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INCOME TAXPAYER
TAXABLE
INCOME
EXEMPTIONS ALLOWED
TAX RATES
PERSONAL
ADDITIONAL
DEDUCTIONS
ALLOWED
OPTIONAL
STANDARD
DEDUCTIONS
Rule: NO
Exception:
Premium Payments
on Health and/or
Hospitalization
Insurance
NO
INDIVIDUAL
Taxable compensation arising
from employer-employee
relationship- 5% - 32%
graduated rate
Income from
sources within the
Philippines
Income from
sources within the
Philippines
Income from
sources within the
Philippines
YES
YES
YES
YES
(NOTE:
Deductible first
from
compensation
income, the
excess from other
income)
YES
YES
YES
Rule: NO
Exception:
Premium Payments
on Health and/or
Hospitalization
Insurance
NO
YES
YES
YES
YES
YES
YES
Rule: NO
Exception:
Premium Payments
on Health and/or
Hospitalization
Insurance
NO
YES
YES
YES
YES
YES
condition:
reciprocity rule
NO
Rule: NO
Exception:
Premium Payments
NO
157
YES
RATE: 40% of his
gross sales or
gross receipts
158
TAXATION LAW
Income Taxation
INCOME TAXPAYER
EXEMPTIONS ALLOWED
TAXABLE
INCOME
TAX RATES
PERSONAL
ADDITIONAL
graduated rate
DEDUCTIONS
ALLOWED
OPTIONAL
STANDARD
DEDUCTIONS
on Health and/or
Hospitalization
Insurance
YES
condition:
reciprocity rule
NO
YES
NO
NO
NO
NO
NO
NO
NO
NO
NO
N/A
N/A
N/A
Income from
sources within the
Philippines
Income from
sources within the
Philippines
Interest Income
N/A
INCOME TAXPAYER
EXEMPTIONS ALLOWED
TAXABLE
INCOME
TAX RATES
2)
3)
1)
2)
NRA-ETB
3)
1)
NRA-NETB
OPTIONAL
STANDARD
DEDUCTIONS
PERSONAL
ADDITIONAL
DEDUCTIONS
ALLOWED
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
159
160
TAXATION LAW
Income Taxation
TAXABLE
INCOME
INCOME TAXPAYER
1)
RC, NRC, RA
2)
3)
Cash / Property
Dividends from
Domestic
Corporations
Share in the
distributable net
income after tax
of a business
partnership,
Share in the net
income after tax
of an
association, a
OPTIONAL
STANDARD
DEDUCTIONS
PERSONAL
ADDITIONAL
DEDUCTIONS
ALLOWED
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
NRA-NETB
NRA-ETB
EXEMPTIONS ALLOWED
TAX RATES
INCOME TAXPAYER
NRA-NETB
RC
NRC, RA
RC, NRC, RA
NRA-ETB, NRA-NETB
EXEMPTIONS ALLOWED
TAXABLE
INCOME
joint account, or
a joint venture
or consortium
taxable as a
corporation of
which he is a
member or coventurer.
Cash / Property
Dividend from
Foreign
Corporations
Cinematographic
Film and Similar
Works
OPTIONAL
STANDARD
DEDUCTIONS
PERSONAL
ADDITIONAL
DEDUCTIONS
ALLOWED
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
YES, if taxed
under NCIT
otherwise, NO
NO
NO
TAX RATES
TAX ON CORPORATIONS
1)
2)
3)
4)
Domestic Corporations (DC)
6)
N/A
N/A
Proprietary Educational
Institutions and Nonprofit Hospitals
N/A
161
N/A
162
TAXATION LAW
Income Taxation
INCOME TAXPAYER
EXEMPTIONS ALLOWED
TAXABLE
INCOME
TAX RATES
PERSONAL
ADDITIONAL
DEDUCTIONS
ALLOWED
N/A
N/A
NO
N/A
OPTIONAL
STANDARD
DEDUCTIONS
NO
2)
Depositary Banks
(FCDS)
Resident Foreign
Corporation engaged in
trade or business (RFC)
N/A
YES, if taxed
under NCIT
otherwise, NO
INCOME TAXPAYER
EXEMPTIONS ALLOWED
TAXABLE
INCOME
TAX RATES
5)
6)
PERSONAL
ADDITIONAL
DEDUCTIONS
ALLOWED
OPTIONAL
STANDARD
DEDUCTIONS
NO
NO
NO
NO
2)
3)
International Carriers
Resident Depositary
Bank (FCDU)
163
164
TAXATION LAW
Income Taxation
INCOME TAXPAYER
TAXABLE
INCOME
EXEMPTIONS ALLOWED
TAX RATES
PERSONAL
DEDUCTIONS
ALLOWED
OPTIONAL
STANDARD
DEDUCTIONS
NO
NO
NO
NO
N/A
NO
NO
ADDITIONAL
Regional or Area
Headquarters
Regional Operating
Headquarters
Non-resident Foreign
Corporation - not engaged
in trade or business (NRFC)
EXEMPT
N/A
2)
3)
Non-resident
Cinematographic Film
Owners, Lessors or
Distributors
N/A
N/A
NO
NO
Non-resident Owner or
Lessor of Vessels
Chartered by Philippine
Nationals
N/A
N/A
NO
NO
Non-resident Owner or
Lessor of Aircraft and
other Equipment
N/A
N/A
NO
NO