Manila NRIs: The India-Side Changes of 2024-26
Your India-Philippines DTAA caps interest at 10% and dividends at 15-20%. Unchanged. Four India-side rules affecting your Indian tax filing have shifted in the last 24 months.
The Philippines setup
Most Indians in the Philippines are in Manila, Cebu, and Davao — many in IT, shared services, and retail. Your India-Philippines DTAA caps interest at 10% (Article 11) and dividends at 15-20% depending on ownership.
The Philippines BIR (Bureau of Internal Revenue) issues TRCs; the process is manual and can be slow (4-8 weeks). Plan ahead if you need one for an Indian filing deadline.
Manila NRIs: the Form 10F deadline you didn't know about
**Section 148** reassessment: 3/5-year window, down from 10. September 2024.
**Faceless mandate** for 148 notices confirmed by Supreme Court (July 2025).
**Budget 2024** 12.5% flat LTCG on NRI property, no indexation. From 23 July 2024.
**Black Money Act** small-asset threshold raised to ₹20L in September 2025.
Form 10F must now be filed electronically on the Indian portal.
Practical next step
If you have any of the following, talk to us:
All of these are Section 288 Authorized Representative work — we handle it, you stay in Manila.
Related resources
Country guides mentioned
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