Professional Documents
Culture Documents
Tax
Wealth Taxpayer W/in W/out
Base Tax Rate 6% 5%/10%
RC : Resident Citizen RC NIT GTR 0-32%
NRC : Non-Resident Citizen NRC X NIT GTR 0-32%
RA : Resident Alien NO Gain Gain RA X NIT GTR 0-32%
NRAETB : Non-Resident Alien
NRAETB X NIT GTR 0-32%
Engaged in Trade or Business
NRANETB : Non-Resident Alien NOT NOT NRANETB X GIT Flat 25%
Engaged in Trade or Business Taxable DC NIT NCIT 30%
NOT Realized REALIZED
DC : Domestic Corporation RFC X NIT NCIT 30% X
RFC : Resident Foreign Corporation NRFC X GIT NCIT 30% X
NRFC : Non-Resident Foreign Corporation
NIT : Net Income Tax NOT
GIT : Gross Income Tax Taxable NOT Expressly
GTR : Graduated Tax Rate Expressly Excluded
NCIT : Normal Corporate Income Tax Excluded by Law
CGT : Capital Gains Tax by Law
SOS : (Sale of) Shares of Stocks
NOT
Taxable
W/In W/Out W/In W/Out W/In W/Out W/In W/Out W/In W/Out W/In W/Out W/In W/Out W/In W/Out
Ordinary CGT for sale of real Sale of shares of Ordinary CGT for sale of real
Income* property classified stocks not traded in Income* property classified
as capital asset stock exchange as capital asset
Ordinary Sale of shares of
Income* stocks not traded in
Graduated Flat Rate stock exchange
Tax Rate Final Tax 25% Final Tax
(0-32%) 6% Not Over 100K Over 100K 6%
Normal
5% 10% Corporate
Tax Not Over 100K Over 100K
30% 5% 10%
* compensation income, business income and professional income; capital
gains/passive income not subject to final tax
daniel.acedillo
bsulaw