Beruflich Dokumente
Kultur Dokumente
Description
Income Tax is a tax on a person's income, emoluments, profits arising from
property, practice of profession, conduct of trade or business or on the
pertinent items of gross income specified in the Tax Code of 1997 (Tax Code),
as amended, less the deductions and/or personal and additional exemptions,
if any, authorized for such types of income, by the Tax Code, as amended, or
other special laws.
Tax Rate
A. For Individuals Earning Purely Compensation Income and
Individuals Engaged in Business and Practice of Profession
Amount of Net Taxable Income Rate
Over But Not Over
P10,000 5%
P10,000 P30,000 P500 + 10% of the Excess over P10,000
P30,000 P70,000 P2,500 + 15% of the Excess over P30,000
P70,000 P140,000 P8,500 + 20% of the Excess over P70,000
P140,000 P250,000 P22,500 + 25% of the Excess over P140,000
P250,000 P500,000 P50,000 + 30% of the Excess over P250,000
P500,000 P125,000 + 32% of the Excess over P500,000 in 2000 and onward
Note: When the tax due exceeds P2,000.00, the taxpayer may elect to pay in
two equal installments, the first installment to be paid at the time the return
is filed and the second installment 15 of the same year at on or before July
the Authorized Agent Bank (AAB) within the jurisdiction of the Revenue
District Office (RDO) where the taxpayer is registered.
Tax Rate Taxable Base
1. Domestic Corporations:
a. In General 30% (effective Jan. 1, Net taxable income from all sources
2009)
b. Minimum Corporate Income Tax* 2% Gross Income
c. Improperly Accumulated Earnings 10% Improperly Accumulated Taxable Income
2. Proprietary Educational Institution 10% Net taxable income provided that the gross
income from unrelated trade, business or other
activity does not exceed 50% of the total gross
income
3. Non-stock, Non-profit Hospitals 10% Net taxable income provided that the gross
income from unrelated trade, business or other
activity does not exceed 50% of the total gross
income
4. GOCC, Agencies & Instrumentalities
a. In General 30% Net taxable income from all sources
b. Minimum Corporate Income Tax* 2% Gross Income
c. Improperly Accumulated Earnings 10% Improperly Accumulated Taxable Income
5. National Gov't. & LGUs
a. In General 30% Net taxable income from all sources
b. Minimum Corporate Income Tax* 2% Gross Income
c. Improperly Accumulated Earnings 10% Improperly Accumulated Taxable Income
6. Taxable Partnerships
a. In General 30% Net taxable income from all sources
b. Minimum Corporate Income Tax* 2% Gross Income
c. Improperly Accumulated Earnings 10% Improperly Accumulated Taxable Income
7. Exempt Corporation
a. On Exempt Activities 0%
b. On Taxable Activities 30% Net taxable income from all sources
8. General Professional Partnerships 0%
9. Corporation covered by Special Laws Rate specified under
the respective special
laws
10. International Carriers 2.5% Gross Philippine Billings
11. Regional Operating Head 10% Taxable Income
12. Offshore Banking Units (OBUs) 10% Gross Taxable Income On Foreign Currency
Transaction
13. Foreign Currency Deposit Units (FCDU) 10% Gross Taxable Income On Foreign Currency
Transaction
*Beginning on the 4th year immediately following the year in which such
corporation commenced its business operations, when the
minimum corporate income tax is greater than the tax computed using the
normal income tax.
