You are on page 1of 4

OTHER PERCENTAGE TAXES

1. Tax on persons exempt from VAT----------------3% (monthly)


Those non VAT-registered persons whose annual gross sales does not exceed
1,919,500 but greater than 100,000

2. Percentage tax on domestic carriers by LAND (passenger) and keepers of


garages
Common Carriers Tax -------------------------------3% (monthly)
Basis: gross money payments to the common carrier (gross of expenses, oil,
compensation of drivers and conductors)
Except: bancas and animal-drawn two wheeled vehicle
Common
Carrier
Land
Air
Water

Passenger

Goods

CCT
VAT
VAT

VAT
VAT
VAT

JEEPNEY FOR HIRE


1. Manila and other cities
2. Provincial
PUBLIC UTILITY BUSES
1. Not exceeding 30
passengers
2. 30 < N < 50
passengers
3. Exceeding 50
passengers
TAXIS
1. Manila and other cities
2. Provincial
Car for hire (with chauffeur)
Car for hire (without
chauffeur)

Minimum
Quarterl
y

Minimum
Monthly

65,700
32,900

21,900
10,967

98,600

32,867

164,200

54,733

197,200

65,700

98,600
65,700
82,100
49,300

32,867
21,900
27,367
16,434

3. Domestic air carrier with both domestic and international operations


Domestic air carriers = 12%VAT (within)
If with International transport operations (within and without) from the
Philippines to a foreign country = 0%VAT
Foreign country to Philippines = Exempt from business tax

Domestic Air carriers with international operations (cannot be considered


international air carriers) = 3%
4. Percentage taxes in international carriers
Online carrier having maintained business establishment, agent or
representative office in the Philippines for the sale of its own ticket/passage
documents or of other airline companies
Offline airline companies that operates without touching any Philippine port.
International operates both offline and online operations
3% monthly from outbound fares and freight
2.5% income tax of gross Philippines billings
5. Franchise tax
Radio and/or television broadcasting companies whose gross receipts <
10,000,00 -------3%
Gas and water utilities ------------ 2%
Radio and/or television broadcasting companies that registers and
elects to pay VAT even if they do not reach the threshold cannot be revoked
anymore.
6. Overseas communication tax
10% of amount paid for such services
Person liable to pay: person paying for services rendered
Person required to collect and remit within 20 days after end of each quarter:
person rendering services
Does not apply to:
Government: political subdivisions to each other
Diplomatic services: by embassy and consular services
International organizations: by public international organization or any of its
agencies in the Phil
News Services: messages deal exclusively with the collection of news or its
dissemination
7. Tax on banks and non-bank financial intermediaries
Base on gross receipts from sources within
Banks and non-banks performing quasi-banking functions
On interest, commissions and discounts
from lending activities, financial leasing
With maturity period of:
5 years or less
More than 5 years
Dividends and equity shares, net
income of subsidiaries

OPT

5%
1%
0%

Royalties, rentals of properties (real or


personal), profits
Net trading gains within taxable year on
foreign currency, debt securities,
derivatives and similar items

7%
7%

Non-bank, not performing quasi-banking functions


Interest, commissions, discounts and
others treated as gross income
Interest, commissions, discounts from
lending activities and financial leasing
Maturity of 5 years or less
Maturity of more than 5 years

5%

5%
1%

8. Tax on finance companies


9. Tax on life insurance premiums
2% of the total premium collected
Except purely cooperative companies or associations
Premiums exempt from VAT:
Premiums refunded within 6 months after payment on account or
rejection
Premiums paid upon reinsurance by a company that has already paid
the tax
.
10.Tax on agents of foreign insurance companies
10% on total premium collected
Fire, marine or miscellaneous insurance agent authorized under the Insurance
Code
5% on owners of property to obtain insurance directly with foreign companies
This is tax shall not apply to reinsurance premiums.
11.Amusement tax
Amusement place
Cockpits, cabarets, night or day
clubs
Boxing matches
Professional basketball games
Jai-Alai and racetracks

Rat
e
18%
10%
15%
30%

Exempt from amusement tax: World or Oriental Championships in any


division. Provided one of the contenders is a Filipino Citizen and said
exhibition is being promoted by a Philippine entity (at least 60% Filipinoowned)

12.Tax on winnings
Winnings in horse races -----------------------------------------------10% of the
winnings or dividends
Winning from double, forecast/quinella and trifecta bets-----4% of the
winnings
Owners of winning horses---------------------------------------------10% of the prizes
13.Tax on sale, barter or exchange of shares of stock listed and traded through
the local stock exchange or through initial public offering
.05% based on the gross selling price or gross value in money of the stocks
sold, bartered, exchanged or otherwise disposed of.