Prescribing a Revised Handbook on Alphanumeric Tax Codes (ATCs) of Revenue Sources (NIRC 1997)

February 10, 1999 REVENUE MEMORANDUM ORDER NO. 14-99 SUBJECT : Prescribing a Revised Handbook on Alphanumeric Tax Codes (ATCs) of Revenue Sources (NIRC 1997) TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officials and Employees Concerned I. OBJECTIVE: In view of the provisions in the new National Internal Revenue Code of 1997 known as the "Comprehensive Tax Reform Program" under R.A. 8424, the Handbook on Alphanumeric Tax Codes has been modified. All internal revenue employees, deputized collection agents and other revenue officers concerned whose functions include the preparation of Revenue Payment Orders, Revenue Official Receipts and/or acceptance of all other documents where Alphanumeric Tax Codes are required, must use the updated Alphanumeric Tax Codes to ensure accuracy of statistical information derived from them and to facilitate proper accounting and monitoring of internal revenue collections. This order is also issued to prescribe the appropriate Alphanumeric Tax Codes (ATCs) to be used in the various Application Systems of the Integrated Tax System (ITS). II. REPEALING CLAUSE: This Revenue Memorandum Order supersedes all previous Revenue Memorandum Orders (RMOs) that were created in relation to Alphanumeric Tax Codes (ATCs). III. EFFECTIVITY: This Revenue Memorandum shall take effect immediately. llcd (SGD.) BEETHOVEN L. RUALO Commissioner of Internal Revenue HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES KIND OF TAXES/IMPOSITIONS TAX RATES DUE DATES REFERENCES Tax Codes FORMS Chart of Accounts (ATC) USED Code (SGCA) I. TAX ON INCOME A. Taxes Paid upon Filing 1. Individual Income Tax a) On taxable compensation, business and other income 5% - 34%, 1998 On or before April 15 of each year Sec. 24(A)(1)(a), (b), (c) 1701, 1701Q derived by citizens, resident aliens, estates and trust, 5% - 33%, 1999 and Sec. 60 of RA 8424 1700 non-resident aliens engaged in trade or business in 5% - 32%, 2000 the Philippines 1) Pure Compensation II011 1700 1-51-100 2) Pure Business II012 1701/1701Q 1-51-100 3) Mixed Income II013 1701/1701Q 1-51-100 b) On Capital Gains From Sale of Shares of Stock not Traded in the Local 5%, 10% Within 30 days following Sec. 24(C) of RA 8424 II030 1707 1-51-100 Stock Exchange each sale or other disposition c) Rent for Personal Property regardless of the amount 5% - 34%, 1998 On or before April 15 of each year Sec. 24(A) & Sec. 32(A)(5) II051 2304/1701/1701Q 1-51-100 5% - 33%, 1999 Quarterly returns shall be of RA 8424 5% - 32%, 2000 filed and taxes paid on: 1st quarter - May 15 2nd quarter - Aug 15 3rd quarter - Nov 15 d) Premium and Annuity 5% - 34%, 1998 On or before April 15 of each year Sec. 24(A) & Sec. 32(A)(8) II060 2304/1701/1701Q 1-51-100 5% - 33%, 1999 Quarterly returns shall be of RA 8424 5% - 32%, 2000 filed and taxes paid on: 1st quarter - May 15 2nd quarter - Aug 15 3rd quarter - Nov 15 e) Pensions 5% - 34%, 1998 On or before April 15 of each year Sec. 24(A) & Sec. 32(A)(10) II070 2304/1701/1701Q 1-51-100 5% - 33%, 1999 Quarterly returns shall be of RA 8424 5% - 32%, 2000 filed and taxes paid on: 1st quarter - May 15 2nd quarter - Aug 15 3rd quarter - Nov 15 f) Transportation contractors for the Carriage of Goods 5% - 34%, 1998 On or before April 15 of each year Sec. 2.57.2(E)(4)(e) of II090 2304/1701/1701Q 1-51-100 and Merchandise below P2,000 5% - 33%, 1999 Quarterly returns shall be RR No. 2-98 5% - 32%, 2000 filed and taxes paid on: 1st quarter - May 15 2nd quarter - Aug 15 3rd quarter - Nov 15 g) Interest not subject to withholding 5% - 34%, 1998 On or before April 15 of each year Sec. 24(A) & Sec. 32(A)(4) II110 2304/1701/1701Q 1-51-100 5% - 33%, 1999 Quarterly returns shall be of RA 8424 5% - 32%, 2000 filed and taxes paid on: 1st quarter - May 15 2nd quarter - Aug 15 3rd quarter - Nov 15 h) Prizes amounting to P10,000 or less 5% - 34%, 1998 On or before April 15 of each year Sec. 24(A) & Sec. 32(A)(9) II120 2304/1701/1701Q 1-51-100 5% - 33%, 1999 Quarterly returns shall be of RA 8424 filed and taxes paid on: 1st quarter - May 15 2nd quarter - Aug 15 3rd quarter - Nov 15 i) Other Fixed and Determinable Gains, Profit and Loss 5% - 34%, 1998 On or before April 15 of each year Sec. 24(A) & Sec. 32(A)(3) II080 2304/1701/1701Q 1-51-100 5% - 33%, 1999 Quarterly returns shall be of RA 8424 5% - 32%, 2000 filed and taxes paid on: 1st quarter - May 15 2nd quarter - Aug 15 3rd quarter - Nov 15 j) Partner's distributive share from the net income of the 5% - 34%, 1998 On or before April 15 of each year general professional partnerships 5% - 33%, 1999 Quarterly returns shall be 5% - 32%, 2000 filed and taxes paid on: 1st quarter - May 15 2nd quarter - Aug 15 3rd quarter - Nov 15 2. Corporate Income Tax In general the due date for filing would depend on the accounting period being adopted by taxpayer (either calendar yr. or fiscal yr.) a) Domestic corporations 1) Ordinary domestic corporations on taxable income 34% - 1998, On or before the 15th day Sec. 27(A) of RA 8424 IC010 1702, 1702Q 1-51-200 33% - 1999 of the 4th month following Sec. 75 of RA 8424 1702AIF-1 & 32% - 2000 the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year 2) Non-Stock Non-profit Organizations April 15; (Annual Info. Return) Sec. 30(E) & Sec. 30 last IC011 1702, 1702AIF-3 1-51-200 paragraph of RA 8424 3) Partnerships, no matter how created or organized, 34% - 1998, Dependent on the accounting Sec. 22(B) of RA 8424 IC020 1702, 1702Q 1-51-200 but not including general professional, partnership, 33% - 1999 period adopted by the taxpayer Sec. 27(A) of RA 8424 1702AIF-1 on taxable income & 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year 4) General Professional Partnerships Exempt April 15 Sec. 26 of RA 8424 IC021 1702, 1702AIF-2 1-51-200 5) Proprietary Educational Institutions and Hospitals 10% or 34% - 1998, Dependent on the accounting Sec. 27(B) of RA 8424 IC030 1702, 1702Q, 1-51-200 33% - 1999 & period adopted by the taxpayer 1702AIF-1 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year 6) Government-owned or Controlled corporations, 34% - 1998, Dependent on the accounting Sec. 27(C) of RA 8424 IC040 1702, 1702Q 1-51-200 Agencies, or Instrumentalities 33% - 1999 period adopted by the taxpayer 1702AIF-1 & 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year b) Resident Foreign Corporations 1) Ordinary Foreign corporation engaged in trade or 34% - 1998 Dependent on the accounting Sec. 28(A)(1) of RA 8424 IC070 1702, 1702Q 1-51-200 business in the Philippines, on taxable income from 33% - 1999 period adopted by the taxpayer 1702AIF-1 all sources within the Philippines 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year 2) International carriers on gross Philippine billings 2.50% Dependent on the accounting Sec. 28(A)(3)(a) & (b) IC080 1702, 1702Q 1-51-200 period adopted by the