Business Tax Transactions

Sale or importation of agricultural and marine food product in their ORIGINAL STATE

A. VAT exempt

Sale or importation of livestock and poultry of a kind generally used as, or yielding or producing foods for HUMAN CONSUMPTION

A. VAT exempt

Sale or importation of breeding stock and genetic materials therefor.

A. VAT exempt

Sale of marinated fish

A. 12% VAT

Sale of muscovado sugar

A. VAT exempt

Sale or lease of goods or properties or the performance of services other than transactions mentioned, GROSS ANNUAL SALES and RECEIPT do not exceed the amount of 3M

CC. VAT exempt

Sale or importation of CAPITAL EQUIPMENT necessary for the production of Personal Protective Equipment (COVID-19)

BB. VAT exempt (Jan 2021-Dec 2023)

Sale or importation of all drugs, vaccines, and medical devices (COVID-19)

BB. VAT exempt (Jan 2021-Dec 2023)

Sale or importation of drugs for the treatment of COVID-19 approved by the FDA for use in clinical trials (and raw materials used)

BB. VAT exempt (Jan 2021-Dec 2023)

Sale or importation of prescription drugs and medicines for DIABETES, HIGH CHOLESTEROL, and HYPERTENSION (DHcHt)

AA. VAT exempt (Jan 2020-)

Sale or importation of prescription drugs and medicines for CANCER, MENTAL ILLNESS, TUBERCULOSIS, and KIDNEY DISEASES (CMTK)

AA. VAT exempt (Jan 2021-)

Sale of GOLD to BSP

Z. VAT exempt (Jan 2018-)

Association dues, membership fees, other assessment and charges collected on a PURELY REIMBURSEMENT BASIS by Homeowners' Associations and Condoninium Corporations.

Y. VAT exempt (Jan 2018-)

Transfer of property pursuant to Sec 40 of the Tax Code

X. VAT exempt

Sale or lease of goods and services to SENIORNCITIZENS and PWD.

W. VAT exempt

Services of banks, non-bank financial intermediaries performing quasi-banking functions, and other non-bank financial intermediaries such as money changers and pawnshops.

V. OPT

Importation of fuel, goods, and supplies by persons engaged in INTERNATIONAL SHIPPING or AIR transport operations. (Exclusive to the transport of goods and/or passenger from PH TO Foreign without stopping)

U. VAT exempt

Importation of fuel, goods, and supplies by persons engaged in INTERNATIONAL SHIPPING or AIR transport operations. (for purposes other than transporting)

U. 12% VAT

Sale, importation or lease of passenger or cargo vessels and aircraft for DOMESTIC or INTERNATIONAL transport

T. VAT exempt

Transport of PASSENGERS by INTERNATIONAL CARRIERS (RFC) doing business in the PH.

S. VAT exempt

Transport of CARGO or GOODS by INTERNATIONAL CARRIERS (RFC) doing business in the PH.

S. OPT

Transport of PASSENGERS by LAND by DOMESTIC COMMON CARRIERS traveling within the PH.

S. OPT

Transport of PASSENGERS by LAND by DOMESTIC COMMON CARRIERS traveling from PH to Abroad.

S. 0% VAT

Transport of PASSENGERS by AIR/SEA by DOMESTIC COMMON CARRIERS traveling within the PH.

S. 12% VAT

Transport of PASSENGERS by LAND by DOMESTIC COMMON CARRIERS traveling from the PH to Abroad.

S. 0% VAT

Transport of CARGO/GOODS by LAND by DOMESTIC COMMON CARRIERS traveling within the PH.

S. 12% VAT

Transport of CARGO/GOODS by LAND by DOMESTIC COMMON CARRIERS traveling from the PH to Abroad.

S. 0% VAT

Sale, importation, printing or publication of books, and any newspaper, magazine, journal, review bulletin, electronic format, or any such educational reading material covered by UNESCO. (not devoted for paid advertisements)

R. VAT exempt

Sale of real properties not primarily held for sale or for lease in the ordinary course of trade and business.

P. VAT exempt (Jan 2021-)

Sale of real property held primarily for sale to customers or held for elase in the ordinary course of trade or business.

P. 12% VAT

Sale of real property used in the trade or business of the seller

P. 12% VAT

Sale of real property utilized for "socialized housing."

P. VAT exempt

House and lot — 450,000

Residential lot only — 180,000

Sale of House and Lot and Other Residential Dwellings with selling price of not more than ______

P. VAT exempt

Lot Only —- 1,919,500

Residential Dwellings — 3,199,200

Sale of residential house and lot and other residential dwellings if the SP is more than 3,199,200

P. 12% VAT

Sale of residential lot

P. 12% VAT

Sale of commercial lot/units.

P. 12% VAT

Sale of other real properties not specifically provided under the law as. vat-exempt.

P. 12% VAT

Lease of residential unit with a MONTHLY rental per unit not exceeding 15,000 regardless of the aggregate.

Q. VAT exempt

Lease of residential units where the monthly rental per unit EXCEEDS 15,000 BUT the aggregate does not exceed 3M

Q. VAT exempt, OPT

Several Residential Units; some are leased out not exceeding 15,000, some exceeding 15,000.

Q. Rentals not exceeding 15,000 are VAT exempt. Rentals exceeding 15,000 are VATABLE if ANNUALS from those exceeding 15k exceed 3M. Otherwise, OPT.

EXPORT sales by persons who are NOT VAT registered.

