Taxation opt and excise

Domestic carriers and keepers of garages, (Transport of passengers by land)

3%

International air/shipping carriers (Resident Foreign corp) doing business in the Philippines

3%

Gas and water utilities

2%

Radio and television broadcasting companies whose annual gross receipts of the preceding year do not exceed Php10,000,000 and did not opt to register as VAT taxpayer

3%

Overseas dispatch, message or conversation originating from the Philippines Amount paid for the service

10%

Banks and non-bank financial intermediaries performing quasi-banking functions:
If maturity period is five years or less

5%

Banks and non-bank financial intermediaries performing quasi-banking functions:
If maturity period is more than five years

1%

Banks and non-bank financial intermediaries performing quasi-banking functions:
Dividends and equity shares and net income of subsidiaries

0%

Royalties, rentals of property, real or personal, profits from exchange and all other items treated as
gross income under Sec. 32 of the Tax Code, as amended

7%

Life Insurance Company/Agent/Corporation (except purely cooperative companies or associations)

2%

Agents of foreign insurance companies (except reinsurance premium): Insurance agents authorized under the Insurance Code to procure policies of insurance for companies not
authorized to transact business in the Philippines

4%

Owners of property obtaining insurance directly with foreign insurance companies

5%

Proprietor, lessee or operator of the following:
Cockpits, Cabarets, Night or Day Clubs, videoke bars, karaoke bars, karaoke televisions, karaoke boxes and music
lounges

18%

Boxing exhibitions (except when the World or Oriental Championship is at stake in any division,
provided further that at least one of the contenders for World Championship is a citizen of the
Philippines and said exhibitions are promoted by a citizen/s of the Philippines or by a corporation/
association at least 60% of the capital of which is owned by said citizen/s)

10%

Professional basketball games (in lieu of all other percentage taxes of whatever nature and description)

15%

Jai-alai and race track

30%

Winnings on horse races: Winnings or 'dividends’

10%

Winnings on horse races: Winnings from double forecast/quinella and trifecta bets

4%

Winnings on horse races: Prizes of owners of winning race horses

10%

Sale, barter, exchange or other disposition of shares of stock listed and traded through the Local Stock Exchange other than the sale by a dealer of securities Gross selling price or gross value in money

6/10 of 1%

refers to the excise tax imposed which is based on weight or volume capacity or any other physical unit of measurement

Specific Tax

refers to the excise tax which is based on selling price or other specified value of the goods/articles

Ad Valorem Tax

Tax return of excise Tax

2200

excise tax is imposed on gross (Sales)receipts from invasive cosmetic procedures and surgeries

5%

Using purely caloric sweetener, purely non-caloric sweetener, or mixture of both

6%

Using purely coconut sap sugar / purely steviol glycosides

Exempt

Automobile ₱ 0- 600,000

4%

Automobile ₱600,000- 1,000,000

10%

Automobile ₱1,000,000- 4,000,000

20%

Automobile ₱4,000,000

50%