Professional Documents
Culture Documents
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WITHHOLDING TAX
4. Gross payments to resident individuals and corporate cine-
matographic film owners, lessors, or distributors - 5%
5. Gross payments to contractors - 2%
6. Income distribution to beneficiaries - 15%
7. Income payments to certain brokers and agents - 10%
8. Income payments to partners of general professional
partnerships:
If gross income for current year exceedsP720,000 - 15%
If otherwise - 10%
9. Professional fees paid to medical practitioners
If gross income for current year exceedsP720,000 - 15%
If otherwise - 10%
10. Gross additional payments to government personnel from
importers, shipping and airline companies, or their
agents - 15%
11. One-half of gross amounts paid by any credit card
company in the Philippines - 1%
WITHHOLDING TAX
12. Income payments made by any Top 20,000 Corp
Supplier of goods - 1%
Supplier of services - 2%
13. Income payments made by government to its local/resident
supplier of goods and services other than those covered
by other rates of withholding taxes
Supplier of goods - 1%
Supplier of services - 2%
14. Commissions of independent and exclusive distributors,
and marketing agents of companies - 10%
15. Tolling fees paid to refineries - 5%
16. Payments made by pre-need companies to funeral parlor - 1%
17. Payments made to embalmers - 1%
18. Income payments made to suppliers of agricultural products - 1%
19. Income payments on purchases of minerals, mineral pro-
ducts and quarry resources - 10%
20. MERALCO refund to customers
With active contracts - 25%
With terminated contracts - 32%