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  • Individuals Corporations RC NRC RA Nraetb Nranetb DC RFC NRFC 1. Interest Income

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    Paul Winston Mansing Alcala
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    This document outlines tax rates for different types of income for individuals, corporations, and other entities in the Philippines. It provides the tax rates for 1) interest income from various sources, 2) dividends from domestic and foreign corporations, 3) royalties from different types of works, 4) prizes below and above 10k pesos, and 5) winnings from the Philippine Charity Sweepstakes Office (PCSO) and other sources. The tax rates range from exempt to 25% depending on the source of income and type of entity.

    Original Description:

    Summary of Final Income Tax

    Original Title

    FINAL-INCOME-TAXATION

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    This document outlines tax rates for different types of income for individuals, corporations, and other entities in the Philippines. It provides the tax rates for 1) interest income from various sources, 2) dividends from domestic and foreign corporations, 3) royalties from different types of works, 4) prizes below and above 10k pesos, and 5) winnings from the Philippine Charity Sweepstakes Office (PCSO) and other sources. The tax rates range from exempt to 25% depending on the source of income and type of entity.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views1 page

    Individuals Corporations RC NRC RA Nraetb Nranetb DC RFC NRFC 1. Interest Income

    Uploaded by

    Paul Winston Mansing Alcala
    This document outlines tax rates for different types of income for individuals, corporations, and other entities in the Philippines. It provides the tax rates for 1) interest income from various sources, 2) dividends from domestic and foreign corporations, 3) royalties from different types of works, 4) prizes below and above 10k pesos, and 5) winnings from the Philippine Charity Sweepstakes Office (PCSO) and other sources. The tax rates range from exempt to 25% depending on the source of income and type of entity.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    Individuals Corporations

    RC NRC RA NRAETB NRANETB DC RFC NRFC


    1. Interest
    Income
    Short term
    (from banks) 20% 20%
    Long term
    Less than 3
    years 20%
    3 to 4 years 12%
    RIT
    4 to 5 years 5%
    5 years or 25% 25%
    more Exempt

    *Non Banks RIT RIT


    *Non Banks
    (debt)
    Short term 20% 20%
    Long term 20% *RIT

    FCDS/FCDU 15% Exempt 15% Exempt Exempt 15% Exempt

    2.Dividends
    From Domestic Exempt
    Corp 10% 20% 25% *intercorporate 25%/*15%
    From Foreign
    Corp RIT 25% RIT 25%

    3.Royalties
    General 20% 20%
    Literary Works 10% 25% 20% 25%
    Cinematographic Films 20% 25% 20%

    4. Prizes
    Not exceeding
    10k RIT 25% RIT 25%
    Exceeding 10k 20% RIT

    5.Winnings
    PCSO Not
    exceeding 10k Exempt Exempt
    PCSO Exceeding
    10k 20% 20%
    25% 25%
    Other winnings
    in general 20% RIT
    From foreign
    sources RIT

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