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Summary of FINAL WITHOLDING TAX (FWT) on Different Taxpayers RC INTEREST INCOME from LOCAL BANKS DEPOSITS YIELD from

deposit substitutes, trust funds &other similar arrangements INTERST income from EXPANDED FOREIGN CURRENT DEP. SYSTEM Royalties Royalties on BOOKS, LITERARY WORKS & MUSICAL COMPOSITIONS PRIZES won in the Philippines P10,000 or MORE Other winnings EXCEPT: Sweepstakes & lotto winnings Cash/Property dividends received FROM DOMESTIC CORPORATION Share of partners in the distributive income of General Professional Partnership Income on TIME DEPOSITS that is PRE-TERMINATED before the fifth year: 4 yrs less than 5 20% NRC 20% RA 20% NRAe TB 20% NRAne TB 20% DC 20% RC 20% NRC 25%

20%

20%

20%

20%

20%

20%

20%

25%

7.5% 7.5% 20% 10%


except OCW & Seamen

7.5% 20% 10%

N/A 20% 10%

N/A 25% 25%

7.5% 20% 20%


Prizes won forms part of gross income Prizes won forms part of gross income

7.5% 20% 20%


Prizes won forms part of gross income Prizes won forms part of gross income

N/A 25% 25%

20% 10%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20%

20% 15%
subject to the TAX SPARING RULE

10%

10%

10%

20%

25%

Exempt

Exempt

10%

10%

10%

20%

N/A

N/A

N/A

N/A

5%

5%

5%

5%

5%

5%

3 yrs less than 4 12% 12% 12% 12% N/A 12% 12% N/A Less than 3 years 20% 20% 20% 20% 20% 20% CAPITAL GAINS 5% 5% 5% 5% 5% 5% 5% 5% if gain is if gain is if gain is if gain is if gain is if gain is if gain is if gain is from the sale of Shares of Stock NOT NOT more NOT more NOT more NOT more NOT more NOT more NOT more NOT more than than than than than than than than LISTED/TRADED in P100K P100K P100K P100K P100K P100K P100K P100K the exchanges 10% 10% 10% 10% 10% 10% 10% 10%
in excess in excess in excess in excess in excess in excess in excess in excess of P100K of P100K of P100K of P100K of P100K of P100K of P100K of P100K

CAPITAL GAINS from sale of REAL PROPERTY (capital asset)

6% 6% 6% 6% 25% 6% 6% 25% of of of of the of of the Gross Gross Gross Gross capital Gross Gross capital selling selling selling selling assets is selling selling asset is price price price price considere price price considere or or or or d an or or d an FMV FMV FMV FMV ordinary FMV FMV ordinary whicheve whicheve whicheve whicheve assets to whicheve whicheve assets to r is higher r is higher r is higher r is higher him r is higher r is higher him