Passive Income
1. Interest from currency deposits, trust funds and deposit substitutes 20%
2. Royalties (on books as well as literary & musical composition) 10%
- In general 20%
3. Prizes (P10,000 or less ) 5%
- In excess of P10,000 20%
4. Winnings (except from PCSO and lotto) 20%
5. Interest Income of Foreign Currency Deposit 7.5%
6. Cash and Property Dividends
- To individuals from Domestic Corporations 10 %
- To Domestic Corporations from Another Domestic Corporations 0%
7. On capital gains presumed to have been realized from sale, exchange or other disposition
6%
of real property (capital asset)
8. On capital gains for shares of stock not traded in the stock exchange
- Not over P100,000 5%
- Any amount in excess of P100,000 10%
9. Interest Income from long-term deposit or investment in the form of savings, common or
individual trust funds, deposit substitutes, investment management accounts and other
investments evidenced by certificates
Exempt
Upon pretermination before the fifth year , there should be imposed on the entire income from
the proceeds of the long-term deposit based on the remaining maturity thereof:
Holding Period
- Four (4) years to less than five (5) years 5%
- Three (3) years to less than four (4) years 12%
- Less than three (3) years 20%
B. For Non-Resident Aliens Engaged in Trade or Business
1. Interest from currency deposits, trust funds and deposit substitutes 20%
2. Interest Income from long-term deposit or investment in the form of savings, common or
individual trust funds, deposit substitutes, investment management accounts and other
investments evidenced by certificatesUpon pretermination before the fifth year, there should Exempt
be imposed on the entire income from the proceeds of the long-term deposit based on the
remaining maturity thereof:Holding Period:
-Four (4) years to less than five (5) years 5%
-Three (3) years to less than four (4) years 12%
-Less than three (3) years 20%
3. On capital gains presumed to have been realized from the sale, exchange or other
6%
disposition of real property
4. On capital gains for shares of stock not traded in the Stock Exchange
- Not over P100,000 5%
- Any amount in excess of P100,000 10%
C) For Non-Resident Aliens Not Engaged in Trade or Business
1. On the gross amount of income derived from all sources within the Philippines 25%
2. On capital gains presumed to have been realized from the exchange or other disposition of
6%
real property located in the Phils.
3. On capital gains for shares of stock not traded in the Stock Exchange
- Not Over P100,000 5%
- Any amount in excess of P100,000 10%
D) On the gross income in the Philippines of Aliens Employed by
Regional Headquarters (RHQ) or Area Headquarters and Regional
Operating Headquarters (ROH), Offshore Banking Units (OBUs),
Petroleum Service Contractor and Subcontractor
On the gross income in the Philippines of Aliens Employed by Regional Headquarters (RHQ) 15%
or Area Headquarters and Regional Operating Headquarters (ROH), Offshore Banking Units
(OBUs), Petroleum Service Contractor and Subcontractor
E) General Professional Partnerships
General Professional Partnerships 0%
F) Domestic Corporations
1) a. In General on net taxable income 30%
b. Minimum Corporate Income Tax on gross income 2%
c. Improperly Accumulated Earnings on improperly accumulated taxable income 10%
2) Proprietary Educational Institution and Non-profit Hospitals 10%
- In general (on net taxable income) 10%
- If the gross income from unrelated trade, business or other activity exceeds 50% of the
30%
total gross income from all sources
4) GOCC, Agencies & Instrumentalities
a. In General - on net taxable income 30%
b. Minimum Corporate Income Tax on gross income 2%
c. Improperly Accumulated Earnings on improperly accumulated taxable income 10%
5) Taxable Partnerships
a. In General on net taxable income 30%
b. Minimum Corporate Income Tax on gross income 2%
c. Improperly Accumulated Earnings on improperly accumulated taxable income 10%
6) Exempt Corporation
a. On Exempt Activities 0%
b. On Taxable Activities 30%
8) Corporation covered by Special Laws Rate specified under
the respective special
laws
G) Resident Foreign Corporation
1) a. In General on net taxable income 30%
b. Minimum Corporate Income Tax on gross income 2%
c. Improperly Accumulated Earnings on improperly accumulated taxable income 10%
2) International Carriers on gross Philippine billings 2.50%
3) Regional Operating Headquarters on gross income 10%
4) Corporation Covered by Special Laws Rate specified under
the respective special
laws
5) Offshore Banking Units (OBUs) on gross income 10%
6) Foreign Currency Deposit Units (FCDU) on gross income 10%
Personal Exemptions:
For single individual or married individual judicially decreed as legally
separated with no qualified dependentsP
50,000.00
For head of familyP 50,000.00
For each married individual *P 50,000.00
Note: In case of married individuals where only one of the spouses is
deriving gross income, only such spouse will be allowed to claim the
personal exemption.