O. VAT exempt

EXPORT sales by persons who are VAT registered

O. 0% VAT

Sales by NON-AGRICULTURAL, NON-ELECTRIC, and NON-CREDIT cooperatives, share capital contribution of each member does NOT exceed 15,000.

N. VAT exempt

Sales by NON-AGRICULTURAL, NON-ELECTRIC, and NON-CREDIT cooperatives, share capital contribution of each member EXCEEDS 15,000.

N. 12% VAT

Importation by NON-AGRICULTURAL, NON-ELECTRIC, and NON-CREDIT cooperatives of machineries and equipment.

N. 12% VAT

Gross receipts from LENDING activities by credit or multipurpose cooperatives.

M. VAT exempt (members and nonmembers)

Gross receipts from NON-LENDING activities by credit or multipurpose cooperatives.

M. 12% VAT (members and nonmembers)

Sales by AGRICULTURAL cooperatives (own produce) to members.

L. VAT exempt

Sales by AGRICULTURAL cooperatives (own produce) to non-members.

L. VAT exempt

Sales by AGRICULTURAL cooperatives (other than own produce) to members.

L. VAT exempt

Sales by AGRICULTURAL cooperatives (other than own produce) to non-members.

L. 12% VAT

Transactions which are exempt under INTERNATIONAL AGREEMENTS to which the PH is a signatory or under special laws.

K. VAT exempt

Services rendered by REGIONAL or area headquarters established in the PH by MULTINATIONAL corporations… do not earn pr derive income from the PH.

J. VAT exempt

Services renderd by INDIVIDUALS pursuant to an employer-employee relationship.

I. VAT exempt

Educational services rendered by provate educational institutions accredited by DepEd, CHED, TESDA.

H. VAT exempt

Educational services rendered by givernment educational institutions.

H. VAT exempt

Medical, dental, hospital, and veterinary services EXCEPT those rendered by professionals

G. VAT exempt

Laboratory services

G. VAT exempt

Sale of drugs and medicines, if the hospital or clinic operates a pharmacy or drugstore.

G. 12% VAT

Sales made by the drugstore to the in-patients which are included in the hospital bills.

G. VAT exempt

Sales of the drugstore to out-patients.

G. 12% VAT

Health Maintenance Organization (HMO), unless they directly provide medical services to their clients.

G. 12% VAT

Services by AGRICULTURAL CONTRACT GROWERS

F. VAT exempt

Services by MILLING for others of palay into rice, corn into grits, sugar cane into raw sugar.

F. VAT exempt

Services subject to percentage tax.

E. VAT exempt

Importation of professional INSTRUMENTS and IMPLEMENTS, tools of trade, occupation or employment, wearing apparel, domestic animals, and personal household effects.

D. VAT exempt

Importation of personal and household effects belonging to residents of the PH returning from abroad, pr NRC resettling in the PH.

C. VAT exempt, and exempt from custom duties

Sale or importation of fertilizers, seeds, seedlings, and fingerlings, fish, prawn, livestock, and poultry feeds + ingredients.

B. VAT exempt

Sale or importation of specialty feeds

B. 12% VAT

Transfer, use or consumption NOT in the ordinary course of business of goods or properties prdinarily intended for sale or use in the course of business

TDS, 12% VAT

Distribution or transfer to shareholders or investors as share in the profits of a VAT-registered person

TDS, 12% VAT

Distribution or transfer to creditors in payment of debt or obligation

TDS, 12% VAT

Consignments of goods if actual sale is not made withon sixty days following the date such goods were consigned.

TDS, 12% VAT

Retirement from or cesdatipm of status as vat registered person with respect to all "goods on hand", whether or not the business is continued by the new owner or successor.

TDS, 12% VAT

Change of control of a corporation by acquisition of the controlling interest of such corporation by another stockholder or group of stockholders.

VAT EXEMPT

Change in the trade or corporate name of the taxpayer

VAT EXEMPT

Merger or consolidation of corporations

VAT EXEMPT

Sale and actual shipment of goods from the PH to a foreign country paid for in acceptable foreign currency or its equivalent

0% VAT

Tax on person exempt from VAT

116. 3%

Domestic Carriers and Garage

117. 3%

International Carriers

118. 3%

Franchise, Gas and Water

119. 2%

Franchise, Radio and TV

119. 3%

Overseas Communication Tax

120. 10%

Bank and Non-Bank Financial Intermediaries, 5 yrs or less

121. 5%

Bank and Non-Bank Financial Intermediaries, more than 5 yrs

121. 1%

Bank and Non-Bank Financial Intermediaries, Dividends and Equity Shares

121. 0%

Bank and Non-Bank Financial Intermediaries, Royalties

121. 7%

Bank and Non-Bank Financial Intermediaries, Net Trading

121. 7%

Other Bank and Non-Bank Financial Intermediaries, Gross Income

122. 5%

Other Bank and Non-Bank Financial Intermediaries, 5 yrs or less

122. 5%

Other Bank and Non-Bank Financial Intermediaries, more than 5 yrs

122. 1%

Life Insurance Premiums

123. 2%

Agents of Foreign Insurance, Agents

124. 4%

Agents of Foreign Insurance, Owners

124. 5%

Amusement, Boxing

125. 10%

Amusement, Basketball

125. 15%

Amusement, Boxing (world championship, filipino contender, at least 60% filipino owned corpo)

125. Exempt

Amusement, Cockpits Cabarets Night or Day Clubs (Lotto MV)

125. 18%

Amusement, Jai-alai and Racetracks

125. 30%