This document outlines tax rates for various items of income for different taxpayer classifications in the Philippines. It provides tax rates ranging from 5-32% income tax (IT) to 35% corporate income tax (CIT) for items like compensation, annuities, rents, trade/business income, dividends, royalties, interests, prizes/winnings, capital gains, pensions, and partnership income. The classifications listed are Resident Citizen (RC), Non-Resident Citizen (NRC), Resident Alien (RA), Non-Resident Alien Engaged in Trade/Business (NRAETB), Non-Resident Alien Not Engaged in Trade/Business (NRANETB), Domestic Corporation (DC
This document outlines tax rates for various items of income for different taxpayer classifications in the Philippines. It provides tax rates ranging from 5-32% income tax (IT) to 35% corporate income tax (CIT) for items like compensation, annuities, rents, trade/business income, dividends, royalties, interests, prizes/winnings, capital gains, pensions, and partnership income. The classifications listed are Resident Citizen (RC), Non-Resident Citizen (NRC), Resident Alien (RA), Non-Resident Alien Engaged in Trade/Business (NRAETB), Non-Resident Alien Not Engaged in Trade/Business (NRANETB), Domestic Corporation (DC
This document outlines tax rates for various items of income for different taxpayer classifications in the Philippines. It provides tax rates ranging from 5-32% income tax (IT) to 35% corporate income tax (CIT) for items like compensation, annuities, rents, trade/business income, dividends, royalties, interests, prizes/winnings, capital gains, pensions, and partnership income. The classifications listed are Resident Citizen (RC), Non-Resident Citizen (NRC), Resident Alien (RA), Non-Resident Alien Engaged in Trade/Business (NRAETB), Non-Resident Alien Not Engaged in Trade/Business (NRANETB), Domestic Corporation (DC
This document outlines tax rates for various items of income for different taxpayer classifications in the Philippines. It provides tax rates ranging from 5-32% income tax (IT) to 35% corporate income tax (CIT) for items like compensation, annuities, rents, trade/business income, dividends, royalties, interests, prizes/winnings, capital gains, pensions, and partnership income. The classifications listed are Resident Citizen (RC), Non-Resident Citizen (NRC), Resident Alien (RA), Non-Resident Alien Engaged in Trade/Business (NRAETB), Non-Resident Alien Not Engaged in Trade/Business (NRANETB), Domestic Corporation (DC
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1of 1
ITEMS OF INCLUSIONS RC NRC RA NRAETB NRANETB DC FCBD FCNDB
COMPENSATION Both *5-32% IT *5-32% IT *5-32% IT *10% FT N/A N/A N/A
sources 5-32% IT ANNUITIES *5-32% IT *5-32% IT *5-32% IT *5-32% IT *10% FT N/A N/A N/A RENTS 5-32% IT *5-32% IT *5-32% IT *5-32% IT N/A 35% CIT + N/A N/A 12% VAT TRADE/BUSINESS Both *5-32% IT *5-32% IT *5-32% IT *25% FT 35% CIT 35% CIT 10% FT Sources 5-32% IT DIVIDENDS a. From DC 10% FT 10% FT 10% FT 20% FT 25% FT E E 15% FT but (RoI) (RoI) subject to a tax credit if there is a treaty b. From FC w/in 5-32% IT 5-32% IT 5-32% IT 5-32% IT 25% FT 35% FT 35% FT 10% FT PH c. From FC w/o PH E E E E E 35% FT E E ROYALTIES a. w/in PH (BLM) 10% FT 10% FT 10% FT 10% FT 25% FT 10% FT 10% FT 30% FT b. w/o PH Treaty T T T T T T T c. Others 20% FT 20% FT 20% FT 20% FT 25% FT 20% FT 20% FT 30% FT INTERESTS a. CB/DB (w/in) 20% FT 20% FT 20% FT 20% FT 25% FT 20% FT 20% FT 20% FT b. CB/DB (w/in) *It is subject to a tax treaty c. EFCDS (w/in) 7.5% FT E 7.5% FT E E PRIZES/WINNINGS a. Below 10,000 5-32% IT 5-32% IT 5-32% IT 5-32% IT 25% FT b. Above 10,000 20% FT 20% FT 20% FT 20% FT 25% FT Gains a. Capital Real CGT: 6% of the Zonal Value or Fair Market Value whichever is higher b. C Personal CGT: 6% based on the Fair Market Value Exception: NTS 5-10% CGT (Deed Price-Acquisition Cost x 5-10%) c. Ordinary Real 5-32% IT 5-32% IT 5-32% IT 5-32% IT 5-32% IT d. O Personal 5-32% IT 5-32% IT 5-32% IT 5-32% IT 5-32% IT Exception: TS PH Stock Exchange = Transfer Tax: ½ of 1% of the Gross Selling Price If traded outside PH = RC and NRC would be taxed with 5-32% IT Plus Documentary Stamp Tax of: (Real & Personal Property) 15.00 per 1000.00 (NTS) 1.00 for every 200 shares (original issuance); If the shares are already transferred, DST would be 75 cents for every 200 shares (TS) exempted Pensions 5-32% IT 5-32% IT 5-32% IT 5-32% IT 10% FT Partnership a. Ordinary 10% FT 10% FT 10% FT 10% FT 10% FT b. Professional 5-32% IT 5-32% IT 5-32% IT 5-32% IT 5-32% IT