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Tax Rates Under Republic Act 8424 by Dominic Embodo is a document available to read on EtoBox.

What is Tax Rates Under Republic Act 8424 about?

This document outlines tax rates and exemptions for individual citizens and resident aliens of the Philippines according to the Tax Reform Act of 1997. It establishes income tax rates ranging from 5% to 34% depending on taxable income amount. It also sets tax rates for certain passive income such as interest, royalties, prizes and dividends. Capital gains from the sale of shares not traded on the stock exchange and from the sale of real property are taxed at rates from 5% to 10% and 6% respectively, with so

Author

Dominic Embodo

Language

EN