Professional Documents
Culture Documents
SEC. 27. Rates of Income Tax On Domestic Corporations
SEC. 27. Rates of Income Tax On Domestic Corporations
SEC. 27. Rates of Income Tax On Domestic Corporations
Taxpayers (A) Domestic Corporations (In General) (B) Proprietary !"cational Instit"tions an! #ospitals (except t$ose co%ere! by &"bsection (D) (C ) G(CCs) A*encies or Instr"mentalities (except G&I&) &&&) P#IC) PC&( an! t$ose "n!er RA No+ ,-,3) (D)Rate o. Tax (n Certain Passi%e Income (') Interest .rom P$ilippine c"rrency ban/ !eposits an! yiel! or any ot$er monetary bene.it .rom !eposit s"bstit"tes an! .rom tr"st ."n!s an! similar arran*ements) an! royalties (0) capital *ains !eri%e! .rom t$e sale o. s$ares o. stoc/ not tra!e! in t$e stoc/ exc$an*e Not o%er P'00)000 Amo"nt in excess o. P'00)000 (3) Tax on Income Deri%e! "n!er t$e xpan!e! 1orei*n C"rrency Deposit &ystem (except net income .rom s"c$ transactions as may be speci.ie! by t$e &ecretary o. 1inance) (2) Intercorporate !i%i!en!s (-) Capital *ains reali3e! .rom t$e sale) exc$an*e or !isposition o. lan!s an!4or b"il!in*s ( ) 7inim"m Corporate Income Tax on Domestic Corporations 0% .inal 5it$$ol!in* tax 00% Tax Base Taxable Net Income Taxable Net Income Tax Rate 30% '0%
30%
-% '0% xempt
xempt 6%
&ec+ 08 Rates o. Income Tax on 1orei*n Corporations Taxpayer (A) Tax on Resi!ent 1orei*n Corporations (') In General Taxable Net Income 30% Tax Base Tax Rate
Gross Income
0%
0 ?% '0%
1inal Tax
(6) Re*ional or Area #ea!:"arters an! Re*ional (peratin* #ea!:"arters o. 7"ltinational Companies+ (a) Re*ional or area $ea!:"arters as !e.ine! in &ection 00(DD) s$all not be s"b;ect to income tax+ (b) Re*ional operatin* $ea!:"arters as !e.ine! in &ection 00( ) (<) Tax on Certain Incomes Received by a Resident Foreign Corporation.
Total pro.its applie! or earmar/e! .or remittance 5it$o"t any !e!"ction .or t$e tax component t$ereo.
'-%
00%
(a)Interest .rom Deposits an! @iel! or any ot$er 7onetary Bene.it .rom Deposit &"bstit"tes) Tr"st 1"n!s an! &imilar Arran*ements an! Royalties
'0% (b) Income Deri%e! "n!er t$e xpan!e! 1orei*n C"rrency Deposit &ystem (c) Capital Gains .rom &ale o. &$ares o. &toc/ Not Tra!e! in t$e &toc/ xc$an*e+ ANot o%er P'00)000 A(n any amo"nt in excess o. P'00)000 (!) Intercorporate Di%i!en!s (B) Tax on Nonresi!ent 1orei*n Corporation+ (') In General (0) Nonresi!ent Cinemato*rap$ic 1ilm (5ner) Bessor or Distrib"tor (3) Nonresi!ent (5ner or Bessor o. Cessels C$artere! by P$ilippine Nationals (2) Nonresi!ent (5ner or Bessor o. Aircra.t) 7ac$ineries an! (t$er :"ipment+ (-) Tax on Certain Incomes Recei%e! by a Nonresi!ent 1orei*n Corporation (a) Interest on 1orei*n Boans (b) Intercorporate Di%i!en!s (c) Capital Gains .rom &ale o. &$ares o. &toc/ not Tra!e! in -% '0%
.inal 5it$$ol!in* tax .inal 5it$$ol!in* tax
.inal tax
.inal tax
-% '0%
30% 0-%
2 '40%
< '40%
00% '-%
t$e &toc/ xc$an*e+ ANot o%er P'00)000 A (n any amo"nt in excess o. P'00)000