Practice question
For a resident citizen, what final rate applies under current Section 24(B)(2) to covered cash or property dividends from a domestic corporation?
- Twenty-five percent in every case
- Ten percent
- Zero merely because the shareholder runs a shop
- Thirty-five percent for every passive receipt
- The ordinary income-tax rate with no special rule
Legal references
- RA 12214 (CMEPA), Sections 3-4, 8 and 28, amended NIRC Sections 22, 24 and 32 and transition: https://lawphil.net/statutes/repacts/ra2025/ra_12214_2025.html
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