Alphanumberic Tax Codes

HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES December 31, 2004 KIND OF TAXES/IMPOSITIO TAXES/IMPOSITIONS NS

ATC I.

TAX RATES

TAX ON INCOME A.

Taxes Paid upon Filing 1.

Indi Indivi vidu dual al Inco Income me Tax Tax a) On taxable compensation, business and other income derived by citizens, resident aliens, estates and trust, non-resident aliens engaged in trade or bu business in the

5% - 34%, 1998 5% - 33%, 1999 5% - 32 32%, 20 2000

Philippines 1) Pu Pure Compensation 2) Pu Pure Business

II011 II012 II013 II040

b)

II041

c)

3) Mi Mixed Income Earnings derived by Marginal Income Earners

5% - 34%, 1998

Other Income (Not Compensation or Business Income or

5% - 33%, 1999 5% - 32%, 2000 5% - 34%, 1998

Income from the Practice of Profession)

5% - 33%, 1999 5% - 32%, 2000

d) II030 II420

On Ca Capital ital Gains ains 1) From Sale of Shares of Stock not Traded in the 2)

II051

e)

II060

f)

Local Stock Exchange From Sale of Real Properties (Capital Assets)

5%, 10% 6%

Rent for Personal Pr Property regardless of the amount

5% - 34%, 1998

Premium and Annuity

5% - 33%, 1999 5% - 32%, 2000 5% - 34%, 1998 5% - 33%, 1999 5% - 32%, 2000

II070

g)

Pensions

II090

h)

Transportation contractors for the Carriage of Goods and Merchandise below P 2,000

II110

i)

Interest not subject to withholding

5% - 34%, 1998 5% - 33%, 1999 5% - 32%, 2000 5% - 34%, 1998 5% - 33%, 1999 5% - 32%, 2000 5% - 34%, 1998 5% - 33%, 1999 5% - 32%, 2000

II120

j)

Prizes amounting to P10,000 or less

II080

k)

Other Fixed and Determinable Gains, Profit and Loss

II130

l)

Partner's distributive share from the net income of the general professional partnerships

2.

5% - 34%, 1998 5% - 33%, 1999 5% - 32%, 2000 5% - 34%, 1998 5% - 33%, 1999 5% - 32%, 2000 5% - 34%, 1998 5% - 33%, 1999 5% - 32%, 2000

Corp Corpor orat ate e Inco Income me Tax Tax a) Domestic corporations

IC010

1)

Ordinary domestic corporations on taxable income

IC011 IC020

2) 3)

Non-Stock Non-profit Organization Partnerships, no matter how created or organized,

34% - 1998

IC021

4)

but not including general professional, partneships, on taxable net income General Professional Partnerships

33% - 1999 32% - 2000 Exempt

IC030

5)

Proprietary Educational Institutions and Hospitals

IC031 IC040

6) 7)

Non-stock, Non-profit Hospitals Government-owned or Controlled corporations, Agencies or or Instrumentalities Instrumentalities

IC041

8)

National Government and Local Government Units

IC055

9)

Minimum Corporte Income Tax (MCIT)

34% - 1998 33% - 1999 32% - 2000

10% 34% - 1998 33% - 1999 32% - 2000 10% 34% - 1998 33% - 1999 32% - 2000 Exempt

(For propriety activities except public utility business) business) 2%

HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES December 31, 2004 KIND OF TAXES/IMPOSITIONS

ATC b) IC070

TAX RATES

Resident Foreign Corporations 1)

IC080

2)

IC101

3)

IC190

4)

Ordinary Foreign corporation engaged in trade or

34% - 1998

business in the Philippines, on taxable income from all sources within the Philippines International carriers-on gross Philippine billings (Air and Shipping)

33% - 1999 32% - 2000 2 1/2%

Regional Operating Headquarters of Multinational Companies Offshore Banking Units (OBUs)

10% 34% - 1998 33% - 1999 32% - 2000

IC191

5)

c)

Capital Gains

d)

From Sale of Shares of Stock not Traded in the Local Stock Exchange Prizes regardless of the amount (Corporate)

IC110 IC120

Foreign Currency Deposit Units (FCDUs)

34% - 1998 33% - 1999 32% - 2000 5%, 10% 34% - 1998 33% - 1999 32% - 2000

IC130

e)

IC140

f)

Rent for Personal Property regardless of the amount

34% - 1998

Premium and Annuity

33% - 1999 32% - 2000 34% - 1998 33% - 1999 32% - 2000

IC160

g)

Transportation contractors for the Carriage of Goods and Merchandise below P 2,000

IC170

h)

Interest not subject to withholding tax

IC370

i)

On improperly accumulated earnings tax

IC150

j)

Other Fixed and Determinable Gains, Profit and Loss

IC200

k)

PEZA Free Port Zones (ECOZONE Enterprises)

34% - 1998 33% - 1999 32% - 2000 34% - 1998 33% - 1999 32% - 2000 10% 34% - 1998 33% - 1999 32% - 2000 3% - National Gov't Share 2% - Local Gov't Share

B. WW010

Taxes Withheld 1. Withholding Tax on Compensation 2.

