Administrative Compliance on Non-Essential Goods and Mineral Products Subject to Excise Tax Under Title VI

February 2, 1988 REVENUE MEMORANDUM ORDER NO. 05-88 SUBJECT : Administrative Compliance on Non-Essential Goods and Mineral Products Subject to Excise Tax Under Title VI TO : All Internal Revenue Officers and Others Concerned SECTION 1. Scope . Beginning January 1, 1988, under Executive Order No. 273, amending the NIRC, the following articles or goods are subject to the excise tax in addition to the value-added tax: cd i A. Mineral, mineral products and quarry resources (Sec. 151) B. Non-essential goods (Sec. 150) 1) Jewelry, etc. 2) Perfumes and toilet waters 3) Yachts and other vessels intended for pleasure or sports. SECTION 2. Objective. To afford the taxpayers enough time for compliance on the administrative provisions under Title VI of the Tax Code, specifically on the requirements to secure the necessary permit before operation, submission of plot and plan and filing of manufacturer's bond, etc., the compliance thereof is temporarily suspended until such time as the corresponding revenue regulations shall have been promulgated for its implementation. In the meantime a campaign period shall be conducted which shall cover the months of January and February, 1988, devoted solely to the dissemination of information regarding the compliance for registrations. No investigation should be conducted during this period. For this purpose, the Oil and Miscellaneous Tax Division and the Excise Tax Area Chiefs under the direction of the Assistant Commissioner for Excise Tax shall undertake the campaign. However, importation, production and the manufacture of subject articles or goods shall be subject to the corresponding excise taxes upon its removal from customs custody for imported goods and upon withdrawal from the place of production for local articles or goods without any surcharges or interests. After the campaign period, all surcharges and interest shall be imposed. SECTION 3. Effectivity . This Revenue Memorandum Order shall take effect immediately. BIENVENIDO A. TAN, JR. Commissioner ATTACHMENT HANDBOOK ON THE ALPHANUMERIC TAX CODES OR REVENUE SOURCES TABLE OF CONTENTS Kinds of Taxes/Impositions Instructions and Guidelines I. Tax on Income A. Taxes Paid Upon Filing 1. Individual Income Tax 2. Corporate Income Tax B. Taxes Withheld 1. Withholding Tax on Wages 2. Withholding Tax at Source a) Subject to creditable withholding tax b) Subject to final withholding tax II. Tax on Transfers of Property A. Estate Tax B. Donor's Tax III. Value-Added Tax A. On Manufacturing B. On Construction C. On Wholesale & Retail Trade D. On Storage & Warehousing E. On Business Services F. On Community, Personal & Household Services G. On Importation of Goods IV. Other Percentage Taxes A. Tax on Persons Exempt from the Value- Added Tax (VAT) B. Tax on Hotels, Motels, Etc. C. Tax on Caterers D. Tax on Carriers & Keepers of Garages E. Tax on Dealers in Securities & Lending Investors F. Tax on Franchises G. Overseas Communication Tax H. Tax on Banks and Non-bank Financial Intermediaries I. Tax on Finance Companies J. Tax on Insurance Premium K. Tax on Agents of Foreign Insurance Companies L. Amusement Taxes M. Tax on Winnings N. Withholding Tax on Business V. Excise Taxes A. On Alcohol Products B. On Tobacco Products C. On Petroleum Products D. On Miscellaneous Goods E. On Mineral Products VI. Documentary Stamp Taxes VII. Miscellaneous Taxes/Other Revenue Sources A. Tax Amnesty on Income Tax B. Compromise Payments on Delinquent Accounts and Disputed Assessments C. Revenue Sources D. Energy Tax on Excess Electric Power Consumption VIII. Fines and Penalties Annex A. List of Economic Activities Annex B. List of Alphanumeric Tax Codes INSTRUCTIONS AND GUIDELINES A. The Alphanumeric Tax Codes (ATCs) 1. Objective : Alphanumeric tax codes have been assigned to all revenue sources to facilitate the classification and identification of revenues collected by the BIR as well as to provide convenience in the handling and retrieval of such data on revenues. 