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Code Tax Rate Description
WB200 0.01 Tax on sale barter or exchange of stocks listed and traded through Local Stock Exchange
WB201 4.00 Tax on shares of stocks sold or exchanged through initial and secondary public offering not over 25%
WB202 2.00 Tax on shares of stocks sold or exchanged through initial and secondary public offering over 25% but not exceeding 33 1/3%
WB203 1.00 Tax on shares of stocks sold or exchanged through initial and secondary public offering over 33 1/3%
WB301 5.00 Tax on Banks and Non-banks Financial Intermediaries Performing Quasi Banking Dunctions On interest, commissions and discounts from lending activities as well as income from financial leasing on the basis of the remaining maturities of instruments from which receipts are derived Maturity period is five years or less
WB302 1.00 Tax on Banks and Non-banks Financial Intermediaries Performing Quasi Banking Dunctions On interest, commissions and discounts from lending activities as well as income from financial leasing on the basis of the remaining maturities of instruments from which receipts are derived Maturity period is more than five years
WB102 0.00 Tax on Banks and Non-banks Financial Intermediaries Performing Quasi Banking Dunctions On dividends and equity shares and net income of subsidiaries
WB103 7.00 Tax on Banks and Non-banks Financial Intermediaries Performing Quasi Banking Dunctions On royalties, rentals of property, real or personal, profits from exchange and all other items treated as gross income under the Code
WB104 7.00 Tax on Banks and Non-banks Financial Intermediaries Performing Quasi Banking Dunctions On net trading gains within the taxable year on foreign currency, debt securities, derivatives and other similar financial instruments
WB108 5.00 Tax on Other Non-Banks Financial Intermediaries nor performing Quasi-Banking Functions On interest, commissions and discounts from lending activities as well as income from financial leasing on the basis of the remaining maturities of instruments from which such receipts are derived Maturity period is five years or less
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