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FT Table

The document outlines tax rates for various types of income for different taxpayer classifications. Some key points include: - Interest income from bank deposits is generally taxed at 20% for residents and 15-20% for non-residents. Long-term investments are exempt from tax. - Dividends paid by domestic corporations are taxed at 10% while those from foreign corporations have various tax treatments depending on certain criteria. - Royalties, prizes, and winnings are typically taxed at rates ranging from 5-20% for residents and 20-25% for non-residents. - Partnership and joint venture income is generally taxed at 10% for residents.

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30 views4 pages

FT Table

The document outlines tax rates for various types of income for different taxpayer classifications. Some key points include: - Interest income from bank deposits is generally taxed at 20% for residents and 15-20% for non-residents. Long-term investments are exempt from tax. - Dividends paid by domestic corporations are taxed at 10% while those from foreign corporations have various tax treatments depending on certain criteria. - Royalties, prizes, and winnings are typically taxed at rates ranging from 5-20% for residents and 20-25% for non-residents. - Partnership and joint venture income is generally taxed at 10% for residents.

Uploaded by

Chantie Borlongan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Resident Citizen

Interest Income from any bank depository (local currency) 20%


Long Term Investment EXEMPT
Pre-Termination of Long-term investment
Less than 3 years 20%
3 years but less than 4years 12%
4years but less than 5 years 5%
Interest from a depository bank FCDU 15%
Dividends (Cash or Property)
Issued by DOMESTIC Corporation 10%
Dividend WITHIN: Dividends is subject to FT f

Dividend W/O : Graduated Tax Rate


Dividend
Issued by FOREIGN Corporation

Partly Within and Partly Without:


Graduated Tax Rate

Royalties
In general 20%
Royalties in books, literary, and musical composition 10%
Prizes
≤ 10,000 Graduated Tax Rate
Above 10,000 20%
Winnings
In general 20%
PCSO and Lotto Winnings ≤ 10,000 Exempt
PCSO and Lotto Winnings exceeds 10,000 20%
Share of an individual partner in the after-tax of a partnership,
10%
organization, or joint ventures (other than GPP)
Informer's Reward
Tax on Interest Income on Tax-Free Corporate Convenants 30%
Interest Income from foreign currency granted by depository banks
under expanded systems…other than OBU
Joint Accounts on Forex Deposit 50% : Exempt | 50% : 15% Final Tax
Non-Resident Citizen Resident Alien NRA-ETB NRA-ENTB Domestic Corporation
20% 20% 20% 25% 20%
EXEMPT 25% RCIT

20% 20% 20% 25% RCIT


12% 12% 12% 25% RCIT
5% 5% 5% 25% RCIT
Exempt 15% Exempt Exempt 15%

10% 10% 20% 25% Exempt


WITHIN: Dividends is subject to FT followng the taxes under DC Dividends

≥ 50% GI from PH (WITHIN) =


exempt
Dividend W/O: EXEMPT

Partly Without: Exempt || Partly Within: Graduated PART WITHIN: if less than 50%,RCIT **If pre-
dominance test is not provided, foreign
Tax Rate 25%
dividend is subject to regular tax

20% 20% 20% 25% 20%


10% 10% 10% 25% 20%

Graduated Tax Rate 25% RCIT


20% 20% 20% 25% RCIT

20% 20% 20% 25% RCIT


Exempt Exempt Exempt 25% Exempt
20% 20% 20% 25% 20%
10% 10% 20% 25%
10% of amount collected or 1 Million whicever is lower
30% 30% 30% 30% RCIT
10%

empt | 50% : 15% Final Tax


Resident Foreign Corp. Non-Resident Foreign Corpo.
20% 25%
RCIT 25%

RCIT 25%
RCIT 25%
RCIT 25%
15% Exempt

Exempt 15% or 25%


If Dividiends is considered to be income without
outside, DOMESTIC CORPORATION can be exempted
if ALL of the conditions are met:
General Rule: Exempt General Rule: Exempt
1. Reinvested within the next taxable year
2. Used for funding
3. Holds atleast 20% of OS within 2years minimum

if source of dividend of FC is If source of dividend of FC is


within the PH, RCIT within the PH, 25% If ang issuer ang ay Non-Resident Foreign
Corporation, regardless of SITUS, considered
as DIVIDEND WITHOUT, hence subject to RCIT, but
20% 25% the 3 conditions to be exempted are also applicable
20% 25%

RCIT 25%
RCIT 25%

RCIT 25%
Exempt 25%
20% 25%

lower
RCIT RCIT
10% Exempt
income without or
can be exempted

taxable year

hin 2years minimum

dent Foreign
, considered entirely
e subject to RCIT, but
ted are also applicable

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