Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
13 Cards in this Set
- Front
- Back
|
Domestic Companies 1. Proprietary Educational Institutions 2. Non-profit Hospitals |
10% taxable net income ✔income from unrelated trade ≤ 50% of total gross income |
|
|
Domestic Companies
3. Income of FCDU of local bank under EFCDS |
Foreign currency loans to PH residents Foreign currency interbank deposits - 10% FT
Foreign currency transactions with nonresidents, OBU, local banks, branches of foreign banks - Exempt |
|
|
Domestic Companies
4. Service Con/Subcontractors - petroleum operations |
8% FT on gross income |
|
|
Domestic Companies
5. Ecozone Enterprises |
5% GIT on registered activities
3% national government 2% municipality of enterprises |
|
|
Domestic Companies
6. TIEZA Registered |
5% GIT (in lieu of all national and local taxes exc real estate tax)
1/3 city/municipality 1/3 national government 1/3 TIEZA |
|
|
Domestic Companies
7. Micro finance NGO |
5% GRT (in lieu of all national taxes) |
|
|
Resident Foreign Corporations
1. Internationa carriers doing business in PH |
2.5% of Gross Philippine Billings |
|
|
Resident Foreign Corporations
2. Offshore Banking Units (OBU) |
Foreign currency loans to PH residents Foreign currency interbank deposits - 10% FT Foreign currency transactions with nonresidents, OBU, local banks, branches of foreign banks - Exempt |
|
|
Resident Foreign Corporations 3. Regional Area Headquarters and ROHQ |
RAH : Exempt ROHQ : 10% taxable income |
|
|
Nonresident Foreign Corporations
1. Nonresident - cinematographic film |
25% gross income |
|
|
Nonresident Foreign Corporations 2. Vessels chartered by PH nationals |
4.5% gross rentals/charter fees/leases |
|
|
Nonresident Foreign Corporations 3. Owner/Lessor of aircraft, machineries, others |
7.5% gross rentals/fees |
|
|
Note: Special Corporations (DC and RFC) |
Required to use ITEMIZED DEDUCTIONS |