Additional Exemptions:
Description
Capital Gains Tax is a tax imposed on the gains presumed to have been
realized by the seller from the sale, exchange, or other disposition of capital
assets located in the Philippines, including pacto de retro sales and other
forms of conditional sale.
Tax Rates
a) Real Properties - 6 %
b) For Shares of Stocks not Traded in the Stock Exchange, on the net Capital
Gains
- Not over P100,000 - 5%
- Any amount in excess of P100,000 - 10%
Estate Tax
Description
Estate Tax is a tax on the right of the deceased person to transmit his/her
estate to his/her lawful heirs and beneficiaries at the time of death and on
certain transfers, which are made by law as equivalent to testamentary
disposition. It is not a tax on property. It is a tax imposed on the privilege of
transmitting property upon the death of the owner. The Estate Tax is based
on the laws in force at the time of death notwithstanding the postponement
of the actual possession or enjoyment of the estate by the beneficiary.
Tax Rates
Effective January 1, 1998 up to Present
If the Net Estate is
Over But not Over The Tax Shall be Plus Of the Excess Over
P 200,000.00 Exempt
P 200,000.00 500,000.00 0 5% P 200,000.00
500,000.00 2,000,000.00 P 15,000.00 8% 500,000.00
2,000,000.00 5,000,000.00 135,000.00 11 % 2,000,000.00
5,000,000.00 10,000,000.00 465,000.00 15 % 5,000,000.00
10,000,000.00 1,215,000.00 20 % 10,000,000.00
Donors Tax
Description
Donors Tax is a tax on a donation or gift, and is imposed on the gratuitous
transfer of property between two or more persons who are living at the time
of the transfer. It shall apply whether the transfer is in trust or otherwise,
whether the gift is direct or indirect and whether the property is real or
personal, tangible or intangible.
Tax Rates
Effective January 1, 1998 to present (Republic Act No. 8424)
Net Gift Over But not Over The Tax Shall be Plus Of the Excess Over
100,000.00 exempt
Notes:
1. Rate applicable shall be based on the law prevailing at the time of
donation.
2. When the gifts are made during the same calendar year but on
different dates, the donor's tax shall be computed based on the total net
gifts during the year.
Donation made to a stranger is subject to 30% of the net gift. A stranger
is a person who is not a:
A. In the Case of Gifts made by a Resident (Sec. 101 (A), NIRC as amended)
In General. - The tax imposed by this Title upon a donor who was
a citizen or a resident at the time of donation shall be credited with the
amount of any donor's tax of any character and description imposed by the
authority of a foreign country.
Limitations on Credit. - The amount of the credit taken under this
Section shall be subject to each of the following limitations:
- The amount of the credit in respect to the tax paid to any country
shall not exceed the same proportion of the tax against which such
credit is taken, which the net gifts situated within such country
taxable under this Title bears to his entire net gifts; and
- The total amount of the credit shall not exceed the same proportion
of the tax against which such credit is taken, which the donor's net
gifts situated outside the Philippines taxable under this title bears to
his entire net gifts.
Description
Documentary Stamp Tax is a tax on documents, instruments, loan
agreements and papers evidencing the acceptance, assignment, sale or
transfer of an obligation, right or property incident thereto.