Withholding Tax at Source a) Subject to creditable withholding tax 1) Professional/talent fees paid to individual i) Professionals (lawyers, CPAs, engineers, etc.);

WI010

-

If the current year’s gross income is P 720,000 and below

10%

WI011

-

If the currents year’s gross income exceeds P 720,000

15%

ii)

Professional talent fees paid to juridical persons

WC010

-


10%

WC011

-


15%

iii)

WI020 WI021

Professional entertainers such as, but not limited to actors and actresses, singers, lyricist, composers, emcees - If the current year’s gross income is P 720,000 and below -

iv)


10% 15%

Professional athletes including basketball players, pelotaris and jockeys;

WI030

-


10%

WI031

-


15%


ATC

v)

TAX RATES

Movie, stage, radio, television and musical directors

WI040

-


10%

WI041

-


15%

vi) Management and technical consultants; - If the current year’s gross income is P 720,000 and below

WC050 WC051

vii)

WI060 WI061


Business and bookkeeping agents and agencies - If the current year’s gross income is P 720,000 and below -


viii) Insurance agents and insurance adjusters - If the current year’s gross income is P 720,000 and below

WI070 WI071

ix)

WI080 WI081

Other recipients of talent fees - If the current year’s gross income is P 720,000 and below -

x)



10% 15%

10% 15%

10% 15%

10% 15%

Fees of directors who are not employees of the company

WI090

-


10%

WI091

-


15%

2)

Rentals- on gross for the continued use or posession of real property, personal properties, poles, satellites& transmission facilities, and billiboards used in business which the payor or obligator has not taken or is taking title, or in which

WI100 WC100 3)

WI110 WC110 4) WI120 WC120 WI130

5) 6)

has no equity i) Individual ii) Corporate Cinematographic film rentals and other payments to resident individuals and corporate cinematographic film owners, lessors or distributors i) Individual ii) Corporate Income payments to certain contractors, on gross payments i) Individual ii) Corporate Income distribution to beneficiaries of estates and trusts Gross commission or service fees of custom, insurance, stock, real estate, immigration and commercial brokers &

5% 5%

5% 5%

1% 1% 15%

fees of agents of professional entertainers WI140 WC140 WI141

i) 7)

8)

Individual

ii) Corporate Payments to medical practitioners through a duly registered professional partnership for the practice of the medical profession Payments for medical/dental/veterinary services thru Hospitals/ Clinics/Health Maintenance Organizations, including direct payments to service providers

WI151

i)

WI150

ii)

if the current year's income payments for the medical/dent al/veteri nary services is P 720,000 and below if the current year's income payments for the medical/dental/veterinary services is exceed P 720,000

10% 10% 10%

10%

10%

15%


ATC 9)

TAX RATES

Payment to partners in general professional partnerships

WI152

i)

if the current year's income payments for the partnesr is P 720,000 and below

10%

WI153

ii)

if the current year's income payments for the partner exceed P 720,000

15%

10) Sale, exchange or transfer of real property other than capital assets, sold by an individual, corp., estate, trust WI555 WI556

i)

WI557 WI558 WC555

ii)

individual

corporate

1.5% 3% 5% 6% 1.5%

WC556

3%

WC557 WC558

5% 6% 11) Income payments made by credit card companies

WI156 WC156

i) individual ii) corporate 12) Income payments made by the government to its local/ resident suppliers of goods and services i)

WI640 WI157 ii) WC640 WC157

individual - Supplier of Goods - Supplier of Services corporate

- Supplier of Goods - Supplier of Services 13) Income payments made by top 10,000 private

1/2% of 1% 1/2% of 1%

1% 2% 1% 2%

their local/resident suppliers of goods WI158

i) individual ii) corporate 14) Income payments made by top 10,000 private their local/resident suppliers of services

WC158

WI160

i)

WC160

individual

ii) corporate 15) Additional income payments to gov't. personnel

WI159

1% 1%

2% 2% 15%

from importers, shipping and airline companies or their agents for overtime services 16) Commission, rebates, discounts and other similar considerations paid/granted to independent and/or sales representatives and marketing agents and subagents of companies WI515 WC515 WI530

i) individual ii) corporate 17) Gross payments to embalmers by funeral parlors 18) Payments made by pre-need companies to funeral parlors i) individual ii) corporate 19) Tolling fee paid to refineries

WI535 WC535 WI540 WC540

i) individual ii) corporate 20) Income payments made to suppliers of Agricultural

WI610

i)

WC610

individual

ii) corporate 21) Income payments on purchases of minerals, mineral products and quarry resources

WI630 WC630

i) ii) b)

individual corporate

10% 10% 1%

1% 1% 5% 5% 1% 1%

1% 1%

Subject to final withholding tax 1) On interest from bank deposits and yield or any other monetary benefits from deposit subtitutes, trust fund or similar arrangements: i)

WI161

From bank deposits - Individual

20%


ATC WC161

-

Corporate

ii)

From Treasury Bills and Other Government

iii)

Securities - Individual - Corporate From deposit substitutes, trusts funds and other

WI162 WC162

similar arrangements - Individual - Corporate

WI163 WC163 2) WI170

On foreign currency deposits - Resident-Individual

TAX RATES 20%

20% 20%

20% 20% 7.5%

WC170 WC180

3)

- Resident-Corporate On interest on foreign currency loans payable to non-resident foreign corporations

7.5% 20%

WC190

4)

Interest on income and other income on foreign

10%

WC191

5) 6)

currency transactions/loans payable to OBUs Withholding Tax on Income Payment to FCDUs On dividend payments of domestic corporation to

