FINAL WITHHOLDING TAX

TAX TAX ATC

DESCRIPTION
TYPE RATE IND CORP
Interest on Foreign loans payable to Non-Resident Foreign WC18
WF 20%
Corporation (NRFCs) 0
Interest and other income payments on foreign currency WC19
WF 10%
transactions/loans payable of Offshore Banking Units (OBUs) 0
Interest and other income payments on foreign currency
WC19
WF transactions/loans payable of Foreign Currency Deposits Units 10%
1
(FCDUs)
W120
Cash dividend payment by domestic corporation to citizens ans 10%
WF 2
residents aliens/NRFCs
30% WC212
WI20
Property dividend payment by domestic corporation to citizens 10%
WF 3
and resident aliens/NRFCs
30% WC213
Cash dividend payment by domestic corporation to NFRCs
WC22
WF whose countries allowed tax deemed paid credit (subject to 15%
2
tax sparing rule)
Property dividend payment by domestic corporation to NFRCs
whose countries allowed tax deemed paid credit (subject to 15% WC223
tax sparing rule)
Cash dividend payment by domestic corporation to non-
WI22
WF resident alien engaged in Trade or Business within the 20%
4
Philippines (NRAETB)
WI22
WF Property dividend payment by domestic corporation to NRAETB 20%
5
Share of NRAETB in the distributable net income after tax of a
partnership (except GPPs) of which he is a partner, or share in
WI22
WF the net income after tax of an association, joint account or a 20%
6
joint venture taxable as a corporation of which he is a member
or a co-venturer
WF On other payments to NRFCs 30% WC230
Distributive share of individual partners in a taxable
WI24
WF partnership, association, joint account or joint venture or 10%
0
consortium
All kinds of royalty payments to citizens, resident aliens and
WI25 WC25
WF NRAETB (other than WI380 and WI341), domestic and resident 20%
0 0
foreign corporations
On prizes exceeding P10,000 and other winnings paid to WI26
WF 20%
individuals 0
Branch profit remittance by all corporations except
WF 15% WC280
PEZA/SBMA/CDA registered
On the gross rentals, lease and charter fees derived by non-
WF 4.5% WC290
resident owner or lessor of foreign vessels
On gross rentals, charter and other fees derived by non-
WF 7.5% WC300
resident lessor or aircraft, machineries and equipment
On payments to oil exploration service contractors/sub- WI31
WF 8% WC310
contractors 0
 Payments to non-resident alien not engage in trade or business
WI33
WF within the Philippines (NRANETB) except on sale of shares in 25%
0
domestic corporation and real property
On payments to non-residnet individual/foreign corporate WI34
WF 25% WC340
cinematographic film owners, lessors or distributors 0
Royalties paid to NRAETB on cinematographic films and similar WI34
WF 25%
works 1
Final tax on interest or other payments upon tax-free covenant
WI35
WF bonds, mortgages, deeds of trust or other obligations under 30%
0
Sec. 57C of the NIRC of 1997, as amended
Royalties paid to citizens, resident aliens and nraetb on books, WI38
WF 10%
other literary works and musical compositions 0
WI41
WF Informers cash reward to individuals/juridical persons 10% WC410
0
Cash on property dividend paid by a Real Estate Investment WI70
WF 10% WC700
Trust 0