Resident Citizen
derived income from abroad < 183 days
Non res Citizen
Derived income from abroad > or equal to 183 days
- ofw reg with poea
nrc till he go back to ph
Resident Alien
come to ph for definite purpose which requires extended stay (continuous 1yr)
- married a filipino
- come here without definite intention
NRA
ETB - > 180 days
NETB < or equal - 180 days (Tax table not allowed) only fwt cgt
*if my gross income then sa Fwt papasok 25%
Situs of Taxation
- persons - place of residence
- real property - location of property
- Tangible Personal property - location
- intangible - domicile of owner
- business - place of business
- dividends - nationality of corp *
- 50% of annual gross receipts from ph in past 3 yrs
total within / total all income ph and abroad
total ng tatlong taon hindi per yr ang calculate
types of income tax
- basic income tax
- FWT on passive income (PH only)
- CGT on sale of sst unlisted domestic company
- CGT on sale of real property (PH)
business or profession
Gross sale or Gross receipt + other income
- < or equal 3M = tax table or 8% (excess of 250k)
- > 3m = tax table and subj to bus tax
- 8% in lieu of tax table and 3% perc tax
qualifications of 8% in excess of 250k
- non vat reg
- subj to 3% perc tax
- not subj to vat exempt trans/sales
- cant be purely comp inc
- cant have perc tax business but need to be 3m kaya 3% perc tax lol
Mixed earners
Compensation
- tax table
Bus or prof
- Gross sale or Gross receipt + other income
- < or equal 3M = tax table or 8% (excess of 250k)
- > 3m = tax table and subj to bus tax
- 12% vat - vat reg and >3m
- 3% percentage tax - non vat reg and < or equal to 3m
taxable income
Gross sale
gross receipt
(cogs)
(opex)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_
Taxable incomeInterest income from any currency bank dep, dep subs, trust fund, other monetary benefit
RC, RA - 20%
NRC, NRAETB - 20%
NRANETB - 25%
interest from dep bank under forex
RC, RA - 15%
NRC, NRAETB - exempt
NRANETB - exempt
interest from long term bank dep (if ganire lang sinabi assume long term at hindi terminate)
RC, RA - E
NRC, NRAETB - E
NRANETB - 25%
* need nasa name ng individual not under comp para magamit
*if sold na hindi na pwede sa gain na yon papasok na sa basic tax
long term bank dep int (pre termination period) <5 yrs
RC, RA - E
NRC, NRAETB - E
NRANETB - 25%
long term bank dep int (pre termination period) <4 yrs - >5yrs
RC, RA - 5%
NRC, NRAETB - 5%
NRANETB - 25%
long term bank dep int (pre termination period) <3 yrs - >4yrs
RC, RA - 12%
NRC, NRAETB - 12%
NRANETB - 25%
long term bank dep int (pre termination period) > 3yrs
RC, RA - 20%
NRC, NRAETB - 20%
NRANETB - 25%
royalties (literary works, books, musical comp)
RC, RA NRC - 10%
NRAETB - 10%
NRANETB - 25%
other royalties
RC, RA NRC - 20%
NRAETB - 20%
NRANETB - 25%
- Dividends rec from DC, join stock, insurance, and roh of multi comp *
- Share in distri NI after tax of partnership (XPN: GPP), assoc, tax JV
RC, RA NRC - 10%
NRAETB - 20%
NRANETB - 25%
- 50% of annual gross receipts from ph in past 3 yrs
total within / total all income ph and abroad
total ng tatlong taon hindi per yr ang calculate
prizes > 10000
- NOT FROM RELIGIOUS, CHARITY, SCIENTIFIC, RECIPIENT DIDNT ENTER THE CONTEST OR DIDNT RENDER SERVICE, ATLETHES NATIONAL SPORTS ABORAD OR PH
RC, RA NRC - 20%
NRAETB - 20%
NRANETB - 25%
prizes < or equal 10000
- NOT FROM RELIGIOUS, CHARITY, SCIENTIFIC, RECIPIENT DIDNT ENTER THE CONTEST OR DIDNT RENDER SERVICE, ATLETHES NATIONAL SPORTS ABORAD OR PH
RC, RA NRC - Tax table
NRAETB - tax table
NRANETB - 25%
other winnings
*NOT FROM 126 OF OPT
RC, RA NRC - 20%
NRAETB - 20%
NRANETB - 25%
Winnings pcso or lotto > 10000
RC, RA NRC - 20%
NRAETB - EXEMPT
NRANETB - 25%
