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HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES

December 31, 2004


ATC TAX RATES
I. TAX ON INCOME
A. Taxes Paid upon Filing
1. Individual Income Tax
a) On taxable compensation, business and other income 5% - 34%, 1998
derived by citizens, resident aliens, estates and trust, 5% - 33%, 1999
non-resident aliens engaged in trade or business in the 5% - 32%, 2000
Philippines
II011 1) Pure Compensation
II012 2) Pure Business
II013 3) Mixed Income
II040 b) Earnings derived by Marginal Income Earners 5% - 34%, 1998
5% - 33%, 1999
5% - 32%, 2000
II041 c) Other Income (Not Compensation or Business Income or 5% - 34%, 1998
Income from the Practice of Profession) 5% - 33%, 1999
5% - 32%, 2000
d) On Capital Gains
II030 1) From Sale of Shares of Stock not Traded in the 5%, 10%
Local Stock Exchange
II420 2) From Sale of Real Properties (Capital Assets) 6%
II051 e) Rent for Personal Property regardless of the amount 5% - 34%, 1998
5% - 33%, 1999
5% - 32%, 2000
II060 f) Premium and Annuity 5% - 34%, 1998
5% - 33%, 1999
5% - 32%, 2000
II070 g) Pensions 5% - 34%, 1998
5% - 33%, 1999
5% - 32%, 2000
II090 h) Transportation contractors for the Carriage of Goods and 5% - 34%, 1998
Merchandise below P 2,000 5% - 33%, 1999
5% - 32%, 2000
II110 i) Interest not subject to withholding 5% - 34%, 1998
5% - 33%, 1999
5% - 32%, 2000
II120 j) Prizes amounting to P10,000 or less 5% - 34%, 1998
5% - 33%, 1999
5% - 32%, 2000
II080 k) Other Fixed and Determinable Gains, Profit and Loss 5% - 34%, 1998
5% - 33%, 1999
5% - 32%, 2000
II130 l) Partner's distributive share from the net income of the 5% - 34%, 1998
general professional partnerships 5% - 33%, 1999
5% - 32%, 2000
2. Corporate Income Tax
a) Domestic corporations
IC010 1) Ordinary domestic corporations on taxable income 34% - 1998
33% - 1999
32% - 2000
IC011 2) Non-Stock Non-profit Organization
IC020 3) Partnerships, no matter how created or organized, 34% - 1998
but not including general professional, partneships, 33% - 1999
on taxable net income 32% - 2000
IC021 4) General Professional Partnerships Exempt
IC030 5) Proprietary Educational Institutions and Hospitals 10%
34% - 1998
33% - 1999
32% - 2000
IC031 6) Non-stock, Non-profit Hospitals 10%
IC040 7) Government-owned or Controlled corporations, 34% - 1998
Agencies or Instrumentalities 33% - 1999
32% - 2000
IC041 8) National Government and Local Government Units Exempt
(For propriety activities except public utility business)
IC055 9) Minimum Corporte Income Tax (MCIT) 2%
KIND OF TAXES/IMPOSITIONS
Page 1 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
b) Resident Foreign Corporations
IC070 1) Ordinary Foreign corporation engaged in trade or 34% - 1998
business in the Philippines, on taxable income from 33% - 1999
all sources within the Philippines 32% - 2000
IC080 2) International carriers-on gross Philippine billings 2 1/2%
(Air and Shipping)
IC101 3) Regional Operating Headquarters of Multinational 10%
Companies
IC190 4) Offshore Banking Units (OBUs) 34% - 1998
33% - 1999
32% - 2000
IC191 5) Foreign Currency Deposit Units (FCDUs) 34% - 1998
33% - 1999
32% - 2000
c) Capital Gains
IC110 From Sale of Shares of Stock not Traded in the Local 5%, 10%
Stock Exchange
IC120 d) Prizes regardless of the amount (Corporate) 34% - 1998
33% - 1999
32% - 2000
IC130 e) Rent for Personal Property regardless of the amount 34% - 1998
33% - 1999
32% - 2000
IC140 f) Premium and Annuity 34% - 1998
33% - 1999
32% - 2000
IC160 g) Transportation contractors for the Carriage of Goods 34% - 1998
and Merchandise below P 2,000 33% - 1999
32% - 2000
IC170 h) Interest not subject to withholding tax 34% - 1998
33% - 1999
32% - 2000
IC370 i) On improperly accumulated earnings tax 10%
IC150 j) Other Fixed and Determinable Gains, Profit and Loss 34% - 1998
33% - 1999
32% - 2000
IC200 k) PEZA Free Port Zones (ECOZONE Enterprises) 3% - National Gov't
Share
2% - Local Gov't
Share
B. Taxes Withheld
WW010 1. Withholding Tax on Compensation
2. Withholding Tax at Source
a) Subject to creditable withholding tax
1) Professional/talent fees paid to individual
i) Professionals (lawyers, CPAs, engineers, etc.);
WI010 - If the current years gross income is 10%
P 720,000 and below
WI011 - If the currents years gross income 15%
exceeds P 720,000
ii) Professional talent fees paid to juridical persons
WC010 - If the current years gross income is 10%
P 720,000 and below
WC011 - If the currents years gross income 15%
exceeds P 720,000
iii) Professional entertainers such as, but not limited
to actors and actresses, singers, lyricist,
composers, emcees
WI020 - If the current years gross income is 10%
P 720,000 and below
WI021 - If the currents years gross income 15%
exceeds P 720,000
iv) Professional athletes including basketball
pelotaris and jockeys; players, pelotaris and jockeys;
WI030 - If the current years gross income is 10%
P 720,000 and below
WI031 - If the currents years gross income 15%