10%

i) citizens or resident aliens

6% - 1998 8% - 1999 10% - 2000 & thereafter

WI202 WI203

- cash - property ii) non-resident foreign corporations

34% - 1998 33% - 1999 32% - 2000 & thereafter

WC212 WC213

-

cash property

iii) non-resident foreign corporations whose countries allow tax-deemed paid credit of 20% for 1997, 19% for 1998 18% for 1999, & 17% thereafter (subject to tax sparing rule) - cash

WC222 WC223

- property iv) non-resident alien engaged in trade or business (NRAETB) - cash

WI224 WI225 WI226

- property v) share of a non-resident alien (NRA) individual in the distributable net income after tax of a partnership (except a GPP) of which he is a partner, or the share of NRA individual in the net

15% 15%

20% 20% 20%

income after tax of an association, a joint account, or joint venture taxable as a corporation of which he is a member or a coventurer WC230

7)

On payments to non-resident foreign corporation not engage in trade or business in the Philippines

WI240

8)

On profit share of individual partners in a taxable partnerships, association, a joint account, or a joint venture or consortium

WI250

9)

Other royalties paid to citizens, resident aliens and non-resident aliens engaged in trade or business in the Philippines

34% - 1998 33% - 1999 32% - 2000 & thereafter 6% - 1998 8% - 1999 10% - 2000 & thereafter 20% 20%

HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES December 31, 2004 ATC WC250

KIND OF TAXES/IMPOSITIONS 10) On royalties paid to domestic and resident foreign

TAX RATES 20%

corporation (juridical persons) WI260 WC280

WC290 WC300

WI310

11) On prizes exceeding P10,000 and other winnings paid to citizens, resident aliens and NRAETB 12) On branch profits remittances by all corporations except PEZA/SBMA/CDA registered 13) On gross rentals, lease or charter fees payable to non-resident owner or lessor of i) vessels ii) aircraft, machineries, and other equipment 14) On payments to oil exploration service contractors and subcontractors (OESS) i) individual (non-resident alien individual engaged in trade or business in the Philippines)

WC310 WI320

ii) corporate (non-resident foreign corporate engage in trade or business in the Philippines) 15) On payments to alien individual employed by OBUs, Foreign Petroleum Service Contractors and

20% 15%

4.5% 7.5%

8% 8% 15%

Subcontactors by, Regional or Area Headquarters and Regional Operating Headquarters of multinational companies including its Filipino employees occupying WI330

the same position 16) On payments to non-resident alien individuals not engaged in trade or business w/in the Philippines

25%

(dividends, royalties, etc.) 17) On payments to non-resident cinematographic film WI340 WC340 WI341

owner, lessor or distributor - individual (non-resident alien individual engaged in trade or business in the Philippines) - corporate (non-resident foreign corporate engaged in trade or business in the Philippines) 18) On royalties paid to non-resident alien engaged in trade or business (NRAETB) on cinematographic

25% 25% 25%

films and similar works 19) Other income subject to final withholding tax (On interest or other payments in tax-free covenant, bonds, mortgages, deeds of trust or other WI 350 WC350 WI380

obligations) - Individual - Corporate 20) On royalties paid to citizens, resident aliens and nonresident alien engaged in trade or business

30% 30% 10%

(NRAETB) on books, other literary works and musical composition 21) Informer's Reward to Persons Instrumental in the Discovery of Violations of the NIRC and in the WI410 WC410 WC390

Discovery and Seizure of Smuggled Goods - Individual - Corporate (juridical persons) 22) On interest payments to taxpayers enjoying preferential tax rates (i.e. PEZA Registered

10% of the reward 10% of the reward 5%

Enterprises) 23) On interest income from long-term deposit in the form of savings trust funds, deposit substitutes which was pre-terminated by the holder before the 5th year WI440 WI441 WI442 WC440 WI450 WC450

-

individual

corporate 24) Income Payments on Capital Gains Tax - On sale/exchange or other disposition of real Individual -

On the sale/exchange or other disposition of land building - Corporate

20% 12% 5% 20% 6% 6%


ATC

TAX RATES

25) On Fringe Benefits Paid to Employees Other than Rank and File WF320

i)

On Payments to alien individual employed by: - Regional or Area Headquarters and Regional Operating Headquarters of multinational companies -

15%

OBUx of a foreign bank established in the Philippines Foreign Petroleum Service Contractors and Subcontractors engaged in petroleum operations in the Philippines

-

WF330

WF360

Filipinos therein employed occupying the same position as those occupied by the alien employee

ii)

On payments to non-resident alien individuals

25%

iii)

not engaged in trade or business in the Philippines On Payments to employees (except rank and

34% - 1998

file) of fringe benefits based on the grossed up monetary value II. ES010 DN010

TAX ON TRANSFERS OF PROPERTY A. B.

III.

33% - 1999 32% - 2000 & thereafter

Estate Tax Donor's Tax

5% - 20% 2% -15% (relative-donee) 30% (stranger-donee)

VALUE-ADDED TAXES A. On manufacturing

VM010 VM020

1. In General 2. Food, Products & Beverages

10% 10%

VM030 VM040 VM050 VM100 VM110

3. 4. 5. 6. 7.

