Professional Documents
Culture Documents
Regular Corp. Corporate Income Tax 30% of Taxable Income 30% of Taxable Income 30% of Taxable Income
MCIT 2% of Gross Income if higher 2% of Gross Income if higher n/a
than above than above
IAET 10% of TI on the 4th year n/a n/a
following its commencing
Branch Profit Remittances 15% of total profit
Special Corp. Regional/Area HQ exempt
Regional Operating HQ 10% of Taxable Income
Capital Gains Sale of Shares of Stocks 5% not over P100k or 10% on any amount in excess of P100k
Royalties a. Regular 20% FWT 20% FWT 20% FWT 20% FWT 25% NIT
b. Literary works 10% 10% 10% 10% 25% NIT
Prizes and a. P10k and below NIT NIT NIT NIT 25% NIT
Winnings
b. Above P10k 20% FWT 20% FWT 20% FWT 20% FWT 25% NIT
Dividends a. From DC 10% FWT 10% FWT 10% FWT 20% FWT 25% NIT
Capital Gains Sale of Shares of Stocks 5% not over P100k or 10% on any amount in excess of P100k