Percentage Tax

Question 1

Interest Income, commissions and discounts from lending activities, and income from financial leasing, on the basis of remaining maturities of instruments from which the receipts were derived: Maturity period of five years or less

Answer 1

5%

Question 2

Interest Income, commissions and discounts from lending activities, and income from financial leasing, on the basis of remaining maturities of instruments from which the receipts were derived: Maturity period of more than five years

Answer 2

1%

Question 3

Dividend and equity shares in the net income of subsidiaries

Answer 3

0%

Question 4

On royalties, rentals of property, real or personal, profits from exchange and all other items treated as gross income under Section 32 of the NIRC

Answer 4

7%

Question 5

On net trading gains within the taxable year on foreign currency, debt securities, derivatives, and other similar financial instruments (RA 9337)

Answer 5

7%