taxpayer of RA 8424 1702AIF-1 on or before the 15th day of the 4th month following the close of the taxable year i) Air ii) Shipping c) Capital Gains Sec. 27(D)(2) of RA 8424 From Sale of Shares of Stock not Traded in the 5%, 10% Within 30 days following each Sec. 28(A)(7)(c) of RA 8424 IC110 1707 1-51-200 Local Stock Exchange sale or other disposition Sec. 28(B)(5)(c) of RA 8424 d) Prizes regardless of the amount (Corporate) 34% - 1998, Dependent on the accounting Sec. 27(A) & Sec. 32(A)(9) IC120 2304/1702/1702Q 1-51-200 33% - 1999 period adopted by the taxpayer of RA 8424 1702AIF-1 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year e) Rent for Personal Property regardless of the amount 34% - 1998 Dependent on the accounting Sec. 27(A) & Sec. 32(A)(5) IC130 2304/1702/1702Q 1-51-200 33% - 1999 period adopted by the taxpayer of RA 8424 1702AIF-1 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year f) Premium and Annuity 34% - 1998 Dependent on the accounting Sec. 27(A) & Sec. 32(A)(8) IC140 2304/1702/1702Q 1-51-200 33% - 1999 period adopted by the taxpayer of RA 8424 1702AIF-1 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year g) Transportation contractors for the Carriage of Goods 34% - 1998 Dependent on the accounting Sec. 2.57.2(E)(4)(e) of IC160 2304/1702/1702Q 1-51-200 and Merchandise below P2,000 33% - 1999 period adopted by the taxpayer RR No. 2-98 1702AIF-1 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year h) Interest not subject to withholding tax 34% - 1998 Dependent on the accounting Sec. 27(A) & Sec. 32(A)(4) IC170 2304/1702/1702Q 1-51-200 33% - 1999 period adopted by the taxpayer of RA 8424 1702AIF-1 32% - 2000 on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year i) On improperly accumulated earnings tax 10% Dependent on the accounting Sec. 29(A) of RA 8424 IC370 1702 1-51-200 period adopted by the taxpayer on or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year j) Other Fixed and Determinable Gains, Profit and Loss 34% - 1998 Dependent on the accounting Sec. 32(A)(3) of RA 8424 IC150 2304/1702/1702Q 1-51-200 33% - 1999 period adopted by the taxpayer 1702AIF-1 32% - 2000 On or before the 15th day of the 4th month following the close of the taxable year Quarterly returns shall be filed and the tax paid within sixty (60) days from the close of each of the first three (3) quarters of the taxable year B. Taxes Withheld 1. Withholding Tax on Compensation On or before 10th day of the Sec. 78 of RA 8424 WW010 1601 1-51-100 month following the month in which w/holding was made 2. Withholding Tax at Source a) Subject to creditable withholding tax W/in 10 days after the end Sec. 57(B) of RA 8424 of each month 1) Professional/talent fees paid to individual Sec. 2.57.2(A) of RR No. 2-98 i) Professionals (lawyers, CPAs, engineers, etc.); 10% W/in 10 days after the end Sec. 2.57.2(A)(1) of WI010 1601 1-51-100 of each month RR No. 2-98 ii) Professional talent fees paid to juridical persons 5% W/in 10 days after the end Sec. 2.57.2(B) of WC010 1601 1-51-200 of each month RR No. 2-98 iii) Professional entertainers; 10% W/in 10 days after the end Sec. 2.57.2(A)(2) of WI020 1601 1-51-100 of each month RR No. 2-98 iv) Professional athletes; 10% W/in 10 days after the end Sec. 2.57.2(A)(3) of WI030 1601 1-51-100 of each month RR No. 2-98 v) Movie, stage, radio, television and musical 10% W/in 10 days after the end Sec. 2.57.2(A)(4) of WI040 1601 1-51-100 directors of each month RR No. 2-98 vi) Management and technical consultants; 10% W/in 10 days after the end Sec. 2.57.2(A)(6) of WI050 1601 1-51-100 of each month RR No. 2-98 vii) Business and bookkeeping agents and agencies 10% W/in 10 days after the end Sec. 2.57.2(A)(7) of WI060 1601 1-51-100 of each month RR No. 2-98 viii) Insurance agents and insurance adjusters; and 10% W/in 10 days after the end Sec. 2.57.2(A)(5) of WI070 1601 1-51-100 of each month RR No. 2-98 ix) Other recipients of talent fees 10% W/in 10 days after the end Sec. 2.57.2(A)(8) of WI080 1601 1-51-100 of each month RR No. 2-98 x) Fees of directors who are not employees of the 10% W/in 10 days after the end Sec. 2.57.2(A)(9) of WI090 1601 1-51-100 company of each month RR No. 2-98 2) Rentals on gross for the continued use or possession W/in 10 days after the end of real property used in business which the payor of each month or obligor has not taken or is taking title, or in which he has no equity i) Individual 5% Sec. 2.57.2(C) of RR No. 2-98 WI100 1601 1-51-100 ii) Corporate 5% Sec. 2.57.2(C) of RR No. 2-98 WC100 1601 1-51-200 3) Cinematographic film rentals and other payments W/in 10 days after the end to resident individuals and corporate of each month cinematographic film owners, lessors or distributors i) Individual 5% Sec. 2.57.2(D) of RR No. 2-98 WI110 1601 1-51-100 ii) Corporate 5% Sec. 2.57.2(D) of RR No. 2-98 WC110 1601 1-51-200 4) Income payments to certain contractors, on gross W/in 10 days after the end payments of each month i) Individual 1% Sec. 2.57.2(E) of RR No. 2-98 WI120 1601 1-51-100 ii) Corporate 1% Sec. 2.57.2(E) of RR No. 2-98 WC120 1601 1-51-200 5) Income distribution to beneficiaries of estates and 15% W/in 10 days after the end Sec. 2.57.2(F) of RR No. 2-98 WI130 1601 1-51-100 trusts of each month 6) Amounts paid to certain brokers and agents; i.e. W/in 10 days after the end customs, insurance, real estate and commercial of each month brokers and fees of agents of professional entertainers i) Individual 5% Sec. 2.57.2(G) of RR No. 2-98 WI140 1601 1-51-100 ii) Corporate 5% Sec. 2.57.2(G) of RR No. 2-98 WC140 1601 1-51-200 7) Payments to medical practitioners through a duly 5% W/in 10 days after the end Sec. 2.57.2(1)(b) of RR 12-98 WC141 1601 1-51-200 registered professional partnership for the practice of each month of the medical profession 8) Professional fees paid to medical practitioners by 10% W/in 10 days after the end Sec. 2.57.2(I) of RR No. 2-98 WI151 1601 1-51-100 Hospitals/Clinics of each month 9) Payment to partners in general professional 10% W/in 10 days after the end Sec. 2.57.2(H) of RR No. 2-98 WI152 1601 1-51-100 partnerships of each month 10) Sale, exchange or transfer of real property other W/in 10 days after the end than capital assets, sold by an individual, corp., of each month estate, trust i) Individual 1.5%,3%,5%,7.5% Sec. 2.57.2(J) of RR No. 2-98 WI155 1606 1-51-100 ii) Corporate 1.5%,3%,5%,7.5% Sec. 2.57.2(J) of RR No. 2-98 WC155 1606 1-51-200 11) Income payments made by credit card companies W/in 10 days after the end i) Individual 1/2% of 1% of each month Sec. 2.57.2(L) of RR No. 2-98 WI156 1601 1-51-100 ii) Corporate 1/2% of 1% Sec. 2.57.2(L) of RR No. 2-98 WC156 1601 1-51-200 12) Income payments made by government offices on W/in 10 days after the end their purchase of goods and services from local of each month suppliers i) Individual 1% Sec. 2.57.2(N) of RR No. 2-98 WI157 1601 1-51-100 ii) Corporate 1% Sec. 