Scribd
Upload
19 views2 pages

Income Within Philippine Sources Individual Taxpayers RC NRC RA Nraetb Nranetb

1. This document outlines the tax rates for various types of income for individual taxpayers in the Philippines. 2. It provides tax rates for dividends, interest income from bank deposits and investments, royalties, prizes and winnings, depending on whether the income source is from the Philippines or a foreign country and the taxpayer's residency classification. 3. Additional notes provide that interest income from long-term bank deposits and investments may be taxed at different rates depending on the length of time the funds were deposited, and that Philippine charity sweepstakes and lotto winnings are exempt from taxes.

Uploaded by

Xandae Mempin
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
19 views2 pages

Income Within Philippine Sources Individual Taxpayers RC NRC RA Nraetb Nranetb

1. This document outlines the tax rates for various types of income for individual taxpayers in the Philippines. 2. It provides tax rates for dividends, interest income from bank deposits and investments, royalties, prizes and winnings, depending on whether the income source is from the Philippines or a foreign country and the taxpayer's residency classification. 3. Additional notes provide that interest income from long-term bank deposits and investments may be taxed at different rates depending on the length of time the funds were deposited, and that Philippine charity sweepstakes and lotto winnings are exempt from taxes.

Uploaded by

Xandae Mempin
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
You are on page 1/ 2

A B C D E F G H I

1 INDIVIDUAL TAXPAYERS
INCOME WITHIN PHILIPPINE SOURCES
2 RC NRC RA NRAETB NRANETB
3 Dividends from Domestic Corporations 10% 10% 10% 20% 25%

4 Interest Income from Peso Bank Deposits/ Investments 20% 20% 20% 20% 25%

5 Interest Income on Foreign Currency Deposits [A] 7.50% Exempted 7.50% Exempted Exempted

6 Interest Income on Long Term Deposits/Investments in Banks [B] Exempted Exempted Exempted Exempted 25%

7 Royalties on Books, Literary Works, Musical Compositions 10% 10% 10% 10% 25%

8 Royalties 20% 20% 20% 20% 25%

9 Prizes kess than 10,000 Graduated Tax Rates Graduated Tax Rates Graduated Tax Rates Graduated Tax Rates 25%

10 Prices & Winnings greater than 10,000*** 20% 20% 20% 20% 25%

11 [A] Interest Income Received from a Depository Bank under the Expanded Foreign Currency Deposit System
12
13
14 [B] If pre-determined before the 5th year the Interest Income is taxable as follows:
15 Holding Period Final Tax Rate
16 4 Years to less than 5 Years 5%
17 3 Years to less than 4 Years 12%
18 Less than 3 years 20%
A B C D E F G H I
19
20 *** Philippine Charity Sweepstakes and Lotto winnings are exempt

You might also like