![]() Stock ExchangeIC120 d) Prizes regardless of the amount (Corporate) 34% - 1998 IC191 5) Foreign Currency Deposit Units (FCDUs) 34% - 199833% - 1999 32% - 2000Ĭ) Capital GainsIC110 From Sale of Shares of Stock not Traded in the Local 5%, 10% IC101 3) Regional Operating Headquarters of Multinational 10%Companies IC080 2) International carriers-on gross Philippine billings 2 1/2%(Air and Shipping) IC055 9) Minimum Corporte Income Tax (MCIT) 2%ī) Resident Foreign CorporationsIC070 1) Ordinary Foreign corporation engaged in trade or 34% - 1998īusiness in the Philippines, on taxable income from 33% - 1999all sources within the Philippines 32% - 2000 IC041 8) National Government and Local Government Units Exempt(For propriety activities except public utility business) IC031 6) Non-stock, Non-profit Hospitals 10%IC040 7) Government-owned or Controlled corporations, 34% - 1998Īgencies or Instrumentalities 33% - 1999 32% - 2000 IC021 4) General Professional Partnerships ExemptIC030 5) Proprietary Educational Institutions and Hospitals 10% IC011 2) Non-Stock Non-profit OrganizationIC020 3) Partnerships, no matter how created or organized, 34% - 1998īut not including general professional, partneships, 33% - 1999 on taxable net income 32% - 2000 II130 l) Partner's distributive share from the net income of the 5% - 34%, 1998general professional partnerships 5% - 33%, 1999Ī) Domestic corporationsIC010 1) Ordinary domestic corporations on taxable income 34% - 1998 II090 h) Transportation contractors for the Carriage of Goods and 5% - 34%, 1998Merchandise below P 2,000 5% - 33%, 1999ĥ% - 32%, 2000II110 i) Interest not subject to withholding 5% - 34%, 1998 ![]() II420 2) From Sale of Real Properties (Capital Assets) 6%II051 e) Rent for Personal Property regardless of the amount 5% - 34%, 1998 II030 1) From Sale of Shares of Stock not Traded in the 5%, 10%Local Stock Exchange II041 c) Other Income (Not Compensation or Business Income or 5% - 34%, 1998Income from the Practice of Profession) 5% - 33%, 1999 II011 1) Pure CompensationII012 2) Pure BusinessII013 3) Mixed IncomeII040 b) Earnings derived by Marginal Income Earners 5% - 34%, 1998 Individual Income Taxa) On taxable compensation, business and other income 5% - 34%, 1998ĭerived by citizens, resident aliens, estates and trust, 5% - 33%, 1999non-resident aliens engaged in trade or business in the 5% - 32%, 2000Philippines HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCESDecember 31, 2004
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |