Individual Taxpayer

RESIDENT CITIZEN
NONRESIDENT CITIZEN
RESIDENT ALIEN
NONRESIDENT ALIEN ENGAGED IN THE BUSINESS
NONRESIDENT ALIEN NOT ENGAGED IN THE BUSINESS

SELF EMPLOYED OR PROFFESSIONALS

BASED ON THE SALES AND OTHER INCOME

3,000,000 BELOW

SALES 2,800,000

MORE THAN 3,000,000

TAX TABLE
TAX TABLE

BELOW 250,000
250,000-400,000
400,000-800,000
800,000 - 2,000,000
2, 000,000 - 8,000,000
More than 8,000,000

within philippines only

Capital gain tax
Based on fair market value
Whicheever is higher between assessed value and zonal value

ordinary assets
Capital assets
real property
Shares of stocks
Losses (other assets)

Subject to basic tax or taxable income

without country
personal assets
shares without philippines

Shares of stock
George sold 2000 shares of a domestic corporation in the local stock exchange at 110 per share.
The shares were purchased 3 years ago for 100 per share.
0
George sold 2000 shares of a domestic corporation directly to a buyer at 180 per shares.
The shares were acquired 6 months ago at 105 per shares

Selling price
Cost
Fair market value
Tax rate
Capital Gain tax
 WITHIN AND WITHOUT SOURCES OF INCOME TAXABLE INCOME
WITHIN SOURCES OF INCOME TAXABLE INCOME
WITHIN SOURCES OF INCOME TAXABLE INCOME
WITHIN SOURCES OF INCOME TAXABLE INCOME
WITHIN SOURCES OF INCOME GROSS INCOME

WITHIN THE PHILIPPINES ONLY

FINAL TAXES RC, NRC & RA NRA-ETB
INTEREST 20% 20%
INTEREST FOREIGN CURRENCY 15% EXEMPT NRC EXEMPT
INTEREST LONG TERM
4-5 YRS 5% 5%
3-4 YRS 12% 12%
LESS 3 YRS 20% 20%

ROYALTIES
BOOKS, MUSICAL COMPOSITION
AND LITERARY WORKS 10% 10%
OTHER ROYALTIES 20% 20%

PRIZES
Prizes exceeding 10,000 20% 20%
EXACT 10, 000 BT BT

LOTTO WNNINGS
EXACT 10, 000 EXEMPT EXEMPT
MORE THAN 10, 000 20% EXEMPT

DIVIDEND 10% 20%

GENERAL PARTNERS 10% 20%
JOINT VENTURE 10% 20%

APPLICABLE 8% TAX RATE ACCORDING SEC 116

2,800,000 - 250,000 X 8% = 204,000

EXEMPT
20% EXCESS OF 250,000 300,000 - 250,000=50,000x20%= 10,000
30,000 + 25% excess of 400,000
130,000 + 30% excess of 800,000
490,000 + 32% excess of 2,000,000
2, 410,000 + 35% excess of 8,000,000

Basic tax

6% tax rate
15% tax rate
not included to cgt and basic tax

360,000 2,000 x 180

210,000 2000x105
150,000
15%
22500
 FWTX
XABLE INCOME WITHOUT SOURCES ON INCOME ( BASIC TAX)
XABLE INCOME NOT INCLUDED WITHOUT FINAL TAXES (EXACT 10, 000 WINNINGS)
XABLE INCOME NOT INCLUDED WITHOUT FINAL TAXES (EXACT 10, 000 WINNINGS)
XABLE INCOME NOT INCLUDED WITHOUT FINAL TAXES (EXACT 10, 000 WINNINGSN)
ROSS INCOME NOT INCLUDED WITHOUT FINAL TAXES (EXACT 10, 000 WINNINGS)

NRA-NETB
25%
EXEMPT

25%
25%
25%

25%
25%

25%
25%

25%
25%

25%
25%
25%
XACT 10, 000 WINNINGS)
XACT 10, 000 WINNINGS)
XACT 10, 000 WINNINGSN)
XACT 10, 000 WINNINGS)
GROSS ESTATE
1. REAL PROPERTY
2. TANGIBLE PERSONAL PROPERTY
3. INTANGIBLE ASSET
4. CERTAIN TRANSFERS
TOTAL
LESS: ORDINARY DEDUCTION
1 ELITE
FUNERAL EXPENSES
JUDICIAL EXPENSES
LOSSES
INDEBTEDNESS OR CLAIMS AGAINST THE ESTATE
UNPAID TAXES
CLAIMS AGAINST INSOLVENT PERSONS
2. VANISHING DEDUCTION
PROPERTY RELATIONSHIP CPG
PROPERTY RELATIONSHIP ACOP
3. TRANSFER FOR PUBLIC USE (GENERALLY EXCLUSIVE)
NET COMMUNITY/EXCLUSIVE BEFORE SPECIAL DEDUCTION
LESS: SPECIAL DEDUCTION
1. STANDARD DEDUCTION (5,000,000 OR 500,000)
2. MEDICAL EXPENSES (REPEALED)
3. FAMILY HOME (10,000,000)
4. AMOUNT RECEIVE UNDER RA4917
NET ESTATE BEFORE SHARE OF THE SURVIVING SPOUSE
LESS: SHARE OF THE SURVIVING SPOUSE (1/2 OF THE NET INCOME )
NET TAXABLE ESTATE
CONJUGAL EXCLUSIVE TOTAL
XXX XXX
XXX XXX
XXX XXX
XXX XXX
XXX XXX
XXX XXX XXX