Tax Rates
Tax Document Taxable Unit Tax Due Per % of Taxable Base
Code Unit Unit
Section
174 Original Issue of Shares of P200.00 or fraction 1.00 .5% Par value of shares of
Stock with par value thereof stocks
Stock Dividend
If the amount of
insurance exceeds 50.00
P500,000.00 but does
not exceed Amount of Insurance
P750,000.00
If the amount of
insurance exceeds 75.00
P750,000.00 but does Amount of Insurance
not exceed
P1,000,000.00
If the amount of
insurance exceeds 100.00
P1,000,000.00
184 Policies Of Insurance upon P4.00 premium or .50 12.5% Premium charged
Property fraction thereof
185 Fidelity Bonds and other P4.00 premium or .50 12.5% Premium charged
Insurance Policies fraction thereof
186 Policies of Annuities or other P200.00 or fraction .50 .25% Premium or installment
instruments thereof payment or contract price
collected
Premium or contribution
collected
P200.00 or fraction .20 .10%
Pre-Need Plans thereof
187 Indemnity Bonds P4.00 or fraction thereof.30 7.5% Premium charged
188 Certificates of Damage or Each Certificate 15.00
otherwise and Certificate or
document issued by any
customs officers, marine
surveyor, notary public and
certificate required by law or by
rules and regulations of a
public office
189 Warehouse Receipts (except if Each Receipt 15.00
value does not exceed
P200.00)
190 Jai-alai, Horse Race Tickets, P1.00 cost of ticket .10 10% Cost of the ticket
lotto or Other Authorized
Number Games Cost of the ticket
Additional P0.10 on
every P1.00 or fraction
thereof if cost of ticket
exceeds P1.00
191 Bills of Lading or If the value of such 1.00 Value of such goods
Receipts(except charter party) goods exceeds P100.00
and does not exceed
P1,000.00
Value-Added Tax
Description
Value-Added Tax is a form of sales tax. It is a tax on consumption levied on the sale,
barter, exchange or lease of goods or properties and services in the Philippines and
on importation of goods into the Philippines. It is an indirect tax, which may be
shifted or passed on to the buyer, transferee or lessee of goods, properties or
services.
Tax Rates
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%
Withholding Tax
Description
Withholding Tax on Compensation is the tax withheld from income
payments to individuals arising from an employer-employee relationship.
Expanded Withholding Tax is a kind of withholding tax which is
prescribed on certain income payments and is creditable against the
income tax due of the payee for the taxable quarter/year in which the
particular income was earned.
Final Withholding Tax is a kind of withholding tax which is prescribed
on certain income payments and is not creditable against the income tax
due of the payee on other income subject to regular rates of tax for the
taxable year. Income Tax withheld constitutes the full and final payment
of the Income Tax due from the payee on the particular income subjected
to final withholding tax.
Withholding Tax on Government Money Payments (GMP) -
Percentage Taxes - is the tax withheld by National Government
Agencies (NGAs) and instrumentalities, including government-owned and
controlled corporations (GOCCs) and local government units (LGUs),
before making any payments to non-VAT registered
taxpayers/suppliers/payees
Withholding Tax on GMP - Value Added Taxes (GVAT) - is the tax
withheld by National Government Agencies (NGAs) and instrumentalities,
including government-owned and controlled corporations (GOCCs) and
local government units (LGUs), before making any payments to VAT
registered taxpayers/suppliers/payees on account of their purchases of
goods and services.
Tax Rates
REVISED WITHHOLDING TAX TABLES
Effective January 1, 2009
DAILY 1 2 3 4 5 6 7 8
Exemption 0.00 0.00 1.65 8.25 28.05 74.26 165.02 412.54
Status (000P) +0% over +5% over +10% over +15% over +20% over +25% over +30% over +32% over
A. Table for employees without qualified dependent