2. The Alphanumeric Tax Codes : The Alphanumeric Tax Code (ATC) is composed of an alphabetic (2 letters) and numeric (3 numbers) parts. The numeric part is sequential, while the alphabetic part denotes the kind of tax being represented, e.g. , II stands for Income Tax on Individuals, IC for Income Tax on Corporations. The various kinds of taxes and impositions are coded as follows: II - Income Tax on Individuals IC - Income Tax on Corporations WW - Withholding on Wages WI - Withholding Tax, On Individuals WC - Withholding Tax, On Corporations ES - Estate Tax DN - Donor's Tax VM - VAT on Manufacturing VC - VAT on Construction VT - VAT on Wholesale and Retail Trade VS - VAT on Storage and Warehousing VB - VAT on Business Services VH - VAT on Community, Personal & Household Services VI - VAT on Imported Goods PT - Other Percentage Taxes WB - Withholding Tax on Business XA - Excise Taxes - Alcohol Products XT - Excise Taxes - Tobacco Products XP - Excise Taxes - Petroleum Products XG - Excise Taxes - Miscellaneous Goods XM - Excise Taxes - Mineral Products DS - Documentary Stamp Tax MC - Miscellaneous Taxes FP - Fines and Penalties B. Users of the Alphanumeric Tax Codes (ATCs) Collection Agents and Municipal Treasurers shall indicate the corresponding ATCs in the pertinent document to denote the type of tax filed for, collected or reported. Collection Supervisors, Chiefs of Collection Branches and District Offices, Examiners; and others concerned shall be guided by the ATCs in the preparation of collection reports. Staff of the Revenue Accounting Division shall utilize the National Accounting Codes integrated in the Handbook in the recording of revenue collections and the ATCs in reporting collections. C. Organization of the Handbook 1. The Handbook presents the various kinds of taxes and their corresponding ATCs, along with other data pertinent to the collection activity: a. Due Dates when the taxes are due; in case of income taxes, when the first payment/installment is due. b. References pertinent sections in the National Internal Revenue Code of 1988. c. BIR Forms Used forms/returns used in the filing/payment. d. National Accounting Codes codes used to record collections as per the national government's accounting system. 2. Taxes are presented according to the order followed in the National Internal Revenue Code of 1988: I. Tax on Income II. Tax on Transfers of Property III. Value-Added Tax IV. Other Percentage Taxes V. Excise Taxes VI. Documentary Stamp Taxes Additional impositions e.g. , amnesties and fines and penalties, by type of tax are properly coded in Parts VII and VIII of the Handbook. 3. The Tax on Income is arranged according to the manner of payments. Thus, taxes paid upon filing (Compensation income tax of individuals, corporate income tax etc.) are grouped together and taxes that are collected by withholding (tax or interests on bank deposits, withholding on wages, etc.) are classified together. D. Determining the ATC 1. Finding an Alphanumeric Tax Code ( ATC ) In finding the ATC of a particular kind of tax, first determine under which major category the said tax falls, then locate the appropriate ATC using the Table of Contents. Example 1: To locate the ATC of tax on capital gains from sales of real property a. Tax on capital gains from sales of real property is a tax on income of an individual paid upon filing. b. On the Table of Contents such ATC can be found on I.-A.-1, page 1. c. ATC is II040. Example 2: To locate the ATC of tax on sale of saccharine a. Saccharine is one of the goods subject to excise tax and falls under Miscellaneous Goods. b. On the Table of Contents the said tax is under V. Excise Taxes, D. On Miscellaneous Goods, on page 11. c. ATC is XG030. 