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    Items of Inclusions

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    Celestino Law
    This document outlines tax rates for various items of income for different taxpayer classifications in the Philippines. It provides tax rates ranging from 5-32% income tax (IT) to 35% corporate income tax (CIT) for items like compensation, annuities, rents, trade/business income, dividends, royalties, interests, prizes/winnings, capital gains, pensions, and partnership income. The classifications listed are residents citizens (RC), non-resident citizens (NRC), residents aliens (RA), non-resident aliens engaged in trade/business (NRAETB), non-resident aliens not engaged in trade/business (NRANETB), domestic corporations (DC), foreign corporations doing business (FCBD

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    © All Rights Reserved
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    Items of Inclusions

    Uploaded by

    Celestino Law
    42 views1 page
    This document outlines tax rates for various items of income for different taxpayer classifications in the Philippines. It provides tax rates ranging from 5-32% income tax (IT) to 35% corporate income tax (CIT) for items like compensation, annuities, rents, trade/business income, dividends, royalties, interests, prizes/winnings, capital gains, pensions, and partnership income. The classifications listed are residents citizens (RC), non-resident citizens (NRC), residents aliens (RA), non-resident aliens engaged in trade/business (NRAETB), non-resident aliens not engaged in trade/business (NRANETB), domestic corporations (DC), foreign corporations doing business (FCBD

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    ITEMS OF INCLUSIONS.docx

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    This document outlines tax rates for various items of income for different taxpayer classifications in the Philippines. It provides tax rates ranging from 5-32% income tax (IT) to 35% corporate income tax (CIT) for items like compensation, annuities, rents, trade/business income, dividends, royalties, interests, prizes/winnings, capital gains, pensions, and partnership income. The classifications listed are residents citizens (RC), non-resident citizens (NRC), residents aliens (RA), non-resident aliens engaged in trade/business (NRAETB), non-resident aliens not engaged in trade/business (NRANETB), domestic corporations (DC), foreign corporations doing business (FCBD

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    42 views1 page

    Items of Inclusions

    Uploaded by

    Celestino Law
    This document outlines tax rates for various items of income for different taxpayer classifications in the Philippines. It provides tax rates ranging from 5-32% income tax (IT) to 35% corporate income tax (CIT) for items like compensation, annuities, rents, trade/business income, dividends, royalties, interests, prizes/winnings, capital gains, pensions, and partnership income. The classifications listed are residents citizens (RC), non-resident citizens (NRC), residents aliens (RA), non-resident aliens engaged in trade/business (NRAETB), non-resident aliens not engaged in trade/business (NRANETB), domestic corporations (DC), foreign corporations doing business (FCBD

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    ITEMS OF INCLUSIONS RC NRC RA NRAETB NRANETB DC FCBD FCNDB

    COMPENSATION Both *5-32% IT *5-32% IT *5-32% IT *10% FT N/A N/A N/A


    sources
    5-32% IT
    ANNUITIES *5-32% IT *5-32% IT *5-32% IT *5-32% IT *10% FT N/A N/A N/A
    RENTS 5-32% IT *5-32% IT *5-32% IT *5-32% IT N/A 35% CIT + N/A N/A
    12% VAT
    TRADE/BUSINESS Both *5-32% IT *5-32% IT *5-32% IT *25% FT 35% CIT 35% CIT 10% FT
    Sources
    5-32% IT
    DIVIDENDS
    a. From DC 10% FT 10% FT 10% FT 20% FT 25% FT E E 15% FT but
    (RoI) (RoI) subject to a
    tax credit if
    there is a
    treaty
    b. From FC w/in 5-32% IT 5-32% IT 5-32% IT 5-32% IT 25% FT 35% FT 35% FT 10% FT
    PH
    c. From FC w/o PH E E E E E 35% FT E E
    ROYALTIES
    a. w/in PH (BLM) 10% FT 10% FT 10% FT 10% FT 25% FT 10% FT 10% FT 30% FT
    b. w/o PH Treaty T T T T T T T
    c. Others 20% FT 20% FT 20% FT 20% FT 25% FT 20% FT 20% FT 30% FT
    INTERESTS
    a. CB/DB (w/in) 20% FT 20% FT 20% FT 20% FT 25% FT 20% FT 20% FT 20% FT
    b. CB/DB (w/in) *It is subject to a tax treaty
    c. EFCDS (w/in) 7.5% FT E 7.5% FT E E
    PRIZES/WINNINGS
    a. Below 10,000 5-32% IT 5-32% IT 5-32% IT 5-32% IT 25% FT
    b. Above 10,000 20% FT 20% FT 20% FT 20% FT 25% FT
    Gains
    a. Capital Real CGT: 6% of the Zonal Value or Fair Market Value whichever is higher
    b. C Personal CGT: 6% based on the Fair Market Value
    Exception: NTS 5-10% CGT (Deed Price-Acquisition Cost x 5-10%)
    c. Ordinary Real 5-32% IT 5-32% IT 5-32% IT 5-32% IT 5-32% IT
    d. O Personal 5-32% IT 5-32% IT 5-32% IT 5-32% IT 5-32% IT
    Exception: TS PH Stock Exchange = Transfer Tax: ½ of 1% of the Gross Selling Price
    If traded outside PH = RC and NRC would be taxed with 5-32% IT
    Plus Documentary Stamp Tax of:
    (Real & Personal Property) 15.00 per 1000.00
    (NTS) 1.00 for every 200 shares (original issuance); If the shares are already transferred, DST would be 75 cents for every 200 shares
    (TS) exempted
    Pensions 5-32% IT 5-32% IT 5-32% IT 5-32% IT 10% FT
    Partnership
    a. Ordinary 10% FT 10% FT 10% FT 10% FT 10% FT
    b. Professional 5-32% IT 5-32% IT 5-32% IT 5-32% IT 5-32% IT

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