 1 January 2009. The most significant changes are summarized below. Consultancy or supervisory services in connection with a building, construction or installation project shall lead to a permanent establishment where the services are provided in relation to the same or connected project for more than 6 months within any 12-month period. The maximum rates of withholding tax are amended as follows: -   15% on dividends (10% where...