Tax on IndividualsIncome I,DS,TF,R Interest -EFCDInterest -LTDRoyalties Prizes Dividends CG-SS CG-RPResident Citizen!"#$%!"# to &"#$"" ' !"% o( )!"#&"# to *"#+,$# ' !$% o( )&"#*"# to !-"#.,$# ' +"% )*"#!-"#to +$"#++,$# ' +$% o( )!-"#+$"#to $""/$"# ' &"% o( )+$"#)$""#!+$# '&+% o( )$""/Married Individuals:Compute SeparatelyIncome cannot be defned then half equally then add to respective +"%Imposed upon:1. Interest from any currency bank deposit yield or monetary beneft !. "eposit substitutes and from #. $rust %unds and &. 'ther similar arran(ements and royalties.*,$%$his is the interest from the %orei(n Currency "eposit System$his is only on those )ho are residents. *r(o... 0ot a11lica2le tonon-residentindividuals,If it is in a +ointaccount bet)een an 'C, and a spouse -)ho isa resident. then /01/0. 2alf is ta3 free)hile the other half is sub+ect to ta3 of 4./5Exem1t$his is the interest on 6on( $erm "eposits7enerally *3empt. 8ut there )ill be a ta3 )hen it is )ithdra)s before the lapse of / years in )hichcase:If you remove:& to9 /th yr.$%# to9 &th yr.!+%9 #rd+"%3!"%:oyalties from: 1. 8ooks!. 6iterary )orks and #. Musical compositions.30ote4 I( t5e royalty is not(rom t5e a2ove, t5en it is su26ect to t5e +"% tax3+"%E7CEPT4 If )innin(s from ;CS' < 6otto then: E7E8PT$hese contemplates that the pri=esand )innin(s are made herein the ;2.3I( 9innin:s are less t5an!"# t5en t5ey :o into your taxa2le income t5us t5ey are su26ect to t5e scale,!"%Includes cash and property dividends."oes not matter if actually or constructively received.>pples to those received from:1. "omestic Corp!. ?oint Stock Company#. Insurance or mutual fund&. :e(ional 'peratin( 2@of MAC/. Share in ;art.< ?B1Con.In ;artnershipnot included yun( 7;;CsST;C# DIny other kind of capital (ains )ill be !/5>%0on-Resident ?lien B0ETC+$%If in the ;2 for an a((re(ate of more than 1G0 days F deemed doin( business in the ;2. 8ut take note of special considerations belo). So if they fall under any of the %% )hen they are ta3able the 1/5 and not the !/5 but also only on those that are mentioned there.S1ecial Considerations (or ?liensEm1loyed2y a Re:ional or ?rea !$% on GR;SS$he 1/5 ta3 is on his salary )a(es annuities compensation remuneration and other emoluments. $his provision also applied to %ilipinos occupyin( theDeadEuarter o( 80CFssame positions as the aliens in the MAC. >ny income earned from other sources in the ;hilippines shall be ta3ed accordin(ly.Em1loyed2y an ;Gs5ore Can/in: Hnit!$% on GR;SS$a3 is on the (ross income by forei(ners employed by oHshore bankin( units established here in the ;hilippines. Imposed on the same base as above. $his provision also applied to %ilipinos occupyin( the same positions as the aliens in the '8E>ny income earned from other sources in the ;hilippines shall be ta3ed accordin(ly.Em1loyed2y Petroleum Service Contractor and Su2 Contractor!$% on salary, 9a:es, annuities, com1ensation I remuneration$his contemplates that the resident is a permanent resident of a forei(n country but he is employed in the ;hilippines by a forei(n service contractor or subcontractor en(a(ed in petroleum operations in the ;hilippines. $his provision also applied to %ilipinos occupyin( the same positions as the aliens in the ;etroleum Service Contractor>ny income earned from other sources in the ;hilippines shall be ta3ed accordin(ly.Tax1ayerTax on Cor1orations B DomesticIncome GIT I,DS,TF,R Interest BEFCDIncome (rom FCDH Intercor1DividendsCG-SS CG-RP 8CITDomesticCor1orationGIT = Gross Income TaxEFCD = Expanded Foreign Currency Deposit SystemLCB = Local Commercial BankFB = Foreign Bank&"% !$% o(GrossincomeAot available no).$his can be availed of )hen:1. $a3 eHort :atio of !05of 7A;+"%Imposed upon:/. Interest from any currency bank deposit yield or monetary beneft L. "eposit substitutes and from *,$%$his is appliedto income derived by a domestic corporation from a depositary bank under the *%C"$his is the interest Exem1tJ!"%Must be transactin( )ith forei(n currency.*3empt from >66 ta3es *MC*;$: 0ET I0C;8E from such transactions as specifed by the Secretary o( Finance0;TSHCKETT; T?7ST;C# DInnuities *moluments or other f3 or determinable annual periodic orcasual (ains proft income and capital (ains received by a %C SD?LL 0;T CE TRE?TED ?S CR?CD RE8IT?0CE PR;FIT,H0LESS TDEO ?RE EFFECTI