exceeds P 720,000
Page 2 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
v) Movie, stage, radio, television and musical
directors
WI040 - If the current years gross income is 10%
P 720,000 and below
WI041 - If the currents years gross income 15%
exceeds P 720,000
vi) Management and technical consultants;
WC050 - If the current years gross income is 10%
P 720,000 and below
WC051 - If the currents years gross income 15%
exceeds P 720,000
vii) Business and bookkeeping agents and agencies
WI060 - If the current years gross income is 10%
P 720,000 and below
WI061 - If the currents years gross income 15%
exceeds P 720,000
viii) Insurance agents and insurance adjusters
WI070 - If the current years gross income is 10%
P 720,000 and below
WI071 - If the currents years gross income 15%
exceeds P 720,000
ix) Other recipients of talent fees
WI080 - If the current years gross income is 10%
P 720,000 and below
WI081 - If the currents years gross income 15%
exceeds P 720,000
x) Fees of directors who are not employees of the
company
WI090 - If the current years gross income is 10%
P 720,000 and below
WI091 - If the currents years gross income 15%
exceeds P 720,000
2) Rentals- on gross for the continued use or
posession of real property, personal properties,
poles, satellites& transmission facilities, and
billiboards used in business which the payor or
obligator has not taken or is taking title, or in which
has no equity
WI100 i) Individual 5%
WC100 ii) Corporate 5%
3) Cinematographic film rentals and other payments
to resident individuals and corporate
cinematographic film owners, lessors or distributors
WI110 i) Individual 5%
WC110 ii) Corporate 5%
4) Income payments to certain contractors, on gross
payments
WI120 i) Individual 1%
WC120 ii) Corporate 1%
WI130 5) Income distribution to beneficiaries of estates and 15%
trusts
6)
WI140 i) Individual 10%
WC140 ii) Corporate 10%
WI141 7) Payments to medical practitioners through a duly 10%
registered professional partnership for the practice
of the medical profession
8) 10%
WI151 i) if the current year's income payments for the 10%
medical/dental/veterinary services is medical/dental/veterinary services is P 720,000
and below
WI150 ii) if the current year's income payments for the 15%
medical/dental/veterinary services exceed medical/dental/veterinary services is exceed
P 720,000
Payments for medical/dental/veterinary services thru
Hospitals/ Clinics/Health Maintenance Organizations,
including direct payments to service providers
Gross commission or service fees of custom, insurance,
stock, real estate, immigration and commercial brokers &
fees of agents of professional entertainers
Page 3 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
9) Payment to partners in general professional
partnerships
WI152 i) if the current year's income payments for the 10%
partnesr is P 720,000 and below
WI153 ii) if the current year's income payments for the 15%
partner exceed P 720,000
10) Sale, exchange or transfer of real property other
than capital assets, sold by an individual, corp.,
estate, trust
WI555 i) individual 1.5%
WI556 3%
WI557 5%
WI558 6%
WC555 ii) corporate 1.5%
WC556 3%
WC557 5%
WC558 6%
11) Income payments made by credit card companies
WI156 i) individual 1/2% of 1%
WC156 ii) corporate 1/2% of 1%
12)
i) individual
WI640 - Supplier of Goods 1%
WI157 - Supplier of Services 2%
ii) corporate
WC640 - Supplier of Goods 1%
WC157 - Supplier of Services 2%
13)
WI158 i) individual 1%
WC158 ii) corporate 1%
14)
WI160 i) individual 2%
WC160 ii) corporate 2%
WI159 15) Additional income payments to gov't. personnel 15%
from importers, shipping and airline companies
or their agents for overtime services
16)
WI515 i) individual 10%
WC515 ii) corporate 10%
WI530 17) Gross payments to embalmers by funeral parlors 1%
18) Payments made by pre-need companies to funeral
parlors
WI535 i) individual 1%
WC535 ii) corporate 1%
19) Tolling fee paid to refineries
WI540 i) individual 5%
WC540 ii) corporate 5%
20)
WI610 i) individual 1%
WC610 ii) corporate 1%
21)
WI630 i) individual 1%
WC630 ii) corporate 1%
b) Subject to final withholding tax
1) On interest from bank deposits and yield or any other
monetary benefits from deposit subtitutes, trust fund
or similar arrangements:
i) From bank deposits
WI161 - Individual 20%
agents of companies
Income payments made to suppliers of Agricultural
products
Income payments on purchases of minerals, mineral
products and quarry resources
their local/resident suppliers of services
Commission, rebates, discounts and other similar
considerations paid/granted to independent and/or
exclusive
sales representatives and marketing agents and sub-
resident suppliers of goods and services
Income payments made by top 10,000 private
corporations to
their local/resident suppliers of goods
Income payments made by top 10,000 private
corporations to
Income payments made by the government to its local/
Page 4 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
