under the trust instrument, it is unthinkable whenever before the fulfillment of all liabilities regarding

workers under the trust, for any piece of the corpus or pay to be (inside the available year or from there
on) utilized for, or redirected to, purposes other than for the selective advantage of his representatives
CONSOLIDATED INCOME TAX RETURNS (TWO OR MORE TRUSTS) 1. The available pay of the multitude of
trusts will be solidified and the assessment registered on such merged pay. The duty figured on the
combined pay will be allocated to the various trusts, to such an extent that each trust will have an offer
in the annual expense on united pay.

Available pay of the trust

xx

Partition. Available pay of the trust

xx

Increase. Solidified annual duty

xx

Charge Apportioned to a Trust

xx 2. Such extent of said charge will be surveyed and gathered from every trustee which the available
pay of the trust directed by him bears to the merged pay of the few trusts. Each trust will pay an annual
expense still duke or payable processed as follows:

Annual Tax Apportioned to a Trust

xx

Less. Personal duty previously paid

(xx)

Annual assessment payable

xx MODULE 5

Exceptional CORPORATIONS SPECIAL CORPORATION

● Under the Tax Code, certain enterprises are liable to bring down charge rates on their ordinary pay
rather than the customary assessment of 20% or 25%.

Standard Corporation Special Corporation

Standard Income

DC: 20%/25% RCIT

RFC: 25% RCIT

Lower annual assessment rates

NRFC: 25% FWT

Automated revenue

FWT rates

FWT rates

Capital Gains

CGT rates

CGT rates

Personal TAX RATES OF SPECIAL CORPORATIONS DOMESTIC CORPORATIONS

Exclusive and instructive foundations; and Nonprofit clinics

TRAIN LAW: 10%

Make ACT:

July 1, 2020 to June 31, 2023: 1%

Starting July 1, 2023: 10%

Occupant CORPORATIONS

Global Carriers (might be exposed to a particular annual duty rate lower than 2.5% or excluded from
personal expense dependent on an assessment settlement or correspondence)

2.5%

Local Operating Headquarters (ROHQ) of global organizations (Subject to 10% rate up to December 31,
2021 as it were. Starting January 1, 2022, ROHQs will be liable to 25% RCIT under CREATE Act)

10% NONRESIDENT FOREIGN CORPORATIONS

Alien proprietor of lessor of vessel

4.5%

Alien cinematographic film proprietor, lessor or merchant

25%

Alien lessor of airplane, hardware and other gear

7.5%