2. Alphanumeric Tax Codes for VAT ( Part III of the Handbook ) To determine the ATC for a particular business activity under VAT: a. Refer to Annex A of the Handbook, which presents the List of Economic Activities; b. Identify the category under which the business activity falls; c. Select the appropriate business activity subject to VAT on page 7, Part III and its corresponding ATC. Example: To locate the ATC of a business dealing in laundry services a. Referring to Annex A, laundry service falls under Personal and Household Services. b. On page 7, Part F of Value-Added Tax is "On Community, Personal and Household Services". c. ATC is VH010. 3. Cross-references Annex B of the Handbook is an index of all the alphanumeric tax codes with the description of the kinds of taxes/impositions they represent, and the page where they can be found. HANDBOOK OF ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES KINDS OF TAXES/ DUE DATES REFERENCES ALPHA- BIR NAT'L IMPOSITIONS NUMERIC FORMS ACCTG. TAX USED CODES CODES I. Taxes Paid upon Filing 1. Individual Income Tax a) On taxable compensation April 15 Sec. 21(a) II010 1701 1-51-100 business and other Sec. 22(a)(1) 1701A income derived by Sec. 53 - citizens - resident aliens - estates and trusts - nonresident aliens engaged in trade or business in the Philippines b) On taxable income from all sources April 15 Sec. 21(b) II020 1701C 1-51-100 without the Philip- pines derived by nonresident citizens c) On capital gains 1) From sales or dis- Within 30 days Sec. 21(d)(1) II030 1701B-2 1-51-101 position of stocks after the sale Sec. 22(a)(3) not traded in a local stock exchange 2) From sales or dis- Within 30 days Sec. 21 (e) II040 1701E 1-51-101 position of real after the sale Sec. 22(a)(3) property 2. Corporate Income Tax a) Domestic corporations 1) Ordinary domestic April 15* Sec. 24(a) IC010 1702, 1702Q 1-51-200 corporations, on taxable income 2) Partnership, no April 15* Sec. 24(a) IC020 1702, 1702Q 1-51-200 matter how created or organized, but not including general professional, partnerships, on taxable income 3) Private educational April 15* Sec. 24(b) IC030 1702,1702Q 1-51-200 institutions, stock or non-stock, on taxable income 4) Government-owned April 15* Sec. 24(c) IC040 1702,1702Q 1-51-200 or controlled corporations on taxable income 5) Mutual life April 15* Sec. 24(d) IC050 1702,1702Q 1-51-200 insurance companies, on gross investment income 6) Foreign Currency April 15* Sec. 24(e)(3) IC060 1702,1702Q 1-51-200 Depository Units (FCDU's), on taxable income from foreign currency transactions specified by Secretary of Finance b) Resident foreign corporations 1) Ordinary foreign April 15* Sec. 25(a)(1) IC070 1702,1702Q 1-51-200 corporation engaged in trade or business in the Philippines, on taxable income from all sources within the Philippines 2) International carriers - on April 15* Sec. 24(a)(2) IC080 1702,1702Q 1-51-200 gross Philippine billings - Air - Shipping 3) Foreign mutual life April 15* Sec. 24(a)(3) IC090 1702,1702Q 1-51-200 company, on gross investment income from all sources within the Philippines 4) Offshore Banking Units April 15* Sec. 24(a)(4) IC0100 1702,1702Q 1-51-200 (OBU's), and (FCDU's), Sec. 25(a)(5)(B) on taxable income from foreign currency transactions specified by Secretary of Finance c) On capital gains From sales or disposition Within 30 Sec. 24(e)(2)(A) IC110 1701E-2 1-51-201 of stocks days Sec. 25(a)(6)(C)(i) Sec. 25(b)(5)(C)(i) 5. Taxes Withheld 1. Withholding Tax Within 10 days Sec. 72 WW010 143W 1-50-100 on Wages after the month RR 5-85 in which with- holding was made 2. Withholding Tax at Source a) Subject to Within 10 days RR 13-78 PD 1351 creditable with- after the month RMC 51-79, RR 5-85 holding tax in which with- holding was made 1) Professional/ talent fees paid to individuals i) Professionals WI010 1743W 1-51-100 (Lawyers, CPAs, en- gineers, etc.); ii) Professional WI020 1743W 1-51-100 entertainers; iii) Professional athletes; WI030 1743W 1-51-100 iv) Movie, stage, radio, WI040 1743W 1-51-100 television and musical directors; v) Management and WI050 1743W 1-51-100 technical consultants; vi) Business and book- WI060 1743W 1-51-100 keeping agents and agencies; vii) Insurance agents and WI070 1743W 1-51-100 insurance