2Henan Key Laboratory of Big Data Analysis and Processing, Henan University, Kaifeng, China.1School of Computer and Information Engineering, Henan University, Kaifeng, China.Royalties paid to NRAETB on cinematographic films and similar worksįinal tax on interest or other payments upon tax-free covenant bonds, mortgages, deeds of trust or other obligations under Sec.Chaokun Yan 1,2, Zhihao Suo 1,2, Jianlin Wang 1,2, Ge Zhang 1,2 and Huimin Luo 1,2* On payments to non-residnet individual/foreign corporate cinematographic film owners, lessors or distributors Payments to non-resident alien not engage in trade or business within the Philippines (NRANETB) except on sale of shares in domestic corporation and real property On payments to oil exploration service contractors/sub-contractors On gross rentals, charter and other fees derived by non-resident lessor or aircraft, machineries and equipment On the gross rentals, lease and charter fees derived by non-resident owner or lessor of foreign vessels On prizes exceeding P10,000 and other winnings paid to individualsīranch profit remittance by all corporations except PEZA/SBMA/CDA registered Share of NRAETB in the distributable net income after tax of a partnership (except GPPs) of which he is a partner, or share in the net income after tax of an association, joint account or a joint venture taxable as a corporation of which he is a member or a co-venturerĭistributive share of individual partners in a taxable partnership, association, joint account or joint venture or consortiumĪll kinds of royalty payments to citizens, resident aliens and NRAETB (other than WI380 and WI341), domestic and resident foreign corporations Property dividend payment by domestic corporation to NRAETB Property dividend payment by domestic corporation to NFRCs whose countries allowed tax deemed paid credit (subject to tax sparing rule)Ĭash dividend payment by domestic corporation to non-resident alien engaged in Trade or Business within the Philippines (NRAETB) Property dividend payment by domestic corporation to citizens and resident aliens/NRFCsĬash dividend payment by domestic corporation to NFRCs whose countries allowed tax deemed paid credit (subject to tax sparing rule) Interest and other income payments on foreign currency transactions/loans payable of Foreign Currency Deposits Units (FCDUs)Ĭash dividend payment by domestic corporation to citizens and residents aliens/NRFCs Interest and other income payments on foreign currency transactions/loans payable of Offshore Banking Units (OBUs) Interest on Foreign loans payable to Non-Resident Foreign Corporation (NRFCs) □The payee is not required to file an income tax return for the particular income. Failure to withhold the tax or in case of under withholding, the deficiency tax shall be collected from payor/withholding agent. □The liability for payment of tax rests primarily on the payor as a withholding agent. □The amount of income tax withheld by the withholding agent is constituted as a full and final payment of income tax due from the payee of the said income.
0 Comments
Leave a Reply. |