2.57.2(N) of RR No. 2-98 WC157 1601 1-51-200 13) Income payments made by top 5,000 corporations Within 25 days after the end to local suppliers of goods each month i) Individual 1% Sec. 2.57.2(M) of RR No. 2-98 WI158 1601 1-51-100 ii) Corporate 1% Sec. 2.57.2(M) of RR No. 2-98 WC158 1601 1-51-200 14) Additional income payments to gov't. personnel 15% Within 10 days after the end Sec. 2.57.2(K) of RR No. 2-98 WI159 1601 1-51-100 from importers, shipping and airline companies each month or their agents for overtime services b) Subject to final withholding tax Within 25 days from the close of each calendar quarter 1) On interest from bank deposits and yield or any other monetary benefits from deposit substitutes, trust fund or similar arrangements: i) From bank deposits Within 25 days from the close of each calendar quarter - Individual 20% Sec. 2.57.1(A)(1) of RR No. 2-98 WI161 1602 1-51-100 - Corporate 20% Sec. 28(A)(7)(a) of RA 8424 WC161 1602 1-51-200 Sec. 27(D)(1) of RA 8424 Sec. 2.57.1(G)(1) of RR No. 2-98 ii) From Treasury Bills and Other Government Within 25 days from the close Securities of each calendar quarter - Individual Sec. 24(B)(1) of RA 8424 WI162 1602 1-51-100 - Corporate 20% Sec. 27(D)(1); 28(A)(7)(a) WC162 1602 1-51-200 of RA 8424 iii) From deposit substitutes, trusts funds and other Within 25 days from the close similar arrangements of each calendar quarter - Individual Sec. 24(B)(1) of RA 8424 WI163 1602 1-51-100 - Corporate 20% Sec. 28(A)(7)(a); 27(D)(1) WC163 1602 1-51-200 of RA 8424 2) On foreign currency deposits Within 25 days from the close of each calendar quarter - Resident-Individual 7.5% Sec. 24(B)(1) of RA 8424 WI170 1602 1-51-100 Sec. 2.57.1(A)(3) of RR No. 2-98 - Resident-Corporate 7.5% Sec. 28(A)(7)(a); 27(D)(1) WC170 1602 1-51-200 of RA 8424 Sec. 2.57.1(G)(3); (H)(4) of RR No. 2-98 3) On interest on foreign currency loans payable to 20% Within 10 days after the end Sec. 28(B)(5)(a) of RA 8424 WC180 1601 1-51-200 non-resident foreign corporations of each month Sec. 2.57.1(I)(5) of RR No. 2-98 4) Interest on income and other income on foreign 10% Within 10 days after the end Sec. 28(A)(4) & (7)(b) WC190 1601 1-51-200 currency transactions/loans payable to OBU/FCDU of each month of RA 8424 Sec. 2.57.1(G)(4) & (H)(1)(5) of RR No. 2-98 5) On dividend payments of domestic corporation to Within 10 days after the end of each month i) citizens or resident aliens 6%-1998; 8%-1999 1-51-100 10%-2000 & thereafter - cash Sec. 24(B)(2) of RA 8424 WI202 1601 1-51-100 - property Sec. 2.57.1(A)(5) of RR No. 2-98 WC203 1601 1-51-100 ii) non-resident foreign corporations Within 10 days after the end Sec. 2.57.1(I)(c) of of each month RR No. 2-98 - cash 34% - 1998 Sec. 28(B)(5)(b) of RA 8424 WC212 1601 1-51-200 33% - 1999 32% - 2000 & thereafter - property WC213 1601 1-51-200 iii) non-resident foreign corporations whose Within 10 days after the end countries allow a tax-deemed paid credit of of each month 20% for 1997, 19% for 1998, 18% for 1999, & 17% thereafter (subject to tax sparing rule) - cash 15% Sec. 28(B)(5)(b) of RA 8424 WC222 1601 1-51-200 - property 15% Sec. 2.57.1(I)(6) of WC223 1601 1-51-200 RR No. 2-98 iv) non-resident alien engaged in trade or Within 10 days after the end business (NRAETB) of each month - cash 20% Sec. 25(A)(2) of RA 8424 WI224 1601 1-51-100 - property 20% Sec. 2.57.1(B)(1)(a) of WI225 1601 1-51-100 RR No. 2-98 v) share of a non-resident alien (NRA) individual in 20% Within 10 days after the end Sec. 25(A)(2) of RA 8424 WI226 1601 1-51-200 the distributable net income after tax of a of each month Sec. 2.57.1(B)(1)(b) of RR 2-98 partnership (except a GPP) of which he is a partner, or the share of a NRA individual in the net income after tax of an association, a joint account, or a joint venture taxable as a corporation of which he is a member or a co-venturer 6) On payments to non-resident foreign corporation 34% - 1998 Within 10 days after the end Sec. 28(B)(1) of RA 8424 WC230 1601 1-51-200 not engaged in trade or business in the Philippines 33% - 1999 of each month Sec. 2.57.1(I)(1) of 32% - 2000 RR No. 2-98 & thereafter 7) On profit share of individual partners in a taxable 6%-1998, 8%-1999 Within 10 days after the end Sec. 24(B)(2) of RA 8424 WI240 1601 1-51-100 partnerships, association, a joint account, or a 10%-2000 of each month joint venture or consortium & thereafter 20% Sec. 25(A)(2) of RA 8424 8) Other royalties paid to citizens, resident aliens and 20% Within 10 days after the end Sec. 24(B)(1) & Sec. 25(A)(2) WI250 1601 1-51-100 non-resident aliens engaged in trade or business of each month of RA 8424 in the Philippines. Sec. 2.57.1(A)(1) & (B)(d) of RR No. 2-98 9) On royalties paid to domestic and resident foreign 20% Within 10 days after the end Sec. 27(D)(1) of RA 8424 WC250 1601 1-51-200 corporation (juridical persons) of each month Sec. 2.57.1(G)(2) of RR No. 2-98 10) On prizes exceeding P10,000 and other winnings 20% Within 10 days after the end Sec. 24(B)(1); 25(A)(2) WI260 1601 1-51-100 paid to citizens, resident aliens and NRAETB of each month of RA 8424 Sec. 2.57.1(A)(1) & (B)(e) of RR No. 2-98 11) On branch profits remittances by all corporations 15% Within 10 days after the end Sec. 28(A)(5) of RA 8424 WC280 1601 1-51-200 except PEZA/SBMA/CDA registered of each month Sec. 2.57.1(H)(2) of RR No. 2-98 12) On gross rentals, lease or charter fees payable to Within 10 days after the end non-resident owner or lessor of of each month i) vessels 4.5% Sec. 28(B)(3) & (4) WC290 1601 1-51-200 RA 8424 ii) aircraft, machineries, and other equipment 7.5% Sec. 2.57.1(I)(3) and (4) of WC300 1601 1-51-200 RR No. 2-98 13) On payments to all exploration service contractors 8% Within 10 days after the end PD 1354, FIRB Res. 19-87 WC310 1601 1-51-200 and subcontractors (OESS) of each month 14) On payments to alien individual employed by OBUs, 15% Within 10 days after the end Sec. 25(C),(D),(E) of RA 8424 WI320 1601 1-51-100 Foreign Petroleum Service Contractors and of each month Sec. 2.57.1(D),(E) & (F) of Subcontractors, by Regional or Area Headquarters RR No. 2-98 and Regional Operating Headquarters of multinational companies, including any of its Filipino employees occupying the same position 15) On payments to non-resident alien individuals not 25% Within 10 days after the end Sec. 25(B) of RA 8424 WI330 1601 1-51-100 engaged in trade or business w/in the Philippines of each month Sec. 2.57.1(C)(1) of (dividends, royalties, etc.) RR No. 2-98 16) On payments to non-resident foreign corporate 25% Within 10 days after the end Sec. 28(B)(2) of RA 8424 WC340 1601 1-51-200 cinematographic film owner, lessor or distributor of each month Sec. 2.57.1(I)(2) of RR No. 2-98 17) On royalties paid to non-resident alien engaged in 25% Within 10 days after the end Sec. 25(A)(2) of RA 8424 WI341 1601 1-51-100 trade or business (NRAETB) on cinematographic of each month Sec. 28(B)(2) of RA 