INCOME TAX CHART – INDIVIDUAL TAXPAYERS

Particulars RC NRC RA NRAETB NRANETB

Interest income on any currency bank deposit, and yield or
any other monetary substitute and from trust funds and
similar arrangements*
Prizes amounting to more than P10,000*
Winnings, in general* Final tax of 20%
Phil. Charity Sweepstakes and lotto winnings exceeding
P10,000*
Royalties, in general*
Royalties on books and other literary works and musical
compositions* (See Note 1) Final tax of 10%
Cash and/or property dividends actually or constructively
received from a domestic corporation, joint stock company, Final tax of 25%
insurance or mutual fund companies and regional operating on the gross
headquarters of multinational companies, or on the share of Final tax of 10% income
an individual partner in the distributable income after tax of Final tax of 20%
a partnership (except a general professional partnership) of
which he is a partner, or on the share of an individual in the
net income after tax of an association, a joint account or a
joint venture or consortium taxable as a corporation of
which he is a member or co-venturer*
Interest income from a depositary bank under the expanded
foreign currency deposit system* Final tax of 15% Exempt Final tax of 15% Exempt Exempt
Phil. Charity Sweepstakes and lotto winnings amounting to
P10,000 or less*
Interest income on long-term deposit or investment in the Final tax of 25%
form of savings, common or individual trust funds, deposit Exempt on the gross
substitutes, investment management accounts and other income
investments evidenced by certificates in such form
prescribed by the BSP (maturity is 5 years or more)*

Interest on long-term deposit pre-terminated before the fifth

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 INCOME TAX CHART – INDIVIDUAL TAXPAYERS

year, i.e., with maturity of:

4 year to less than 5 years Final tax of 5% Final tax of 25%
3 years to less than years Final tax of 12% on the gross
Less than 3 years Final tax of 20% income
*

Sale, barter or exchange or other disposition of shares of

stock of a domestic corporation held as capital asset not Final tax of 15% on the net capital gain
disposed through a local stock exchange*(See Note 2.)
On sale, exchange or other disposition of real property Final tax of 6%
located in the Philippines held as capital asset* (See Note 3) On the gross selling price or current fair market value, whichever is higher
Final tax of 25%
On income not falling on any of the above** Graduated rates on taxable income or 8% income on gross sales/gross receipts on the gross
income

*From Philippine sources only.

**From sources within the Philippines and outside the Philippines for resident citizen, but from Philippine sources only with respect to NRC, RA, NRAETB and
NRANETB.

Note 1: Final tax of 25% with respect to royalties on cinematographic films and similar works for NRAETB. This is the same rate imposed on non-resident foreign
corporations on their gross income from all sources in the Philippines as cinematographic film owner, lessor or distributor.
Note 2: If traded through a local stock exchange, the rate is 6/10 of 1% stock transaction tax on the gross selling price. This tax, however, is not an income tax, but a
percentage tax.
Note 3: Exempt in the case of the sale of principal residence if certain requirements are complied with.