Beruflich Dokumente
Kultur Dokumente
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Basis Ceiling Rule
VAT
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Application for Registration
-apply on RDO where the principal place of business is located
-on or before the commencement of the business
-in case of storage places, within 30 days from the date such premises have been used for storage
-a person who maintains a head office, branch or facility shall register with the RDO having jurisdiction over the head
office, branch or facility (Sec 236)
Certificate of Registration
-must be posted in a conspicuous place in his principal and in each branch office together with the duly validated Registration
Fee Return
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Registration of non-VAT or exempt taxpayer
-every person engaged in business (other than those required to be registered as VAT taxpayers)
-taxpayer required to registered as non-VAT persons are those engage in business under Sec 109 who did not opt to register as
VAT taxpayers
-individuals engage in business where their gross sales or receipt do not exceed 100,000 during any 12-month period (N! they
are required to register but will not be made to pay the registration fee of 500)
-non-stock, non-profit organizations and associations engage in business whose gross sales or receipt do not exceed 1,919,500
for any 12-month period
-cooperatives (other than electric cooperatives) must be registered as non-VAT (N! they too are not required to pay registration
fee)
-radio and TV broadcasting whose gross annual receipts do not exceed 10,000,000 and which do not opt to be VAT registered
-PEZA and other eco-zone registered enterprise enjoying the preferential tax rate of 5% in lien of all taxes
-Subic Bay Metropolitan Authority and other freeport zone registered enjoying the preferential tax rate of 5% in lien of all taxes
-marginal income earners
Change of Address
-a VAT registered person who changed his place of principal business should file a notice in the prescribed form within 15 days
from the date such change was made
>if within the revenue district; file with the RDO
>if from one RDO to another RDO; both his former and new RDO must be notified`
>if changes is in the place of business, or branches or creation of a new branch; RDO where his principal place of
business is situated shall be notified
Information that must appear on sales invoices/official receipts and other commercial invoices from CRM & POS
-VAT taxpayer engaged in mixed transactions; must be broken down to VATable Sales, VAT amount, Zero-Rated Sales and VAT-
exempt Sales
-non-VAT sales receipt, official receipt and commercial invoices (VAT or non-VAT) such as delivery receipts, order slips, purchase
orders, provisional receipts, acknowledgement receipts, collection receipts, credit/debit memo, job orders and sililar
documents used shall have the phrase “THIS DOCUMENT IS NOT VALID FOR CLAIM OF INPUT TAX” be conspicuously printed in
bold letters at the bottom part
-non-VAT principal invoices/official receipts must be issued for transactions not subject to VAT or percentage tax shall have the
word “EXEMPT” thereon
N! registered taxpayer with CRM, POS and other similar machines or software are required to use non-thermal papers only
-tax computation
Output tax (12% of taxable sales/receipts) xx
Less: Input Tax
-Carried over from previous months
-On taxable goods/services --> exclude input taxes claimed or being claimed for refund/tax credit certificate
xx
VAT payable/(excess input tax) xx
Add: Surcharges
Interest
Compromise Penalty xx
Total amount payable/(excess credit) xx
Withholding of VAT
-on government money payments
>for goods = 5% final VAT + 1% (extended withholding tax)
>for services = 5% final VAT + 2% (extended withholding tax)
-on government, GOCCs, private corporations, individuals, estates and trust whether large or non-large taxpayers
>12% VAT for payment for lease or use of properties or property rights owned by the non-residents
>12% VAT for other services rendered in the Philippines by non-residents
>these VAT may be claimed as input tax by said VAT-registered withholding agent; and shall form part of cost of
purchases treated as “asset” or “expense” by the non-VAT registered taxpayer
N! VAT withheld shall be remitted within 10 days following the month the withholding was made using BIR Form 1600
Products classified under this paragraph shall be considered in their original state even if they have undergone the simple
processes of preparation or preservation for the market, such as freezing, drying, salting, broiling, roasting, smoking or
stripping. Polished and/or husked rice, corn grits, raw cane sugar and molasses, ordinary salt and copra shall be considered in
their original state; [55]
(B) Sale or importation of fertilizers; seeds, seedlings and fingerlings; fish, prawn, livestock and poultry feeds, including
ingredients, whether locally produced or imported, used in the manufacture of finished feeds (except specialty feeds for race
horses, fighting cocks, aquarium fish, zoo animals and other animals generally considered as pets);