WC161 - Corporate 20%
ii) From Treasury Bills and Other Government
Securities
WI162 - Individual 20%
WC162 - Corporate 20%
iii) From deposit substitutes, trusts funds and other
similar arrangements similar arrangements
WI163 - Individual 20%
WC163 - Corporate 20%
2) On foreign currency deposits
WI170 - Resident-Individual 7.5%
WC170 - Resident-Corporate 7.5%
WC180 3) On interest on foreign currency loans payable to 20%
non-resident foreign corporations
WC190 4) Interest on income and other income on foreign 10%
currency transactions/loans payable to OBUs
WC191 5) Withholding Tax on Income Payment to FCDUs 10%
6) On dividend payments of domestic corporation to
i) citizens or resident aliens 6% - 1998
8% - 1999
10% - 2000 & thereafter
WI202 - cash
WI203 - property
ii) non-resident foreign corporations 34% - 1998
33% - 1999
32% - 2000 & thereafter
WC212 - cash
WC213 - property
iii) non-resident foreign corporations whose
countries allow a tax-deemed paid credit of countries allow tax-deemed paid credit of 20%
20% for 1997, 19% for 1998, 18% for 1999, & for 1997, 19% for 1998 18% for 1999, & 17%
17% thereafter (subject to tax sparing rule) thereafter (subject to tax sparing rule)
WC222 - cash 15%
WC223 - property 15%
iv) non-resident alien engaged in trade or business
(NRAETB)
WI224 - cash 20%
WI225 - property 20%
WI226 v) share of a non-resident alien (NRA) individual in 20%
the distributable net income after tax of a
partnership (except a GPP) of which he is a
partner, or the share of NRA individual in the net
income after tax of an association, a joint
account, or joint venture taxable as a
corporation of which he is a member or a co-
venturer
WC230 7) On payments to non-resident foreign corporation not 34% - 1998
engage in trade or business in the Philippines 33% - 1999
32% - 2000 & thereafter
WI240 8) On profit share of individual partners in a taxable 6% - 1998
partnerships, association, a joint account, or a 8% - 1999
joint venture or consortium 10% - 2000 & thereafter
20%
WI250 9) Other royalties paid to citizens, resident aliens and 20%
non-resident aliens engaged in trade or business in
the Philippines
Page 5 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
WC250 10) On royalties paid to domestic and resident foreign 20%
corporation (juridical persons)
WI260 11) On prizes exceeding P10,000 and other winnings 20%
paid to citizens, resident aliens and NRAETB
WC280 12) On branch profits remittances by all corporations 15%
except PEZA/SBMA/CDA registered
13) On gross rentals, lease or charter fees payable to
non-resident owner or lessor of
WC290 i) vessels 4.5%
WC300 ii) aircraft, machineries, and other equipment 7.5%
14) On payments to oil exploration service contractors
and subcontractors (OESS)
WI310 i) individual (non-resident alien individual engaged 8%
in trade or business in the Philippines)
WC310 ii) corporate (non-resident foreign corporate 8%
engage in trade or business in the Philippines)
WI320 15) On payments to alien individual employed by OBUs, 15%
Foreign Petroleum Service Contractors and
Subcontactors by, Regional or Area Headquarters
and Regional Operating Headquarters of multinational
companies including its Filipino employees occupying
the same position
WI330 16) On payments to non-resident alien individuals not 25%
engaged in trade or business w/in the Philippines
(dividends, royalties, etc.)
17) On payments to non-resident cinematographic film
owner, lessor or distributor
WI340 - individual (non-resident alien individual engaged 25%
in trade or business in the Philippines)
WC340 - corporate (non-resident foreign corporate 25%
engaged in trade or business in the Philippines)
WI341 18) On royalties paid to non-resident alien engaged in 25%
trade or business (NRAETB) on cinematographic
films and similar works
19) Other income subject to final withholding tax (On
interest or other payments in tax-free covenant,
bonds, mortgages, deeds of trust or other
obligations)
WI 350 - Individual 30%
WC350 - Corporate 30%
WI380 20) On royalties paid to citizens, resident aliens and non- 10%
resident alien engaged in trade or business
(NRAETB) on books, other literary works and musical
composition
21) Informer's Reward to Persons Instrumental in the
Discovery of Violations of the NIRC and in the
Discovery and Seizure of Smuggled Goods
WI410 - Individual 10% of the reward
WC410 - Corporate (juridical persons) 10% of the reward
WC390 22) On interest payments to taxpayers enjoying 5%
preferential tax rates (i.e. PEZA Registered
Enterprises)
23) On interest income from long-term deposit in the form
of savings trust funds, deposit substitutes which
was pre-terminated by the holder before the 5th year
WI440 - individual 20%
WI441 12%
WI442 5%
WC440 - corporate 20%
24) Income Payments on Capital Gains Tax
WI450 - 6%
WC450 - 6%
On sale/exchange or other disposition of real
property
Individual
On the sale/exchange or other disposition of land