adjusters; and viii) Other recipients of WI080 1743W 1-51-100 talent fees 2) Professional talent fees paid to juridical persons WI090 1743W 3) Rentals - when the gross rental or other payment required to be made as a condition to the continued use or possession of pro- perty, whether real or per- sonal, to which the payor or obligor has not taken or is not taking title or in which he has no equity, exceeds P500 i) Individual WI100 1743W 1-51-100 ii) Corporate WC100 1743W 1-51-200 4) Cinematographic film ren- tals and other payments to resident individuals and corporate cinematographic film owners, lessors or distributors i) Individual WI110 1743W 1-51-100 ii) Corporate WC110 1743W 1-51-200 5) Amounts paid to contractors, on gross payments i) Individual WI120 1743W 1-51-100 ii) Corporate WC120 1743W 1-51-200 6) Income distribution to bene- WI130 1743W 1-51-100 ficiaries, on income distri- buted as determined under Sec. 53 of the NIRC 7) Amounts paid to certain brokers and agents, on gross payments to customs and real estate brokers and agents of professional entertainers i) Individual WI140 1743W 1-51-100 ii) Corporate WC140 1743W 1-51-200 8) Other income subject to expanded withholding i) Individual WI150 1743W 1-51-100 ii) Corporate WC150 1743W 1-51-200 b) Subject to final Within 10 days after the month withholding tax in which withholding was made (except for interest from bank deposits) 1) On interest from Within 25 days bank deposits or after the end yield from deposit of each quarter substitutes, trust fund or similar arrangements i) Individual Sec. 21(c)(1) WI160 1745 1-51-100 ii) Corporate Sec. 24(e)(1) WC160 1745 1-51-200 2) On capital gains from sale or dis- position of stocks traded in a local stock exchange i) Individual Sec. 21(d)(2) WI170 unnumbered 1-51-100 Sec. 22(a)(3) form ii) Corporate Sec. 24(a)(6)(A) WC170 unnumbered 1-51-200 Sec. 25(a)(6)(C)(ii) form Sec. 25(b)(5)(C)(ii) 3) On interest on foreign currency loans payable to i) nonresident foreign Sec. 25(b)(5)(A) WC180 1743W 1-51-200 corporations ii) offshore banking Sec. 24(e)(3) WC190 1743W 1-51-200 units and foreign Sec. 25(a)(4), currency deposit (a)(6)(B) units 4) On dividend payments of domestic corporations to i) citizens or resident Sec. 21 (c)(2) WI200 1743W 1-51-100 aliens ii) nonresident foreign Sec. 25(b)(5)(B) WC210 1743W 1-51-200 corporations iii) non-resident foreign Sec. 25(b)(5)(B) WC220 1743W 1-51-200 corporations whose countries allow a tax- deemed paid credit of 20% 5) On other payments to Sec. 25(b)(1) WC230 1743W 1-51-200 non-resident foreign corporations 6) On profit share of Sec. 21(c)(2) WI240 1743W 1-51-100 individual partners in Sec. 22(a)(2) a taxable partnership 7) On royalties paid to Sec. 21(c)(1) WI250 1743W 1-51-100 citizens and resident aliens 8) On royalties paid Sec. 24(e)(1) WC250 1743W 1-51-200 to juridical persons Sec. 25(a)(6)(A) 9) On awards/prizes Sec. 21(c)(1) WI260 1743W 1-51-100 exceeding P3,000 and other winnings received by citizens and resident aliens 10) On branch profits remittances by i) Companies engaged in Sec. 25(a)(5) WC270 1743W 1-51-200 petroleum operations ii) All other corporations Sec. 25(a)(5) WC280 1743W 1-51-200 except BPZA registered 11) On lease and charter fees payable to non- resident lessors of i) foreign vessels Sec. 25(b)(3) WC290 1743W 1-51-200 ii) aircraft machineries, etc. Sec. 25(b)(4) WC300 1743W 1-51-200 12) On payments to oil PD 1354, EO 33 WC310 1743W 1-51-200 exploration service FIRB Res. 19-87 contractors and subcontractors 13) On payments to alien Sec. 22(c) WI320 1743W 1-51-100 employees of oil Sec. 22(d) exploration service Sec. 22(e) contractors and subcontractors, OBU/ FCDU, regional area headquarters of multi- national companies 14) On payments to non- Sec. 22(b) WI330 1743W 1-51-200 resident alien individuals not engaged in trade or business within the Philippines 15) On payments to non- Sec. 25(b)(2) WC340 1743W 1-51-200 resident foreign corporate cinematographic film owners, lessors or distributors 16) Other