If an account in a depository bank under the foreign currency deposit system is jointly in the name of an NRC such as an OFW, or a Filipino seaman, and his spouse or dependent who is a resident of the Philippines, the interest on such deposit shall be

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter24: Recording International And Internet Sales
Section: Chapter Questions
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If an account in a depository bank under the foreign currency deposit system is jointly in the name of an NRC such as an OFW, or a Filipino seaman, and his spouse or dependent who is a resident of the Philippines, the interest on such deposit shall be
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