BDO clarifies saving tax<br /><br />Amid the confusion on the 20 percent tax on Capital Markets Efficiency Promotion Act (CMEPA) bank savings, Albert Tuala, BDO Network Bank’s regional head for Bicol asks the media to help them explain to the public that the 20 percent tax is imposed on the interest gained from the savings. He said that the aim of the new law is to tax big depositors earning big interests.<br /><br />VIDEO BY Rhaydz Barcia<br /><br />Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe<br />Visit our website at [https://www.manilatimes.net](https://www.manilatimes.net/)<br /><br />Follow us:<br />Facebook - https://tmt.ph/facebook<br />Instagram - https://tmt.ph/instagram<br />Twitter - https://tmt.ph/twitter<br />DailyMotion - https://tmt.ph/dailymotion<br /><br />Subscribe to our Digital Edition - https://tmt.ph/digital<br /><br />Check out our Podcasts:<br />Spotify - https://tmt.ph/spotify<br />Apple Podcasts - https://tmt.ph/applepodcasts<br />Amazon Music - https://tmt.ph/amazonmusic<br />Deezer: https://tmt.ph/deezer<br />Stitcher: https://tmt.ph/stitcher<br />Tune In: https://tmt.ph/tunein<br /><br />#TheManilaTimes<br />#TMTNews<br />#Tax<br />#Philippines
