FINAL TAX RATES

INCOME RC NRC RA NRAETB NRANETB DC RC NRC

1. Interest income or yields from LOCAL CURRENCY BANK DEPOSITS or deposit substitutes
a. Short term deposits (less than 5 years maturity date) 20% 20% 20% 20% 25% 20% 20% 30%
b. Long term deposits or Investment Certificates (5 years or more maturity date) Exempt Exempt Exempt Exempt 25% 20% 20% 30%
c. Pre-termination of long term deposits (for Individuals only)
c.1. 5 years or more holding period 0% 0% 0% 0% 25% 20% 20% 30%
c.2. 4 years to less than 5 years holding period 5% 5% 5% 5% 25% 20% 20% 30%
c.3. 3 years to less than 4 years holding period 12% 12% 12% 12% 25% 20% 20% 30%
c.4. Less that 3 years holding period 20% 20% 20% 20% 25% 20% 20% 30%
2. Interest Income or yields from FOREIGN CURRENCY BANK DEPOSITS under FCDU/EFCDU 15% Exempt 15% Exempt Exempt 15% 15% Exempt
3. Interest Income of EFCDU/OBU 10% Exempt 10% Exempt Exempt 10% 10% Exempt
4. Interest on foreign loans RIT RIT RIT RIT RIT RIT RIT 20%
5. DOMESTIC DIVIDENDS, in general
a. From Domestic Coporations 10% 10% 10% 20% 25% Exempt Exempt 30%
b. From Foreign Corporations RIT RIT RIT RIT RIT RIT RIT RIT *NOTE
6. SHARE IN NET INCOME of taxable partnership (business partnership), joint venture
and co-ownership 10% 10% 10% 20% 25% 10% 10% 30%
7. ROYALTIES
a. Literary works, Books and Musical compositions (LBM) 10% 10% 10% 10% 25% 20% 20% 30%
b. Cinematoghraphic films and other similar works 20% 20% 20% 25% 25% 20% 20% 25%
c. Others 20% 20% 20% 20% 25% 20% 20% 30%
8. PRIZES
a. Not exceeding 10,000 RIT RIT RIT RIT 25% RIT RIT 30%
b. Exceeding 10,000 20% 20% 20% 20% 25% RIT RIT 30%
9. WINNINGS
a. PCSO/Lotto Winnings not exceeding 10,000 Exempt Exempt Exempt Exempt 25% Exempt Exempt 30%
b. PCSO/Lotto Winnigs exceeeding 10,000 20% 20% 20% 20% 25% 20% 20% 30%
c. Others 20% 20% 20% 20% 25% RIT RIT 30%
10. Informer's Tax Reward (10% or 1,000,000 whichever is lower; per case basis) 10% 10% 10% 10% 25% 10% 10% 30%
11. Interest on TAX-FREE Corporate Covenant Bond 30% 30% 30% 30% 30% RIT RIT RIT