and
building - Corporate
Page 6 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
25) On Fringe Benefits Paid to Employees Other than
Rank and File
WF320 i) On Payments to alien individual employed by: 15%
- Regional or Area Headquarters and
Regional Operating Headquarters of
multinational companies
- OBUx of a foreign bank established in the
Philippines
- Foreign Petroleum Service Contractors and
Subcontractors engaged in petroleum
operations in the Philippines
- Filipinos therein employed occupying the
same position as those occupied by the
alien employee
WF330 ii) On payments to non-resident alien individuals 25%
not engaged in trade or business in the
Philippines
WF360 iii) On Payments to employees (except rank and 34% - 1998
file) of fringe benefits based on the grossed up 33% - 1999
monetary value 32% - 2000 & thereafter
II. TAX ON TRANSFERS OF PROPERTY
ES010 A. Estate Tax 5% - 20%
DN010 B. Donor's Tax 2% -15% (relative-donee)
30% (stranger-donee)
III. VALUE-ADDED TAXES
A. On manufacturing
VM010 1. In General 10%
VM020 2. Food, Products & Beverages 10%
VM030 3. Cement 10%
VM040 4. Tobacco 10%
VM050 5. Flour 10%
VM100 6. Pesticides 10%
VM110 7. Alcohol 10%
VM120 8. Petroleum 10%
VM130 9. Automobiles 10%
VM140 10. Non Essentials (Exciseable) 10%
VM150 11. Pharmaceuticals 10%
VM160 12. Sugar 10%
VC010 B. On construction 10%
VD010 C. Compulsory Social Security Public Administration and Defense 10%
VQ010 D. Mining and Quarrying 10%
VT010 E. On wholesale and retail trade 10%
VS010 F. On storage and warehousing 10%
G. On business services
VB010 1. In general 10%
VB100 2. Hotels, Motels, etc. 10%
VB101 3. Restaurants, caterers 10%
VB102 4. Dealers on securities/lending investors 10%
5. Operators of common carriers with respect to transport cargo:
VB105 a) land based (road freight) 10%
VB106 b) domestic ocean-going vessel 10%
VB107 c) inter-island shipping vessel 10%
VB108 d) aircraft 10%
6. Franchise Holders:
VB109 a) telephone/telegraph 10%
VB111 b) radio/television broadcasting whose annual gross 10%
receipts of the preceding year exceed P10,000,000
VB112 c) other franchises 10%
VB113 7. Non-life insurance companies 10%
8. Property
VP100 a) sale of real property 10%
VP101 b) lease of real property 10%
VP102 c) sale/lease of intangible property 10%
VH010 H. On community, personal & household services 10%
VI010 I. On importation of goods 10%
Page 7 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
VS062 J. On services rendered by persons engaged in the practice of 10%
profession or calling and professional services rendered by
general professional partnerships.
VS210 K. On services rendered by stock, real estate, commericial, customs, 10%
insurance and immigration brokers
VS111 L. On services rendered by banks, non-bank financial intermediaries, 10%
finance companies and other financial intermediaries not
performing quasi-banking functions
M. Withholding of Creditable VAT
1. Government Money Payments
WV010 a) On Purchase of Goods 3%
WV020 b) On Services Rendered by Contractors 6%
WV030 c) Government Public Work Contractors 8.5%
WV040 d) Lease or use of properties or property rights to 10%
non-resident owners
WV050 2. Lease or use of properties or property rights to non-resident 10%
owners (private)
IV. PERCENTAGE TAXES
PT010 A. Tax on persons exempt from value-added tax (VAT) 3%
PT040 B. Tax on domestic carriers and keepers of garages 3%
PT041 C. Percentage Tax on International Carriers 3%
D. Tax on franchises
PT060 1. On gross payments to electric, gas and water utilities 2%
PT070 2. Tax on Franchises on radio and/or television broadcasting 3%
companies whose annual gross receipt of the preceding year
does not exceed P10,000,000
PT090 E. Tax on overseas dispatch, message or conversation originating 10%
from the Philippines
F. Tax on banks and non-bank financial intermediaries
PT101 1. On interest, commissions and discounts paid to banks and 5%,3%,1%,0%
non-bank financial intermediaries arising out of lending
activities as well as financial leasing, on the basis of the
remaining maturities of the instrument
PT102 2. On dividends 0%
PT103 3. On royalties, rentals of property, real or personal, profits 5%
from exchange and all other gross income
G. Tax on finance companies
PT111 1. On interest, discounts and other items of gross income paid 5%
to finance companies and other financial intermediaries not
performing quasi-banking functions
PT112 2. On interest, commissions and discounts paid from their loan 5%,3%,1%,0%
transactions from finance companies as well as financial
leasing based on the remaining maturities of the instruments
PT120 H. Tax on life insurance premiums 5%
I. Tax on agents of foreign insurance companies
PT130 10%
PT131 5%
PT132 J. Owners of Property Obtaining Insurance Directly with 5%
Foreign Insurance Companies
K. Amusement taxes
PT140 1. cockpits 18%
PT150 2. cabarets, night or day clubs 18%
PT160 3. boxing exhibitions 10%
PT170 4. professional basketball games 15%
