TAXATION

SUMMARY OF SIGNIFICANT POINTS

SUMMARY OF RATES

TAXPAYER
INDIVIDUAL
RC NRC RA NRAEB NRANEB SA
On taxable Income ST ST ST ST Gross Income 25% Compensation Income 15%
On Passive Income
1. Interest-FCDS 7.5% Exempt 7.5% Exempt None 7.5%
2. Interest on deposits 20% 20% 20% 20% None 20%
3. Royalties, except books-literary 20% 20% 20% 20% None 20%
4. Royalties-books 10% 10% 10% 10% None 10%
5. Prizes/winnings of more than 10,000 20% 20% 20% 20% None 20%
6. Dividends from domestic 10% 10% 10% 20% None 10%
On Capital gains
100,000 (5%) 100,000 (5%) 100,000 (5%) 100,000 (5%) 100,000 (5%) 100,000 (5%)
1. Sale of shares-not traded
>100,000 (10%) >100,000 (10%) >100,000 (10%) >100,000 (10%) >100,000 (10%) >100,000 (10%)
2. Sale of Real Property
6% on GSP or 6% on GSP or 6% on GSP or 6% on GSP or 6% on GSP or 6% on GSP or
held as CA-in the PH
FMV higher FMV higher FMV higher FMV higher FMV higher FMV higher
not a principal residence

TAXPAYER
CORPORATION
DC RF NRF SA
Depends on: Depends on: Private Educational Inst./NS-
10%TNI
a. NCIT-30%NI a. NCIT-30%NI NP Hospital
b. MCIT-2%GI b. MCIT-2%GI Resident International Carrier 2.5% GPHB
c. IAET-10% c. BRT-15% Non-resident Cinema 2.5% GI-PH
On taxable Income 30% GI
d. GIT-15% d. IAET-10%
Non-resident-Vessel 4.5% GI-PH
e. GIT-15%
Non-resident Aircraft 7.5% GI-PH
OBU 10% Interest-FCDS
On Passive Income
1. Interest-FCDS 7.5% 7.5% - -
2. Interest on deposits 20% 20% - -
3. Interest on Foreign Loans - - - 20%
4. Dividends from domestic Exempt Exempt 15% -
On Capital gains
100,000 (5%) 100,000 (5%) 100,000 (5%)
3. Sale of shares-not traded -
>100,000 (10%) >100,000 (10%) >100,000 (10%)
4. Sale of Real Property
6% on GSP or
held as CA-in the PH - - -
FMV higher
not a principal residence

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