Interest income of a domestic commercial bank derived from a peso loan to a domestic corporation in 2010 is: (2012 Bar Question)

The question

Interest income of a domestic commercial bank derived from a peso loan to a domestic corporation in 2010 is: (2012 Bar Question)

1. A.Subject to the 30% income tax based on its net taxable income;
2. B.Subject to the 20% final withholding tax;
3. C.Subject to the 7.5% final withholding tax;
4. D.Subject to 10% final withholding tax.

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