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  • Royalties-Literary Work Royalties - Business Prizes Prizes Winnings (Chance) Informer'S Reward Fringe Benefit Tax

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    Clyde JAson Bustillo
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    This document outlines tax rates for various sources of income in the Philippines, including royalties from literary or business works, prizes, winnings, informer's rewards, and fringe benefits. Royalties from literary works and prizes under 10,000 PHP are taxed at 10% for all income codes. Prizes over 10,000 PHP and winnings from chance are taxed at 20% for most income codes but 25% for some codes including the National Revenue Collection and Regional Franchise Collection codes.

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    RPWIF.pdf

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    This document outlines tax rates for various sources of income in the Philippines, including royalties from literary or business works, prizes, winnings, informer's rewards, and fringe benefits. Royalties from literary works and prizes under 10,000 PHP are taxed at 10% for all income codes. Prizes over 10,000 PHP and winnings from chance are taxed at 20% for most income codes but 25% for some codes including the National Revenue Collection and Regional Franchise Collection codes.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    17 views1 page

    Royalties-Literary Work Royalties - Business Prizes Prizes Winnings (Chance) Informer'S Reward Fringe Benefit Tax

    Uploaded by

    Clyde JAson Bustillo
    This document outlines tax rates for various sources of income in the Philippines, including royalties from literary or business works, prizes, winnings, informer's rewards, and fringe benefits. Royalties from literary works and prizes under 10,000 PHP are taxed at 10% for all income codes. Prizes over 10,000 PHP and winnings from chance are taxed at 20% for most income codes but 25% for some codes including the National Revenue Collection and Regional Franchise Collection codes.

    Copyright:

    © All Rights Reserved
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    ROYALTIES, PRIZES, WINNINGS, INFORMERS REWARD, FRINGE BENEFIT

    Source of Income

    RC

    RA

    ROYALTIESLiterary work

    10%

    10%

    10%

    10%

    25%

    ROYALTIESBusiness (oil, mines)

    20%

    20%

    20%

    20%

    25%

    PRIZES (w/ effort)

    20%

    20%

    20%

    20%

    25%

    NT

    NT

    NT

    NT

    NT

    WINNINGS
    (chance)

    20%

    20%

    20%

    20%

    25%

    INFORMERs
    Reward

    10%

    10%

    10%

    10%

    *10%

    FRINGE BENEFIT
    Tax

    32%

    32% 32%

    More than P10,000

    PRIZES
    Less than P10,000

    NRC NRAEB NRANEB

    32%

    25%

    DC

    RFC

    NRFC

    Remarks

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