RECIPIENTS

RC NRC RA NRA-ETBNRA-NETB
Interest income
LOCAL CURRENCY DEPOSITS
From Banks:
Short term deposits/certificates/trust 20% 20% 20% 20% 25%
Long term deposits/certificates/trust Exempt Exempt Exempt Exempt 25%
From Non-banks:
Short term deposits/certificates/trust RIT RIT RIT RIT 25%
Long term deposits/certificates/trust RIT RIT RIT RIT 25%

DEPOSIT SUBSTITUTES (debts instrum

Issued by Banks:
Short term 20% 20% 20% 20% 25%
Long term Exempt Exempt Exempt Exempt 25%
Issued by Non-banks:
Short term 20% 20% 20% 20% 25%
Long term 20% 20% 20% 20% 25%

FOREIGN CURRENCY DEPOSITS

Interest income from FCDUs/OBU deposita 15% Exempt 15% Exempt Exempt
Interest income of FCDUs/EFCDU 10% Exempt 10% Exempt Exempt
Interest income on foreign loans N/A N/A N/A N/A N/A

TAX-FREE COVENANTS BONDS 30% 30% 30% 30% 30%

Dividend income
Source: Domestic Corporation 10% 10% 10% 20% 25%
Source: Foreign Corporation RIT RIT RIT RIT RIT
Source: Real Estate Investment Trust 10% Exempt 10% *10% *10%

Share in NI
(taxable partnership, joint venture, co-own 10% 10% 10% 20% 25%

Royalties
PASSIVE ROYALTIES
Books, literary works and musical composit 10% 10% 10% 10% 25%
Books (sold on e-copies or CDs such as e-b 20% 20% 20% 20% 25%
Cinematographic films 20% 20% 20% 25% 25%
In General 20% 20% 20% 20% 25%
ACTIVE ROYALTIES RIT RIT RIT RIT 25%

Prizes
Exceeding 10,000 20% 20% 20% 20% 25%
Not exceeding 10,000 RIT RIT RIT RIT 25%
Winnings
PCSO winnings not exceeding 10,000 Exempt Exempt Exempt Exempt 25%
PCSO winnings exceeding 10,000 20% 20% 20% 20% 25%
Other winnings, in general 20% 20% 20% 20% 25%

Tax informer's reward 10% 10% 10% 10% 25%

Italicized = not mentione
*subject to prefer
PIENTS
DC RFC NRFC

20% 20% 25%

RIT RIT 25%

RIT RIT 25%

RIT RIT 25%

20% 20% 25%

RIT RIT 25%

20% 20% 25%

RIT RIT 25%

15% 15% Exempt

10% 10% Exempt
N/A N/A 20%

N/A N/A N/A

Exempt Exempt 25%

RIT RIT RIT
Exempt Exempt *10%

10% 10% 25%

20% 20% 25%

20% 20% 25%
20% 20% 25%
20% 20% 25%
RIT RIT 25%

RIT RIT 25%

RIT RIT 25%
 RIT RIT 25%
RIT RIT 25%
RIT RIT 25%

10% 10% 25%

Italicized = not mentioned in the Code
*subject to preferential tax rate