PT180 5. Jai-Alai & race tracks 30%
L. Tax on sale, barter or exchange of shares of stock
PT200 1. Listed and traded through the local stock exchange 1/2 of 1%
PT201 2. Sale or exchange through initial public offering 1%,2%,4%
PT202 3. Exchange through secondary public offering 1%,2%,4%
PT210 M. On services rendered by stock, real estate, commercial 7%
customs, insurance and immigration brokers
N. Withholding tax on Business
WB030 1. Tax on carriers and keepers of garages 3%
Page 8 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
2. Tax on franchises
WB040 a) On electric utilities, gas and water supplies 2%
WB050 b) Tax on Franchises on radio and/or television 3%
broadcasting companies whose annual gross receipt of
the preceding year does not exceed P10,000,000
WB070 3. Tax on life insurance premiums 5%
WB080 4. Person exempt from VAT under Sec. 109(Z) 3%
WB090 5. Tax on overseas dispatch, message or conversation 10%
originating from the Philippines
6. Tax on banks and non-bank financial intermediaries
a) On interest, commissions and discounts paid to banks
and non-bank financial intermediaries arising out of
lending activities as well as financial leasing, on basis of
the remaining maturities of the instrument
WB301 1) Short term maturity (not in excess of 2yrs.) 5%
WB302 2) Medium term maturity (over 2yrs- 4yrs.) 3%
WB303 3) Long term maturity (over 4yrs- 7yrs.) 1%
WB304 4) Over 7 yrs. 0%
WB102 b) On dividends 0%
WB103 c) On royalties, rentals of property, real or personal, profits 5%
from exchange and all other gross income
7. Tax on finance companies
WB111 a) On interest, discounts and other items of gross income 5%
paid to finance companies and other financial
intermediaries not performing quasi- banking functions
b) On interest, commissions and discounts paid from their
loan transactions from finance companies as well as
financial leasing based on the remaining maturities of the
instruments
WB311 1) Short term maturity (not in excess of 2yrs.) 5%
WB312 2) Medium term maturity (over 2yrs- 4yrs.) 3%
WB313 3) Long term maturity (over 4yrs- 7yrs.) 1%
WB314 4) Over 7 yrs. 0%
8. Tax on agents of foreign insurance companies
WB120 a) Premium paid to insurance agents; not authorized 10%
WB121 b) Premium payments obtained directly w/ foreign 5%
companies; owner of the property
WB130 9. Percentage Tax on International Carriers 3%
10. Amusement taxes
WB140 a) cockpits 18%
WB150 b) cabarets, night or day clubs 18%
WB160 c) boxing exhibitions 10%
WB170 d) professional basketball games 15%
WB180 e) Jai-Alai & race tracks 30%
11. Tax on winnings and prizes paid by racetrack operators 4%, 10%
WB191 a) Government withholding agent 4%
WB192 b) Government withholding agent 10%
WB193 c) Private withholding agent 4%
WB194 d) Private withholding agent 10%
12. Tax on sale, barter or exchange of shares of stock
WB200 a) Listed and traded through the local stock exchange 1/2 of 1%
b) Sale or exchange through initial and public offering
WB201 1) not over 25% 4%
WB202 2) over 25% but not exceeding 33 1/3% 2%
WB203 3) over 33 1/3% 1%
V. EXCISE TAXES
A. Alcohol
XA010 1. Distilled spirits produced from the sap of nipa, coconut, P8.96/proof liter
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.
XA020 2. Distilled spirits produced in a pot still or other similar primary P4.48/proof liter
distilling apparatus producing not more than one hundred (100)
liters a day; containing not more than fifty percent (50%) of
alcohol by volume.
Page 9 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
3. Distilled spirits from raw materials other than the sap of nipa,
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:
XA031 a) less than P250 P84/proof liter
XA032 b) P250 up to P675 P168/proof liter
XA033 c) more than P675 P336/proof liter
XA040 4. Medicinal preparations, flavoring extracts and all other tax as distilled
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)
XA051 a) less than P14.50 P6.89/liter
XA052 b) P14.50 up to P22 P10.25/liter
XA053 c) more than P22 P13.61/liter
6. Sparkling wines/champagne regardless of proof if the net
retail price per bottle (excluding the excise tax and the VAT) is:
XA061 a) P500 or less P112/ liter of volume
capacity
XA062 b) more than P500 P336/liter of volume
capacity
XA070 7. Still wines containing 14% of alcohol by volume or less P13.44/liter of volume
capacity
XA080 8. Still wines containing more than 14% but not more than 25% P26.88/liter of volume
of alcohol by volume capacity
XA090 9. Fortified wines containing more than 25% of alcohol by volume tax as distilled
spirits
B. Tobacco
XT010 1. Smoking tobacco and other partially manufactured tobacco P0.75/kg
XT020 2. Chewing tobacco P0.60/kg
XT030 3. Cigars P1.12/cigar
XT040 4. Cigarettes packed by hand P0.40/pack
XT050 5. Cigarettes packed by machine, with net retail price (excluding P13.44/pack
the excise tax and the VAT) of more than P10 per pack
XT060 6. Cigarettes packed by machine, with net retail price (excluding P8.96/pack
