NATIONAL TAXATION

INCOME TAX

Income Tax is a tax on every year income based from property, profession, trades or
workplaces or as a tax on a person’s income, emoluments, and profitsRequired to file
income tax returns?Non-resident citizens receiving income from sources within the
PhilippinesResident citizens receiving income from sources within or outside the
PhilippinesDomestic corporations receiving income from sources within and outside the
PhilippinesForeign corporations receiving income from sources within the Philippines
 VALUE ADDED TAX
Value-Added Tax or VAT is an indirect tax which can be given to the buyer, or the person who
gets a certain property, services, etc. It is a tax that you can get thru sales of properties and
goods, trade or exchange of products, you can even get VAT from services you buy, and from
goods that are imported to the country.
Who are Required to File VAT Returns?
• Any person or entity who, in the course of his trade or business, sells, barters, exchanges,
leases goods or properties and renders services subject to VAT, if the aggregate amount of
actual gross sales or receipts exceed Three Million Pesos (Php3,000,000.00)
• A person required to register as VAT taxpayer but failed to register
• Any person, whether or not made in the course of his trade or business, who imports
goods
Value-Added Tax Rate
• On sale of goods and properties - twelve percent (12%) of the gross selling price or gross
value in money of the goods or properties sold, bartered or exchanged
• On sale of services and use or lease of properties - twelve percent (12%) of gross receipts
derived from the sale or exchange of services, including the use or lease of properties
• On importation of goods - twelve percent (12%) based on the total value used by the
Bureau of Customs in determining tariff and customs duties, plus customs duties, excise
taxes, if any, and other charges, such as tax to be paid by the importer prior to the
release of such goods from customs custody; provided, that where the customs duties
are determined on the basis of quantity or volume of the goods, the VAT shall be based
on the landed cost plus excise taxes, if any.• On export sales and other zero-rated
sales - 0%
 PERCENTAGE TAX

is a non-VAT-registered business tax imposed on persons or entities who sell or lease

commodities, properties, or services in the course of their trade or company and have gross
yearly sales or receipts of less than P550,000.
 DOCUMENTARY STAMP TAX

Documentary Stamp Tax is a tax imposed on documents, instruments, loan agreements, and
papers evidencing the acceptance, assignment, sale, or transfer of an obligation, right, or property
in connection with that obligation, right, or property.
• BIR Form 2000 (Documentary Stamp Tax Declaration Return)
• BIR Form 2000-OT Documentary Stamp Tax Declaration Return (One- Time Transactions)
 Documentary Requirements
(Mandatory)
1. Photocopy of the document to which the documentary stamp shall be affixed
2. Proof of exemption under special laws, if applicable
3. Proof of payment of documentary stamp tax paid upon the original issue of the stock
applicable.
 DONOR’S TAX

Donor’s Tax is a tax on a donation or present, and is imposed at the gratuitous transfer of
belongings among or more persons who're residing at the time of the transfer. It shall observe
whether the transfer is in agree with or otherwise, whether the present is direct or oblique and
whether the assets is real or personal, tangible or intangible.
Tax Form
BIR Form 1800 – Donor’s Tax Return
 Procedure
The Donor’s Tax Return (BIR Form No. 1800) shall be filed in triplicate by any person, natural or
juridical, resident or non-resident, who transfers or causes to transfer property by gift, whether in
trust or otherwise, whether the gift is direct or indirect and whether the property is real or personal,
tangible or intangible.Taxpayers who are filing BIR Form no. 1800 are excluded in the mandatory
coverage from using the eBlRForms (Section 2 of RR No. 9-2016).