> Before CREATE ~ = Regular Corporote Income Fox (RCI) *, (aspen sn 3 9 Minimum Corporate Income Tox (MCI) pppoe Opt ‘teak er tn a Deductions fom ‘Gross Income 10% Repeated Improperly hecumulated Earrings Tox (MET) Proprietary Educational Institutions and Hospitals Interoorporsta Dividends 10% of net taxable income ‘Mot net texable income ae eam Soret CREATE 2 et Regular Corporate Income Tox (RCT) % 2% ago ee 99 8) Minimum Corporate Income Tax (MOTT) maa cere ‘cowed apn spared De sbjecadto fa or ‘per el Deductions from yaydnistinren Groselncome Sper 0% 2021 10% of net taxable income Gok ine ‘anuory 1, 2022 ROHOe Income am reset Subject to RCIT and corp for treme fom ‘other taxor romps fom other twee 8s Soc ned re on ed sans Final Tax on Pastve IncomeNON-RESIDENT FOREIGN CORPORATIONS Before CREATE women () nee Regular Corporote Income Tox (RCI) Tax on sive tnoame equ ot crdtin be Sacer creatine Somes eon parr reny = “oi eon il. 2020) Intercorporate Dividends For questions and clarifications, contact: Lea Roque 1 +63 2 8988 2288 ext. 650 M063 917 897 1746 Elearoque@ph.gticom Des Politade-Aclan 1 +63 2 8988 2288 ext. 523, 962.920 971 0812 E des.politado-aclan@ph.gt.com PBA GrantThornton