Corporation Flashcards
Tax Base and Tax Rate
Domestic Corp
30% Net Income within and without
Tax Base and Tax Rate
RFC
30% Net Income Within
Tax Base and Tax Rate
NRFC
30% Gross Income Within
Tax Base and Tax Rate
Taxable partnerships, joint venture , etc
30% Net Income within and without
Tax Base and Tax Rate
PEZA-registered
5% gross income
In lieu of local and nat’l taxes
Tax Base and Tax Rate
Proprietary educational institution and non profit hospital
10% Net income within and without
Income from unrelated business exceeds 50%
= 30%
GOCC agencies or instrumentalities
Same as those imposed upon corp engaged in similar business
Net income within and without
List of tax exempt GOCCs
GSIS SSS PHIC and local water districts
Tax Base and Tax Rate
International Carrier
2.5% inc tax. 3% bus tax
Of gross philippine billings
OBU income from:
a. Foreign currency transactions with non residents, OBU in PH, local banks
b. Foreign currency loans granted to residents
c. Any income of non resident (Ind and corp) from OBU
A. Exempt from all taxes
B. 10% final tax
C. Exempt
Tax Base and Tax Rate
On branch profit remittance
15% of total profits applied for remittance without deduction for tax component
Tax Base and Tax Rate
Regional or area headquarters of multinationals
Exempt
Tax Base and Tax Rate
Regional operating headquarters of multinationals
10% Taxable Income
Tax Base and Tax Rate
Nonresident cinematographic film owner, lessor, or distributor
25% gross inc from ph sources
Tax Base and Tax Rate
Nonresident owner or lessor of aircraft, machinery and other equip
7.5% Gross rentals or fees derived within PH
