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Summary of FWT Threshold

This document outlines tax rates for various types of income received by different taxpayers in the Philippines. It shows tax rates ranging from exempt to 30% for interest, dividends, royalties, winnings, and other income depending on the source, term, and recipient. Certain income like interest from long-term bank deposits and PCSO winnings up to 10,000 pesos are tax exempt for some taxpayers.

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Angel Chane Ostraz
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73 views4 pages

Summary of FWT Threshold

This document outlines tax rates for various types of income received by different taxpayers in the Philippines. It shows tax rates ranging from exempt to 30% for interest, dividends, royalties, winnings, and other income depending on the source, term, and recipient. Certain income like interest from long-term bank deposits and PCSO winnings up to 10,000 pesos are tax exempt for some taxpayers.

Uploaded by

Angel Chane Ostraz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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RECIPIENTS

RC NRC RA NRA-ETBNRA-NETB
Interest income
LOCAL CURRENCY DEPOSITS
From Banks:
Short term deposits/certificates/trust 20% 20% 20% 20% 25%
Long term deposits/certificates/trust Exempt Exempt Exempt Exempt 25%
From Non-banks:
Short term deposits/certificates/trust RIT RIT RIT RIT 25%
Long term deposits/certificates/trust RIT RIT RIT RIT 25%

DEPOSIT SUBSTITUTES (debts instrum


Issued by Banks:
Short term 20% 20% 20% 20% 25%
Long term Exempt Exempt Exempt Exempt 25%
Issued by Non-banks:
Short term 20% 20% 20% 20% 25%
Long term 20% 20% 20% 20% 25%

FOREIGN CURRENCY DEPOSITS


Interest income from FCDUs/OBU deposita 15% Exempt 15% Exempt Exempt
Interest income of FCDUs/EFCDU 10% Exempt 10% Exempt Exempt
Interest income on foreign loans N/A N/A N/A N/A N/A

TAX-FREE COVENANTS BONDS 30% 30% 30% 30% 30%

Dividend income
Source: Domestic Corporation 10% 10% 10% 20% 25%
Source: Foreign Corporation RIT RIT RIT RIT RIT
Source: Real Estate Investment Trust 10% Exempt 10% *10% *10%

Share in NI
(taxable partnership, joint venture, co-own 10% 10% 10% 20% 25%

Royalties
PASSIVE ROYALTIES
Books, literary works and musical composit 10% 10% 10% 10% 25%
Books (sold on e-copies or CDs such as e-b 20% 20% 20% 20% 25%
Cinematographic films 20% 20% 20% 25% 25%
In General 20% 20% 20% 20% 25%
ACTIVE ROYALTIES RIT RIT RIT RIT 25%

Prizes
Exceeding 10,000 20% 20% 20% 20% 25%
Not exceeding 10,000 RIT RIT RIT RIT 25%
Winnings
PCSO winnings not exceeding 10,000 Exempt Exempt Exempt Exempt 25%
PCSO winnings exceeding 10,000 20% 20% 20% 20% 25%
Other winnings, in general 20% 20% 20% 20% 25%

Tax informer's reward 10% 10% 10% 10% 25%


Italicized = not mentione
*subject to prefer
PIENTS
DC RFC NRFC

20% 20% 25%


RIT RIT 25%

RIT RIT 25%


RIT RIT 25%

20% 20% 25%


RIT RIT 25%

20% 20% 25%


RIT RIT 25%

15% 15% Exempt


10% 10% Exempt
N/A N/A 20%

N/A N/A N/A

Exempt Exempt 25%


RIT RIT RIT
Exempt Exempt *10%

10% 10% 25%

20% 20% 25%


20% 20% 25%
20% 20% 25%
20% 20% 25%
RIT RIT 25%

RIT RIT 25%


RIT RIT 25%
RIT RIT 25%
RIT RIT 25%
RIT RIT 25%

10% 10% 25%


Italicized = not mentioned in the Code
*subject to preferential tax rate

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