SITUS Ordinary Income / Normal

Tax
Passive Income / Final
Withholding Tax
Capital Gains Tax

1. DC


World
wide

GI, world
(AD,W)
Taxable Income, W

Normal Tax 30%
MCIT of 2% of GP
GIT of 15% of GP
IAET of 10% of tax base

a) Interest on deposits, deposits
substitute yields or other
monetary benefits from trust
funds or similar arrangements
20% FT
b) Interest under expanded
foreign currency 7.5% FT
c) Intercorporate dividends
exempt
a) Sale of Shares of Stock
Domestic Co. not listed
thru LSE on NCG of 100K
5% CGT in excess of 100K
10% CGT.

b) Sale Real Property located
Philippines on the FMV or
SP whichever is higher a
6% CGT.

2. RC

Within
Phils.

GI, Phils.
(AD,P)
Taxable Income, P

Normal Tax 30%
MCIT of 2% of GP
GIT of 15% of GP
IAET of 10% of tax base
Profit Remittance tax of 15%
of earmarked remittances

Same as above
a) Sale of Shares of Stock
Domestic Co. not listed
thru LSE on NCG of
P100,000 5% CGT in
excess of P100,000 10%
CGT.


3. NRC

Within
Phils.

GI, Phils

Tax Rate 30%

a) Interest on Foreign Loans
20% FT
b) Dividends from DC
15% FT
a) Sale of Shares of Stock
Domestic Co. not listed
thru LSE on NCG of
P100,000 5% CGT in
excess of P100,000 10%
CGT.

4. SC

Within
Phils.

Refer to Income Tax Book 3
Chap 1 Question 4



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