accounts and other investments evidenced by certificates Upon pretermination

Accounts and other investments evidenced by

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accounts and other investments evidenced by certificates Upon pretermination before the fifth year , there should be imposed on the entire income from the proceeds of the long-term deposit based on the remaining maturity thereof: Holding Period Exempt
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- Four (4) years to less than five (5) years 5% - Three (3) years to less than four (4) years 12% - Less than three (3) years 20% B. For Non-Resident Aliens Engaged in Trade or Business 1. Interest from currency deposits, trust funds and deposit substitutes 20% 2. Interest Income from long-term deposit or investment in the form of savings, common or individual trust funds, deposit substitutes, investment management accounts and other investments evidenced by certificatesUpon pretermination before the fifth year, there should be imposed on the entire income from the proceeds of the long-term deposit based on the remaining maturity thereof:Holding Period: Exempt -Four (4) years to less than five (5) years 5% -Three (3) years to less than four (4) years 12% -Less than three (3) years 20% 3. On capital gains presumed to have been realized from the sale, exchange or other disposition of real property 6% 4. On capital gains for shares of stock not traded in the Stock Exchange - Not over P100,000 5% - Any amount in excess of P100,000 10% C) For Non-Resident Aliens Not Engaged in Trade or Business 1. On the gross amount of income derived from all sources within the Philippines 25% 2. On capital gains presumed to have been realized from the exchange or other disposition of real property located in the Phils. 6% 3. On capital gains for shares of stock not traded in the Stock Exchange - Not Over P100,000 5% - Any amount in excess of P100,000 10% D) On the gross income in the Philippines of Aliens Employed by Regional Headquarters (RHQ) or Area Headquarters and Regional Operating Headquarters (ROH), Offshore Banking Units (OBUs), Petroleum Service Contractor and Subcontractor On the gross income in the Philippines of Aliens Employed by Regional Headquarters (RHQ) or Area Headquarters and Regional Operating Headquarters (ROH), Offshore Banking Units (OBUs), Petroleum Service Contractor and Subcontractor 15% E) General Professional Partnerships General Professional Partnerships 0%
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F) Domestic Corporations 1) a. In General – on net taxable income 30% b. Minimum Corporate Income Tax – on gross income 2% c. Improperly Accumulated Earnings – on improperly accumulated taxable income 10% 2) Proprietary Educational Institution and Non-profit Hospitals 10% - In general (on net taxable income) 10% - If the gross income from unrelated trade, business or other activity exceeds 50% of the total gross income from all sources 30% 4) GOCC, Agencies & Instrumentalities a. In General - on net taxable income 30% b. Minimum Corporate Income Tax – on gross income 2% c. Improperly Accumulated Earnings – on improperly accumulated taxable income 10% 5) Taxable Partnerships a. In General – on net taxable income 30% b. Minimum Corporate Income Tax – on gross income 2% c. Improperly Accumulated Earnings – on improperly accumulated taxable income 10% 6) Exempt Corporation a. On Exempt Activities 0% b. On Taxable Activities 30%
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