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Tax Rates for NRFCs in Ireland

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This document outlines corporate income tax rates in the Philippines for different types of corporations and income. It provides tax rates for domestic corporations, resident foreign corpora…

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Acads Lang
  • Tax Rate Overview
  • Nonresident Foreign Corporations
  • Restrictions on Foreigners

DC RFC NRFC

GENERAL RULE
- NCIT - Taxable Income 30%
- MCIT - Gross Income 2% N/A
OGID (on gross income) 15% N/A

PASSIVE INCOME

1. Interest
- currency bank deposit 20%
- yield and other monetary benefits - deposit subsitutes and trust 30%
funds
2. Royalties 20%
3. FCDUs 7.50% exempt

CAPITAL GAINS
1. Shares of Stock Not Traded in PSE
- first 100,000 5%
- proceeds above 100,000 10%

2. Real Property (Land, Building) 6%

OTHER INCOME

1. Intercoporate Dividends exempt exempt 15%


2. Foreign Loans 20%

SPECIAL CORPORATIONS
DOMESTIC CORPORATIONS

1. Proprietary, Non-profit
- educational institutions 10%
- hospitals
2. GOCCs 30%
3. Exempt GOCCs (GSIS, SSS, PHIC, LWD, PCSO) exempt

RESIDENT FOREIGN CORPORATIONS

4. International Carrier (on PGB)


- International Air Carrier 2.50%
- International Shipping
5. OBUs 10%
6. Branch Profit Remittances 15%
7. Regional Area HQ exempt
8. Regional Operating HQ 10%
9. Depository Banks exempt exempt
NONRESIDENT FOREIGN CORPORATIONS
10. Cinematographic Film Owner/Lessor/Distributor 25%
11. Owner/Lessor of Vessels Chartered by PH Nationals 4.50%
12. Owner/Lessor of Aircraft, Machineries, Other Equipment 7.50%
foreigners not allowed to acquire
land

home country must not collect


dividends

unrelated gross income < 50%

DC RFC NRFC GENERAL RULE - NCIT - Taxable Income 30% - MCIT - Gross Income 2% N/A OGID (on gross income) 15% N/A PASSIVE INCO
NONRESIDENT FOREIGN CORPORATIONS 10. Cinematographic Film Owner/Lessor/Distributor 25% 11. Owner/Lessor of Vessels Chartered
unrelated gross income < 50% foreigners not allowed to acquire land home country must not collect dividends

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