Cement Tobacco Flour Pesticides Alcohol

10% 10% 10% 10% 10%

VM120 VM130

8. Petroleum 9. Automobiles

10% 10%

VM140 VM150 VM160 VC010 VD010 VQ010 VT010 VS010

10. Non Essentials (Exciseable) 11. Pharmaceuticals B. C. D. E. F. G.

VB010 VB100 VB101 VB102

12. Sugar On construction Compulsory Social Security Public Administration and Defense Mining and Quarrying On wholesale and retail trade

10% 10% 10% 10% 10%

On storage and warehousing On business services 1. In general 2. Hotels, Motels, etc.

10%

3. Restaurants, caterers 4. Dealers on securities/lending investors 5. Operators of common carriers with respect to transport cargo: a) land based (road freight) b) domestic ocean-going vessel

VB105 VB106 VB107 VB108

10% 10%

c) inter-island shipping vessel d) aircraft 6. Franchise Holders:

10% 10% 10% 10% 10% 10% 10% 10%

VB109

a)

telephone/telegraph

10%

VB111

b)

radio/television broadcasting whose annual gross receipts of the preceding year exceed P10,000,000

10%

VB112 VB113

c) other franchises 7. Non-life insurance companies 8. Property

VP100 VP101 VP102

a) b) c)

sale of real property lease of real property sale/lease of intangible property

10% 10% 10% 10% 10%

VH010

H.

On community, personal & household services

10%

VI010

I.

On importation of goods

10%


ATC VS062

J.

On services rendered by persons engaged in the practice of

TAX RATES 10%

profession or calling and professional services rendered by VS210

K.

VS111

L.

general professional partnerships. On services rendered by stock, real estate, commericial, customs, insurance and immigration brokers On services rendered by banks, non-bank financial intermediaries,

M.

finance companies and other financial intermediaries not performing quasi-banking functions Withholding of Creditable VAT

WV010

1.

Government Money Payments a) On Purchase of Goods

WV020 WV030 WV040

b) c) d)

On Services Rendered by Contractors Government Public Work Contractors Lease or use of properties or property rights to

10% 10%

3% 6% 8.5% 10%

non-resident owners WV050

2.

Lease or use of properties or property rights to non-resident owners (private) PERCENTAGE TAXES

10%

PT010 PT040

A. B.

Tax on persons exempt from value-added tax (VAT) Tax on domestic carriers and keepers of garages

3% 3%

PT041

C.

Percentage Tax on International Carriers

3%

D.

Tax on franchises 1. On gross payments to electric, gas and water utilities 2. Tax on Franchises on radio and/or television broadcasting

2% 3%

IV.

PT060 PT070

companies whose annual gross receipt of the preceding year does not exceed P10,000,000 PT090

E.

Tax on overseas dispatch, message or conversation originating from the Philippines

F.

Tax on banks and non-bank financial intermediaries 1. On interest, commissions and discounts paid to banks and non-bank financial intermediaries arising out of lending activities as well as financial leasing, on the basis of the remaining maturities of the instrument

PT101

PT102 PT103

2. 3. G.

On dividends On royalties, rentals of property, real or personal, profits

5%,3%,1%,0%

0% 5%

from exchange and all other gross income Tax on finance companies

PT111

1.

PT112

2.

PT120

leasing based on the remaining maturities of the instruments Tax on life insurance premiums Tax on agents of foreign insurance companies

H. I.

10%

On interest, discounts and other items of gross income paid to finance companies and other financial intermediaries not performing quasi-banking functions On interest, commissions and discounts paid from their loan transactions from finance companies as well as financial

5%

5%,3%,1%,0%

5%

PT130

10%

PT131 PT132

5% 5%

J.

PT140

Owners of Property Obtaining Insurance Directly with Foreign Insurance Companies Amusement taxes 1. cockpits

18%

PT150 PT160 PT170

2. 3. 4.

cabarets, night or day clubs boxing exhibitions professional basketball games

18% 10% 15%

PT180

5.

Jai-Alai & race tracks

30%

K.

L. PT200 PT201 PT202 PT210

M. N.

WB030

Tax on sale, barter or exchange of shares of stock 1. Listed and traded through the local stock exchange 2. Sale or exchange through initial public offering 3. Exchange through secondary public offering On services rendered by stock, real estate, commercial customs, insurance and immigration brokers Withholding tax on Business 1. Tax on carriers and keepers of garages

1/2 of 1% 1%,2%,4% 1%,2%,4% 7%

3%


ATC 2.

TAX RATES

Tax on franchises

WB040

a)

On electric utilities, gas and water supplies

2%

WB050

b)

Tax on Franchises on radio and/or television broadcasting companies whose annual gross receipt of the preceding year does not exceed P10,000,000

3%

WB070

3.

Tax on life insurance premiums

WB080 WB090

4. 5.

Person exempt from VAT under Sec. 109(Z) Tax on overseas dispatch, message or conversation originating from the Philippines

6.

Tax on banks and non-bank financial intermediaries a) On interest, commissions and discounts paid to banks

5% 3% 10%

and non-bank financial intermediaries arising out of lending activities as well as financial leasing, on basis of the remaining maturities of the instrument WB301

1) Short term maturity (not in excess of 2yrs.)

5%

WB302 WB303 WB304

2) Medium term maturity (over 2yrs- 4yrs.) 3) Long term maturity (over 4yrs- 7yrs.) 4) Over 7 yrs.

