Академический Документы
Профессиональный Документы
Культура Документы
A. INTRODUCTION
B. INCOME TAX
C. ESTATE TAX
D. DONOR’S TAX
E. VALUE-ADDED TAX
F. OTHER PERCENTAGE TAX
G. EXCISE TAX
H. DOCUMENTARY STAMP TAXES
I. CUSTOM DUTIES
J. TRAVEL TAX
K. ENERGY TAX
L. PRIVATE MOTOR VEHICLE TAX
A. INTRODUCTION
Kinds of Taxes under existing laws. They are:
NATIONAL TAXES.
3. Resident Aliens
- the same computation as for non-
resident citizens.
4. Non-resident aliens.
- The tax is imposed also only on income
derived from sources within the Philippines.
KINDS :
2. Importation of goods.
3. Sale of services.
RATES BASES OF THE TAX
1. Sale of goods or properties.
- The tax is 10% of the gross selling price
or gross value in money of the goods or
properties sold or bartered.
Gross selling price is the total amount of
money or its equivalent which the purchaser
pays or is obligated to pay the seller. Certain
sales are exempt from the tax.
RATES BASES OF THE TAX
2. Importation of goods.
- The tax is 10% of the total value used by
the Bureau of Customs in determining customs
duties to which value shall be added the duties,
excise taxes, and other charges due on such
goods. Certain importations are exempt from
the tax.
RATES BASES OF THE TAX
3. Sale of services.
- the tax is 10% of the gross receipts
derived by any person (e.g., broker) engaged in
the performance of service for others for a fee or
consideration. Certain services are exempt from
the tax.
Gross receipts mean the total amount of
money or its equivalent representing the
contract price or fee for the service performed or
to be performed for another person.
TAX APPLIES ONLY TO VALUE
ADDED BY SELLER
Under the tax credit method for
computing and collecting VAT, the taxpayer
pays only the difference between the tax on his
sales (output tax) and the tax on his purchases
(or importation) of goods (for sale or
conversion into other finished goods, or for use
in the business), supplies, and materials, and
services (input tax).
FILING OF RETURN AND
PAYMENT OF TAX
2. Ad valorem tax.
one imposed and based on selling price or
other specified value of the article.
GOODS SUBJECT TO EXCISE TAXES
1. In General - Excise Taxes apply:
a. Alcohol products
b. Tobacco products
c. Petroleum products
d. Miscellaneous goods
e. Mineral products
FILING OF RETURN AND
PAYMENT OF THE TAXES
1. When - Unless otherwise specifically allowed
the return shall be filed and the excise tax due
shall be paid by the manufacturer or
producer before removal of domestic
products from the place of production. In the
case of imported articles, the tax shall be paid
by the owner or importer before release from
the customs house, or by the non-exempt
person in possession of the tax-exempt
articles.
FILING OF RETURN AND
PAYMENT OF THE TAXES
2. Where – Except as the Commissioner of
Internal Revenue otherwise permits the
return shall be filed with and the tax to:
2. Php.1,620.00
Over 650 but not over 1,000 Php.0.10 per KHW in excess of 1,000
Over 1,000 but not over 1,500 Php.35.00 plus Php.0.20 per KHW in
excess of 1,000
Over 1,500 Php.135.00 plus Php.0.35 per KHW in
excess of 1,500
In areas outside Metro Manila where the
prevailing electric power rates (excluding the
energy tax) are equal to or higher than the rates
(including the energy tax) prevailing in Metro
Manila, the energy tax shall not apply; if less,
then the energy tax to be imposed in the former
shall be equal to the difference or the full
amount of the energy tax, whichever s lower.
L. PRIVATE MOTOR VEHICLES TAX
PURPOSE
Age
Current
1 years old Php.1,000 Php.3,000 Php.6,000 Php.1,000
2 years old 1,000 3,000 6,000 1,000
3 years old 1,000 3,000 6,000 1,000
4 years old 1,000 2,400 6,000 1,000
5 years old 1,000 2,400 6,000 1,000
Over 5 years 700 1,200 2,800 900
old
PREPARED BY:
VICENTE, REYNEBERT B.
BSEII-SST