8424 films and similar works 18) Other income subject to final withholding tax Within 10 days after the end (On interest or other payments in tax-free covenant of each month bonds, mortgages, deeds of trust or other obligations) - Individual 30% Sec. 57(C) of RA 8424 WI350 - Corporate 30% WC350 1601 1-51-200 19) On payments to employees (except rank and files) 34% - 1998 Within 25 days from the close Sec. 33(A) of RA 8424 WI360 1601/1603 1-51-100 of fringe benefits based on the grossed up 33% - 1999 of each calendar quarter Sec. 2.57.1(J) of RR No. 2-98 monetary value 32% - 2000 & thereafter 20) On royalties paid to citizens, resident aliens and 10% Within 10 days after the end Sec. 24(B)(1); 25(A)(2) of WI380 1601 1-51-100 non-resident alien engaged in trade or business of each month RA 8424 (NRAETB) on books, other literary works and Sec. 2.57.1(A)(2) of musical composition RR No. 2-98 21) Informer's Reward to Persons Instrumental in the Within 10 days after the end Discovery of Violations of the NIRC and in the of each month Discovery and Seizure of Smuggled Goods - Individual 10% of the reward Sec. 282 of RA 8424 WI410 1601 1-51-100 Sec. 2.57.1(K) of RR No. 2-98 - Corporate (juridical persons) 10% of the reward Sec. 2.57.1(K) of RR No. 2-98 WC410 1601 1-51-200 22) On capital gains realized from sale, exchange or Within 30 days following each other disposition of real property sale or other disposition i) individual 6% Sec. 24(D)(1); 25(A)(3) of WI420 1706 1-51-100 RA 8424 Sec. 2.57.1(A)(6), (B)(3) & (C)(2) of RR No. 2-98 ii) corporate 6% Sec. 27(D)(5) of RA 8424 WC420 1706 1-51-200 Sec. 2.57.1(G)(5) of RR No. 2-98 23) On interest income from long-term deposit in the Within 25 days from the close Sec. 24(B)(1); 25(A)(2) of form of savings trust funds, deposit substitutes of each calendar quarter RA 8424 which was pre-terminated by the holder before the 5th year - individual 5%, 12%, 20% Sec. 2.57.1(A)(4) and (B)(2) WI440 1602 1-51-100 of RR No. 2-98 - corporate 5%, 12%, 20% WC440 1602 1-51-200 II. TAX ON TRANSFERS OF PROPERTY A. Estate Tax 5% - 20% Within 6 months from the Sec. 84 of RA 8424 ES010 1801 1-52-200 decedent's death B. Donor's Tax 2%-15% (relative- W/in 30 days after the date Sec. 99 of RA 8424 DN010 1800 1-52-200 donee) the gift is made 30% (stranger- donee) III. VALUE-ADDED TAX 10% W/in 25 days ff. the Sec. 106, 108 of RA 8424 2550 close of each calendar quarter A. On manufacturing W/in 25 days ff. the close of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly 1) In General 10% Sec. 108(A) of RA 8424 VM010 2550M/Q 1-53-300 2) Pesticides 10% Sec. 106 of RA 8424 VM100 2550M/Q 1-53-300 B. On construction 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VC010 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly C. On wholesale and retail trade 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VT010 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly D. On storage and warehousing 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VS010 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly E. On business services 1) In general 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VB010 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly 2) Hotels, Motels, etc. 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VB100 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly 3) Restaurants, caterers 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VB101 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly 4) Dealers on securities/lending investors 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VB102 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly 5) Operators of common carriers with respect to transport cargo: W/in 25 days ff. the close Sec. 108(A) of RA 8424 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly a) land based (road freight) 10% VB105 2550M/Q 1-53-300 b) domestic ocean-going vessel 10% VB106 2550M/Q 1-53-300 c) inter-island shipping vessel 10% VB107 2550M/Q 1-53-300 d) aircraft 10% VB108 2550M/Q 1-53-300 6) Franchise Holders: W/in 25 days ff. the close Sec. 108(A) of RA 8424 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly a) telephone/telegraph 10% VB109 2550M/Q 1-53-400 b) radio/television broadcasting whose annual gross 10% VB111 2550M/Q 1-53-400 receipts of the preceding year exceed P10,000,000 c) other franchises 10% VB112 2550M/Q 1-53-400 7) Non-life insurance companies 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VB113 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly 8) Property W/in 25 days ff. the close of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly a) sale of real property 10% Sec. 108(A) of RA 8424 VP100 2550M/Q 1-53-300 b) lease of real property 10% Sec. 108(A) of RA 8424 VP101 2550M/Q 1-53-300 c) sale/lease of intangible property 10% Sec. 106(A) of RA 8424 VP102 2550M/Q 1-53-300 F. On community, personal & household services 10% W/in 25 days ff. the close Sec. 108(A) of RA 8424 VH010 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly G. On importation of goods 10% W/in 25 days ff. the close Sec. 107(A) of RA 8424 VI010 2550M/Q 1-53-300 of each calendar quarter Provided that a VAT registered person shall pay the VAT monthly H. Withholding of Creditable VAT Within 10 days after the end of each month 1. Government Money Payments Sec. 114(c) of RA 8424 a. On Purchase of Goods 3% Sec. 4.114(A)(1) of WV010 1600 1-53-300 RR No. 2-98 b. On Services Rendered by Contractors 6% Sec. 4.114(A)(1) of WV020 1600 1-53-300 RR No. 2-98 c. Government Public Work Contractors 8.5% Sec. 4.114(A)(2) of WV030 1600 1-53-300 RR No. 2-98 d. Lease or use of properties or property rights to 10% Sec. 4.114(A)(3) of WV040 1600 1-53-300 non-resident owners RR No. 2-98 2. Lease or use of properties or property rights to non-resident 10% Sec. 4.114(A)(3) of WV050 1600 1-53-300 owners (private) RR No. 2-98 Sec. 4.102(1)(b) of RR No. 7-95 I. Withholding tax on Business Sec. 5.116 of RR No. 2-98 1) Tax on carriers and keepers of garages 3% Within 10 days after the Sec. 117 of RA 8424 WB030 1600 1-53-300 end of each month Sec. 5.116(A)(2) of RR No. 2-98 2) Tax on franchises Within 10 days after the Sec. 119 of RA 8424 end of each month Sec. 5.116(A)(4) of RR No. 2-98 a) On electric utilities, gas and water supplies 2% Sec. 5.116(A)(4)(b) of WB040 1600 1-53-400 RR No. 2-98 b) Tax on Franchises on radio and/or television 3% Sec. 5.116(A)(4)(a) of WB050 1600 1-53-400 broadcasting companies whose annual gross receipt of RR No. 2-98 the preceding year does not exceed P10,000,000 3) Tax on life insurance premiums 5% Within 10 days after the Sec. 123 of RA 8424 WB070 1600 1-53-300 end of each month Sec. 5.116(A)(7) of RR No. 2-98 4) Person exempt from VAT under Sec. 109(Z) 3% Within 10 days after the Sec. 5.116(A)(1) of WB080 1600 1-53-300 end of each month RR No. 2-98 5) Tax on overseas dispatch, message or conversation 10% Within 10 days after