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Final Tax Rates by Taxpayer Type

This document summarizes the final tax rates for different types of taxpayers in the Philippines. The tax rates vary based on the type of taxpayer (individual resident citizen, individual non-resident citizen, etc.), and the types of income (interest, royalties, winnings, dividends, etc.). Tax rates range from exempt to 30%, with residents generally facing lower rates than non-residents.

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Najira Hassan
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21 views1 page

Final Tax Rates by Taxpayer Type

This document summarizes the final tax rates for different types of taxpayers in the Philippines. The tax rates vary based on the type of taxpayer (individual resident citizen, individual non-resident citizen, etc.), and the types of income (interest, royalties, winnings, dividends, etc.). Tax rates range from exempt to 30%, with residents generally facing lower rates than non-residents.

Uploaded by

Najira Hassan
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

C.

SUMMARY OF FINAL TAX RATES ON DIFFERENT TAXPAYERS

Individuals Corporations
RC NRC RA NRA-ETB NRA-NETB DC RFC NRFC
Interest Income*
Local Currency Deposit
Short term interest or yield 20% 20% 20% 20% 25% 20% 20% 30%
Long term interest or yield (5 years or more) exempt exempt exempt exempt 25% 20% 20% 30%
Interest or yield on preterminated long term deposits
Less than 3 years 20% 20% 20% 20% 25% 20% 20% 30%
3 to less than 4 years 12% 12% 12% 12% 25% 20% 20% 30%
4 to less than 5 years 5% 5% 5% 5% 25% 20% 20% 30%
Foreign Currency Deposit
Interest from FCDUs/OBU banks 15% exempt 15% exempt exempt 15% 7.50% exempt
Interest on foreign loans exempt exempt exempt exempt exempt exempt exempt 20%
Royalties in general 20% 20% 20% 20% 25% 20% RIT 30%
Winnings (except PCSO and Lotto winnings amounting to P10,000 or less) 20% 20% 20% 20% 25% RIT RIT 30%
-From PCSO and Lotto amounting to P10,000 or less-exempt exempt exempt exempt exempt 25% RIT RIT 30%
Taxable Prizes above P10,000 20% 20% 20% 20% 25% RIT RIT 30%
Taxable Prizes P10,000 and below RIT RIT RIT RIT 25% RIT RIT 30%
Royalties from books, literary works and musical compositions 10% 10% 10% 10% 25% 20% RIT 30%
Share in net income of taxable partnerships,
joint ventures and co-ownerships 10% 10% 10% 20% 25% 10% 10% 30%
Dividend Income^ 10% 10% 10% 20% 25% exempt exempt 30%
Tax Informer's Reward~ [===================================10%====================================]

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