$ina nall Interest from any currency bank $i depo eposi sitt & yiel eld d or any any ot oth her 0' mone mo neta tary ry be bene nefi fitt fr from om de depo posi sitt substitutes & from trust funds & similar arrangements (exc xcep eptt on book bookss & Royalties (e other other lit litera erary ry wo works rks & musica musicall compositions) $rizes > P10,000 Ot%er &innins except P!" & #otto Royalties on books & other literary works & musical compositions Interest Income recei receied ed by an indiidu indi idual al (exce (except pt a nonr nonresid esident ent indiidual) from a depositary bank #nde #nderr t%e t%e ex expa pand nded ed fore forei in n c#rrency deposit system from long long term term Interest income from deposit or inestment in the form of saings, common or indiidual trus trustt fu fund nd,, de depo posi sitt subs substi titu tute tes, s, inestment management accounts & other inestments eidenced by certification in such form prescribed by the !P Pre2termination of such certificate before the th year (i+e+ 3 years to less than years) l4esyseathrsanto4leysesarth s an 3 years This website stores data such as Cas% and!or $roperty 'iidends cookies to enable essential site from a domestic corp+ or from a functionality, as well as marketing, 5oint stock co+, insurance or personalization, and analytics. You mutual fund companies & regional may change your settings at any time opedefault rating settings. head6uarters of or accept the multi mu ltinat nation ional al compan companies ies(ta (tax x on dii diide dend ndss shal shalll ap appl ply y on only ly on income earned on.after 1.1.78) Privacy Policy %ar %aree of an in indi dii id# d#al al in the the Marketing distributable net income after tax of a partnership (except 9PP) Personalization %are of an indiid#al in the net Analytics income after tax of an assn+, a 5oint acco accoun untt or a 5o 5oin intt ent entur uree or Save Accept All
Rate For Non-Resident Citiz Citizen en (Incl. (Incl. OCW) of $in $inal al %ax of 0'
Tax Rate For Resident Citizen
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consor con sortiu tium m taxab taxable le as a corp+ corp+ of w.c he is a member.co2enturer Capital ains from sale, barter, Capital barter, exchange exch ange or other other disposit disposition ion of shares of stock (of domestic corp+) not traded in the stock exchange
$inal tax on net ca capi pita tall ain ainss reali=ed reali =ed during during taxable year
$i $ina nall net ains during duri ng
-ot oer P100,000 "n any any amo amount unt in exce excesss of P100,000 Capital ains from sale, exchange or other disposition of real property located in Philippines, clas lassif ifiied as capit apitaal asse assets ts,, including pacto de retro sales & other forms of conditional sales
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$inal %ax on the r ro oss sell sellin in or price c#rrent fair mar+ ma r+et et al# al#ee whicheer is higher 2 ;'
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shall be of sub5ect to 9 tax ' ' on gros grosss ncome -onresident /lien /lien NOT This website stores data such as income en enga gage ged d in %rade rade or usi usine ness ss cookies to enable essential site exce except pt 9 on shar shares es and and re real al functionality, as well as marketing, property personalization, and analytics. You ,,a nonreat nonresiden sident alien is an indiidual who shall come to the Philippines & stay therein for an may change your settings anyt time or accept the defaultaggregate settings. period of 180 days during any calendar year Type of Income Privacy Policy Interest on currency bank deposits & yield or any Marketing other monetary benefit form deposit substitutes & from trust funds & similar arrangement Personalization Royalties (similar within the Philippines) Analytics Interest Inter est income from a depositary bank under the expanded foreign currency deposit system ($!) Save Accept All
'omestic Corp $inal tax 0'
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TA TAXATION XATION LAW EXHIBITS EXHI BITS
C* from sale, barter, exchange or other disposition of shares of stock (of domestic corp+) not traded in the stock exchange -ot oer P100,000
"n any amount in excess of P100,000 Income de deri rie ed d by depo deposi sita tary ry bank bank unde underr th thee $! from foreign currency $! currency trans transactio actions ns with local local commer commercia ciall banks banks includ including ing branch branches es of foreign banks that may be authori=ed by the !P to tr tran ansa sact ct bu busi sine ness ss wi with th $! $! unit unitss & ot othe her r depos dep osita itary ry banks banks under under th thee $!, $!, inc includ luding ing form rm fo fore reig ign n cu curr rren ency cy lo loan anss int nter ereest inco incom me fo gran grante ted d by such such de depo posi sito tory ry ba bank nkss un unde derr said said $! Inter-corporate diidends (from another domestic corp+) C* fro from m sale, sale, exchan exchange ge or oth other er dispos dispositi ition on of lands and.or buildings which are not used in the business of a corp+ & are treated treated as capital assets
Interest on forein loans contracted on or "efore !!/ In Inter terco corp rpor orat atee di dii ide dend ndss (cash (cash.prop .prop diidends diidends from fro m a domest domestic ic corpo corporat ration ion)) provided provided,, that the coun countr try y in whi which th thee nonr nonres esid iden entt fo fore reig ign n corporation is domiciled shall allow a credit against the tax due from the nonresident foreign corporation taxes deemed to hae been paid in the Philippines e6uiale e6ui alent nt to: 0' for 177*< 177*< 17' for 1778< 1778< 18' for 1777< 1*' for 000< representing the difference between the 1' tax & the
