1.

Interests
2. from FCDS

-RC, Non-RC, RA
-Non-RA
20%
20%
7.5%
exempt
Non-RC exempt.
BOTH EXEMPT

3. from deposits
Savings,trust funds but if
Pre-terminated before
Its 5th year. FINAL TAX -> 4yrs-5yrs 5%
3yrs-4yrs 12%
<3yrs
20%
4. royalties(gen.)
20%
-Literary, musical
Composition
10%
5. Prizes&winnings
20%
6. Dividends
1998- 6%
1999- 8%
2000- 10%

20%
10%
20%
20%

EXEMPTIONS Jan 1- July 5 2008 July 6- Dec 31 2008

Personal Exe.
Single
10,000
25,000
Head
12,000
25,000
Married 16,000
25,000
Additional 4,000
2,500
TAX RATE corporations
1997 35%
1998 34%
1999 33%
2000 32%
Oct 2005
Nov 2005- - 35%
2008
2009 30%

Fringe Benefit Tax Gross up MV

1998 34%
66%
1999 33%
67%
2000 32%
68%

Resident Foreign
1. Intl carriers
2.50%
2. ROH
10%
3. OBUs
10% Both 30% Tax. Income other
4. FCDUs
10% than foreign currency