Escolar Documentos
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Tax
Passive Income / Final
Withholding Tax
Capital Gains Tax
1. DC
World
wide
GI, world
(AD,W)
Taxable Income, W
Normal Tax 30%
MCIT of 2% of GP
GIT of 15% of GP
IAET of 10% of tax base
a) Interest on deposits, deposits
substitute yields or other
monetary benefits from trust
funds or similar arrangements
20% FT
b) Interest under expanded
foreign currency 7.5% FT
c) Intercorporate dividends
exempt
a) Sale of Shares of Stock
Domestic Co. not listed
thru LSE on NCG of 100K
5% CGT in excess of 100K
10% CGT.
b) Sale Real Property located
Philippines on the FMV or
SP whichever is higher a
6% CGT.
2. RC
Within
Phils.
GI, Phils.
(AD,P)
Taxable Income, P
Normal Tax 30%
MCIT of 2% of GP
GIT of 15% of GP
IAET of 10% of tax base
Profit Remittance tax of 15%
of earmarked remittances
Same as above
a) Sale of Shares of Stock
Domestic Co. not listed
thru LSE on NCG of
P100,000 5% CGT in
excess of P100,000 10%
CGT.
3. NRC
Within
Phils.
GI, Phils
Tax Rate 30%
a) Interest on Foreign Loans
20% FT
b) Dividends from DC
15% FT
a) Sale of Shares of Stock
Domestic Co. not listed
thru LSE on NCG of
P100,000 5% CGT in
excess of P100,000 10%
CGT.
4. SC
Within
Phils.
Refer to Income Tax Book 3
Chap 1 Question 4
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