Percentage Taxes

Line Of Business/ Activity Tax Base Tax Rate

Common Carriers Tax Domestic Carriers and Keepers Of Garage Gross Receipts 3%

Percentage Tax on International Air and Shipping Carriers - Gross Receipts 3%

International Carriers Transport Of Cargo

Passengers
VAT (and 3% OPT)

Franchise Tax Franchisees

Radio and/or Television Broadcasting Gross Receipts 3%

(Not Exceeding 10m for
Gas and Water Utilities Radio/ Tv Broadcasting) 2%

Gross Receipts Tax Banks, Non-Bank Financial Intermediaries Gross Receipts 0%/1%/5%/7%
and Financing Companies
Depending On the
Type of Income 

Overseas Communications Overseas Dispatch, Message or Gross Receipts 10% 

Tax Conversation Originating from the Philippines

Premiums Tax Life Insurance Premiums 2%

Agents of Foreign Insurance Companies Premiums 4%

Insurance Directly Taken from Foreign Premiums 5%

Insurance Companies

Amusement Tax Cockpit Gross Receipts 18%

Boxing Exhibition 10%

Cabarets, Night or Day Clubs 18%

 Percentage Taxes

Professional Basketball Games 15%

Jai-Alai and Race Tracks 30%

Tax On Winnings Winnings in Horse Races Winnings or Dividends 10%

After Deducting the Cost
Winnings from Double Forecasts/Quinella of the Ticket 4%
and Trifecta Bets

In the Case of Owners of Winning Race 10%

Horses

Stock Transaction Tax  Sale of Shares Through the Local Stock Gross Selling Price or 6/10 of 1% (Prev. ½
Exchange Gross Value in Money of 1%

Tax On Initial Public Offering Initial Public Offerings (IPO) Gross Proceeds from 4%/2%/1%
the IPO
Depending On the
Ratio of the Shares
Sold Over the
Outstanding Capital
Shares After IPO