Airene T.

Patungan LM31FB1 Assignment # 1 July 2, 2018

Resident Citizen TAX TYPE TAX RATE
1) Interest from peso bank deposit, BDO, Makati FWTx 20%
2) Interest from US dollar bank deposit, BPI-Manila FWTx 7.5%
3) Interest from a foreign currency deposit in Japan BTx Tax Table
4) Interest from money market placement, Philippines FWTx 20%
5) Interest from a foreign currency deposit in Australia by a NRA Exempt -
6) Interest from overdue a/r, Philippines BTx Tax Table
7) Compensation income, Philippines BTx Tax Table
8) Business income, Philippines BTx Tax Table
9) Gain on sale of car for personal use BTx Tax Table
10) Gain on sale of delivery truck BTx Tax Table
11) Royalties, in general, Davao city FWTx 20%
12) Royalties, books published in Manila FWTx 20%
13) Prizes amounting to P30,000, Philippines FWTx 20%
14) Prizes amounting to P10,000, Philippines BTx Tax Table
15) Prizes amounting to P40,000, USA BTx Tax Table
16) P30,000 Other Winnings, Philippines FWTx 20%
17) P10,000 Other Winnings, Philippines FWTx 20%
18) P15,000 Other Winnings, Canada BTx Tax Table
19) P10,000 Phil, Lotto/PSCO winnings Exempt -
20) P100,000 PSCO winnings by a RA Exempt -
21) Phil, Lotto/PSCO winnings by a NRA-NETB FWTx 25%
22) Lotto winnings in London BTx Tax Table
23) Interest income from long-term bank deposit by a RA Exempt -
24) Interest income from long-term bank deposit by a NRA-NETB FWTx 20%
25) Interest income from a government issued bonds w/ maturity of 10yrs. FWTx 20%
26) Interest income from a bonds issued by PLDT w/ maturity of 10yrs. FWTx 10%
27) Dividend income from a domestic corporation FWTx 10%
28) Dividend income from a resident foreign corporation BTx Tax Table
29) Dividend income from a nonresident foreign corporation BTx Tax Table
30) Dividend income from a domestic corporation by a NRA-ETB FWTx 20%
31) Dividend income from a domestic corporation by a NRA-NETB FWTx 25%
32) Gain on sale of shares of stock of a domestic corporation sold directly to a buyer BTx Tax Table
33) Gain on sale of shares of stock of a domestic corpo. traded in the local stock exchange Exempt -
34) Gain on sale of real properties used in business BTx Tax Table
35) Gain on sale of real properties classified as capital asset located in Singapore BTx Tax Table