the Sec. 120 of RA 8424 WB090 1600 1-53-300 originating from the Philippines end of each month 6) Tax on banks and non-bank financial intermediaries Within 10 days after the Sec. 121 of RA 8424 end of each month a) On interest, commissions and discounts paid to banks 5%, 3%, 1%, 0% Sec. 5.116(A)(5)(a) of WB101 1600 1-53-300 and non-bank financial intermediaries arising out of RR No. 2-98 lending activities as well as financial leasing, on basis of the remaining maturities of the instrument b) On dividends 0% Sec. 5.116(A)(5)(b) of WB102 1600 1-53-300 RR No. 2-98 c) On royalties, rentals of property, real or personal, profits 5% Sec. 5.116(A)(5)(c) of WB103 1600 1-53-300 from exchange and all other gross income RR No. 2-98 7) Tax on finance companies Within 10 days after the Sec. 122 of RA 8424 end of each month a) On interest, discounts and other items of gross income 5% Sec. 5.116(A)(6)(a) of WB111 1600 1-53-300 paid to finance companies and other financial RR No. 2-98 intermediaries not performing quasi-banking functions b) On interest, commissions and discounts paid from their 5%, 3%, 1%, 0% Sec. 5.116(A)(6)(b) of WB112 1600 1-53-300 loan transactions from finance companies as well as RR No. 2-98 financial leasing based on the remaining maturities of the instruments 8) Tax on agents of foreign insurance companies 10% (not authorized) Within 10 days after the Sec. 124 of RA 8424 WB120 1600 1-53-300 5% obtained directly end of each month Sec. 5.116(A)(8) of w/ foreign companies RR No. 2-98 9) Percentage Tax on International Carriers 3% Within 10 days after the Sec. 118 of RA 8424 WB130 1600 1-53-300 end of each month Sec. 5.116(A)(3) of RR No. 2-98 10) Amusement taxes Within 10 days after the Sec. 125 of RA 8424 end of each month a) cockpits 18% Sec. 125(a) of RA 8424 WB140 1600 1-53-300 b) cabarets, night or day clubs 18% Sec. 125(b) of RA 8424 WB150 1600 1-53-300 c) boxing exhibitions 10% Sec. 125(c) of RA 8424 WB160 1600 1-53-300 d) professional basketball games 15% Sec. 125(d) of RA 8424 WB170 1600 1-53-300 e) Jai-Alai & race tracks 30% Sec. 125(e) of RA 8424 WB180 1600 1-53-300 11) Tax on winnings and prizes 4%, 10% Within 10 days after the Sec. 126 of RA 8424 1600 1-53-300 end of each month a) Government Withholding Agents WB191 b) Private Withholding Agents WB192 12) Tax on sale, barter or exchange of shares of stock Sec. 127(A) of RA 8424 1600 a) Listed and traded through the local stock exchange 1/2 of 1% Within 5 banking days from Sec. 5.116(A)(10) of WB200 1600 1-53-300 the date of collection on sale RR No. 2-98 b) Sale or exchange through initial public offering 1%, 2%, 4% Within 30 days from the date Sec. 127(B) of RA 8424 WB201 1600 1-53-300 of listing of the shares of Sec. 5.116(A)(11) of stock in the local stock exchange RR No. 2-98 IV. OTHER PERCENTAGE TAXES Within 25 days after 2551 the end of each taxable quarter A. Tax on persons exempt from value-added tax (VAT) 3% Within 25 days after Sec. 116 of RA 8424 PT010 2551 1-53-300 the end of each taxable quarter B. Tax on domestic carriers and keepers of garages 3% Within 25 days after Sec. 117 of RA 8424 PT040 2551 1-53-300 the end of each taxable quarter C. Percentage Tax on International Carriers 3% Within 25 days after Sec. 118 of RA 8424 PT041 2551 1-53-300 the end of each taxable quarter D. Tax on franchises Within 25 days after Sec. 119 of RA 8424 the end of each taxable quarter 1) On gross payments to electric, gas and water utilities 2% PT060 2551 1-53-400 2) Tax on Franchises on radio and/or television broadcasting 3% PT070 2551 1-53-400 companies whose annual gross receipt of the preceding year does not exceed P10,000,000 3) On other franchises PT080 2551 1-53-400 E. Tax on overseas dispatch, message or conversation originating 10% Within 20 days after Sec. 120 of RA 8424 PT090 2551 1-53-300 from the Philippines the end of each taxable quarter F. Tax on banks and non-bank financial intermediaries Within 25 days after Sec. 121 of RA 8424 the end of each taxable quarter 1) On interest, commissions and discounts paid to banks and 5%, 3%, 1%, 0% Sec. 121(a) of RA 8424 PT101 2551 1-53-300 non-bank financial intermediaries arising out of lending activities as well as financial leasing, on the basis of the remaining maturities of the instrument 2) On dividends 0% Sec. 121(b) of RA 8424 PT102 2551 1-53-300 3) On royalties, rentals of property, real or personal, profits 5% Sec. 121(c) of RA 8424 PT103 2551 1-53-300 from exchange and all other gross income G. Tax on finance companies Within 25 days after Sec. 122 of RA 8424 the end of each taxable quarter 1) On interest, discounts and other items of gross income paid 5% PT111 2551 1-53-300 to finance companies and other financial intermediaries not performing quasi-banking functions 2) On interest, commissions and discounts paid from their loan 5%, 3%, 1%, 0% PT112 2551 1-53-300 transactions from finance companies as well as financial leasing based on the remaining maturities of the instruments H. Tax on life insurance premiums 5% Within 25 days after Sec. 123 of RA 8424 PT120 2551 1-53-300 the end of each taxable quarter I. Tax on agents of foreign insurance companies 10%, 5% Within 25 days after Sec. 124 of RA 8424 PT130 2551 1-53-300 the end of each taxable quarter J. Amusement taxes Within 20 days after the end Sec. 125 of RA 8424 of each quarter 1) cockpits 18% Sec. 125(a) of RA 8424 PT140 2551 1-53-300 2) cabarets, night or day clubs 18% Sec. 125(b) of RA 8424 PT150 2551 1-53-300 3) boxing exhibitions 10% Sec. 125(c) of RA 8424 PT160 2551 1-53-300 4) professional basketball games 15% Sec. 125(d) of RA 8424 PT170 2551 1-53-300 5) Jai-Alai & race tracks 30% Sec. 125(e) of RA 8424 PT180 2551 1-53-300 K. Tax on winnings 4%, 10% Within 20 days from the date the Sec. 126 of RA 8424 PT190 2551 1-53-300 tax was deducted and withheld L. Tax on sale, barter or exchange of shares of stock Sec. 127(A) of RA 8424 2552 1) Listed and traded through the local stock exchange 1/2 of 1% Within 5 banking days from Sec. 5.116(A)(10) of PT200 2552 1-53-300 the date of collection on sale RR No. 2-98 2) Sale or exchange through initial public offering 1%, 2%, 4% Within 30 days from the date Sec. 127(B) of RA 8424 PT201 2552 1-53-300 of listing of the shares of Sec. 5.116(A)(11) of stock in the local stock exchange RR No. 2-98 3) Exchange through secondary public offering 1%, 2%, 4% Within 5 banking days from the Sec. 127(B) of RA 8424 PT202 2552 1-53-300 date of collection or sale V. EXCISE TAXES In general, before removal of 2200 domestic products from place of production; before removal from custom custody in case of importation A. Alcohol 1) Distilled spirits produced from the sap of nipa, coconut, P8.00/proof liter Sec. 141(a) of RA 8424 XA010 2201 1-53-200 cassava, camote or buri palm or from the juice, syrup or sugar of the cane, provided such materials are produced commercially in the country where they are processed into distilled spirits. 