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Local Taxation: Basis/Foundation: Sec. 5, Article X of The 1987 Constitution and Sec. 129 of The Local Government Code
Local Taxation: Basis/Foundation: Sec. 5, Article X of The 1987 Constitution and Sec. 129 of The Local Government Code
a. Manufacturer
- Gross sales P6.5M or more
- Percentage tax – 37.5% of 1% based on the
preceding year’s sales
b. Wholesaler, Distributors, Dealers
- Sale or receipts for the preceding calendar
year P2M or more
- Percentage tax – 50% of 1% based on the
gross sales or receipts
c. Contractors
- Gross receipts P2M or more
- Percentage tax –50% of 1% on their gross
receipts
10. Taxes on the gross receipts of transportation
contractors and persons engaged in the
transportation of passengers or freight by hire
and common carriers by air, land or water
-Except as provided in the Code
11. Taxes on premiums paid by way of reinsurance
or retrocession
12. Taxes, fees or charges for the registration of
motor vehicles and for the issuance of all kinds of
licenses or permits for the driving thereof,
-Except tricycles
13. Taxes, fees, or other charges on Philippine
products actually exported,
-Except as otherwise provided
14. Taxes, fees, or charges, on Countryside and
Barangay Business Enterprises and cooperatives
duly registered under R.A. No. 6810 and the
Cooperatives Code of the Philippines
Community taxpayers:
1. Individuals
-18 yrs and above;
- regularly employed for at least 30
consecutive working days during any calendar
year;
- engaged in trade, business, or occupation; or
- owner of property with an aggregate assessed
value of P1,000 or more;
-required by law to file an ITR
2. Juridical persons
1. Direct tax
2. Indivisible single obligation
3. Ad valorem tax – tax base: assessed value
4. Local tax
5. Imposed on the use and not on the ownership
6. Progressive/proportionate in character
Policy of taxing real property