Professional Documents
Culture Documents
Percentage Tax
Percentage Tax
Description
Percentage tax is a business tax imposed on persons or entities who sell or
lease goods, properties or services in the course of trade or business whose
gross annual sales and/or receipts do not exceed P 750,000 and who are not
VAT-registered.
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Who Are Required To File Percentage Tax Returns
o
o
Manual Filing
Not later than 20th day following the end of each month
Filing Through Electronic Filing and Payment System (eFPS)
Group A - Twenty-Five (25) days following the end of the month
Group B - Twenty-Four (24) days following the end of the month
Group C - Twenty-Three (23) days following the end of the month
Group D - Twenty-Two (22) days following the end of the month
Group E - Twenty-One (21) days following the end of the month
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Quarterly Percentage Tax
Tax Form
BIR Form 2551 Q - Quarterly Percentage Tax Return
Documentary Requirements
1. Duly issued Certificate of Creditable Tax Withheld at Source (BIR Form
2307), if applicable
2. Duly approved Tax Debit Memo, if applicable
3. Copy of Certificate of Registration issued by Cooperative Development
Authority for cooperatives and from the National Electrification
Administration for electric cooperatives
4. Previously filed return and proof of payment, for amended return
Procedures
1. Fill-up BIR Form 2551 Q in triplicate copies.
2. If there is payment:
3. If there is no payment:
Manual Filing
Not later than 20th day following the end of each quarter
Filing Through Electronic Filing and Payment System (eFPS)
Not later than the 20th day following the end of the quarter
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Percentage Tax For Transactions Involving Shares of Stocks Listed
and Traded Through the Local Stock Exchange or Through Initial
and/or Secondary Offering
Tax Form
BIR Form 2552 - Percentage Tax Return (For Transactions Involving Shares
of Stocks Listed and Traded Through the Local Stock Exchange or
Through Initial and/or Secondary Offering)
Documentary Requirements
1. Duly issued Certificate of Creditable Tax Withheld at Source (BIR Form
2307), if applicable
2. Proof of Exemption for transactions not subject to tax, if applicable
3. Duly approved Tax Debit Memo, if applicable
4. Previously filed return and proof of payment, for amended return
Procedures
1. Fill-up BIR Form 2552 in triplicate copies.
2. If there is payment:
For tax on sale of shares of stocks listed and traded through the
local stock exchange (LSE) within five (5) banking days from the date of
collection
For tax on shares of stocks sold or exchanged through primary
offering - within 30 days from the date of listing in the LSE
For tax on shares of stocks sold or exchanged through secondary
public offering - within five (5) banking days from the date of collection
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Tax Rates
Coverage
Basis
Tax
Rate
3%
Gross Receipts
3%
Gross Receipts
3%
Gross Receipts
2%
Gross Receipts
3%
International Carriers:
International air/shipping carriers doing business in the
Philippines
Franchise Grantees:
5%
1%
Over 7 years
0%
On Dividends
0%
5%
5%
1%
Over 7 years
0%
5%
10%
5%
Cockpits
Gross receipts
18%
Gross receipts
18%
Boxing exhibitions
Gross receipts
10%
Gross receipts
15%
Gross receipts
30%
of 1%
4%
2%
Over 33 1/3 %
1%
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Related Revenue Issuances
RR No. 4-95, RR 7-95, RR No. 5-97, RR No. 2-98, RR No. 7-95, RR No. 6-2001,
RR No. 12-2001, RR No. 4-2002, RR No. 26-2002, RR No. 14-2003, RR No. 92004, RR No. 10-2004, RMC No. 6-2003, RMC No. 73-2004
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Codal Reference
Sections 116 to 128 of the National Internal Revenue Code