2) Distilled spirits produced in a pot still or other similar primary P4.00/proof liter Sec. 141(a) of RA 8424 XA020 2201 1-53-200 distilling apparatus producing not more than one hundred (100) liters a day; containing not more than fifty percent (50%) of alcohol by volume. 3) Distilled spirits from raw materials other than the sap of nipa, 1-53-200 coconut, cassava, camote, or buri palm or from the juice, syrup, or sugar of the cane; the tax shall be levied in accordance w/ the net retail price per bottle of 750 ml volume capacity (excluding the excise tax & the VAT) as follows: i) less than P250 P75/proof liter Sec. 141(b)(1) of RA 8424 XA031 2201 1-53-200 ii) P250 up to P675 P150/proof liter Sec. 141(b)(2) of RA 8424 XA032 2201 1-53-200 iii) more than P675 P300/proof liter Sec. 141(b)(3) of RA 8424 XA033 2201 1-53-200 4) Medicinal preparations, flavoring extracts and all other tax as distilled Sec. 141(c) of RA 8424 XA040 2201 1-53-200 preparations where distilled spirits form the chief ingredient spirits 5) Beer, lager beer, ale, porter and other fermented liquor except tuba, basi, tapuy and similar domestic fermented liquors with net retail price per liter of volume capacity (excluding excise tax and VAT) i) less than P14.50 P6.15/liter Sec. 143(a) of RA 8424 XA051 2201 1-53-200 ii) P14.50 up to P22 P9.15/liter Sec. 143(b) of RA 8424 XA052 2201 1-53-200 iii) more than P22 P12.15/liter Sec. 143(c) of RA 8424 XA053 2201 1-53-200 6) Sparkling wines/champagne regardless of proof if the net 2201 1-53-200 retail price per bottle (excluding the excise tax and the VAT) is: i) P500 or less P100/liter of volume Sec. 142(a)(1) of RA 8424 XA061 2201 1-53-200 capacity ii) more than P500 P300/liter of volume Sec. 142(a)(2) of RA 8424 XA062 2201 1-53-200 capacity 7) Still wines containing 14% of alcohol by volume or less P12.00/liter of volume Sec. 142(b) of RA 8424 XA070 2201 1-53-200 capacity 8) Still wines containing more than 14% but not more than 25% P24.00/liter of volume Sec. 142(c) of RA 8424 XA080 2201 1-53-200 of alcohol by volume capacity 9) Fortified wines containing more than 25% of alcohol by volume tax as distilled Sec. 142 of RA 8424 XA090 2201 1-53-200 spirits B. Tobacco Before removal of domestic 2202 products from place of production; before removal from custom custody in case of importation 1) Smoking tobacco and other partially manufactured tobacco P0.75/kg Sec. 144 of RA 8424 XT010 2202 1-53-200 2) Chewing tobacco P0.60/kg Sec. 144 of RA 8424 XT020 2202 1-53-200 3) Cigars P1.00/cigar Sec. 145(A) of RA 8424 XT030 2202 1-53-200 4) Cigarettes packed by hand P0.40/pack Sec. 145(B) of RA 8424 XT040 2202 1-53-200 5) Cigarettes packed by machine, with net retail price (excluding P12.00/pack Sec. 145(C)(1) of RA 8424 XT050 2202 1-53-200 the excise tax and the VAT) of more than P10 per pack 6) Cigarettes packed by machine, with net retail price (excluding P8.00/pack Sec. 145(C)(2) of RA 8424 XT060 2202 1-53-200 the excise tax & the VAT) of more than P6.50 but does not exceed P10 per pack 7) Cigarettes packed by machine, with net retail price P5.00/pack Sec. 145(C)(3) of RA 8424 XT070 2202 1-53-200 (excluding the excise tax & the VAT) of P5 but does not exceed P6.50 per pack 8) Cigarettes packed by machine, with net retail price P1.00/pack Sec. 145(C)(4) of RA 8424 XT130 2202 1-53-200 (excluding the excise tax and the VAT) of less than P5 per pack 9) Tobacco inspection fee for each thousand cigars P0.50 Sec. 146 of RA 8424 XT080 2202 1-53-200 10) Tobacco inspection fee for each thousand cigarettes P0.10 Sec. 146 of RA 8424 XT090 2202 1-53-200 11) Tobacco inspection fee per kg of leaf tobacco or fraction P0.02 Sec. 146 of RA 8424 XT100 2202 1-53-200 thereof 12) Tobacco inspection fee per kg of scraps and other P0.03 Sec. 146 of RA 8424 XT110 2202 1-53-200 manufactured tobacco products 13) Add'l imported blending tobacco inspection and monitoring fee leaf - 2 cent./kilo Sec. 146 of RA 8424 XT120 2202 1-53-200 partially manufacture (scrap & strips) 3 cent./kilo C. Petroleum Products a) Locally produced: 2203 For the period Jan. 1, 1998 to Jun. 30, 1998 - w/in 10 days from the date of removal from the place of production; For the period Jul. 1, 1998 to Dec. 31, 1998 - w/in 5 days from the date of removal from the place of production; For the period Jan. 1, 1999 onwards - before removal from the place of production; b) Imported: If imported products are delivered direct to the refinery & said imported petroleum product are covered by commingling permit, the due dates shall be as follows: For the period Jan. 1, 1998 to Jun. 30, 1998 - w/in 10 days from the date of removal from customs custody; For the period Jul. 1, 1998 to Dec. 31, 1998 - w/in 5 days from the date of removal from customs custody; For the period Jan. 1, 1999 onwards before removal from customs custody; If imported products are delivered to places other than the refinery: the tax shall be due upon removal from customs custody. 1) Lubricating oils P4.50/L Sec. 148(a) of RA 8424 XP010 2203 1-53-200 2) Greases P4.50/kg Sec. 148(a) of RA 8424 XP020 2203 1-53-200 3) Processed gas P0.05/Liter of Sec. 148(b) of RA 8424 XP030 2203 1-53-200 volume capacity 4) Waxes and petrolatum P3.50/kg Sec. 148(c) of RA 8424 XP040 2203 1-53-200 5) Denatured alcohol used for motive power P0.05/L Sec. 148(d) of RA 8424 XP050 2203 1-53-200 6) Unleaded Premium Gasoline P4.35/L Sec. 148(f) of RA 8424 XP060 2203 1-53-200 7) Leaded Premium Gasoline P5.35/L Sec. 148(f) of RA 8424 XP070 2203 1-53-200 8) Regular gasoline and other similar products of distillation P4.80/L Sec. 148(e) of RA 8424 XP080 2203 1-53-200 9) Naphtha and other similar products of distillation P4.80/L Sec. 148(e) of RA 8424 XP090 2203 1-53-200 10) Naphtha to be used as raw materials for petro-chemicals or as P0.00/L Sec. 148(e) of RA 8424 XP100 2203 1-53-200 replacement fuel for natural-gas-fined-combined cycle power plant 11) Aviation gasoline P4.80/L Sec. 148(e) of RA 8424 XP110 2203 1-53-200 12) Aviation turbo jet fuel P3.67/L Sec. 148(g) of RA 8424 XP120 2203 1-53-200 13) Kerosene P0.60/L Sec. 148(h) of RA 8424 XP130 2203 1-53-200 14) Kerosene used as aviation fuel P3.67/L Sec. 148(h) of RA 8424 XP131 2203 1-53-200 15) Diesel fuel and similar fuel oils having more or less the same P1.63/L Sec. 148(i) of RA 8424 XP140 2203 1-53-200 generating power 16) Liquefied petroleum gas used for motive power P1.63/L Sec. 148(j) of RA 8424 XP150 2203 1-53-200 17) Liquefied petroleum gas P0.00/L Sec. 148(j) of RA 8424 XP160 2203 1-53-200 18) Asphalts P0.56/kg Sec. 148(k) of RA 8424 XP170 2203 1-53-200 19) Bunker fuel oil, and on similar fuel oils having more or less the P0.30/L Sec. 148(l) of RA 8424 XP180 2203 1-53-200 same generating power 20) Basestocks for lube oils and greases, high vacuum distillates, P4.50/L for lubricating Sec. 148(a) of RA 8424 XP190 2203 1-53-200 aromatic extracts and other similar