TAX

PASSIVE INCOME
RATE

1. Interests from any currency bank deposit and yield 20%

or any other monetary benefit from deposit substitutes
and from trust funds and similar arrangements

2. Interest income received by an individual taxpayer 15%

(except a non-resident individual) from a depositary
bank under the expanded foreign currency deposit
system

3. Proceeds of pre-terminated long-term deposit or

investment in the form of savings, common or
individual trust funds, deposit substitutes, investment
management accounts and other investments
evidenced by certificates in such form as prescribed
by the Bangko Sentral ng Pilipinas (BSP) -- the final
tax shall be based on the remaining maturity of the
investment:

a. Four (4) years but less than five (5) years 5%

b. Three (3) years but less than four (4) years 12%

c. Less than three (3) years 20%

4. Royalties (except royalties on books and other 20%

literary works and musical compositions)

5. Royalties on books and other literary works and 10%

musical compositions

6. Prizes (except prizes amounting to P10,000 or less) 20%

 TAX
PASSIVE INCOME
RATE

7. Winnings (except Philippine Charity Sweepstakes 20%

and Lotto winnings amounting to P10,000 or less)

8. Cash and Property Dividends 10%

9. Capital Gains from Sale of Shares of Stock not 15%

Traded in the Stock Exchange

10. Capital Gains from sale of Real Property located 6%

in the Philippines