(XXX) (XXX)
(XXX) (XXX)
(XXX) (XXX)
(XXX) (XXX)
(XXX) (XXX)
(XXX) (XXX)
(XXX) (XXX)
(XXX) (XXX)
(XXX) (XXX)

XXX XXX XXX

(XXX)
0
(XXX)
(XXX)
XXX
(XXX)
XXX
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 Particulars

PARCEL OF LAND - MAKATI

PARCEL OF LAND - BALI, INDONESIA
HOUSE AND LOT (FAMILY HOME) - TAGUIG
REST HOUSE - BATANGAS
REST HOUSE - PALAWAN
REST HOUSE - MALAYSIA
CARS- PHILIPPINES
CARS - ABROAD
BPI DEPOSIT PHILIPPINE BRANCH
BBPI DEPOSIT - US BRANCH
ABN AMRO BANK (FOREIGN BANK) - PHILIPPINES BRANCH
ABN AMRO BANK (FOREIGN BANK) - LONDON BRANCH
RECEIVABLES-DEBTORS FROM PHILIPPINES
RECEIVABLES-DEBTORS FROM CANADA
SHARES OF STOCK OF DOMESTIC CORPORATIONS THE CERTIFICATES ARE STORED IN THE PHILIPPI
SHARES OF STOCK OF DOMESTIC CORPORATIONS THE CERTIFICATES ARE STORED ABROAD
SHARES OF STOCK OF FOREIGN CORPORATIONS. THE CERTIFICATES ARE STORED IN THE PHILIPPIN
SHARES OF STOCK OF FOREIGN CORPORATIONS. THE CERTICATES ARE STORED ABROAD
SHARES OF STOCK OF FOREIGN CORPORATIONS, 90% OF ITS OPERATIONS IN THE PHILIPPINES
SHARES OF STOCK OF FOREIGN CORPORATIONS, 80% OF ITS OPERATIONS INS IN THE PHILIPPINES
SHARES OF STOCK OF FOREIGN CORPORATIONS WHICH ACQUIRED BUSINESS SITUS IN THE PHILIPP
PATENTS AND COPYRIGHTS EXERCISED IN THE PHILIPPINES
PATENTS AND COPYRIGHTS EXERCISED ABROAD
 GROSS ESTATE
Situs Citizen or Resident NRA
With Reciprocity Without Reciprocity
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W/O INCLUDE EXCLUDE EXCLUDE
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W/O INCLUDE EXCLUDE EXCLUDE
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W/O INCLUDE EXCLUDE EXCLUDE
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W/O INCLUDE EXCLUDE EXCLUDE
W INCLUDE EXCLUDE INCLUDE
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W/O INCLUDE EXCLUDE EXCLUDE
DEDUCTION FROM THE GROSS ESTATE

ORDINARY DEDUCTION
1. CLAIMS AGAINST THE ESTATE
2. CLAIMS AGAINST INSOLVENT PERSONS
3. UNPAID MORTGAGES
4. INCOME TAXES AND PROPERTY TAXES
5. CASUALTY LOSSES
6. TRANSFER FOR PUBLIC USE

VANISHING DEDUCTIION

MORE THAN NOT MORE THAN

XXX 1 YEAR
1 YEAR 2 YEARS
2 YEARS 3 YEARS
3 YEARS 4 YEARS
4 YEARS 5 YEARS
5 YEARS XXX

VALUATION OF GROSS ESTATE

REAL PROPERTY @ FAIR VALUE WHICHEVER IS HIGHER BETWEEN ASSESED

PERSONAL PROPERTY @FAIR VALE AT THE TIME OF DEATH

SHARES OF STOCK UNLISTED COMMON SHARES (BOOK VALUE PER SHARES)

UNLISTED PRERENCE SHARES (PAR VALUE PER SHARES)
LISTED SHARES BASED ON THE ARITHMETIC BETWEEN TH
 SPECIAL DEDUCTION
CITIZEN AND
STANDARD DEDUCTION
FAMILY HOME
AMOUNT RECEIVED BY HEIRS UNDER RA 4917
NET SHARE OF THE SURVIVING SPOUSE

PERCENTAGE
100%
80%
60%
40%
20%
XXX

ER BETWEEN ASSESED VALUE AND ZONAL VALUE

VALUE PER SHARES)

VALUE PER SHARES)
THMETIC BETWEEN THE HIGHEST AND LOWEST QUOTATION
CIAL DEDUCTION
CITIZEN AND RESIDENT NONRESIDENT ALIEN
5000000 500000
10000000 10000000
ANY AMOUNT (GIVEN) ANY AMOUNT (GIVEN)
1/2 1/2