Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the

sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro
sales and other forms of conditional sale.

Documentary Stamp Tax is a tax on documents, instruments, loan agreements and papers evidencing
the acceptance, assignment, sale or transfer of an obligation, right or property incident thereto.

Donor’s Tax is a tax on a donation or gift, and is imposed on the gratuitous transfer of property between
two or more persons who are living at the time of the transfer. It shall apply whether the transfer is in
trust or otherwise, whether the gift is direct or indirect and whether the property is real or personal,
tangible or intangible.

Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs
and beneficiaries at the time of death and on certain transfers, which are made by law as equivalent to
testamentary disposition. It is not a tax on property. It is a tax imposed on the privilege of transmitting
property upon the death of the owner. The Estate Tax is based on the laws in force at the time of death
notwithstanding the postponement of the actual possession or enjoyment of the estate by the
beneficiary.

Excise Tax is a tax on the production, sale or consumption of a commodity in a country.

TYPES OF EXCISE TAX:

Specific Tax – refers to the excise tax imposed which is based on weight or volume capacity or any other
physical unit of measurement

Ad Valorem Tax – refers to the excise tax which is based on selling price or other specified value of the
goods/articles

Income Tax is a tax on a person's income, emoluments, profits arising from property, practice of
profession, conduct of trade or business or on the pertinent items of gross income specified in the Tax
Code of 1997 (Tax Code), as amended, less the deductions if any, authorized for such types of income,
by the Tax Code, as amended, or other special laws.

Percentage tax is a business tax imposed on persons, entities, or transactions specified under Sections
116 to 127 of the National Internal Revenue Code of 1997 (also known as Tax Code), as amended, and as
required under special laws.

Value-Added Tax (VAT) is a form of sales tax. It is a tax on consumption levied on the sale, barter,
exchange or lease of goods or properties and services in the Philippines and on importation of goods
into the Philippines. It is an indirect tax, which may be shifted or passed on to the buyer, transferee or
lessee of goods, properties or services
FINAL WITHHOLDING TAX

The amount of income tax withheld by the withholding agent is constituted as a full and final
payment of income tax due from the payee of the said income.

The liability for payment of tax rests primari;y on the payor as a withholding agent. Failure to
withhold the tax or in case of under withholding, the deficiency tax shall be collected from
payor/withholding agent.

The payee is not required to file an income tax return for the particular income.

EXPANDED WITHHOLDING TAX

The Withholding of Creditable Tax at Source or simply called Expanded Withholding Tax is a tax imposed
and prescribed on the items of income payable to natural or juridical persons, residing in the Philippines,
by a payor-corporation/person which shall be credited against the income tax liability of the taxpayer for
the taxable year.