Final Income Taxation

• Final Income Tax on Certain Passive Income

  1. Interest - on local currency
  2. Dividends - cash or property
  3. Royalties
  4. Prizes
  5. Winnings
  6. Informer's Tax Reward
• Interest or Yield (local currency)

  Bank Deposits - 20%

  • Resident Citizen
  • Non- Resident Citizen
  • Resident Alien
  • Non Resident Alien not Engaged
  • Domestic Corporation
  • Resident Corporation
• Interest or Yield (local currency)

  Deposit Substitute - 20%

  • Resident Citizen
  • Non- Resident Citizen
  • Resident Alien
  • Non Resident Alien not Engaged
  • Domestic Corporation
  • Resident Corporation
• Interest or Yield (local currency)

  Money Market Placement - 20%

  • Resident Citizen
  • Non- Resident Citizen
  • Resident Alien
  • Non Resident Alien not Engaged
  • Domestic Corporation
  • Resident Corporation
• Interest or Yield (local currency)

  Trust Funds (CTF,UITF, IMA) - 20%

  • Resident Citizen
  • Non- Resident Citizen
  • Resident Alien
  • Non Resident Alien not Engaged
  • Domestic Corporation
  • Resident Corporation
• Interest or Yield (local currency)

  Bank Deposits - 25%

  • Non-resident Alien Not Engaged in Business
  • Non-resident Corporation
• Interest or Yield (local currency)

  Deposit Substitute - 25%

  • Non-resident Alien Not Engaged in Business
  • Non-resident Corporation
• Interest or Yield (local currency)

  Money market placements - 25%

  • Non-resident Alien Not Engaged in Business
  • Non-resident Corporation
• Interest or Yield (local currency)

  Trust Funds (CTF,UITF, IMA) - 25%

  • Non-resident Alien Not Engaged in Business
  • Non-resident Corporation
• Interest Income from long-term:

  Deposit - Exempt from FIT

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
• Interest Income from long-term:

  Investment in form of saving - Exempt from FIT

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
• Interest Income from long-term:

  Common or Individual trust funds - Exempt from FIT

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
• Interest Income from long-term:

  Investment Management Accounts - Exempt from FIT

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
• Interest Income from long-term:

  Deposit Substitutes - Exempt from FIT

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
• Interest Income from long-term:

  Other investment evidences by certificates prescribed by BSP - Exempt from FIT

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
• Interest Income from long-term:

  Deposit - 25% FIT

  • Non-Resident Alien not Engaged
  • Non-Resident Corporation
• Interest Income from long-term:

  Investment in form of savings - 25% FIT

  • Non-Resident Alien not Engaged
  • Non-Resident Corporation
• Interest Income from long-term:

  Common or Individual trust funds - 25% FIT

  • Non-resident Alien Not Engaged
  • Non-resident Corporation
• Interest Income from long-term:

  Deposit Substitute - 25% FIT

  • Non-Resident Alien not Engaged
  • Non-Resident Corporation
• Interest Income from long-term:

  Other Investments evidenced by the BSP - 25% FIT

  • Non-Resident Alien not Engaged
  • Non-Resident Corporation
• Interest Income from long-term:

  Investment in form of savings - 20% RIT

  • Domestic Corporation
  • Resident Corporation
• Interest Income from long-term:

  Deposit - 20% RIT

  • Domestic Corporation
  • Resident Corporation
• Interest Income from long-term:

  Common or Individual Trust Funds - 20% RIT

  • Domestic Corporation
  • Resident Corporation
• Interest Income from long-term:

  Investment Management Account- 20% RIT

  • Domestic Corporation
  • Resident Corporation
• Interest Income from long-term:

  Deposit Substitute - 20% RIT

  • Domestic Corporation
  • Resident Corporation
• Interest Income from long-term:

  Other Investment evidences by certificates prescribed by BSP - 20% RIT

  • Domestic Corporation
  • Resident Corporation
• Pre-termination of long-term deposit or investment

  Less than 3 Years held - 20%

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
  • Domestic Corporation
  • Resident Corporation
• Pre-termination of long-term deposit or investment

  3 years to less than 4 years held - 12%

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
• Pre-termination of long-term deposit or investment

  3 years to less than 4 Years held - 20%

  • Domestic Corporation
  • Resident Corporation
• Pre-termination of long-term deposit or investment

  4 years to less than 5 Years held - 5%

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
  • Non-resident Alien Engaged
  • Domestic Corporation
  • Resident Corporation
• Pre-termination of long-term deposit or investment

  4 years to less than 5 Years held - 20%

  • Domestic Corporation
  • Resident Corporation
• Pre-termination of long-term deposit or investment

  3 years to less than 5 Years held - 25%

  • Non-resident Alien Not Engaged
  • Non-Resident Corporation
• Interest Income on FCDU Deposit from a depositary bank

  - 15%

  • Resident Citizen
  • Resident Alien
  • Domestic Corporation
  • Resident Corporation
• Interest Income on FCDU Deposit from a depositary bank

  - Exempt

  • Non-resident (Citizen, Alien, and Corporation
• Interest Income on FCDU Banks - 10%

  • Domestic Corporation
  • Resident Corporation

  Note: The rest N/A
• Interest Income on Foreign Loans - 20%

  • Non-resident Corporation

  Note: The rest N/A
• Dividends (Cash or Property)

  From Domestic Corporation - 10%

  • Resident Citizen
  • Non-resident Citizen
  • Resident Alien
• Dividends (Cash or Property)

  From Domestic Corporation - 20%

  • Non-resident Alien Engaged
• Dividends (Cash or Property)

  From Domestic Corporation - 25%

  • Non-resident Alien Not Engaged
• Dividends (Cash or Property)

  From Domestic Corporation - 15%

  • Non-resident Corporation