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    Summary of Final Taxes

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    Irizh Villegas
    This document summarizes tax rates for different types of income in the Philippines. It lists the tax rates for interest income, royalties, dividends, partnership income, joint venture income, prizes, and lottery winnings. The tax rates vary depending on the type of income and residency status, ranging from exempt to 25%.

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    Summary of Final Taxes

    Uploaded by

    Irizh Villegas
    17 views1 page
    This document summarizes tax rates for different types of income in the Philippines. It lists the tax rates for interest income, royalties, dividends, partnership income, joint venture income, prizes, and lottery winnings. The tax rates vary depending on the type of income and residency status, ranging from exempt to 25%.

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    Summary-of-Final-Taxes

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    This document summarizes tax rates for different types of income in the Philippines. It lists the tax rates for interest income, royalties, dividends, partnership income, joint venture income, prizes, and lottery winnings. The tax rates vary depending on the type of income and residency status, ranging from exempt to 25%.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    17 views1 page

    Summary of Final Taxes

    Uploaded by

    Irizh Villegas
    This document summarizes tax rates for different types of income in the Philippines. It lists the tax rates for interest income, royalties, dividends, partnership income, joint venture income, prizes, and lottery winnings. The tax rates vary depending on the type of income and residency status, ranging from exempt to 25%.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    FINAL TAXES - SUMMARY

    1 RC / RA NRC NRAETB NRANETB


    Interest income on bank deposits, deposit substitutes, trust funds, and 20% 20% 20% 25%
    similar arrangements
    Interest from a depositary bank under the expanded FCDS 15% Exempt Exempt Exempt
    Interest income from long-term bank deposit Exempt Exempt Exempt Exempt
    Royalties, in general 20% 20% 20% 25%
    Royalties from literary works, books, musical compositions 10% 10% 10% 25%

    Dividends from DC, JSC, Insurance/Mutual Fund, ROHQ 10% 10% 20% 25%
    Share in the distributable net income after tax of a non-GGP Partnership 10% 10% 20% 25%

    Share in the net income after tax of a Association, Joint Account, or 10% 10% 20% 25%
    Taxable Joint Venture or Consortium
    Prizes exceeding P10,000 20% 20% 20% 25%
    Winnings, in general 20% 20% 20% 25%
    PCSO Winnings more than P10,000 20% 20% 20% 25%
    PCSO Winnings not more than P10,000 Exempt Exempt Exempt 25%

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