the excise tax & the VAT) of more than P6.50 but does not
exceed P10 per pack
XT070 7. Cigarettes packed by machine, with net retail price P5.60/pack
(excluding the excise tax & the VAT) of P5 but does not
exceed P6.50 per pack
XT130 8. Cigarettes packed by machine, with net retail price P1.12/pack
(excluding the excise tax and the VAT) of less than P5 per
pack
XT080 9. Tobacco inspection fee for each thousand cigars P0.50
XT090 10. Tobacco inspection fee for each thousand cigarettes P0.10
XT100 11. Tobacco inspection fee per kg of leaf tobacco or fraction P0.02
thereof
XT110 12. Tobacco inspection fee per kg of scraps and other P0.03
manufactured tobacco products
XT120 13. Add'l imported blending tobacco inspection and monitoring fee leaf - 2 cent./kilo
partially manufacture
(scrap & strips) -
3 cent./kilo
C. Petroleum Products
XP010 1. Lubricating oils P4.50/L
XP020 2. Greases P4.50/kg
XP030 3. Processed gas P0.05/Liter of
volume capacity
XP040 4. Waxes and petrolatum P3.50/kg
XP050 5. Denatured alcohol used for motive power P0.05/L
XP060 6. Unleaded Premium Gasoline P4.35/L
XP070 7. Leaded Premium gasoline P5.35/L
XP080 8. Regular gasoline and other similar products of distillation P4.80/L
Page 10 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
XP090 9. Naphtha and other similar products of distillation P4.80/L
XP100 10. Naphtha to be used as raw materials for petro-chemicals or as P0.00/L
replacement fuel for natural-gas-fined-combined cycle power
plant
XP110 11. Aviation gasoline P4.80/L
XP120 12. Aviation turbo jet fuel P3.67/L
XP130 13. Kerosene P0.60/L
XP131 14. Kerosene used as aviation fuel P3.67/L
XP140 15. Diesel fuel and similar fuel oils having more or less the same P1.63/L
generating power
XP150 16. Liquefied petroleum gas used for motive power P1.63/L
XP160 17. Liquefied petroleum gas P0.00/L
XP170 18. Asphalts P0.56/kg
XP180 19. Bunker fuel oil, and on similar fuel oils having more or less the P0.30/L
same generating power
XP190 20. Basestocks for lube oils and greases, high vacuum distillates, P4.50/L for lubricating
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
XG021 1. 2%
XG022 2. P12,000 plus 20% of the
value in excess of P600,000
XG023 3. P112,000 plus 40% of the
value in excess of
P1,100,000
XG024 4. P512,000 plus 60% of the
value in excess of
P2,100,000
XG031 5. 2%
XG032 6. P12,000 plus 20% of the
value in excess of P600,000
XG033 7. P112,000 plus 40% of the
value in excess of
P1,100,000
XG034 8. P512,000 plus 60% of the
value in excess of
P2,100,000
XG041 9. 2%
XG042 10. P12,000 plus 20% of the
value in excess of P600,000
XG043 11. P112,000 plus 40% of the
value in excess of
P1,100,000
XG044 12. P512,000 plus 60% of the
value in excess of
P2,100,000
XG051 13. 2%
XG052 14. P12,000 plus 20% of the
value in excess of P600,000
XG053 15. P112,000 plus 40% of the
value in excess of
P1,100,000
XG054 16. P512,000 plus 60% of the
value in excess of
P2,100,000
XG061 17. 2%
XG062 18. P12,000 plus 20% of the
value in excess of P600,000
to P 600,000
over P 600,000 to P 1.1 million
over P 1.1 million to P 2.1 million
over P 2.1 million
P 600,000
P 600,000 to P 1.1 million
Pick-ups with net manufacturers/importers selling price of
price of up to P 600,000
price of over P 600,000 to P 1.1 million
price of over P 1.1 million to P 2.1 million
price of over P 2.1 million
Passenger vans with net manufacturers/importers selling
price of over P 2.1 million
up to P 600,000
of over P 600,000 to P 1.1 million
of over P 1.1 million to P 2.1 million
Utility vehicles with net manufacturers/importers selling price
Pick-ups with net manufacturers/importers selling price of
Utility vehicles with net manufacturers/importers selling price
Passenger vans with net manufacturers/importers selling
of over P 2.1 million
Passenger cars with net manufacturers/importers selling
Passenger cars with net manufacturers/importers selling
Passenger cars with net manufacturers/importers selling
Passenger cars with net manufacturers/importers selling
price of up to P 600,000
price of over P 600,000 to P 1.1 million
price of over P 1.1 million to P 2.1 million
Pick-ups with net manufacturers/importers selling price of up
Passenger vans with net manufacturers/importers selling
Passenger vans with net manufacturers/importers selling
Utility vehicles with net manufacturers/importers selling price
Utility vehicles with net manufacturers/importers selling price
Others with net manufacturers/importers selling price of over
Others with net manufacturers/importers selling price of up to
Pick-ups with net manufacturers/importers selling price of
Page 11 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
XG063 19. P112,000 plus 40% of the
value in excess of
P1,100,000
XG064 20. P512,000 plus 60% of the
value in excess of
P2,100,000
XG100 21. Jewelry whether real or imitation, pearls, precious and 20%
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.
