SUMMARY OF TAX RATES

Income Taxation Graduated Rates

Effective: January 1, 2018 - December 31, 2022
OVER BUT NOT OVER TAX PLUS OF EXCESS OVER
- 250,000 - - -
250,000 400,000 - 20% 250,000
400,000 800,000 30,000 25% 400,000
800,000 2,000,000 130,000 30% 800,000
2.000,000 8,000,000 490,000 32% 2,000,000
8,000,000 - 2,410,000 35% 8,000,000
Effective: January 1, 2023 ONWARDS
OVER BUT NOT OVER TAX PLUS OF EXCESS OVER
- 250,000 - - -
250,000 400,000 - 15% 250,000
400,000 800,000 22,500 20% 400,000
800,000 2,000,000 102,500 25% 800,000
2.000,000 8,000,000 402,500 30% 2,000,000
8,000,000 - 2,202,500 35% 8,000,000

FINAL WITHHOLDING TAX ON PASSIVE INCOME

INDIVIDUALS
PASSIVE INCOME CLASSIFICATION TAXPAYER
  RC, RA NRC, NRAETB NRANETB
LBM 10% 10% 25%
1. ROYALTIES
OTHERS 20% 20% 25%
a. From any Bank Deposits and yield (depsub, trust
20% 20% 25%
fund, similar)
Prior Train
b. EFCDS 7.5%, TRAIN EXEMPT EXEMPT
15%
2. INTERESTS
C. LTD (at least 5y maturity)  
* 5+ years EXEMPT EXEMPT 25%
* 4Y but less than 5Y 5% 5% 25%
* 3Y but less than 4Y 12% 12% 25%
* less than 3Y 20% 20% 25%
a. Actually /Constructively Received from: domestic
corp, joint stock, ROHQ, Insurance
b. Share in distributable incme after tax of:
3. Dividends 10% 20% 25%
partnership except GPP
c. Share in Net Income after tax of Association, Joint
Account, Taxable Joint Venture
a. Amount > P10K 20% 20% 25%
4. PRIZES
b. Amount <= P10K Regular tax Regular Tax 25%
a. PCSO Lotto Winnings      
* Prior TRAIN EXEMPT EXEMPT 25%
* TRAIN  
5. WINNINGS
<= P10K EXEMPT EXEMPT 25%
> P10K 20% EXEMPT 25%
b. Other Winnings regardless the amount 20% 20% 25%
SUMMARY OF TAX RATES

CORPORATION
TAXPAYER PASSIVE INCOME
  ROYALTIES INTERESTS DIVIDENDS PRIZES
  LBM OTHERS CBD/DS/GS LTD EFCDS FROM DC >10k <=10K
DC 20% 20% 20% RCIT 15% EX RCIT RCIT

RFC 20% 20% 20% RCIT 15% EX RCIT RCIT

25% OR 15% ; Tax

NRFC 25% 25% 25% RCIT EX 25% 25%
Sparing
SUMMARY OF TAX RATES

THE PERCENTAGE TAXES

SECTION CLASSIFICATION % TAX RATE SECTION CLASSIFICATION % TAX RATE
Common Carriers Tax
Premium Tax on Life
(regardless of amount of Gross 3% 123 2%
Insurance
Receipts)
Transport Network Companies Tax on Agents of Foreign
  4%
117 (Grab, UBER, etc.) Insurance Companies
124 * owners of property obtain
3% insurance directly with foreign 5%
* with CPC insurance companies
* w/o CPC 3% or 12% VAT AMUSEMENT TAXES
International Carriers (cargos 3% or exempt
118 * Jai-Alai and Race Tracks 30%
only) (reciprocity)
*Cockpits, Cabarets,
Franchises   18%
Nighclubs
125
*PROFESSIONAL bball
3% 15%
* Radio and TV games
119 * Water and Gas 2% * Boxing Exhibitions 10%
*VIDEOKE, KARAOKE,
5% 18%
* POGOS MUSIC LOUNGES
*Transmission
3% WINNINGS
Operations of NGCP  
Oversears Communication Tax * BETTOR (winnings or
120 10%
(orig from PH) 126 dividends less cost of ticket) 10%
On Banks and Non Bank FI * BETTOR (double,
 
performing QB Functions trifecta, quinella) 4%
* LENDS 5% * OWNER of horse 10%
121 a. Stock Transaction Tax
1%
* Maturity 5+ years (listed to LSE) 6/10 of 1%
* Royalty, Rentals, b. Tax on shares of stock
7%
Trading, XCHANGE, SERVICE sold through IPO  
On Banks and Non Bank FI
 
performing NON QB Functions 127 * up to 25% 4%
* up 25% but but not over
* LENDS 5%
122 33 1/3 % 2%
* Maturity 5+ years 1% * over 33 1/3 % 1%
* Royalty, Rentals, Trading,
5%
XCHANGE, SERVICE CREATE 0%
SUMMARY OF TAX RATES
SUMMARY OF TAX RATES