1. Z 0.0 1 0 33 99 231 462 825 1,650
2. S/ME 50.0 1 165 198 264 396 627 990 1,815
B. Table for single/married employee with qualified dependent child(ren)
1. ME1 / S1 75.0 1 248 281 347 479 710 1,073 1,898
2. ME2 / S2 100.0 1 330 363 429 561 792 1,155 1,980
3. ME3 / S3 125.0 1 413 446 512 644 875 1,238 2,063
4. ME4 / S4 150.0 1 495 528 594 726 957 1,320 2,145
WEEKLY 1 2 3 4 5 6 7 8
Exemption 0.00 0.00 9.62 48.08 163.46 432.69 961.54 2,403.85
Status +0% over +5% over +10% over +15% over +20% over +25% over +30% over +32% over
A. Table for employees without qualified dependent
1. Z 0.0 1 0 192 577 1,346 2,692 4,808 9,615
2. S/ME 50.0 1 962 1,154 1,538 2,308 3,654 5,769 10,577
B. Table for single/married employee with qualified dependent child(ren)
1. ME1 / S1 75.0 1 1,442 1,635 2,019 2,788 4,135 6,250 11,058
2. ME2 / S2 100.0 1 1,923 2,115 2,500 3,269 4,615 6,731 11,538
3. ME3 / S3 125.0 1 2,404 2,596 2,981 3,750 5,096 7,212 12,019
4. ME4 / S4 150.0 1 2,885 3,077 3,462 4,231 5,577 7,692 12,500
SEMI-MONTHLY 1 2 3 4 5 6 7 8
Exemption 0.00 0.00 20.83 104.17 354.17 937.50 2,083.33 5,208.33
Status +0% over +5% over +10% over +15% over +20% over +25% over +30% over +32% over
A. Table for employees without qualified dependent
1. Z 0.0 1 0 417 1,250 2,917 5,833 10,417 20,833
2. S/ME 50.0 1 2,083 2,500 3,333 5,000 7,917 12,500 22,917
B. Table for single/married employee with qualified dependent child(ren)
1. ME1 / S1 75.0 1 3,125 3,542 4,375 6,042 8,958 13,542 23,958
2. ME2 / S2 100.0 1 4,167 4,583 5,417 7,083 10,000 14,583 25,000
3. ME3 / S3 125.0 1 5,208 5,625 6,458 8,125 11,042 15,625 26,042
4. ME4 / S4 150.0 1 6,250 6,667 7,500 9,167 12,083 16,667 27,083
MONTHLY 1 2 3 4 5 6 7 8
Exemption 0.00 0.00 41.67 208.33 708.33 1,875.00 4,166.67 10,416.67
Status +0% over +5% over +10% over +15% over +20% over +25% over +30% over +32% over
A. Table for employees without qualified dependent
1. Z 0.0 1 0 833 2,500 5,833 11,667 20,833 41,667
2. S/ME 50.0 1 4,167 5,000 6,667 10,000 15,833 25,000 45,833
B. Table for single/married employee with qualified dependent child(ren)
1. ME1 / S1 75.0 1 6,250 7,083 8,750 12,083 17,917 27,083 47,917
2. ME2 / S2 100.0 1 8,333 9,167 10,833 14,167 20,000 29,167 50,000
3. ME3 / S3 125.0 1 10,417 11,250 12,917 16,250 22,083 31,250 52,083
4. ME4 / S4 150.0 1 12,500 13,333 15,000 18,333 24,167 33,333 54,167
Legend: Z-Zero exemption S-Single ME-Married Employee 1;2;3;4-Number of
qualified dependent children
S/ME = P50,000 EACH WORKING EMPLOYEE Qualified Dependent Child =
P25,000 each but not exceeding four (4) children
USE TABLE A FOR SINGLE/MARRIED EMPLOYEES WITH NO QUALIFIED
DEPENDENT
1. Married Employee (Husband or Wife) whose spouse is unemployed.
2. Married Employee (Husband or Wife) whose spouse is a non-resident
citizen receiving income from foreign sources
3. Married Employee (Husband or Wife) whose spouse is engaged in
business
4. Single
6. Zero Exemption for employees with multiple employers for their 2nd,
3rd..employers (main employer claims personal & additional exemption
7. Zero Exemption for those who failed to file Application for Registration
USE TABLE B FOR THE FOLLOWING SINGLE/MARRIED EMPLOYEES WITH
QUALIFIED DEPENDENT
1. Employed husband and husband claims exemptions of children
2. Employed wife whose husband is also employed or engaged in
business; husband waived claim for dependent children in favor of the
employed wife
3. Single with qualified dependent children
Excise Tax
Description
[return to index]
On minerals and mineral products sold or consigned abroad, the actual cost of ocean freight and insurance shall be
deducted from the tax base.
E. AUTOMOBILES AND OTHER MOTOR VEHICLES
OVER UP TO RATE
0 P 600,000 2%
P600,000 P 1,100,000 P 12,000 + 20% in excess of P 600,000
P1,100,000 P2,100,000 P112,000+ 40% in excess of P1,100,000
P2,100,000 over P512,000 + 60% in excess of P2,100,000
F. NON-ESSENTIAL GOODS