Você está na página 1de 2

Janz Hanna Ria N.

Serrano From de leon & de leon


Nature of Income Prizes Royalties a. Books, literary works and musical compositions b. others Other winnings Interest on peso savings deposit Interest on peso time deposit Yield or other monetary benefit from deposit substitutes (interest on money market transactions Yield or other monetary benefit from trust funds or similar arrangements Interest income from depository bank under the Foreign Currency Deposit System Interest income from long term deposit or investment with holding period: a. > 5yrs b. 4 to <5 yrs c. 3 to <4years d. <3yrs Cash property dividend Share in the net profits of a partnership subject to corporate income tax Sales of stock listed and traded in the stock exchange NCG on sale of shares of stock not traded in the stock exchange Capital Gains Tax on sale of real estate Aliens employed by OBUs/ petroleum service contractors & subcontractors/regional or area headquarters and regional operating HQ of MNCs Citizen/Resident Alien 20% 10% 20% 20% 20% 20% 20% Nonresident Alien ETB 20% 10% 20% 20% 20% 20% 20% Nonresident alien NETB 25% 25% 25% 25% 25% 25% 25% Subject to withholding? Yes Yes Yes Yes Yes Yes Yes Remarks Prizes of 10K or less = ordinary income

20%

20%

25%

Yes

7.5%

Exempt

Exempt

Yes

Yes Exempt 5% 12% 20% 10% 10% of 1% of the GSP of the shares 5% on the first 100,000 10% on any excess of 100,000 6% Exempt 5% 12% 20% 20% 20% of 1% of the GSP of the shares 5% on the first 100,000 10% on any excess of 100,000 6% Exempt 25% 25% 25% 25% 25% of 1% of the GSP of the shares 5% on the first 100,000 10% on any excess of 100,000 6% Yes Tax based on GSP or FMV of property sold whichever is higher

Yes Yes

Tax shall apply only on income earned on or after 01/01/1998

15% (for citizens: only where concurrently an alien holds a similar position; where alien is expatriated, preferential rate not applicable)

15%

15%

Janz Hanna Ria N. Serrano From de leon & de leon


OBUs , Depository Banks (whether domestic or resident foreign) income from foreign currency transactions With whom? Nonresidents, other OBUs, or local comm. Banks, incl. branches of foreign banks = = EXEMPT Except: net income from such transactions as may be specified by SecFin Interest income of OBUs from foreign currency loans = = 10% Income of nonresidents from transactions with OBUs = = EXEMPT Domestic Corporation All sources within and outside Phils Net Income 30% 20% 7.5% 20% 5% on the first 100,000 10% on any excess of 100,000 Generally exempt 6% -Private Educational Institution All sources Net Income 10% 20% 7.5% 20% 5% on the first 100,000 10% on any excess of 100,000 N/A 6% -30% 20% 7.5% 20% 5% on the first 100,000 10% on any excess of 100,000 Generally exempt -Generally exempt 10% 15% 2.5% Resident Foreign Corporation Within the Phils. only Nonresident Foreign Corporation Within the Phils. only Gross Income 30% 30% Exempt 30%

Sources of Income Income Tax Tax Bases Tax Rate Interest Peso bank deposits FCDUs Royalties Capital Gains from sales of shares of stock not traded in stock exchange Income of a depository bank under FCDU from foreign currency transactions with nonresidents, etc Capital Gains from Sales of Real Property Income of OBUs from foreign currency transactions with nonresidents, etc Regional Operating HQ Branch Profit Remittances Intl Carrier on Gross Phil. Billings Income of nonresident Cinematographic film owner/lessor/ distributor Owner/lessor of vessels chartered by Phil. Natl. Owner/lessor of aircraft/machineries/other equipment Intercorporate dividends Interest on foreign loans

N/A ---

25% 4.5% 7.5% 30% / 15% if tax pairing provision applies 30%/20%

Você também pode gostar