Taxes on Other Royalties and Prizes

After reading the article on creditable and final withholding taxes, we now come to a set of incomes that are treated differently.

1.) Royalties of resident citizens from sources outside the Philippines:

Form part of the gross income and subject to the regular income tax rate

2.) Prizes won by resident citizens from sources outside the Philippines:

Also part of the regular income tax

3.) Prizes won by resident citizens and foreigners:

Resident citizens: regular income tax rate

Foreigners: 30% final withholding tax