0 GROSS INCOME ITEMS SEC.

32 (A)
TAXPAYER SEC. TAXABLE INCOME Compensation Conduct of Trade Gains derived Interests Rents Royalties Dividends Annuities Prizes Pensions
or Business/Exercise from dealings and
Sec. 23 Sec. 23 of Profession in property Winnings

Resident Citizen 24 (A) all income derived from sources Sale of Shares of Stock Not Traded - 15% 20% 20% 10% 20%
Not over 100K - 5%
Over 100K - 10%
within and without the Phils. Sec. 24 ( C ) Except: books, literary works, musical compositions - 10% Sec. 24 (B) (2) except: 10K or less - 0% and 10K or less from PCSO - exempt
Sale of Real Property - 6% Sec. 24 (B) (1) Sec. 24 (B) (1) Sec. 24 (B) (1)
Sec. 24 (D) (1)
Nonresident Citizen 24 (A) only on income derived from Sale of Shares of Stock Not Traded - 15% 20% 20% 10% 20%
Not over 100K - 5%
Over 100K - 10% expanded foreign currency deposit system - 15% Except: books, literary works, musical compositions - 10%
183 days during the year (aggregate) 22 ( E ) sources within the Phils. Sec. 24 ( C ) Sec. 24 (B) (1) Sec. 24 (B) (1) Sec. 24 (B) (2) except: 10K or less - 0% and 10K or less from PCSO - exempt
Sale of Real Property - 6% Sec. 24 (B) (1)
Sec. 24 (D) (1)
Resident Alien 24 (A) only on income derived from 20% 20% 10%
sources within the Phils. Sec. 24 (B) (1) Sec. 24 (B) (1) Sec. 24 (B) (2)

Nonresident Alien 25 (A) only on income derived from 20% from sale of shares of stock not traded in stock exchange - 15% 20% 20% 20%
Sec. 24 ( C ) except: books, literary works, musical compositions - 10% except: PCSO winnings
Engaged in T & B sources within the Phils. Sec. 25 (A) (2) from sale of of real property - 6% Sec. 25 (A) (2) Sec. 25 (A) (2) Sec. 25 (A) (2)
>180 days during the year (aggregate) Sec. 24 (D) (1)

Nonresident Alien 25 (B) only on income derived from 25% 25%

Sec. 25 (B) 25% 25% 25% 25% 25% 25%
not engaged in T & B sources within the Phils. Sec. 25 (B) Alien individual employed by regional or area headquarters and regional operating HQs of Multinational Companies - 15% Sec. 25 (B) Sec. 25 (B) Sec. 25 (B) Sec. 25 (B) Sec. 25 (B) Sec. 25 (B)
Alien individual employed by regional or area headquarters and regional operating HQs of Multinational Companies - 15% Sec. 25 ( C ) from sale of shares of stock not traded in stock exchange - 15% Alien individual employed by regional or area headquarters and regional operating HQs of Multinational Companies - 15%
Sec. 25 ( C ) Sec. 25 ( C )
Alien individual employed by Offshore Banking Units - 15% Alien individual employed by Offshore Banking Units - 15% Sec. 24 ( C ) Alien individual employed by Offshore Banking Units - 15%
Sec. 25 (D) Sec. 25 (D) from sale of of real property - 6% Sec. 25 (D)
Alien individual employed by Petroleum Service Contractor and Subcontractor - 15% Alien individual employed by Petroleum Service Contractor and Subcontractor - 15%
Sec. 25 ( E ) Alien individual employed by Petroleum Service Contractor and Subcontractor - 15% Sec. 25 ( E )
Sec. 25 ( E ) Sec. 24 (D) (1)
Domestic Corporation 27 all income derived from sources 30% 30% Sale of Shares of Stock Not Traded - 15% 20% 20% from another DC (intercorporate dividends) - Exempt
Depository bank under the expanded foreign currecy deposit system - 15%
within and without the Phils. Sec. 27 (A) Sec. 27 (A) Sec. 27 (D) (2) Sec. 27 (D) (1) Sec. 27 (D) (1) Sec. 27 (D) (4)