preparations, and additives oils for lubricating oils and greases whether such additives are P4.50/kg for greases petroleum based or not. D. Miscellaneous Articles and Non-essential Goods Before removal of domestic 2204 products from place of production; or before release of articles from the custom house in case of importation 1) Automobiles (gasoline), engine displacement up to 1600cc 15% Sec. 149 of RA 8424 XG020 2204 1-53-200 2) Automobiles (gasoline), engine displacement of 1601cc to 35% Sec. 149 of RA 8424 XG030 2204 1-53-200 2000cc 3) Automobiles (gasoline), engine displacement of 2001 to 2700cc 50% Sec. 149 of RA 8424 XG040 2204 1-53-200 4) Automobiles (gasoline), engine displacement of 2701 or over 100% Sec. 149 of RA 8424 XG050 2204 1-53-200 5) Automobiles (diesel), engine displacement up to 1800cc 15% Sec. 149 of RA 8424 XG060 2204 1-53-200 6) Automobiles (diesel), engine displacement of 1801cc to 2300cc 35% Sec. 149 of RA 8424 XG070 2204 1-53-200 7) Automobiles (diesel), engine displacement of 2301cc to 3000cc 50% Sec. 149 of RA 8424 XG080 2204 1-53-200 8) Automobiles (diesel), engine displacement of 3001cc or over 100% Sec. 149 of RA 8424 XG090 2204 1-53-200 9) Jewelry whether real or imitation, pearls, precious and 20% Sec. 150(a) of RA 8424 XG100 2204 1-53-200 semi-precious stones, and imitations thereof; goods made of or ornamented mounted or fitted with precious metals or imitations thereof or ivory; opera glasses and lorgnettes. 10) Perfumes and toilet waters 20% Sec. 150(b) of RA 8424 XG110 2204 1-53-200 11) Yachts and other vessels intended for pleasure or sports 20% Sec. 150(c) of RA 8424 XG120 2204 1-53-200 E. Mineral and Mineral Products Non-metallic minerals, quarry 2205 resources, and locally extracted natural gas and liquefied natural gas - the tax shall be due upon removal of such products from the locality where mined or extract; Metallic minerals - for domestic removals covered by a surety bond the tax shall be due w/in 15 days after the end of the calendar quarter otherwise, in the absence of the bond, upon removal of such products from the locality where mined or extracted; Imported minerals and mineral products, whether metallic or non-metallic minerals, the tax shall be due before removal from customs custody; 1) Coal and coke P10.00/mt Sec. 151(A)(1) of RA 8424 XM010 2205 1-53-200 2) Non-metallic minerals and quarry resources 2% Sec. 151(A)(2) of RA 8424 XM020 2205 1-53-200 3) Gold and chromite 2% Sec. 151(A)(3)(b) of RA 8424 XM030 2205 1-53-200 4) Copper and other metallic minerals 1%, 1 1/2%, 2% Sec. 151(A)(3)(a) of RA 8424 XM040 2205 1-53-200 5) Indigenous petroleum 3% Indigenous petroleum products - Sec. 151(A)(4) of RA 8424 XM050 2205 1-53-200 for the period Jan. 1, 1998 to Jun. 30, 1998 - w/in 10 days from the date of removal from the place of extraction; For the period Jul. 1, 1998 to Dec. 31, 1998 - w/in 5 days from the date of removal from the place of extraction; F. Locally extracted natural gas and liquefied natural gas 2% Sec. 151(A)(2) of RA 8424 XM051 2205 1-53-200 VI. DOCUMENTARY STAMP TAXES Sec. 173-198 of RA 8424 2000 A. In General Within 10 days after the close of Sec. 200(B) of RA 8424 DS010 2000 1-55-100 the month when the taxable document was made, signed, issued, accepted or transferred B. Debentures and Certificate of Indebtedness P1.50 on each P200, Within 10 days after the close of Sec. 174 of RA 8424 DS100 2000 1-55-100 or fractional part the month when the taxable thereof document was made, signed, issued, accepted or transferred C. Original Issue of Shares of Stock P2.00 on each P200, or Within 10 days after the close of Sec. 175 of RA 8424 DS101 2000 1-55-100 fractional part thereof, the month when the taxable document was made, signed, issued, accepted or transferred D. Sales, Agreements to Sell, Memoranda of Sales, Deliveries or P1.50 on each P200, or Within 10 days after the close of Sec. 176 of RA 8424 DS102 2000 1-55-100 Transfer of Due-bills, Certificates of Obligation, or Shares fractional part thereof, the month when the taxable or Certificates of Stock document was made, signed, issued, accepted or transferred E. Bonds, Debentures, Certificates of Stock or Indebtedness Issued P1.50 on each P200, or Within 10 days after the close of Sec. 177 of RA 8424 DS103 2000 1-55-100 in Foreign Countries fractional part thereof, the month when the taxable document was made, signed, issued, accepted or transferred F. Certificates of Profits or Interest in Property or Accumulations P0.50 on each P200, or Within 10 days after the close of Sec. 178 of RA 8424 DS104 2000 1-55-100 fractional part thereof, the month when the taxable document was made, signed, issued, accepted or transferred G. Bank Checks, Drafts, Certificates of Deposit not Bearing Interest P1.50 Within 10 days after the close of Sec. 179 of RA 8424 DS105 2000 1-55-100 and Other Instruments the month when the taxable document was made, signed, issued, accepted or transferred H. All Bonds, Loan Agreements, Promissory Notes, Bills of Exchange, P0.30 on each P200, or Within 10 days after the close of Sec. 180 of RA 8424 DS106 2000 1-55-100 Drafts, Instruments and Securities Issued by the Gov't or Any of its fractional part thereof the month when the taxable Instrumentalities, Deposit Substitute Debt Instruments, Certificates document was made, signed, of Deposits Bearing Interest and Others Not Payable on Sight or issued, accepted or transferred Demand I. Acceptance of bill of exchange and others P0.30 on each P200, or Within 10 days after the close of Sec. 181 of RA 8424 DS107 2000 1-55-100 fractional part thereof the month when the taxable document was made, signed, issued, accepted or transferred J. Foreign Bills of Exchange and Letters of Credit P0.30 on each P200, or Within 10 days after the close of Sec. 182 of RA 8424 DS108 2000 1-55-100 fractional part thereof the month when the taxable document was made, signed, issued, accepted or transferred K. Life insurance policies P0.50 on each P200, or Within 10 days after the close of Sec. 183 of RA 8424 DS109 2000 1-55-100 fractional part thereof the month when the taxable document was made, signed, issued, accepted or transferred L. Policies of Insurance Upon Property P0.50 on each P4.00 or Within 10 days after the close of Sec. 184 of RA 8424 DS110 2000 1-55-100 fractional part thereof the month when the taxable document was made, signed, issued, accepted or transferred M. Fidelity Bonds and Other Insurance Policies P0.50 on each P4.00 or Within 10 days after the close of Sec. 185 of RA 8424 DS111 2000 1-55-100 fractional part thereof the month when the taxable document was made, signed, issued, accepted or transferred N. Policies of Annuities Pre-Need Plans P1.50 on each P200, or Within 10 days after the close of Sec. 186 of RA 8424 DS112 2000 1-55-100 fractional part thereof the month when the taxable on annuity document was made, signed, P0.50 on