XG110 22. Perfumes and toilet waters 20%
XG120 23. Yachts and other vessels intended for pleasure or sports 20%
E. Mineral and Mineral Products
XM010 1. Coal and coke P10.00/mt
XM020 2. Non-metallic minerals and quarry resources 2%
XM030 3. Gold and chromite 2%
XM040 4. Copper and other metallic minerals 1%, 1 1/2%, 2%
XM050 5. Indigenous petroleum 3%
XM051 F. Locally extracted natural gas and liquefied natural gas 2%
VI. DOCUMENTARY STAMP TAXES
DS010 A. In General
DS100 B. Debentures and Certificate of Indebtedness P1.50 on each P200,
or fractional part
thereof
DS101 C. Original Issue of Shares of Stock P2.00 on each P200, or
fractional part thereof,
D. P1.50 on each P200, or
fractional part thereof
DS102 1. In case of stock with par value P1.50 / P 200 par value
DS125 2. In case of stock without par value 25% of DST paid on
original issue
DS103 E. Bonds, Debentures, Certificates of Stock or Indebtedness Issued P1.50 on each P200, or
in Foreign Countries fractional part thereof,
DS104 F. Certificates of Profits or Interest in Property or Accumulations P0.50 on each P200, or
fractional part thereof
DS105 G. Bank Checks, Drafts, Certificates of Deposit not Bearing Interest P1.50
and Other Instruments
DS106 H. All Bonds, Loan Agreements, Promissory Notes, Bills of P0.30 on each P200, or
Exchange, Drafts, Instruments and Securities Issued by the Gov't fractional part thereof
or Any of itsInstrumentalities, Deposit Substitute Debt Instruments,
Certificates Of Deposits Bearing Interest and Others Not Payable
on Sight or Demand
DS107 I. Acceptance of bill of exchange and others P0.30 on each P200, or
fractional part thereof
DS108 J. Foreign Bills of Exchange and Letters of Credit P0.30 on each P200, or
fractional part thereof
DS109 K. Life insurance policies P0.50 on each P200, or
fractional part thereof
of the amount of
premium collected
DS110 L. Policies of Insurance Upon Property P0.50 on each P4.00, or
fractional part thereof
DS111 M. Fidelity Bonds and Other Insurance Policies P0.50 on each P4.00, or
fractional part thereof
DS112 N. Policies of Annuities and Pre-Need Plans
1. On all policies of annuities, or other instrument whereby an P1.50 on each P200, or
annuity may be made, transferred or redeemed fractional part thereof
on annuity
2. On pre-need plans P0.50 on each P500, or
fractional part thereof
on pre-need plans
DS113 O. Indemnity bonds P0.30 on each P4.00, or
fractional part thereof
DS114 P. Certificates P15.00
DS115 Q. Warehouse Receipts P15.00
P 2.1 million
P 1.1 million to P 2.1 million
Sales, Agreements to Sell, Memoranda of Sales, Deliveries or Transfer
of Due-Bills, Certificates of Obligation, or Shares or Certificates of Stock
Others with net manufacturers/importers selling price of over
Others with net manufacturers/importers selling price of over
Page 12 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
DS116 R. Jai-alai, Horse Race Tickets , Lotto or Other Authorized Numbers P0.10, if the cost of the
Games ticket exceeds P1.00, an
additional tax of P0.10
on every P1.00, or
fractional part
thereof
DS117 S. Bills of Lading or Receipts P1.00 if the value of
such goods exceeds
P100 but does not exceed
P1,000; P10.00, if the
value exceeds P1,000
DS118 T. Proxies P15.00
DS119 U. Powers of attorney P5.00
DS120 V. Leases and Other Hiring Agreements P3.00 for the first
P2,000,or fractional
part thereof, & an addt'l
P1.00 for every P1,000
or fractional part
thereof in excess of the
first P2,000 for each
year of the term of the
contract or argreement
DS121 W. Mortgages, Pledges & Deeds of Trust P20.00 when the amount
secured does not exceed
P5,000; P10.00 on each
P5,000, or fractional
part thereof in excess
of P5,000
DS122 X. Deeds of Sale and Conveyances of Real Property P15.00 when the
consideration does not
exceed P1,000.00
for each additional
thousand pesos or a
fractional part thereof
in excess of P1,000 - P15
Y. Charter Parties and Similar Instruments if gross tonnage is:
DS130 1. 1,000 tons and below 1st 6 months P 500 in
excess + P 50
DS131 2. 1,001 to 10,000 tons 1st 6 months P 1,000 in
excess + P 100
DS132 3 over than 10,000 tons 1st 6 months P 1,500 in
excess + P 150
DS124 Z. Assignments and Renewals of Certain Instruments same as orig.
