Capital Gains from sale of Real Property located in the Philippines 6%

Gross Income = X minus Cost of Goods Sold. What does X represents?  GROSS PROFIT

Royalties on books and other literary works and musical compositions 10%

Winnings (except Philippine Charity Sweepstakes and Lotto winnings amounting to P10,000
or less) 20%

Capital Gains from Sale of Shares of Stock not Traded in the Stock Exchange 15%

Which is a type of compensation income? SALARY

Interest income received by an individual taxpayer (except a non-resident individual) from a

depositary bank under the expanded foreign currency deposit system * 15%

Prizes (except prizes amounting to P10,000 or less) 20%

It means any commercial activity engaged in as a means of livelihood or profit of an individual

or group of individuals. BUSINESS

Royalties (except royalties on books and other literary works and musical compositions) 10%

Which is a type of compensation income? Gain From sale

Proceeds of pre-terminated long-term deposit or investment in the form of savings, common

or individual trust funds, deposit substitutes, investmentmanagement accounts and other
investments, the remaining maturity date is less than 3 years. 20%

Proceeds of pre-terminated long-term deposit or investment in the form of savings, common

or individual trust funds, deposit substitutes, investment management accounts and other
investments, the remaining maturity date is 3-4 years 12%

Interests from any currency bank deposit and yield or any other monetary benefit from deposit
substitutes and from trust funds and similar arrangements  20%
Proceeds of pre-terminated long-term deposit or investment in the form of savings, common
or individual trust funds, deposit substitutes, investment management accounts and other
investments, the remaining maturity date is 4-5 years. 5%

Cash and Property Dividends 10%