3% 1% 0%

WB102 WB103

b) c)

On dividends On royalties, rentals of property, real or personal, profits

0% 5%

from exchange and all other gross income 7. WB111

Tax on finance companies a) On interest, discounts and other items of gross income paid to finance companies and other financial b)

5%

intermediaries not performing quasi- banking functions On interest, commissions and discounts paid from their loan transactions from finance companies as well as financial leasing based on the remaining maturities of the instruments 1) Short term maturity (not in excess of 2yrs.) 2) Medium term maturity (over 2yrs- 4yrs.) 3) Long term maturity (over 4yrs- 7yrs.) 4) Over 7 yrs.

WB311 WB312 WB313 WB314 WB120

8.

Tax on agents of foreign insurance companies a) Premium paid to insurance agents; not authorized

WB121

b)

WB130

9. Percentage Tax on International Carriers 10. Amusement taxes a) cockpits b) cabarets, night or day clubs c) boxing exhibitions

WB140 WB150 WB160 WB170 WB180

d) professional basketball games e) Jai-Alai & race tracks 11. Tax on winnings and prizes paid by racetrack operators a) Government withholding agent

WB191 WB192 WB193 WB194

b) Government withholding agent c) Private withholding agent d) Private withholding agent 12. Tax on sale, barter or exchange of shares of stock a) Listed and traded through the local stock exchange

WB200

b) WB201 WB202 WB203

XA020

Sale or exchange through initial and public offering 1) not over 25% 2) over 25% but not exceeding 33 1/3% 3) over 33 1/3%

V. XA010

Premium payments obtained directly w/ foreign companies; owner of the property

EXCISE TAXES A. Alcohol 1. Distilled spirits produced from the sap of nipa, coconut, cassava, camote or buri palm or from the juice, syrup or sugar of the cane, provided such materials are produced

2.

commercially in the country where they are processed into distilled spirits. Distilled spirits produced in a pot still or other similar primary distilling apparatus producing not more than one hundred (100) liters a day; containing not more than fifty percent (50%) of alcohol by volume.

5% 3% 1% 0% 10% 5% 3% 18% 18% 10% 15% 30% 4%, 10% 4% 10% 4% 10% 1/2 of 1% 4% 2% 1%

P8.96/proof liter

P4.48/proof liter


ATC 3.

TAX RATES

Distilled spirits from raw materials other than the sap of nipa, coconut, cassava, camote, or buri palm or from the juice, syrup, or sugar of the cane; the tax shall be levied in accordance w/ the net retail price per bottle of 750 ml volume capacity (excluding the excise tax & the VAT) as follows: a) less than P250 b) P250 up to P675 more than P675 c)

P84/proof liter P168/proof liter P336/proof liter

4.

Medicinal preparations, flavoring extracts and all other preparations where distilled spirits form the chief ingredient

tax as distilled spirits

5.

Beer, lager beer, ale, porter and other fermented liquor except tuba, basi, tapuy and similar domestic fermented liquors with net retail price per liter of volume capacity (excluding

XA031 XA032 XA033 XA040

excise tax and VAT) a) less than P14.50 b) P14.50 up to P22 more than P22 c)

XA051 XA052 XA053 6. XA061

Sparkling wines/champagne regardless of proof if the net retail price per bottle (excluding the excise tax and the VAT) is: a) P500 or less

XA062

b)

more than P500

XA070

7.

Still wines containing 14% of alcohol by volume or less

XA080

8.

Still wines containing more than 14% but not more than 25% of alcohol by volume

XA090

9.

Fortified wines containing more than 25% of alcohol by volume

B. XT010 XT020

Tobacco 1. Smoking tobacco and other partially manufactured tobacco 2. Chewing tobacco

XT030 XT040

3. 4.

Cigars Cigarettes packed by hand

XT050

5.

Cigarettes packed by machine, with net retail price (excluding the excise tax and the VAT) of more than P10 per pack

XT060

6.

Cigarettes packed by machine, with net retail price (excluding the excise tax & the VAT) of more than P6.50 but does not

P6.89/liter P10.25/liter P13.61/liter

P112/ liter of volume capacity P336/liter of volume capacity P13.44/liter of volume capacity P26.88/liter of volume capacity tax as distilled spirits P0.75/kg P0.60/kg P1.12/cigar P0.40/pack P13.44/pack P8.96/pack

exceed P10 per pack XT070

7.

Cigarettes packed by machine, with net retail price (excluding the excise tax & the VAT) of P5 but does not

P5.60/pack

exceed P6.50 per pack XT130

8.

Cigarettes packed by machine, with net retail price (excluding the excise tax and the VAT) of less than P5 per

XT080 XT090 XT100 XT110

9. Tobacco inspection fee for each thousand cigars 10. Tobacco inspection fee for each thousand cigarettes 11. Tobacco inspection fee per kg of leaf tobacco or fraction thereof 12. Tobacco inspection fee per kg of scraps and other

XT120

manufactured tobacco products 13. Add'l imported blending tobacco inspection and monitoring fee

P1.12/pack

pack P0.50 P0.10 P0.02 P0.03 leaf - 2 cent./kilo partially manufacture (scrap & strips) 3 cent./kilo C. XP010 XP020 XP030

Petroleum Products 1. Lubricating oils 2. Greases 3. Processed gas

XP040 XP050

4. 5.

