INCOME TAX MATRIX

Resident Citizen I. On TAXABLE INCOME II. From sources within the Philippines on PASSIVE INCOME of A. Interest under the expanded foreign currency deposit system B. Royalty from books, literary works and musical compositions C. Interest on any currency bank deposit, yield or monetary benefits from deposit substitute, trust fund and similar arrangement Royalty other than (B) Prize exceeding P 10,000 Other winnings (except Philippine Charity Sweeptakes and lotto winnings) D. Dividend from a domestic corporation, or from a joint stock company, insurance or mutual fund company, and regional operating headquarters of multinational company, or share in the distributative net income after tax of a partnership (except a general professional partnership), join stock or joint venture, or consortium taxable as corporation E. Interest on long-term deposit or investment in banks (with a maturity of 5 years or more) Predeterminated long-term deposit on the entire income based on the remaining maturity: 4 year to less than 5 years 3 years to less than 4 years Lesss than 3 years F. Gross income from cinematographic films and similar works III. On CAPITAL GAIN A. On sale of domestic shares of stock not traded in stock exchange B. On sale of real property situated in the Philippines Schedular Non-resident Citizen Schedular Resident Alien Schedular Non-resident Alien ETB Schedular NETB FT 25%

7.5% 10%

Exempt 10%

7.5% 10%

Exempt 10%

FT 25% FT 25%

20%

20%

20%

20%

FT 25%

10%

10%

10%

20%

FT 25%

Exempt

Exempt

Exempt

Exempt

FT 25%

5% 12% 20%

5% 12% 20%

5% 12% 20%

5% 12% 20%

FT 25% FT 25% FT 25% FT 25%

25%

FT 25%

5-10% 6%

5-10% 6%

5-10% 6%

5-10% 6%

5-10% 6%