$inal tax on net capital ains reali=ed during the taxable yr: ' 10' $inal 10'
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of $inal 10'
xempt form tax $inal tax on r ros osss sell sellin in $?@,, pr pric icee or $?@ whi hich che eeer is higher 2 ;'
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4'.43'.44'.4' 4'.43'.44 '.4' income tax, respectiely This website stores data such as cookies to enable essential site Tyas pewell of Ias ncomarketing, me Tax Rate functionality, International Internationa l Air Carrier C' on 9ross Phil personalization, and analytics. You 9ross illings amount of gross reenue deried from carriage of persons, illings may change your Phil+ settings at anyAtime excess baggage, cargo & mail originating form the Philippines in a continuous & or accept the default settings. uninterrupted flight, irrespectie of the place of sale.issue & the place of payment of the ticket or passage document< ncludes tickets realidated, exchanges &.or Privacy Policy indorsed to another intBl airline if the passenger boards a plane in a port.point in the the Phil Philip ippi pine nes+ s+ $o $orr a fl flig ight ht whic which h or orig igin inat ates es fr from om the the Ph Phil ilip ippi pine ness bu butt Marketing transshipment of passenger takes place at any port outside the Philippines on another airline, only the ali6uot portion of the cost of the ticket corresponding to Personalization the leg flown from the Philippines to the point of transshipment shall form part of Analytics the 9P Save
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TA TAXATION XATION LAW EXHIBITS EXHI BITS
International Shipping International 9ross 9ro ss Phil Phil illin illings gs A gross gross re reenu enuee wheth whether er for passen passenger ger,, car cargo go or mai maill originating from the Philippines+ up to final destination, regardless of the place of sale. payments of passage of freight documents Offshore Banking Units
$inal %ax %ax of 10' on gross gro ss incom incomee from from tran transa sact ctio ion ns with with
residents 1' on branch Branch Branch Pr Prof ofit itss remi remitt tted ed (con (conne nect cted ed with with th thee co cond nduc uctt of it itss trad trade. e.bu busi sine ness ss in the the profits remittance Philippines+) A based on the total profits applied.earmarked for remittance without any deduction for the tax component thereof (except those registered with the PD/) Regional/Area Regional/A rea Headquarters of ultinational ultinational Cos! A do not earn.derie income xempt from tax from the Philippines+ & w.c act as superisory, communication & coordinating center for their affiliates, subsidiaries or branches in the /sia2Pacific Eegion & other foreign markets Regional Operating Headquarters of ultinational ultinational Co"panies A engaged in any of the following serices: a+ 9en 9enera erall / /dm dmini inistr strati ation on & pl plann anning ing b+ usiness planning & coordination c+ !ourc !ourcing ing & procurem procurement ent of of raw materials materials & compone components nts d+ orpo orporat ratee financ financee adiso adisory ry seri serices ces e+ ?ar ?arket keting ing contro controll & sale saless prom promoti otion on f+ %r %rai aini ning ng & per perso sonn nnel el mgt+ mgt+ g+ #o #ogi gist stic ic ser seric ices es h+ Eese Eesear arch ch & d de eel elop opme ment nt i+ !e !er ric ices es & pro produ duct ct de deel elop opme ment nt 5+ %e %echnical chnical support & maintenance maintenance k+ ata ata proce processi ssing ng & commun communica icatio tion n l+ usi usine ness ss deel eelop opme ment nt
Type ofident Incocine"atogra me #onresident #onres phic fil" o$ner, o$ner, lessor lessor or distri%ut distri%utor or This website stores datacine"atographic such as #onresident ident o$ner chartered %& the 'hil! #ationals #ationals cookies to #onres enable essential siteor lessor of vessels chartered functionality, as well as marketing, #onresident #onres ident o$ner You or lessor of aircraft, aircraft, "achineries ( other other equip"ent personalization, and analytics. may change your settings at any time or accept the default settings. Type of Income Privacy Policy Marketing Personalization Analytics 9ro rosss ncom ncomee A !a !ala lari ries es,, Fages, /nnuities, Save Accept All
taxa"le
T ax R e ' ofatross income 3+' of ross rentals0 lease or c%arter fees *+' of ro ross ss rental rentalss or fees
Tax Rate For Alien Indiid#al 1mployed 2y ffs%or oree 2an+ 2an+in in Rei Re ion onal al Or Area rea Offs% 3ead4#arters 5 7nits Reional Reio nal Operatin Operatin 3ead4 ead4#a #art rter erss of 6#ltinational Cos.
ompensation, Eemuneration, "ther moluments (i+e+ hono onorari rariaa & all llow owan ance cess) receied fr fro om such cos+ 'rovided, 'rovi ded, same tax treatment treatment shall apply to $ilipinos abroad employe empl oyed d & occupyin occupying g same positions in these these companies GG ?ulti ?ultina nati tion onal al compa company ny A a fo fore reig ign n fi firm rm.e .ent ntit ity y enga engage ged d in inter interna nati tion onal al affiliates.subsidiaries.branch affiliates.subs idiaries.branch offices in the /sia Pacific Eegion & other foreign markets
trad tradee with with
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