Professional Documents
Culture Documents
Since this is only a synthesis of the basic guide to Philippine taxes, a more
detailed information of the taxes, tariff duties and fiscal incentives described in this
handbook can be obtained from the following sources: National Internal Revenue
Code of 1997 [Republic Act (RA) No. 8424, as amended]; Tariff and Customs Code
of 1978 [Presidential Decree (PD) No. 1464, as amended]; Local Government Code
of 1991 (RA 7160); Philippine Immigration Act of 1940 [Commonwealth Act (CA)
No. 613, as amended]; Travel Tax Law (PD 1183); Omnibus Investment Code of
1987 [Executive Order (EO) No. 226]; Export Development Act of 1994 (RA 7844);
Bases Conversion and Development Act (RA 7227); Special Economic Zone Act of
1995 (RA 7916) and other incentive laws.
The government imposes and collects the following taxes and levies:
i
B. Under the Tariff and Customs Code
1. Import Duties
2. Export Duty
It is hoped that this Tax Guide will contribute towards raising the level of tax
consciousness among our people, promoting better tax compliance and ensuring
sustained growth.
ii