INCOME RC NRA- NRA- NOTES

NRC ETB NETB

RA
(Sec.24) (Sec.25-A) (Sec.25-B)
CAPITAL GAINS

INTEREST INCOME
DERIVED FROM: (RR 14-2012)
1. GOVT Debt Instruments & FWT 20% FWT 20% FWT 25% -Original issuance subj to DST
Securities -mere issuance is DEEEMED "Deposit Substitutes"
2. LONG-TERM Deposit or EXEMPT EXEMPT provided the ff. conditions are present:
Investment Certificates FROM 1. Depositor or investor is RC, NRC, RA or NRA-ETB in the Philippines;
INCOME 2. LTDI certificates be under the name of the individual and not OF the corporation
TAX if or the bank or the trust department/unit of the bank;
conditions 3. LTDI be in the form of savings, common or individual trust funds, deposit
are present. substitutes, investment management accounts and other investments
evidenced by certificates
Absent any: 4. LTDI be issued by banks only and not by other financial institutions;
FWT 20% 5. LTDI have a maturity period of not less than 5years;
6. LTDI be in denominations of P10K and other denominations as may be
If retired prescribed by the BSP;
before 5th 7. LTDI NOT be terminated by the investor before 5th year
year: except those specifically exempted by law or regulations, any other income such as
(based on gains from trading, foreign exchange gain shall not be covered by income tax
holding exemption.
period)
4 years to
less than 5
years - 5%

3 years to
less than 4
years - 12%

Less than 3
years - 20%

DIVIDEND
ROYALTIES

PRIZES & WINNINGS

NET TAXABLE INCOME

W/IN THE PH
W/OUT THE PH

GROSS INCOME
W/IN PH

INCOME DC RFC NRFC OTHERS NOTES

CAPITAL GAINS

INTEREST INCOME

DIVIDEND

ROYALTIES

PRIZES & WINNINGS