INCOME RC NRC RA NRA-ETB NRA- DC RFC NRFC

NETB
ALL INCOME Amount of Net Taxable
Rate
(not in either ) Income
Over But Not Over
P10,000 5%
P500 + 10% of the
P10,000 P30,000 GIT NIT (30%) GIT
Excess over P10,000
P30,000 P70,000
P2,500 + 15% of the (25%) (30%)
Excess over P30,000 PTR Note- include prizes
P8,500 + 20% of the
P70,000 P140,000 (15%) and winnings
Excess over P70,000
P22,500 + 25% of the
P140,000 P250,000
Excess over P140,000
P50,000 + 30% of the
P250,000 P500,000
Excess over P250,000
P125,000 + 32% of the
P500,000 Excess over P500,000 in
2000 and onward
PASSIVE
Bank Deposit FWT (20%) GIT FWT (20%) GIT
(25%) (30%)
FCDS FWT EXEMPT FWT EXEMPT FWT GIT
(7.5%) (7.5%) (7.5%) (30%)
LONGTERM EXEMPT
LT pre terminated FWT
4=<x< 5 5% GIT
3=<x<4 12% (25%) X
X<3 20%
Loan granted by foreign govt/
financing institution owned and
controlled by international govt/ EXCLUSION X
depo ee in an accredited ret plan
Royalties
(literary/ musical) GIT GIT
(25%) (30%)
Sold in PH FWT FWT (10%) FWT (20%)
(10%) NIT (30%)
Sold Abroad NIT (GR) NO TAX
Royalties from use and exhaustion of FWT (20%)
copy right/ TM/ formula/ nat X
resources under lease
Prizes and winnings (legal or not) FWT (20%) GIT
(25%) NIT (30%)
Lotto/ PCSO games EXEMPT Part of all income X
10 and less NIT (GR) GIT
(25%)
Cash or property dividend issued by FWT GIT INTER CORPORATE DIVIDENDS
DC/ joint stock corp/ insurance/ FWT (10%) (20%) (25%) I-issuer
mutual funds/ ROHQ
Issued by FC GIT I-DC I-DC I-DC
GR: 100% (WITHIN) NIT (GR) NIT (GR) (25%) =EXEMPT =EXEMPT =FWT
EXP: (PARTLY IN/OUT) NIT (GR) NO TAX NO (15%)
12.5% TAX
I-FC I-FC I-FC
87.5% = NIT GR: 100% GR: 100%
(WITHIN) (WITHIN)
= NIT = FWT
EXP: (15%)
(PARTLY EXP:
IN/OUT) (PARTLY
12.5%=NIT IN/OUT)
87.5%= 12.5%=
NO TAX GIT (30%)
87.5%=
NO TAX

Capital Gains
Shares of Stock
Issued by DC-listed and traded of 1% of the gross selling P or gross value in money of the shares of stock (Stock Transaction
Tax)
Issued by DC not traded though FWT
PSE 100k and less= 5%
Exceeding 100k+ 10%
Sale of Real Property
Capital asset ng PH CGT (6%) CGT (6%)
Capital Asset in US NIT (GR) NO TAX Capital Asset= CGT
Ordinary Asset in PH NIT (GR) NIT (GR) (6%)
Ordinary Asset in US NIT (GR) NO TAX Ordinary Asset= NIT
Principal Residence in PH EXEMPT EXEMPT (30%) X
Principal Residence in PH NIT (GR) NO TAX
MCIT 2%
IAET 10% X
BPRT X 15%
GENERAL RULE
SOURCE OF INCOME RC NRC RA NRA-ETB NAR-NETB DC RFC NRFC
ALL income ( not in NIT NIT NIT NIT (GR) GIT (25%) NIT NIT GIT
either below) (GR) (GR) (GR) PTR (15%) (30%) (30%) (30%)
Passive income FWT FWT FWT FWT GIT FWT FWT GIT
Capital gains from sale of FWT FWT FWT FWT GIT FWT FWT GIT
shares of stock
Capital gain from sale of CGT CGT CGT CGT CGT CGT CGT X
real property
Intercorporate dividends

DC issued EXEMPT EXEMPT FWT

FC issued NIT NIT GIT

MCIT 2% 2% X
IAET 10% X X
BPRT X 15% (tax X
parity rule)