Waxes and petrolatum Denatured alcohol used for motive power

XP060

6.

Unleaded Premium Gasoline

XP070 XP080

7. 8.

Leaded Premium gasoline Regular gasoline and other similar products of distillation

P4.50/L P4.50/kg P0.05/Liter of volume capacity P3.50/kg P0.05/L P4.35/L P5.35/L P4.80/L


ATC XP090

9.

XP100

10. Naphtha to be used as raw materials for petro-chemicals or as

Naphtha and other similar products of distillation

XP110 XP120

replacement fuel for natural-gas-fined-combined cycle power plant 11. Aviation gasoline 12. Aviation turbo jet fuel

XP130 XP131 XP140

13. Kerosene 14. Kerosene used as aviation fuel 15. Diesel fuel and similar fuel oils having more or less the same

XP150

generating power 16. Liquefied petroleum gas used for motive power

XP160 XP170 XP180

17. Liquefied petroleum gas 18. Asphalts 19. Bunker fuel oil, and on similar fuel oils having more or less the

TAX RATES P4.80/L P0.00/L

P4.80/L P3.67/L P0.60/L P3.67/L P1.63/L P1.63/L P0.00/L P0.56/kg P0.30/L

same generating power XP190

20. Basestocks for lube oils and greases, high vacuum distillates, aromatic extracts and other similar preparations, and additives for lubricating oils and greases whether such additives are D.

XG021 XG022 XG023

XG024

petroleum based or not. Miscellaneous Articles and Non-essential Goods 1. Passenger cars with net manufacturer’s/importer’s selling price of up to P 600,000 2. Passenger cars with net manufacturer’s/importer’s selling price of over P 600,000 to P 1.1 million 3. Passenger cars with net manufacturer’s/importer’s selling price of over P 1.1 million to P 2.1 million 4.

Passenger cars with net manufacturer’s/importer’s selling price of over P 2.1 million

P4.50/L for lubricating oils P4.50/kg for greases

2% P12,000 plus 20% of the value in excess of P600,000 P112,000 plus 40% of the value in excess of P1,100,000 P512,000 plus 60% of the value in excess of P2,100,000

XG031

5.

XG032

6.

XG033

7.

Utility vehicles with net manufacturer’s/importer’s selling price

2%

up to P 600,000 Utility vehicles with net manufacturer’s/importer’s selling price of over P 600,000 to P 1.1 million Utility vehicles with net manufacturer’s/importer’s selling price of over P 1.1 million to P 2.1 million

P12,000 plus 20% of the value in excess of P600,000 P112,000 plus 40% of the value in excess of P1,100,000

XG034

8.

Utility vehicles with net manufacturer’s/importer’s selling price of over P 2.1 million

P512,000 plus 60% of the value in excess of P2,100,000

XG041

9.

Passenger vans with net manufacturer’s/importer’s selling

XG042

10. Passenger vans with net manufacturer’s/importer’s selling

XG043

11. Passenger vans with net manufacturer’s/importer’s selling

2%

price of up to P 600,000 price of over P 600,000 to P 1.1 million price of over P 1.1 million to P 2.1 million


XG044

12. Passenger vans with net manufacturer’s/importer’s selling price of over P 2.1 million


XG051

13. Pick-ups with net manufacturer’s/importer’s selling price of up

XG052

14. Pick-ups with net manufacturer’s/importer’s selling price of

XG053

15. Pick-ups with net manufacturer’s/importer’s selling price of

2%

to P 600,000 over P 600,000 to P 1.1 million over P 1.1 million to P 2.1 million


XG054

16. Pick-ups with net manufacturer’s/importer’s selling price of over P 2.1 million


XG061

17. Others with net manufacturer’s/importer’s selling price of up to

2%

P 600,000 XG062

18. Others with net manufacturer’s/importer’s selling price of over P 600,000 to P 1.1 million

P12,000 plus 20% of the value in excess of P600,000


ATC XG063

19. Others with net manufacturer’s/importer’s selling price of over P 1.1 million to P 2.1 million

TAX RATES P112,000 plus 40% of the value in excess of P1,100,000

XG064

20. Others with net manufacturer’s/importer’s selling price of over P 2.1 million

XG100

21. Jewelry whether real or imitation, pearls, precious and

20%

XG110

semi-precious stones, and imitations thereof; goods made of or ornamented mounted or fitted with precious metals or imitations thereof or ivory; opera glasses and lorgnettes. 22. Perfumes and toilet waters

20%

23. Yachts and other vessels intended for pleasure or sports

20%

XG120 E.


Mineral and Mineral Products

XM010 XM020 XM030

1. 2. 3.

Coal and coke Non-metallic minerals and quarry resources Gold and chromite

P10.00/mt

XM040 XM050 XM051

4. Copper and other metallic minerals 5. Indigenous petroleum Locally extracted natural gas and liquefied natural gas

1%, 1 1/2%, 2% 3% 2%

F.

DS010

VI.

DOCUMENTARY STAMP TAXES A. In General

DS100

B.

DS101

Debentures and Certificate of Indebtedness

2% 2%

P1.50 on each P200,

C.

Original Issue of Shares of Stock

or fractional part thereof P2.00 on each P200, or

D.

