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    Tax Rate On Certain Passive Income On Citizens and Resident Aliens

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    Roland Maranan
    The document outlines different tax rates that apply to various types of passive income for citizens and resident aliens in the Philippines. The rates range from 10% to 20% for items like royalties, interest, prizes and dividends. Interest from long-term bank deposits over 5 years is exempt.

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    Tax Rate On Certain Passive Income On Citizens and Resident Aliens

    Uploaded by

    Roland Maranan
    10 views1 page
    The document outlines different tax rates that apply to various types of passive income for citizens and resident aliens in the Philippines. The rates range from 10% to 20% for items like royalties, interest, prizes and dividends. Interest from long-term bank deposits over 5 years is exempt.

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    https://www.scribd.com/document/320082237/Austria-RR2-03

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    Tax Rate on Certain Passive Income on Citizens and Resident Aliens

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    The document outlines different tax rates that apply to various types of passive income for citizens and resident aliens in the Philippines. The rates range from 10% to 20% for items like royalties, interest, prizes and dividends. Interest from long-term bank deposits over 5 years is exempt.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views1 page

    Tax Rate On Certain Passive Income On Citizens and Resident Aliens

    Uploaded by

    Roland Maranan
    The document outlines different tax rates that apply to various types of passive income for citizens and resident aliens in the Philippines. The rates range from 10% to 20% for items like royalties, interest, prizes and dividends. Interest from long-term bank deposits over 5 years is exempt.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Tax Rate on Certain Passive Income on Citizens and Resident Aliens Final Tax

    1. Interest under the expanded foreign currency deposit system 15% (vs. exempt for
    Nonresident citizens: exempt nonresident aliens
    engaged in
    trade/business)
    2. Royalty from books, literary works, and musical compositions 10%
    3. Royalty other than above 20%
    4. Interest on any current bank deposit, yield or other monetary 20%
    benefits from deposit substitute, trust fund and similar
    arrangement
    5. Prize exceeding Php 10,000 20%
    6. Other winnings, except Phil. Charity Sweepstakes and Lotto 20%`
    7. Dividend from a domestic corporation, or from a joint stock 10% (vs. 20% for
    company, insurance or mutual fund company, and regional non-resident aliens
    operating headquarters of multinational company or share in engaged in
    the distributive net income after tax of a partnership (except a trade/business)
    general professional partnership), joint stock or joint venture
    or consortium taxable as a corporation
     But what about dividends from foreign corporations for
    resident citizens (not resident aliens)? Well, the income
    here enters into the computation for Section 24(a) tax
    calendar. For resident aliens, they are not taxed since their
    income is derived from abroad.
    8. Interest on long-term deposit or investment in banks (with Exempt
    maturity of five years or more)
    (Tax Made Less Taxing, Ingles)

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