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TAX 1 > TABLE LAST PAGE > Flashcards

TABLE LAST PAGE Flashcards

1
Q

Share in Net Income

A

RC 10%
NRC 10%

RA 10%
NRA ETB 20%
NRA NETB 25%

DC RIT
RFC RIT
NRFC 25%

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2
Q

ROYALTIES In general

A

RC 20%
NRC 20%

RA 20%
NRA-ETB 20%
NRA-NETB 25%

DC 20%
RFC 20%
NRFC 25%

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3
Q

Passive royalties from cinematographic films and similar works

A

RC 20%
NRC 20%

RA 20%
NRA-ETB 25%
NRA-NETB 25%

DC 20%
RFC 20%
NRFC 25% (sa book blank lang)

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4
Q

Passive royalties from books, literary works and musical compositions

A

RC 10%
NRC 10%

RA 10%
NRA-ETB 10%
NRA-NETB 25%

DC 20%
RFC 20%
NRFC 25%

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5
Q

Active royalties

A

RC RIT
NRC RIT

RA RIT
NRA-ETB RIT
NRA-NETB 25%

DC RIT
RFC RIT
NRFC 25%

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6
Q

Prizes 10,000 and below

A

RC RIT
NRC RIT

RA RIT
NRA-ETB RIT
NRA-NETB 25%

DC RIT
RFC RIT
NRFC 25%

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7
Q

Prizes Above 10,000

A

RC 20%
NRC 20%

RA 20%
NRA-ETB 20%
NRA-NETB 25%

DC RIT
RFC RIT
NRFC 25%

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8
Q

Winnings In general

A

RC 20%
NRC 20%

RA 20%
NRA-ETB 20%
NRA-NETB 25%

DC RIT
RFC RIT
NRFC 25%

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9
Q

Winnings
PCSO & lotto winnings >10,000

A

RC 20%
NRC 20%

RA 20%
NRA-ETB 20%
NRA-NETB 25%

DC 20%
RFC 20%
NRFC 25%

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10
Q

Winnings
PCSO& lotto winnings lower or equal to 10,000

A

RC Exempt
NRC Exempt

RA Exempt
NRA-ETB Exempt
NRA-NETB 25%

DC Exempt
RFC Exempt
NRFC 25%

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11
Q

INFORMER’S TAX REWARD

A

10%
or
1 mil
whichever is LOWER

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12
Q

Interest Income on Local Currency Deposit (short term)

A

RC 20%
NRC 20%

RA 20%
NRA-ETB 20%
NRA-NETB 25%

DC 20%
RFC 20%
NRFC 25%

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13
Q

Interest Income on Local Currency Deposit (long-term)

A

RC Exempt
NRC Exempt

RA Exempt
NRA-ETB Exempt
NRA-NETB 25%

DC 20%
RFC 20%
NRFC 25%

ALL INDIVIDUALS EXEMPT

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14
Q

Pre termination of interest rate (less than 3 years)

A

20%

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15
Q

Pre termination of interest rate (3 to less than 4 years)

A

12%

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16
Q

Pre termination of interest rate (4 to less than 5 years)

A

5%

17
Q

Foreign Currency deposit (Interest income from FCDUs/EFCDUs)

A

RC 15%
NRC Exempt

RA 15%
NRA-ETB Exempt
NRA-NETB Exempt

DC 15%
RFC 15%
NRFC Exempt

ALL RESIDENTS 15% and ALL NON RESIDENTS EXEMPT

18
Q

Foreign Currency Deposit (Interest income of FCDUs/EFCDUs)

A

RC 10%
NRC Exempt

RA 10%
NRA-ETB Exempt
NRA-NETB Exempt

DC 10%
RFC 10%
NRFC Exempt

ALL RESIDENTS 10% and ALL NON RESIDENTS EXEMPT

19
Q

Foreign Currency Deposits ( Interest income on foreign loans)

A

RC N/A
NRC N/A

RA N/A
NRA-ETB N/A
NRA-NETB 25%

DC N/A
RFC N/A
NRFC 20%

20
Q

Tax-free covenant bonds

A

RC 30%
NRC 30%

RA 30%
NRA-ETB 30%
NRA-NETB 30%

DC RIT
RFC RIT
NRFC 25%

21
Q

Dividend Income (From domestic corporations, in general)

A

RC 10%
NRC 10%

RA 10%
NRA-ETB 20%
NRA-NETB 25%

DC Exempt
RFC Exempt
NRFC 15%*

22
Q

Dividend Income (From real estate investment trust or REIT)

A

RC 10%
NRC Exempt

RA 10%
NRA-ETB <10%^
NRA-NETB <10%^

DC Exempt
RFC Exempt
NRFC <10%^

23
Q

Dividend Income (From Foreign Corporations)

A

ALL RIT

TAX 1 (6 decks)

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