IMPOSITIONS TAXPAYER TAX RATE TAX BASE PERIOD OF

APPLICABILITY

Sec. 29 Corporations 10% Taxable Start of every

(Improperly income calendar year
Accumulated (Improperly
Earnings Accumulated
Income Tax) earnings

Sec. 33 Employer 32% Grossed up From January

whether monetary 1, 2000
(Fringe Benefits
individual, GPP value & fringe onwards
Tax)
or benefit
Corporations

Sec. 49 ( c ) Individuals 6% Gross selling Commences

(Capital Gains price/current upon the
Tax - Sale of fair market realization of
Real Property value under sale
considered as Sec. 6 ( e ) of
Capital Asset this code
by Individual