(C) Importation of personal and household effects belonging to the residents of the Philippines returning from abroad and
nonresident citizens coming to resettle in the Philippines: Provided, That such goods are exempt from customs duties under the
Tariff and Customs Code of the Philippines;
(D) Importation of professional instruments and implements, wearing apparel, domestic animals, and personal household
effects (except any vehicle, vessel, aircraft, machinery other goods for use in the manufacture and merchandise of any kind in
commercial quantity) belonging to persons coming to settle in the Philippines, for their own use and not for sale, barter or
exchange, accompanying such persons, or arriving within ninety (90) days before or after their arrival, upon the production of
evidence satisfactory to the Commissioner, that such persons are actually coming to settle in the Philippines and that the
change of residence is bona fide;
(F) Services by agricultural contract growers and milling for others of palay into rice, corn into grits and sugar cane into raw
sugar;
(G) Medical, dental, hospital and veterinary services except those rendered by professionals. [56]
(H) Educational services rendered by private educational institutions, duly accredited by the Department of Education(DepED),
the Commission on Higher Education (CHED), the Technical Education and Skills Development Authority (TESDA)and those
rendered by government educational institutions; [57]
(J) Services rendered by regional or area headquarters established in the Philippines by multinational corporations which act as
supervisory, communications and coordinating centers for their affiliates, subsidiaries or branches in the Asia-Pacific Region and
do not earn or derive income from the Philippines;
(K) Transactions which are exempt under international agreements to which the Philippines is a signatory or under special laws,
except those under Presidential Decree No. 529; [58]
(L) Sales by agricultural cooperatives duly registered with the Cooperative Development Authority to their members as well as
sale of their produce, whether in its original state or processed form, to non-members; their importation of direct farm inputs,
machineries and equipment, including spare parts thereof, to be used directly and exclusively in the production and/or
processing of their produce;
(M) Gross receipts from lending activities by credit or multi-purpose cooperatives duly registered with the Cooperative
Development Authority;
(N) Sales by non-agricultural, non- electric and non-credit cooperatives duly registered with the Cooperative Development
Authority: Provided, That the share capital contribution of each member does not exceed Fifteen thousand pesos (P15, 000)
and regardless of the aggregate capital and net surplus ratably distributed among the members;
(P) Sale of real properties not primarily held for sale to customers or held for lease in the ordinary course of trade or business or
real property utilized for low-cost and socialized housing as defined by Republic Act No. 7279, otherwise known as the Urban
Development and Housing Act of 1992, and other related laws, residential lot valued at One million pesos (P1,500,000) [59] and
below, house and lot, and other residential dwellings valued at Two million five hundred thousand pesos (P2, 500, 000) [60] and
below: Provided, That not later than January 31, 2009 and every three (3) years thereafter, the amount herein stated shall be
adjusted to their present values using the Consumer Price Index, as published by the National Statistics Office (NSO); [61]
(Q) Lease of a residential unit with a monthly rental not exceeding Ten thousand pesos (P10, 000):[62]Provided, That not later
than January 31, 2009 and every three (3) years thereafter, the amount herein stated shall be adjusted to its present value
using the Consumer Price Index as published by the National Statistics Office (NSO); [63]
(R) Sale, importation, printing or publication of books and any newspaper, magazine review or bulletin which appears at regular
intervals with fixed prices for subscription and sale and which is not devoted principally to the publication of paid
advertisements;
(T) Sale, importation or lease of passenger or cargo vessels and aircraft, including engine, equipment and spare parts thereof
for domestic or international transport operations;
(U) Importation of fuel, goods and supplies by persons engaged in international shipping or air transport operations;
(V) Services of bank, non-bank financial intermediaries performing quasi-banking functions, and other non-bank financial
intermediaries; an
(W) Sale or lease of goods or properties or the performance of services other than the transactions mentioned in the preceding
paragraphs, the gross annual sales and/or receipts do not exceed the amount of One million five hundred thousand pesos
(P1,500,000): Provided, That not later than January 31, 2009 and every three (3) years thereafter, the amount herein stated
shall be adjusted to its present With footnote in the book value using the Consumer Price Index, as published by. the National
Statistics-Office (NSO);