Sales, Agreements to Sell, Memoranda of Sales, Deliveries or Transfer

fractional part thereof, P1.50 on each P200, or

of Due-Bills, Certificates of Obligation, or Shares or Certificates of Stock DS102 DS125

1. 2.

DS103

E.

DS104

F.

DS105

G.

DS106

H.

In case of stock with par value In case of stock without par value

Bonds, Debentures, Certificates of Stock or Indebtedness Issued in Foreign Countries Certificates of Profits or Interest in Property or Accumulations Bank Checks, Drafts, Certificates of Deposit not Bearing Interest and Other Instruments All Bonds, Loan Agreements, Promissory Notes, Bills of Exchange, Drafts, Instrument s and Securities Issued by the Gov't

fractional part thereof P1.50 / P 200 par value 25% of DST paid on original issue P1.50 on each P200, or fractional part thereof, P0.50 on each P200, or fractional part thereof P1.50 P0.30 on each P200, or fractional part thereof

DS107

I.

or Any of itsInstr umentaliti es, Deposit Substitute Debt Instruments, Certificates Of Deposits Bearing Interest and Others Not Payable on Sight or Demand Acceptance of bill of exchange and others

DS108

J.

Foreign Bills of Exchange and Letters of Credit

fractional part thereof P0.30 on each P200, or

DS109

K.

Life insurance policies

fractional part thereof P0.50 on each P200, or

P0.30 on each P200, or

fractional part thereof

DS110

L.

Policies of Insurance Upon Property

of the amount of premium collected P0.50 on each P4.00, or

DS111

M.

Fidelity Bonds and Other Insurance Policies

fractional part thereof P0.50 on each P4.00, or fractional part thereof

DS112

N.

Policies of Annuities and Pre-Need Plans 1. On all policies of annuities, or other instrument whereby an annuity may be made, transferred or redeemed 2.

On pre-need plans

DS113

O.

Indemnity bonds

DS114 DS115

P. Q.

Certificates Warehouse Receipts

P1.50 on each P200, or fractional part thereof on annuity P0.50 on each P500, or fractional part thereof on pre-need plans P0.30 on each P4.00, or fractional part thereof P15.00 P15.00


ATC DS116

R.

Jai-alai, Horse Race Tickets , Lotto or Other Authorized Numbers

S.

P0.10, if the cost of the ticket exceeds P1.00, an additional tax of P0.10 on every P1.00, or

Games

DS117

TAX RATES

Bills of Lading or Receipts

fractional part thereof P1.00 if the value of such goods exceeds P100 but does not exceed

DS118 DS119 DS120

T. U. V.

Proxies Powers of attorney Leases and Other Hiring Agreements

P1,000; P10.00, if the value exceeds P1,000 P15.00 P5.00 P3.00 for the first P2,000,or fractional part thereof, & an addt'l P1.00 for every P1,000 or fractional part thereof in excess of the first P2,000 for each year of the term of the

DS121

W.

Mortgages, Pledges & Deeds of Trust

contract or argreement P20.00 when the amount secured does not exceed P5,000; P10.00 on each P5,000, or fractional

DS122

X.

Deeds of Sale and Conveyances of Real Property

part thereof in excess of P5,000 P15.00 when the consideration does not exceed P1,000.00 for each additional thousand pesos or a fractional part thereof in excess of P1,000 - P15

Y. DS130

Charter Parties and Similar Instruments if gross tonnage is: 1. 1,000 tons and below

DS131

2. 1,001 to 10,000 tons

DS132

3

DS124

Z.

over than 10,000 tons

Assignments and Renewals of Certain Instruments

1st 6 months P 500 in excess + P 50 1st 6 months P 1,000 in excess + P 100 1st 6 months P 1,500 in excess + P 150 same as orig. instrument

OT010 OT012

VII. OTHER TAXES UNDER SPECIAL LAWS A. Philippine Amusement and Gaming Corporation (PAGCOR) B. Others (Please specify Special Law) VII. MISCELLANEOUS TAXES/OTHER REVENUE SOURCES

MC010

A.

Tax Amnesty on Income Tax 1. Individual taxpayers

MC020 MC030

2. Corporate taxpayers Compromise Payments on Delinquent Accounts and Disputed

MC031

B. C. D.

MC032

Assessments Deficiency Tax Miscellaneous Taxes / Other Revenue Sources 1. All revenues collected through the Voluntary Assessment

5% -

10%, 40% -

Program: Income Tax, Improperly Accumulated Earnings Tax, Value-Added Tax, Percentage Tax, Excise Tax, Documentary Stamp Tax, Withholding Tax 2. MC033 MC034

All revenues collected through the Voluntary Assessment and Abatement Program (VAAP): a) b)

MC035

Income Taxes Value-Added Taxes

MC040

c) Excise Taxes Other Revenue Sources 1. Income from forfeited properties

-

MC050

2.

-

E.

Proceeds from resale of real estate taken for taxes


ATC MC060

F.

Energy Tax on Excess Electric Power Consumption

TAX RATES P0.10 per kilowatt-hour in excess of 650 kilowatt-hours P35.00 plus P0.20 per kilowatt-hour in excess of 1,000 kilowatthours P135.00 plus P0.35 per kilo-watt hour in excess of 1,500 kilowatt-hour

G.

