Tax Rate on Certain Passive Income on Citizens and Resident Aliens Final Tax

1. Interest under the expanded foreign currency deposit system 15% (vs. exempt for
Nonresident citizens: exempt nonresident aliens
engaged in
trade/business)
2. Royalty from books, literary works, and musical compositions 10%
3. Royalty other than above 20%
4. Interest on any current bank deposit, yield or other monetary 20%
benefits from deposit substitute, trust fund and similar
arrangement
5. Prize exceeding Php 10,000 20%
6. Other winnings, except Phil. Charity Sweepstakes and Lotto 20%`
7. Dividend from a domestic corporation, or from a joint stock 10% (vs. 20% for
company, insurance or mutual fund company, and regional non-resident aliens
operating headquarters of multinational company or share in engaged in
the distributive net income after tax of a partnership (except a trade/business)
general professional partnership), joint stock or joint venture
or consortium taxable as a corporation
 But what about dividends from foreign corporations for
resident citizens (not resident aliens)? Well, the income
here enters into the computation for Section 24(a) tax
calendar. For resident aliens, they are not taxed since their
income is derived from abroad.
8. Interest on long-term deposit or investment in banks (with Exempt
maturity of five years or more)
(Tax Made Less Taxing, Ingles)