Resident Foreign 28 (A) only on income derived from 30% or an option of 15% 30% or an option of 15% Sale of Shares of Stock Not Traded - 20% 20% from a DC - Exempt
Expanded foreign currency deposit system - 7 1/2%
Corporation sources within the Phils. Sec. 28 (A) (1) Sec. 28 (A) (1) Not over 100K - 5% Sec. 28 (A) (7) (a) Sec. 28 (A) (7) (a) Sec. 28 (A) (7) (d)
Over 100K - 10%
Sec. 28 (A) (6) ( c )
Nonresident Foreign 28 (B) only on income derived from 30% 30% 30% 30% 30% 30% 30% 30%
Corporation sources within the Phils. Sec. 28 (B) (1) Sec. 28 (B) (1) Sec. 28 (B) (1) Sec. 28 (B) (1) Sec. 28 (B) (1) Sec. 28. (B) (1) Sec. 28 (B) (1) Sec. 28 (B) (1)
Non-resident cinematographic film owner, lessor, distributor - 25% Shares of stock not traded: On foreign loans - 20%
Sec. 28 (B) (2) Not over 100K - 5% Sec. 28 (B) (5) (a) Intercorporate dividends - 15 %
Non-resident owner or lessor of vessels chartered by Philippine Nationals - 4 1/2% Excess of 100K - 10% Sec. 28 (B) (5) (b)
Sec. 28 (B) (3) Sec. 28 (B) (5) ( C )
Non-resident Owner or lessor of aircraft, machineries, and other equipment - 7 1/2%
Sec. 28 (B) (4)
 GROSS INCOME ITEMS SEC. 32 (A)
TAXPAYER SEC. TAXABLE INCOME Compensation Conduct of Trade Gains derived Interests Rents Royalties Dividends Annuities Prizes Pensions
or Business/Exercise from dealings and
Sec. 23 Sec. 23 of Profession in property Winnings

Resident Citizen 24 (A) all income derived from sources 20% 20% 10%
within and without the Phils. Sec. 24 Sec. 24 Sec. 24
(B) (1) (B) (1) (B) (2)

Nonresident Citizen 24 (A) only on income derived from 20% 20% 10%
183 days sources within the Phils. Sec. 24 Sec. 24 Sec. 24
(B) (1) (B) (1) (B) (2)

Resident Alien 24 (A) only on income derived from 20% 20% 10%
sources within the Phils. Sec. 24 Sec. 24 Sec. 24
(B) (1) (B) (1) (B) (2)

Nonresident Alien 25 (A) only on income derived from 20% 20% 20% 20%
Engaged in T & B sources within the Phils. Sec. 25 (A) (2) Sec. 25 Sec. 25 Sec. 25
180 days (A) (2) (A) (2) (A) (2)

Nonresident Alien 25 (B) only on income derived from 25% 25% 25% 25% 25% 25%
not engaged in T & B sources within the Phils. Sec. 25 (B) Sec. 25 (B) Sec. 25 (B) Sec. 25 (B) Sec. 25 (B) Sec. 25 (B)

Domestic Corporation 27 (A) all income derived from sources 30% 20% 20% Exempt
within and without the Phils. Sec. 27 (A) Sec. 27 Sec. 27 Sec. 27
(D) (1) (D) (1) (D) (4)

Resident Foreign 28 (A) only on income derived from 15% 20% 20% Exempt
Corporation sources within the Phils. Sec. 28 (A) Sec. 28 Sec. 28 Sec. 28
(1) 4th par. (A) (7) (a) (A) (7) (a) (A) (7) (d)

Nonresident Foreign 28 (B) only on income derived from 30% 20% 15%
Corporation sources within the Phils. Sec. 28 (B) (1) Sec. 28 Sec. 28
(B) (5) (a) (B) (5) (b)