Final Income Tax

Question 1

FIT rate for dividends

Answer 1

10% for Individuals
20% for NRAET
25% for NRANET
30% or 15% for NRFC
Exempt - Domestic Corps & RFCs

Question 2

FIT rate for dividends from cooperatives

Answer 2

Dividends from cooperatives are exempt

Question 3

FIT rate for dividends from REIT

Answer 3

Nonresidents may claim preferential rates.
DCs, RFCs are still exempt.
Same as rate for domestic dividends

Question 4

FIT rate for JOINT Foreign Currency Deposit

Answer 4

The part of the nonresident will be exempt

Question 5

FIT rate for royalties for Individuals

Answer 5

10% for literary works and 20% for other works.

25% for royalties on cinematographic films for NRAET, NRANET and NRFC

Question 6

FIT rate on Foreign Currency Deposit

Answer 6

For domestic corporations: 15%
For individuals: 15%
For RFC: 7.5%
For nonresidents: Exempt from FIT

Question 7

FIT rate on interest income from PESO bank deposits

Answer 7

20% for corporations

20%, 12%, 5%, or 0% for individuals accd to holding period of depositf