Practice question
Discuss the significance of RA 12214 for analyzing bank-deposit interest in a 2026 problem.
Legal references
- NIRC Sections 22(MM) and 24(B), as amended by RA 12214, Sections 3-4: https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html
- RA 12214, Section 28, transitory provision: https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html
Answer this question in flashcards to review your response and continue practicing.