Download - INCOME TAX ON INDIVIDUALS.doc

Transcript

INCOME TAX ON INDIVIDUALS

Net Income Tax

(5%-32%)Gross Income Tax (25%)Final Tax Interest, Royalties, Prizes, other Winnings (20%)Royalties on Books, Literary works, Musical Composition

(10%)Long Term Deposit Not Exceeding 5years

(5%,12%,20%)Foreign Currency Deposit

(7.5%)Dividends

(10%) from Domestic Corp., Joint-Stock Co., Regional Operating HQFinal Tax on Stocks not Traded

(5%-10%)Final Tax on Sale of Real Property

(6%) based on FMV or GSPAllowable DeductionPersonal Deduction

Resident CitizenX

Non-Resident CitizenX

Resident AlienX

Non-Resident Alien engaged in Trade or BusinessXX20%Subject to Rule on ReciprocityX

Non-Resident Alien not engaged in Trade or BusinessX25% On all Income Including Passive25% On all Income Including Passive25% On all Income Including PassiveXX25% On all Income Including PassiveXX

Special Non-Resident AlienX15% of Gross IncomeXXX