FORM NO. FORM TITLE DEADLINES

0605 Payment Form
Payment Form Covered by a Letter
0611-A
Notice
Payment Form Under Tax
0613 Compliance Verification Drive/Tax
Mapping
Monthly Remittance Form for
0619-E Creditable Income Taxes Withheld
(Expanded)
Monthly Remittance Form for Final
0619-F
Income Taxes Withheld
Monthly Remittance Form of Tax
Withheld on the Amount Withdrawn
0620
from the Decedent's Deposit
Account
Monthly Remittance Return of Value-
1600-VT
Added Tax Withheld 
Monthly Remittance Return of Other
1600-PT
Percentage Taxes Withheld
Remittance Return of Percentage
1600-WP Tax on Winnings and Prizes
Withheld by Race Track Operators
Monthly Remittance Return of
1601-C Income Taxes Withheld on
Compensation
Quarterly Remittance Return of
1601-EQ Creditable Income Taxes Withheld
(Expanded)
Quarterly Remittance Return of Final
1601-FQ 
Income Taxes Withheld
Quarterly Remittance Return of Final
Income Taxes Withheld On Interest
1602Q 
Paid on Deposits and Yield on
Deposit Substitutes/Trusts/Etc.
Quarterly Remittance Return of Final
Income Taxes Withheld on Fringe
1603Q
Benefits Paid to Employees other
than Rank and File
Annual Information Return of Income
1604-C
Taxes Withheld on Compensation
Annual Information Return of Income
1604-F Payments Subjected to Final
Withholding Taxes
Annual Information Return of
Creditable Income Taxes Withheld
1604-E
(Expanded)/ Income Payments
Exempt from Withholding Tax 
SUMMARY OF TAX RATES

Withholding Tax Remittance Return

For Onerous Transfer of Real
1606
Property Other Than Capital Asset
(Including Taxable and Exempt) 
Quarterly Remittance Return of Tax
1621 Withheld on the Amount Withdrawn
from Decedent's Deposit Account
Annual Income Tax Return For
Individuals Earning Purely
1700 Compensation Income (Including
Non-Business/Non-Profession
Related Income)
Annual Income Tax Return For
1701 Individuals (including MIXED Income
Earner), Estates and Trusts
Annual Income Tax Return For
Individuals Earning Income PURELY
from Business/Profession (Those
1701A under the graduated income tax
rates with OSD as mode of
deduction OR those who opted to
avail of the 8% flat income tax rate)
Quarterly Income Tax Return for
1701Q
Individuals, Estates and Trusts
Annual Income Tax Return For
Corporation, Partnership and Other
1702-RT
Non-Individual Taxpayer Subject
Only to REGULAR Income Tax Rate
Annual Income Tax Return For
Corporation, Partnership and Other
Non-Individual Taxpayers EXEMPT
1702-EX Under the Tax Code, as Amended,
[Sec. 30 and those exempted in Sec.
27(C)] and Other Special Laws, with
NO Other Taxable Income
Annual Income Tax Return For
Corporation, Partnership and Other
Non-Individual with MIXED Income
1702-MX
Subject to Multiple Income Tax
Rates or with Income Subject to
SPECIAL/PREFERENTIAL RATE
Quarterly Income Tax Return for
1702Q Corporations, Partnerships and
Other Non-Individual Taxpayers
Improperly Accumulated Earnings
1704
Tax Return For Corporations
Capital Gains Tax Return for
Onerous Transfer of Real Property
1706
Classified as Capital Asset (both
Taxable and Exempt)
1707 Capital Gains Tax Return for
Onerous Transfer of Shares of
SUMMARY OF TAX RATES

Stocks Not Traded Through the

Local Stock Exchange
Annual Capital Gains Tax Return for
Onerous Transfer of Shares of Stock
1707-A
Not Traded Through the Local Stock
Exchange

Information Return on
1709 Transactions with Related Party
(Foreign and/or Domestic)

1800 Donor's Tax Return

1801 Estate Tax Return
Application for Authority to Use
Computerized Accounting System or
1900
Components thereof/Loose-Leaf
Books of Accounts
Application for Registration For Self-
Employed (Single
Proprietor/Professional), Mixed
1901
Income Individuals, Non-Resident
Alien Engaged in Trade/Business,
Estates and Trusts
Application for Registration For
Individuals Earning Purely
1902
Compensation Income (Local and
Alien Employee)
Application for Registration For
Corporations, Partnerships
1903 (Taxable/Non-Taxable), Including
GAIs, LGUs, Cooperatives and
Associations
Application for Registration For One-
Time Taxpayer and Persons
1904 Registering under E.O. 98 (Securing
a TIN to be able to transact with any
Government Office)
Application for Registration
1905 Information
Update/Correction/Cancellation
Application for Authority to Print
1906
Receipts and Invoices
Application for Permit to Use Cash
1907 Register Machine/Point-of-Sale
Machine
Monthly Documentary Stamp Tax
2000
Declaration/Return
Documentary Stamp Tax
2000-OT Declaration/Return (One-Time
Transactions)
2110 Application for Abatement or
Cancellation of Tax, Penalties and/or
SUMMARY OF TAX RATES

Interest Under Rev. Reg. No.

______
Excise Tax Return for Alcohol
2200-A
Products
Excise Tax Return for Automobiles
2200-AN
and Non-Essential Goods
Excise Tax Return for Cosmetic
2200-C
Procedures
Excise Tax Return for Mineral
2200-M
Products
Excise Tax Return for Petroleum
2200-P
Products
Excise Tax Return for Sweetened
2200-S
Beverages
Excise Tax Return for Tobacco
2200-T
Products
Certificate of Income Payment Not
2304 Subject to Withholding Tax
(Excluding Compensation Income)
Certificate of Final Tax Withheld At
2306
Source
Certificate of Creditable Tax
2307
Withheld At Source
Certificate of Compensation
Payment/Tax Withheld For
2316
Compensation Payment With or
Without Tax Withheld
Monthly Value-Added Tax
2550M
Declaration
2550Q Quarterly Value-Added Tax Return
2551Q Quarterly Percentage Tax Return
Percentage Tax Return for
Transactions Involving Shares of
Stock Listed and Traded Through
2552
the Local Stock Exchange or
Through Initial and/or Secondary
Public Offering
Return of Percentage Tax Payable
2553
Under Special Laws