incomes subject to final withholding tax ( - On dividends/share in the Sec. 22(e)(2) net profits of taxable part- nership, interests, royalties, prizes and other winning received by non-resident alien individuals - On interest or other Sec. 50(c) payments in tax-free covenant bonds, mortgages, deeds of trust or other obligations ) i) Individual WI350 1743W 1-51-100 ii) Corporate WC350 1743W 1-51-200 II. TAX ON TRANSFER OF PROPERTY A. Estate Tax Within 90 days Sec. 77 ES010 1701 1-52-200 after the decedent's death B. Donor's Tax Within 30 days Sec. 92 DN010 1805 1-52-200 after the date the gift is made III. VALUE-ADDED TAX Within 30 days Secs. 100, 101, 111 following the end of each quarter A. On manufacturing VN010 2550 1-53-900 B. On construction VC010 2550 1-53-901 C. On wholesale & VT010 2550 1-53-902 retail trade D. On storage & ware- VS010 2550 1-53-903 housing E. On business services VB010 2550 1-53-904 F. On community, personal VH010 2550 1-53-905 & household services G. On importation of goods VI010 2550 1-53-101 IV. OTHER PERCENTAGE TAXES Within 20 days following the end of each quarter A. Tax on persons exempt Sec. 112 PT010 1-53-435 from value-added tax (VAT) B. Tax on hotels, motels Sec. 113 PT020 2529Q 1-53-421 and others C. Tax on caterers Sec. 114 PT030 2529Q 1-53-422 D. Tax on carriers and Sec. 115 PT040 2529Q 1-53-423 keepers of garages E. Tax on deslers in Sec. 116 PT050 2529Q 1-53-424 securities and lending investigators F. Tax on franchises a. On electric utilities, Sec. 117(a) PT060 1601 1-53-425 gas and water supplies b. On telephone and/or Sec. 117(b) PT070 1601 1-53-426 telegraph systems, and radio broadcasting station c. On other franchises Sec. 117(c) PT080 1601 1-53-427 G. Tax on overseas dispatch, Sec. 118 PT090 2529Q 1-53-430 message or conversation originating from the Philippines * For corporations employing fiscal year as basis for filing their annual income tax return, due date is the 15th day of the 4th month following the close of such fiscal year. ANNEX A LIST OF ECONOMIC ACTIVITIES A. MANUFACTURING 1. Manufacture of Food, Beverages and Tobacco a. Food manufacturing b. Beverage manufacturing c. Tobacco manufacturing 2. Textile, Wearing Apparel and Leather Industries a. Manufacture of textiles b. Manufacture of wearing apparel, except footwear c. Manufacture of leather and products of leather, leather substitutes and fur, except footwear and wearing apparel d. Manufacture of footwear, except rubber, plastic or wood footwear 3. Manufacture of Wood and Wood Products, Including Furniture and Fixtures a. Manufacture of wood and wood and cork products, except furniture b. Manufacture and repair of furniture and fixtures, except primarily of metal 4. Manufacture of Paper and Paper Products, Printing and Publishing a. Manufacture of paper and paper products b. Printing, publishing and allied industries 5. Manufacture of Chemicals and Chemical Products, Petroleum Coal, Rubber and Plastic Products a. Manufacture of industrial chemicals b. Manufacture of other chemical products c. Petroleum refineries d. Manufacture of miscellaneous products of petroleum and coal e. Manufacture of rubber products f. Manufacture of plastic products, not elsewhere classified 6. Manufacture of Non-Metallic Mineral Products, Except Products of Petroleum and Coal a. Manufacture of pottery, china and earthenware b. Manufacture of glass and glass products c. Manufacture of cement d. Manufacture of other non-metallic mineral products 7. Basic Metal Industries a. Iron and steel basic industries b. Non-ferrous metal basic industries 8. Manufacture of Fabricated Metal Products, Machinery and Equipment a. Manufacture of fabricated metal products, except machinery and equipment and furniture and fixtures primarily of metal b. Manufacture of machinery, except electrical c. Manufacture of electrical machinery, apparatus, appliances and supplies d. Manufacture of transport equipment e. Manufacture of professional and scientific and measuring and controlling equipment not elsewhere