INDIVIDUAL
NRC
RC/RA
INTEREST INCOME
Local Currency Deposit
Short-term interest
Long-term interest
Pre-termination interest rate
Less than 3 years
3 to less than 4 years
4 to less than 5 years
5 years or more
Deposit substitutes
Issued by banks:
Short-term deposit
Long-term deposit
Issued by non-banks:
Short-term deposit
Long-term deposit
Foreign Currency Deposit
Interest income from FCDUs/OBU depository
banks
Interest income of FCDU/EFCDU
Interest income on foreign loans
Tax-free covenant bonds
DIVIDEND INCOME
From domestic corp, in general
January 1, 1998 earnings
January 1, 1999 earnings
January 1, 2000 earnings and thereafter
From real estate investment trust or REIT
From foreign corporations
NRA-ETB
CORPORATION
NRFC
20%
exempt
20%
RIT
25%
25%
20%
12%
5%
exempt
20%
20%
20%
RIT
25%
25%
25%
25%
20%
exempt
20%
RIT
25%
25%
20%
20%
20%
RIT
25%
25%
Exempt
15%
Exempt
Exempt
10%
N/A
N/A
15%
10%
N/A
30%
6%
8%
10%
10%
NRA-NETB
Exempt
20%
20%
20%
<10%^^
Exempt
Exempt
Exempt
Exempt
RIT
Exempt
N/A
30%
20%
N/A
25%
25%
25%
15%
15%
15%
<10%^
Share in net income taxable partnership, joint
venture
ROYALTIES
In general
From cinematographic films and similar works
From books, literary works & music
compositions
TAXABLE PRIZES, amounting to:
P10,000 and below
Above P10,000
From foreign sources
WINNINGS
In general, other winnings
PCSO & lotto winnings P10,000 and below
PCSO & lotto winnings above P10,000
INFORMER’S TAX REWARD
INTEREST INCOME ON TAX-FREE CORPORATE
COVENANT BONDS
Petroleum Service
Subcontractors
SPECIAL ALIENS
Gross compensation income
10%
20%
10%
25%
25%
25%
20%
20%
20%
20%
20%
10%
RIT
20%
25%
RIT
RIT
RIT
25%
25%
exempt
20%
Exempt
20%
10%
30%
RIT
Exempt
20%
10%
30%
25%
25%
25%
25%
30%
8%
8%
8%
-
25%
RIT
RIT
25%
exempt
25%
25%