Scribd Logo
Încărcați

Bine ați venit la Scribd!

  • Tax On Individuals (Table)

    Încărcat de

    MJ Ferma
    20 vizualizări1 pagină
    This document outlines tax rates for different types of individual income in the Philippines. It shows the net income tax rates of 5-32% and gross income tax rate of 25% that are used to calculate the final tax owed. It also lists various passive income types like interest, dividends, royalties, and capital gains from assets like real property and stocks. The tax rates for these passive incomes vary between exempt, 10%, 20%, and 25% depending on the source of income and residency status of the taxpayer.

    Descriere originală:

    taxation law

    Titlu original

    Tax on Individuals (table).docx

    Drepturi de autor

    © © All Rights Reserved

    Formate disponibile

    DOCX, PDF, TXT sau citiți online pe Scribd

    Vi se pare util acest document?

    Este necorespunzător acest conținut?

    Raportați acest document
    This document outlines tax rates for different types of individual income in the Philippines. It shows the net income tax rates of 5-32% and gross income tax rate of 25% that are used to calculate the final tax owed. It also lists various passive income types like interest, dividends, royalties, and capital gains from assets like real property and stocks. The tax rates for these passive incomes vary between exempt, 10%, 20%, and 25% depending on the source of income and residency status of the taxpayer.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    20 vizualizări1 pagină

    Tax On Individuals (Table)

    Încărcat de

    MJ Ferma
    This document outlines tax rates for different types of individual income in the Philippines. It shows the net income tax rates of 5-32% and gross income tax rate of 25% that are used to calculate the final tax owed. It also lists various passive income types like interest, dividends, royalties, and capital gains from assets like real property and stocks. The tax rates for these passive incomes vary between exempt, 10%, 20%, and 25% depending on the source of income and residency status of the taxpayer.

    Drepturi de autor:

    © All Rights Reserved
    Descărcați ca DOCX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 1

    TAX ON INDIVIDUALS

    TAXPAYER
    TAXABLE
    INCOME
    NET
    INCOME
    TAX (NIT)
    5-32%
    GROSS
    INCOME
    TAX (GIT)
    25%
    FINAL TAX
    PASSIVE INCOME CAPITAL GAINS TAX
    Interest
    Income from
    any currency
    bank deposits,
    deposit
    substitute,
    trust funds,
    prizes,
    winnings,
    royalties in
    general
    (20%)
    Interest
    Income
    from
    Foreign
    Currency
    Deposit
    (7 %)
    Interest
    Income from
    Long Term
    Deposit or
    Investment
    (EXEMPT)

    *see Note 2
    for
    exemptions.
    Royalties on
    books, other
    literary works
    and musical
    compositions
    (10%)
    Dividends from
    Domestic
    Corporation
    (10%)
    Real
    Property
    (6%)
    Shares of
    Stocks not
    listed and
    traded in
    the stock
    exchange
    (5% - not
    over P 100k)
    (10% - in
    excess of
    P100k)
    RC
    W/IN and
    W/OUT the
    Phil.



    X














    NRC
    W/IN the
    Phil.


    X


    X










    RA


    X














    NRA-ETB


    X


    X




    20 %




    NRA-NETB X


    X
    *but all Passive
    Income are added
    and subject to 25%
    GIT
    X
    *but all Passive
    income are
    added and
    subject to 25%
    GIT
    X
    *but all Passive
    income are
    added and
    subject to 25%
    GIT
    X
    *but all Passive
    income are added
    and subject to 25%
    GIT
    X
    *but all Passive
    income are added
    and subject to
    25% GIT

    S-ar putea să vă placă și