classified, and of photographic and optical instruments f. Manufacture and repair of furniture and fixtures primarily of metal 9. Other Manufacturing Industries B. CONSTRUCTION 1. General building construction 2. General engineering construction 3. Special trade construction C. WHOLESALE AND RETAIL TRADE 1. Wholesale Trade a. Farm, forest and marine products, wholesaling b. Processed food, beverages and tobacco products, wholesaling c. Dry goods, textiles and wearing apparel, wholesaling d. Construction materials and supplies, wholesaling e. Office and household furniture, furnishings, and appliances and wares, wholesaling f. Machinery and equipment including transport equipment, dealing g. Minerals, metals and industrial chemicals except crude petroleum, and petroleum products, dealing h. Petroleum and petroleum products, wholesaling i. Wholesaling trade not elsewhere classified 2. Retail Trade a. Books, office, school supplies, including newspaper and magazines, retailing b. Food, beverages and tobacco, retailing c. Dry goods, textile and wearing apparel, retailing d. Construction materials and supplies, retailing e. Office, household furniture and furnishing, fixtures, appliances and wares, retailing f. Transportation, machinery and equipment, accessories and supplies, retailing g. Medical supplies and equipment stores h. Petroleum and other fuel products, retailing i. Retail trade, not elsewhere classified D. STORAGE AND WAREHOUSING E. BUSINESS SERVICES 1. Professional business services 2. Advertising services 3. Machinery and equipment renting and leasing 4. Business services, not elsewhere classified F. COMMUNITY, PERSONAL AND HOUSEHOLD SERVICES 1. Sanitary and similar services 2. Repair and motor vehicles and motorcycles 3. Repair services not elsewhere classified 4. Laundries, laundry services, cleaning and dyeing plants 5. Domestic services 6. Barber shops and beauty shops 7. Photographic studios, including commercial photography and related services 8. Personal services not elsewhere classified ANNEX B LIST OF ALPHANUMERIC TAX CODES ALPHANUMERIC KINDS OF TAXES/IMPOSITIONS TAX CODES I. Income Tax on Individuals II010 - on taxable compensation, business and other income derived by citizens, resident aliens, estates and trusts, and nonresident aliens engaged in trade or business in the Philippines II020 - on taxable income of nonresident citizens from all sources without the Philippines II030 - on capital gains from sales or disposition of stocks not traded in a local stock exchange II040 - on capital gains from sales or disposition of real property II. Income Tax on Corporation IC010 - on taxable income of ordinary domestic corporations IC020 - on taxable income of partnerships, no matter how created or organized, but not including general professional partnerships IC030 - on taxable income of private educational institutions, stock or non-stock IC040 - on taxable income of government-owned or controlled corporations IC050 - on gross investment income of mutual life insurance companies IC060 - on taxable income of foreign currency deposit units (FCDUs), domestic corporations IC070 - on taxable income from the sources within the Philippines of ordinary foreign corporation engaged in trade or business in the Philippines IC080 - on gross Philippine billings of international carriers (air/shipping) IC090 - on gross investment income from all sources within the Philippines of foreign mutual life insurance company IC100 - on taxable income of offshore banking units (OBUs), FCDUs (resident foreign corporations) IC110 - on capital gains from sales or disposition of stocks not traded in a local stock exchange WW010 III. Withholding Tax on Wages IV. Withholding Tax at Source - Individuals WI010 - professionals (CPAs, lawyers, engineers, etc.) WI020 - professional entertainers WI030 - professional athletes WI040 - movie, stage, radio, television and musical directors WI050 - management and technical consultants WI060 - business and bookkeeping agents and agencies WI070 - insurance agents and insurance adjusters WI080 - other recipients of talent fees WI100 - rentals WI110 - cinematographic film rentals and other payments to resident individuals and corporate cinematographic film owners, lessors or distributors WI120 - on gross payments to contractors WI130 - on income distributed to beneficiaries of estates and trusts as determined under Sec. 53 of the NIRC WI140 - on gross payments to customs and real estate brokers and agents of professional entertainers WI150 - on other income subject to expanded withholding WI160 - on interest from bank deposits or yield from deposit substitutes, trust fund or similar arrangements WI170 - on capital gains from sale or disposition of stocks traded in a local stock exchange WI200 - on dividend payments of domestic corporations to citizens or resident aliens WI240 - on profit share of individual partners in a taxable partnership WI250 - on royalties paid to citizens and resident aliens WI280 - on award/prizes exceeding P3,000 and other winnings received by citizens and resident aliens WI320 - on payments to alien employees of oil exploration service contractors and subcontractors, OBUs, FCDUs, regional area headquarters of multinational companies WI330 - on payments to nonresident alien individuals not engaged in trade or business within the Philippines WI350 - on other incomes subject to final withholding tax V. Withholding Tax at Source - Corporations WC090 - professionals talent fees paid to juridical persons WC100 - rentals WC110 - cinematographic film rentals and other payments to resident individuals and corporate cinematographic film owners, lessors and distributors WC120 - on gross payments to contractors WC140 - on gross payments to customs and real estate brokers and agents of professional entertainers WC150 - on other income subject to expanded withholding WC160 - on interest from bank deposits or yield from deposit substitutes, trust fund or similar arrangements WC170 - on capital gains from sale or disposition of stocks traded in a local stock exchange WC180 - on interest from foreign currency loans payable to nonresident foreign corporations WC190 - on interest from foreign currency loans payable to offshore banking units and foreign currency deposit units WC210 - on dividend payments of domestic corporations to nonresident foreign corporations WC220 - on dividend payments of domestic corporations to nonresident foreign corporations whose countries allow a tax-deemed paid credit of 20% WC230 - on other payments to nonresident foreign corporations WC250 - on royalties paid to juridical persons WC270 - on branch profits remittances by companies engaged in petroleum operations WC280 - on branch profits remittances by all other corporations except EPZA registered WC290 - on lease and charter fees payable to nonresident lessors of foreign vessels WC300 - on lease and charter fees payable to nonresident lessors of aircraft, machineries, etc. WC310 - on payments to oil exploration service contractors and subcontractors WC340 - on payments to nonresident foreign corporate cinematographic film owners, lessors or distributors WC350 - on other incomes subject to final withholding tax ES010 VI. Estate Tax DN010 VII. Donor's Tax VIII. Value-Added Tax VM010 - on manufacturing VC010 - on construction VT010 - on wholesale and retail trade VS010 - on storage and warehousing VB010 - on business services VH010 - on community, personal and household services VI010 - on importation of goods IX. Other Percentage Taxes PT010 - tax on persons exempt from VAT PT020 - tax on hotels, motels and others PT030 - tax on caterers PT040 - tax on carriers and keepers of garages PT050 - tax on dealers in securities and lending investors PT060 - tax on franchises of electric utilities, gas and water supplies PT070 - tax on franchises of telephone and/or telegraph systems, and radio broadcasting stations PT080 - tax on other franchises PT090 - tax on overseas dispatch, message or conversation originating from the Philippines