About this document
Tax Rates on Passive Income in the Philippines by Pamela Jean Cuya is a document available to read on EtoBox.
This document summarizes tax rates for different types of passive income received by various taxpayer classifications in the Philippines. Key points include: - Interest income is generally taxed at 20-25% for most taxpayers, except for certain long-term deposits which are exempt. - Royalties and prizes are usually subject to a 20-25% tax rate. - Dividends paid to resident citizens face a 10% tax, while those to non-resident foreign corporations are taxed at 30%. - Certain government institutions and s
- Author
- Pamela Jean Cuya
- Language
- EN