Non Resident Citizens

within
Compensation Income
Basic
Personal
PHHI
Special Taxpayers ( no dedcutions allowed)
Employed by multinational Companies - 15% of gross compensation income sec 25c
Employed by Offshore banking Units - 15 % of GCI Sec25 d
Employed by - 25% of GCI sec 25%
Business Income
Basic
Personal
OSD or
ID
Professional Income Gross Professional Income - gross receipts less returns, allowances, discounts
Basic
Personal
OSD or
ID
Taxable income x Normal Tax Rate of 5 to 32% (sec 24 a)
salaries, wages, holiday pay
Taxable income x Normal Tax Rate of 5 to 32% (sec 24 a)
50,000
25,000 per dependent, maximum of 4
Gross Compensation Income - any remuneration for rendering personal service
less Personal Exemptions
50,000
25,000 per dependent, maximum of 4
less Deduction
2,400
Taxable income x Normal Tax Rate of 5 to 32% (sec 24 a)
Resident Citizens
within and without
Income
50,000
25,000 per dependent, maximum of 4
less Allowable Deductions
40% of Gross Sales
General Business Expenses, Interest, Taxes, Losses, Bad Debts, Depreecitiation
less Personal Exemptions
less Allowable Deductions
40% of Gross Sales
General Business Expenses, Interest, Taxes, Losses, Bad Debts, Depreecitiation
Gross busines income - gross sales less sales returns, discounts and allowances, and cost of goods sold
less Personal Exemptions
Aliens
Resident Aliens NRA ETB NRA NETB
within within within
Basic only 50,000 (Reciprocity)
0
Employed by multinational Companies - 15% of gross compensation income sec 25c
not applicable
Itemized Deduction only
not applicable
Itemized Deduction only
Taxable income x Normal Tax Rate of 5 to 32% (sec 24 a)
salaries, wages, holiday pay
Taxable income x Normal Tax Rate of 5 to 32% (sec 24 a)
Basic only 50,000 based on reciprocity
50,000
25,000 per dependent, maximum of 4
Gross Compensation Income - any remuneration for rendering personal service
less Personal Exemptions
50,000
25,000 per dependent, maximum of 4
less Deduction
2,400
Taxable income x Normal Tax Rate of 5 to 32% (sec 24 a)
50,000 Basic only 50,000 based on reciprocity
25,000 per dependent, maximum of 4
less Allowable Deductions
40% of Gross Sales
General Business Expenses, Interest, Taxes, Losses, Bad Debts, Depreecitiation
less Personal Exemptions
less Allowable Deductions
40% of Gross Sales
General Business Expenses, Interest, Taxes, Losses, Bad Debts, Depreecitiation
Gross busines income - gross sales less sales returns, discounts and allowances, and cost of goods sold
less Personal Exemptions