PT100 - tax on banks and non-bank financial intermediaries PT110 - tax on finance companies PT120 - tax on insurance premium PT130 - tax on agents of foreign insurance companies PT140 - amusement tax on cockpits PT150 - amusement tax on cabarets, night or day clubs PT160 - amusement tax on boxing exhibitions PT170 - amusement tax on professional basketball games PT180 - amusement tax on jai-alai and race tracks PT190 - tax on winnings X. Withholding Tax on Business WB010 - tax on hotels, motels, and others WB020 - tax on caterers WB030 - tax on carriers and keepers of garages WB040 - tax on franchises of electric utilities, gas and water supplies WB050 - tax on franchises of telephone and/or telegraph systems, and radio broadcasting stations WB060 - tax on other franchises WB070 - tax on insurance premium XI. Excise Taxes - Alcohol Products XA010 - on local distilled spirits produced from sap of nipa coconut, cassava, camote or buri palm, sugarcane XA020 - on local distilled spirits produced in a pot still by small distillers XA030 - on local distilled spirits produced from raw materials other than those mentioned above XA040 - medicinal preparations, flavoring extracts and all other preparations XA050 - sparkling wines, regardless of proof XA060 - still wines containing 14% or less alcohol XA070 - still wines containing over 14% alcohol XA080 - fortified wines XA090 - fermented liquors XII. Excise Taxes - Tobacco Products XT010 - smoking tobacco and other partially manufactured tobacco, except cigars and cigarettes XT020 - chewing tobacco XT030 - cigars XT040 - locally manufactured cigarettes packed in 30's XT050 - locally manufactured cigarettes packed in 20's bearing a foreign brand XT060 - on other locally manufactured cigarettes packed in 20's XT070 - on imported cigarettes XT080 - tobacco inspection fees XIII. Excise Taxes - Petroleum Products XP010 - lubricating oils and greases XP020 - processed gas XP030 - waxes and petrolatum XP040 - denatured alcohol used for motive power XP050 - naphtha, regular gasoline and other similar products of distillation; aviation turbo jet fuel XP060 - fuel oil commercially known as diesel fuel oil and other fuel oils having more or less the same generating capacity; kerosene; liquefied petroleum gas; asphalts; thinners XP070 - fuel oil commercially known as bunker fuel oil and oils having more or less the same generating capacity XIV. Excise Taxes - Miscellaneous Goods XG010 - fireworks XG020 - cinematographic films, including television films or tapes in reels XG030 - saccharine, sodium saccharinate and all its derivatives - automobiles by engine displacement: Gasoline Diesel XG040 up to 1600 cc. up to 1800 cc. XG050 1601 to 2000 cc. 1801 to 2300 cc. XG060 2001 to 2700 cc. 2301 to 3000 cc. XG070 2701 or over 3001 or over XG080 - non-essential goods XV. Excise Taxes - Mineral Products XM010 - coal and coke XM020 - non-metallic minerals and quarry resources XM030 - metallic minerals XM040 - indigenous petroleum DS010 XVI. Documentary Stamp Taxes XVII. Miscellaneous Tax/Other Revenue Sources MC010 - tax amnesty on income tax - for individuals MC020 - tax amnesty on income tax - for corporations MC030 - compromise payments on delinquent accounts and disputed assessments MC040 - income from forfeited properties MC050 - proceeds from resale of estate taken for taxes MC060 - energy tax on excess electric power consumption XVIII. Fines and Penalties FP010 - on tax on income FP020 - on tax on transfers of property FP030 - on tax on value-added tax FP040 - on other percentage taxes FP050 - on excise taxes FP060 - on documentary stamp taxes FP070 - on miscellaneous taxes FP080 - on statutory offenses of BIR officials and employees FP090 - other fines and penalties * For corporations employing fiscal year as basis for filing their annual income tax return, due date is the 15th day of the 4th month following the close of such fiscal year. ** Life and mutual non-life insurance companies are treated as ordinary domestic/resident corporations.