each P500, or issued, accepted or transferred fractional part thereof on pre-need plans a) On all policies of annuities, or other instrument whereby an annuity may be made, transferred or redeemed b) On pre-need plans O. Indemnity bonds P0.30 on each P4.00, or Within 10 days after the close of Sec. 187 of RA 8424 DS113 2000 1-55-100 fractional part thereof the month when the taxable document was made, signed, issued, accepted or transferred P. Certificates P15.00 Within 10 days after the close of Sec. 188 of RA 8424 DS114 2000 1-55-100 the month when the taxable document was made, signed, issued, accepted or transferred Q. Warehouse Receipts P15.00 Within 10 days after the close of Sec. 189 of RA 8424 DS115 2000 1-55-100 the month when the taxable document was made, signed, issued, accepted or transferred R. Jai-alai, Horse Race Tickets, Lotto or Other Authorized Numbers P0.10, if the cost of the Within 10 days after the close of Sec. 190 of RA 8424 DS116 2000 1-55-100 Games ticket exceeds P1.00, the month when the taxable an additional tax of document was made, signed, P0.10 on every P1.00, issued, accepted or transferred or fractional part thereof S. Bills of Lading or Receipts P1.00 if the value of Within 10 days after the close of Sec. 191 of RA 8424 DS117 2000 1-55-100 such goods exceeds the month when the taxable P100 but does not document was made, signed, exceed P1,000; issued, accepted or transferred P10.00, if the value exceeds P1,000 T. Proxies P15.00 Within 10 days after the close of Sec. 192 of RA 8424 DS118 2000 1-55-100 the month when the taxable document was made, signed, issued, accepted or transferred U. Powers of attorney P5.00 Within 10 days after the close of Sec. 193 of RA 8424 DS119 2000 1-55-100 the month when the taxable document was made, signed, issued, accepted or transferred V. Leases and Other Hiring Agreements P3.00 for the first Within 10 days after the close of Sec. 194 of RA 8424 DS120 2000 1-55-100 P2,000, or fractional the month when the taxable part thereof, & an add'l. document was made, signed, P1.00 for every P1,000 issued, accepted or transferred or fractional part thereof in excess of the first P2,000 for each year of the term of the contract or agreement W. Mortgages, Pledges & Deeds of Trust P20.00 when the Within 10 days after the close of Sec. 195 of RA 8424 DS121 2000 1-55-100 amount secured does the month when the taxable not exceed P5,000; document was made, signed, P10.00 on each P5,000, issued, accepted or transferred or fractional part thereof in excess of P5,000 X. Deeds of Sale and Conveyances of Real Property P15.00 when the Within 10 days after the close of Sec. 196 of RA 8424 DS122 2000 1-55-100 consideration does not the month when the taxable exceed P1,000.00 document was made, signed, for each additional issued, accepted or transferred thousand pesos or a fractional part thereof in excess of P1,000 - P15 Y. Charter Parties and Similar Instruments P50.00, P100.00, Within 10 days after the close of Sec. 197 of RA 8424 DS123 2000 1-55-100 P150.00 the month when the taxable document was made, signed, issued, accepted or transferred Z. Assignments and Renewals of Certain Instruments same as orig. Within 10 days after the close of Sec. 198 of RA 8424 DS124 2000 1-55-100 instrument the month when the taxable document was made, signed, issued, accepted or transferred VII. MISCELLANEOUS TAXES/OTHER REVENUE SOURCES A. Tax Amnesty on Income Tax At the time of filing 1) Individual taxpayers MC010 0605 1-51-900 2) Corporate taxpayers MC020 0605 1-51-900 B. Compromise Payments on Delinquent Accounts and Disputed 10%, 40% At the time of filing EO No. 44 MC030 0605 1-51-900 Assessments Sec. 204(A) of RA 8424 C. Other Revenue Sources 1) Income from forfeited properties Sec. 209 of RA 8424 MC040 0605 1-51-900 2) Proceeds from resale of real estate taken for taxes Twenty (20) days from the date of Sec. 216 of RA 8424 MC050 0605 1-51-900 receipt of notice D. Energy Tax on Excess Electric Power Consumption P0.10 per kilowatt-hour Within 20 days after BP Blg. 36 MC060 0605 1-55-900 in excess of 650 kilo- the end of each year watt-hours P35.00 plus P0.20 per kilowatt-hour in excess of 1,000 kilowatt-hours P135.00 plus P0.35 per kilowatt- hour in excess of 1,500 kilowatt-hour E. Registration fee for VAT/non-VAT taxpayers P500.00/year On or before the commencement Sec. 236 (B) MC180 0605 1-53-900 of his business or within ten (10) days from the commencement of business or transfer to another district and every year last day of January F. Travel Taxes P2,700 for PD No. 1867 MC190 0605 1-55-900 1st class passage P1,620 for economy class passage G. Other Miscellaneous Taxes MC200 0605 1-55-900 H. Taxes Replaced by VAT Deficiency Taxes due to VAT Refinement RS100 0605 1-53-900 I. TIN Card Fees Sec. 236(J) of RA 8424 MC090 0605 1-55-900 VIII. FINES AND PENALTIES A. On Tax on Income 25%; 50% Sec. 248 of RA 8424 FP010 0605 1-56-100 B. On Tax on Transfer of Property 25%; 50% Sec. 248 of RA 8424 FP020 0605 1-56-200 C. On Value-Added Tax 25%; 50% Sec. 248 of RA 8424 FP030 0605 1-56-300 D. On Other Percentage Taxes 25%; 50% Sec. 248 of RA 8424 FP040 0605 1-56-300 E. On Stock Transaction 25%; 50% RR No. 3-95 FP042 0605 1-56-300 F. On Excise Taxes 25%; 50% Sec. 248 of RA 8424 FP050 0605 1-56-300 G. On Excise Specific 25%; 50% Sec. 248 of RA 8424 FP051 0605 1-56-300 H. On Documentary Stamp Taxes 25%; 50% Sec. 248 of RA 8424 FP060 0605 1-56-500 I. On Miscellaneous Taxes 25%; 50% Sec. 248 of RA 8424 FP070 0605 1-56-500 J. On Energy Tax 25%; 50% Sec. 248 of RA 8424 FP071 0605 1-56-500 K. Penalties imposed on public officers Fine of not less than Sec. 269 of RA 8424 FP080 1-56-500 P50,000 but not more than P100,000 & suffer imprisonment of not less than 10 years but not more than 15 years & shall likewise suffer an additional penalty of perpetual disqualification to hold public office to vote, & to participate in any public election L. Other Fines and Penalties 25%; 50% Sec. 248 of RA 8424 FP090 0605 1-56-500 M. On Capital Gains 25%; 50% Sec. 248 of RA 8424 FP100 0605 1-56-100 N. On Compensation 25%; 50% Sec. 248 of RA 8424 FP110 0605 1-56-100 O. On Final Withholding Tax 25%; 50% Sec. 248 of RA 8424 FP120 0605 1-56-100 P. On Expanded Withholding Tax 25%; 50% Sec. 248 of RA 8424 FP130 0605 1-56-100 Q. Government Money Payments 25%; 50% Sec. 248 of RA 8424 FP140 0605 1-56-100 R. Gross Receipts Tax 25%; 50% Sec. 248 of RA 8424 FP150 0605 1-56-300 S. Estate Tax 25%; 50% Sec. 248 of RA 8424 FP160 0605 1-56-200 T. Donors Tax 25%; 50% Sec. 248 of RA 8424 FP170 0605 1-56-200 U. Withholding on Real Property/Motor Vehicles not subject to 25%; 50% Sec. 248 of RA 8424 FP180 0605 1-56-100 Capital Gains V. Registration Fee 25%; 50% Upon registration and every Sec. 248 of RA 8424 FP190 0605 1-56-500 year thereafter on or before the last day of January W. Inspection Fee 25%; 50% Sec. 248 & 249 of RA 8424 FP930 0605 1-56-300