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KINDS OF TAXPAYERS
TAXPAYERS
INDIVIDUALS
Resident Citizen (RC)
Non-Resident citizen (NRC)
Managerial and Technical Filipino Employees
of AEMOPS, RHQ, ROHQ
Minimum Wage earners
Resident S Alien (RA)
Non-Resident Alien Engaged (NRAE)
Non-resident alien not Engaged (NRANE)
Alien Managerial and Technical Employees of
AEMOPS , RHQ, ROHQ
ESTATES AND TRUSTS
SOURCE OF
INCOME
W/IN
INCOME
NIT
W/
O
GIT
FIT
TAXES
OPCIT of
15% Gross
MCIT
of 2%
BANK
INTERES
T
PRIZES
WINNIN
GS
INCOMES
ROYALTI
ES
DIVIDEN
DS
SALE OF
SHARES
SALE OF
REALTY
*
*
*
*
X
*
*
X
*
*
*
*
*
*
*
*
*
X
*
*
*
*
*
*
*
*
GENERAL RULE = Taxable at 15% FIT on their compensation, for other income earned, the pertinent
provision of the law will be applied.
But has an option to subject income to NIT
*
*
*
*
X
X
X
X
*
*
X
X
X
*
*
*
*
*
X
*
X
*
*
*
*
*
X
*
*
*
GENERAL RULE = Taxable at 15% FIT on their compensation, for other income
pertinent provision of the law will be applied. No Option.
Revocable Trust
Irrevocable Trust
PASSIVE
IAET
of 10%
*
*
*
*
*
*
earned, the
*
*
*
*
*
*
*
*
*
*
*
*
*
X
X
*
*
*
X
*
X
*
X
X
X
X
X
X
X
*
X
*
X
DC-DC
=
EXEM
PT
EXCLUDED
*
EXCLUDED
TAXATION IN A NUTSHELL
KINDS OF TAXPAYERS
General Professional Partnership (GPP)
Business partnership
*
*
*
*
*
*
X
X
*
*
*
*
*
*
*
*
X
X
X
X
X
X
X
X
General co-partnership
SAME
AS DC
Distinctions
Persons liable
Applicability
Ordinary assets
The withholding tax system is a procedure through which taxes (including income taxes) are collected. Under Section 57 of RA 8424, the types of
income subject to withholding tax are divided into three categories:
(a) Withholding of final tax on certain incomes;
(b) Withholding of creditable tax at source and
TAX SUPPLEMENTS/2015 _JOEL OFILAN
*
*
*
*
*
*
TAXATION IN A NUTSHELL
KINDS OF TAXPAYERS
(c) Tax-free covenant bonds.