TAX BASE RATE

Tax on persons:
1. Exempt from VAT except: 3%
- Coop Quarterly GS/GR
- Self-employed individuals and professionals availing 8% preferential rate
2. Do not exceed 3M and not VAT registered
3. Not liable to pay OPT
FRANCHISE
1. Gas & Water 2%
A. Franchise Related (regardless of amount) 3%
B. Not franchise related- ≤ 3M and not VAT registered
If > 3M = VATABLE
2. Radio and Television Monthly Gross Receipts
A. ≤ 10M and not VAT registered 3%
If > 10M= VATABE regardless of registration

AMUSEMENT
1. Boxing Receipts 10%
Exempt if: (all must present)
A. World or oriental championship in any division is at stake
B. Promoted by Filipino citizen or corporation, at least 60 % Filipino owned
C. One of the contenders is a Filipino Citizen.
2. Professional Basketball Quarterly GR 15%
3. Cockpits, Cabarets & Club (CCC) Quarterly GR 18%
4. Jai-alai and Race Tracks Quarterly GR 30%
WINNINGS
1. Bettor (s) in horse race ( based on Gross winning- cost of winning)
A. Ordinary or w/o designation Net Prize 10%
B. Special or w/ designation Net Prize 4%
2. Owners of winning race horse Prize 10%
INSURANCE
1. Life (except purely coop or associations) Insurance Premiums Collected 2%
Non-life- VATABLE
 2. Agents of foreign Insurance ( fire, marine, misc. insurance agents) Insurance Premiums Collected
A. Owners who directly sells or do business 5%
B. Thru Agents 4%

STOCK TRANSACTIONS
1. Listed and traded thru LSE (sale, barter and exchange by non-dealer) Gross Selling Price 6/10 of 1%

OVERSEAS DISPATCH, MESSAGE OR CONVERSATION ( call from Phil to abroad)

1. Owner or user of facility is liable Quarterly GR 10%
Exempted: DING
Diplomatic Services
International Organizations
News Services
Government
BANKS AND NON-BANK FINANCIAL INTERMIDIARIES (performing quasi-banking)
A. Interest, commission, and discount from lending and leasing: Monthly GR
- Maturity period > 5 years 1%
- Maturity period of ≤ 5 years 5%

B. Royalties, rental (real and personal), all other income treated as GI, Net trading gains 7%
w/in taxable year (foreign currency, debt securities, derivatives, similar.)
5%
- Other non-bank 0%
C. Dividend and equity share in net income of subsidiaries

DOMESTIC COMMON CARRIERS (by land for the transport of passengers and keepers of 3%
garage, EXCEPT owners of bancas and animal-drawn two-wheeled vehicles)
  The following shall be considered per unit minimum quarterly gross receipts:
Manila & other cities Provincial
1. Jeepney for hire 2,400 1,200
2. Public utility bus: Actual Monthly GR Vs.
 Exceeding 30 but not exceeding 6,000 6000 Minimum Monthly GR, higher
50
 Exceeding 50 7,200 7,200
3. Taxis 3,600 2,400
4. Car for hire w/ chauffeur 3,000 3,000
 Car for hire w/o chauffeur 1,800 1,800

INTERNATIONAL CARRIERS (air and shipping for the transport of cargoes) Monthly GR 3%
CREDITABLE WITHHOLDING TAX:
Sale of goods 1%
Sale of services 2%

Except:
1. Rentals 5%
2. Professional services:
 Individual
- Gross receipts ≤ 3M 5%
- Gross receipts > 3M 10%
 Corporation
- Gross income ≤ 720k 10%
- Gross income > 720k 15%
 GPP- Exempt
SPECIAL CORPORATION SCHOOL Hospital
1. Private Educational Institution 10% (TRAIN) / 1% (CREATE) 25%
2. Non-profit organization Exempt 10% (TRAIN) / 1% (CREATE)
3. Government Exempt Exempt

SPECIAL CORPORATION (RFC)

1. International Carrier 2.5% Gross Phil Billing
2. OBU/ ROHQ 25%
 Except, FCDU/EFDU
- Resident- 10%
- Non-resident- exempt
SPECIAL CORPORATION (NRFC)
1. Non-resident owner or lessor of 25% Gross Rental
cinematographic film

2. Non-resident owner or lessor of vessel 4.5% Gross Rental

3. Non-resident owner or lessor of 7.5%

aircraft and other equipment