On the revenue collected through the Expanded Voluntary

MC070 MC071

Assessment and Abatement Program 1. Withholding Tax on Compensation 2. Expanded Withholding Tax

MC072

3.

Final Withholding Tax (in general)

MC073 MC074 MC075

4. 5. 6.

Withholding Tax on Banks & Other Financial Institutions Withholding Tax on Fringe Benefits Withholding Tax - PT on Winnings & Prizes

MC076

7.

Withholdi ng Tax on Sale/Transfer/Barter or Other Disposition of Real Property Classified as Capital Asset

MC077

8.

Capital Gains Tax on Sale/Transf er/Barter or Ot her Disposition

MC078

9.

of Real Property Classified as Capital Asset Capital Gains Tax on Sale/Transf er/Barter or Ot her Disposition of Shares of Stock Not Traded Through the Local Stock

MC079

Exchange 10. Improperly Accumulated Earnings Tax

MC080 MC081

11. Percentage Tax (Quarterly) 12. Percentage Tax (Monthly)

MC082 MC083 MC084 MC085 MC086

13. 14. 15. 16. 17.

MC087 MC088

18. Documentary Stamp Tax 19. Tax Under Special Laws

Value-Added Tax and Other Percentage Tax Withheld Percentage Tax - Stocks (IPO) Percentage Tax - Stocks Estate Tax Donor's Tax

MC089 MC090

H.

20. Accrued Penalties TIN Card Fees

MC100 MC180 MC190

I. J. K.

Centennial Voluntary Payment Registration fee for VAT/non-VAT taxpayers Travel Taxes

P 500.00/ year P 2,700 for st

1 class passage P 1,620 for MC200 MC210

L. M.

Other Miscellaneous Taxes Advance payment of Value Added Tax on the Sale of Refined Sugar

MC220 MC230 MC240

N. O. P. Q.

MC250 MC251 MC252

Advance payment of Value Added Tax on Privilege Store Advance payment of Income Tax on Privilege Store Advance payment of Percentage Tax on Privilege Store Third Party Information Program 1. Income Tax 2. Value-Added Tax 3. Excise-Ad Valorem

MC253 MC254 MC255 MC256

4. 5. 6. 7.

MC257 MC258 MC259 MC260

Excise-Specific Withholding Tax-Compensation

Withholding Tax-Expanded Withholding Tax-Final 8. Withholding Tax-Banks and Other Financial Institution 9. Withholding Tax – Fringe Benefits 10. Withholding Tax – PT on Winnings and Prizes 11. Withholding Tax – Others (One-time transaction not subject to capital gains tax) [Sale/transfer or exchange of real properties other than capital assets]

MC261 MC262

12. Withholding Tax – VAT and Other Percentage Taxes 13. Capital Gains Tax – Real Property (Sales, Exchange or Other Disposition of Real Property Classified as Capital Asset)

economy class passage -


ATC MC263

14. Capital Gains Tax – Stocks (Sales, Exchange or Other Disposition

MC264

15. 16. 17. 18.

TAX RATES

of Shares of Stock) MC265 MC266 MC267 MC268 MC269 MC270 MC271 MC272 MC273 MC280

Improperly Accumulated Earnings Tax Percentage Tax – Quarterly Percentage Tax – Monthly Percentage Tax – Stock (IPO)

19. Percentage Tax – Stocks 20. Estate Tax 21. Donor’s Tax 22. Documentary Stamp Tax 23. Tax under Special Laws 24. Accrued Penalties R. Advance Payment of Value-Added Tax on Sale of Flour* VIII. FINES AND PENALTIES

FP010

A.

On Tax on Income

25%; 50%

FP020 FP030 FP040

B. C. D.

On Tax on Transfer of Property On Value-Added Tax On Monthly Other Percentage Taxes

25%; 50% 25%; 50% 25%; 50%

FP041 FP042

E. F.

On Quartely Other Percentage Taxes On Stock Transaction

25%; 50% 25%; 50%

FP050

G.

On Excise Taxes

25%; 50%

FP051 FP060 FP070

H. I. J.

On Excise Specific On Documentary Stamp taxes On Miscellaneous Taxes

25%; 50% 25%; 50% 25%; 50%

FP071 FP080

K. L.

On Energy Tax Penalties imposed on public officers

25%; 50% Fine of not less than P50,000 but not more than P100,000 & suffer imprisonment of not less than 10 years but not more than 15 years & shall likewise suffer an additional penalty of perpetual disqualification to hold public office, to vote, & to participate in any public election

FP090 FP100 FP110 FP120 FP130

L. M. N. O. P.

Other Fines and Penalties On Capital Gains On Compensation On Final Withholding Tax On Expanded Withholding Tax

25%; 50% 25%; 50% 25%; 50% 25%; 50% 25%; 50%

Q.

Government Money Payments 1. Quarterly 2. Monthly Gross Receipts Tax

25%; 50% 25%; 50% 25%; 50%

FP140 FP141 FP150

R.

FP160 FP170 FP180

S. T. U.

FP190

V.

FP930 FP200

Estate Tax Donors Tax Withholding on Real Property/Motor Vehicles not subject to Capital Gains Registration Fee

25%; 50% 25%; 50% 25%; 50%

W.

Inspection Fee

25%; 50%

X.

Violation of Registration and Invoicing Requirement

25%; 50%

Alphanumberic Tax Codes

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