instrument
VII. OTHER TAXES UNDER SPECIAL LAWS
OT010 A. Philippine Amusement and Gaming Corporation (PAGCOR) 5%
OT012 B. Others (Please specify Special Law) -
VII. MISCELLANEOUS TAXES/OTHER REVENUE SOURCES
A. Tax Amnesty on Income Tax
MC010 1. Individual taxpayers -
MC020 2. Corporate taxpayers -
MC030 B. Compromise Payments on Delinquent Accounts and Disputed 10%, 40%
Assessments
MC031 C. Deficiency Tax -
D. Miscellaneous Taxes / Other Revenue Sources
MC032 1. All revenues collected through the Voluntary Assessment
Program: Income Tax, Improperly Accumulated Earnings Tax,
Value-Added Tax, Percentage Tax, Excise Tax, Documentary
Stamp Tax, Withholding Tax
2. All revenues collected through the Voluntary Assessment
and Abatement Program (VAAP):
MC033 a) Income Taxes
MC034 b) Value-Added Taxes
MC035 c) Excise Taxes
E. Other Revenue Sources
MC040 1. Income from forfeited properties -
MC050 2. Proceeds from resale of real estate taken for taxes -
Page 13 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
MC060 F. Energy Tax on Excess Electric Power Consumption P0.10 per kilowatt-hour
in excess of 650
kilowatt-hours
P35.00 plus P0.20 per
kilowatt-hour in excess
of 1,000 kilowatt-
hours
P135.00 plus P0.35 per
kilo-watt hour in excess
of 1,500 kilowatt-hour
G. On the revenue collected through the Expanded Voluntary
Assessment and Abatement Program
MC070 1. Withholding Tax on Compensation
MC071 2. Expanded Withholding Tax
MC072 3. Final Withholding Tax (in general)
MC073 4. Withholding Tax on Banks & Other Financial Institutions
MC074 5. Withholding Tax on Fringe Benefits
MC075 6. Withholding Tax - PT on Winnings & Prizes
MC076 7. Withholding Tax on Sale/Transfer/Barter or Other Disposition
of Real Property Classified as Capital Asset
MC077 8. Capital Gains Tax on Sale/Transfer/Barter or Other Disposition
of Real Property Classified as Capital Asset
MC078 9. Capital Gains Tax on Sale/Transfer/Barter or Other Disposition
of Shares of Stock Not Traded Through the Local Stock
Exchange
MC079 10. Improperly Accumulated Earnings Tax
MC080 11. Percentage Tax (Quarterly)
MC081 12. Percentage Tax (Monthly)
MC082 13. Value-Added Tax and Other Percentage Tax Withheld
MC083 14. Percentage Tax - Stocks (IPO)
MC084 15. Percentage Tax - Stocks
MC085 16. Estate Tax
MC086 17. Donor's Tax
MC087 18. Documentary Stamp Tax
MC088 19. Tax Under Special Laws
MC089 20. Accrued Penalties
MC090 H. TIN Card Fees -
MC100 I. Centennial Voluntary Payment
MC180 J. Registration fee for VAT/non-VAT taxpayers P 500.00/ year
MC190 K. Travel Taxes P 2,700 for
1
st
class passage
P 1,620 for
economy class passage
MC200 L. Other Miscellaneous Taxes -
MC210 M. Advance payment of Value Added Tax on the Sale of Refined
Sugar
MC220 N. Advance payment of Value Added Tax on Privilege Store
MC230 O. Advance payment of Income Tax on Privilege Store
MC240 P. Advance payment of Percentage Tax on Privilege Store
Q. Third Party Information Program
MC250 1. Income Tax
MC251 2. Value-Added Tax
MC252 3. Excise-Ad Valorem
MC253 4. Excise-Specific
MC254 5. Withholding Tax-Compensation
MC255 6. Withholding Tax-Expanded
MC256 7. Withholding Tax-Final
MC257 8. Withholding Tax-Banks and Other Financial Institution
MC258 9. Withholding Tax Fringe Benefits
MC259 10. Withholding Tax PT on Winnings and Prizes
MC260 11.
MC261 12. Withholding Tax VAT and Other Percentage Taxes
MC262 13.
Withholding Tax Others (One-time transaction not subject to
Capital Gains Tax Real Property (Sales, Exchange or Other
Disposition of Real Property Classified as Capital Asset)
other than capital assets]
capital gains tax) [Sale/transfer or exchange of real properties
Page 14 of 15
HANDBOOK ON ALPHANUMERIC TAX CODES (ATC) OF REVENUE SOURCES
December 31, 2004
ATC TAX RATES KIND OF TAXES/IMPOSITIONS
MC263 14.
MC264 15. Improperly Accumulated Earnings Tax
MC265 16. Percentage Tax Quarterly
MC266 17. Percentage Tax Monthly
MC267 18. Percentage Tax Stock (IPO)
MC268 19. Percentage Tax Stocks
MC269 20. Estate Tax
MC270 21. Donors Tax
MC271 22. Documentary Stamp Tax
MC272 23. Tax under Special Laws
MC273 24. Accrued Penalties
MC280 R. Advance Payment of Value-Added Tax on Sale of Flour*
VIII. FINES AND PENALTIES
FP010 A. On Tax on Income 25%; 50%
FP020 B. On Tax on Transfer of Property 25%; 50%
FP030 C. On Value-Added Tax 25%; 50%
FP040 D. On Monthly Other Percentage Taxes 25%; 50%
FP041 E. On Quartely Other Percentage Taxes 25%; 50%
FP042 F. On Stock Transaction 25%; 50%
FP050 G. On Excise Taxes 25%; 50%
FP051 H. On Excise Specific 25%; 50%
FP060 I. On Documentary Stamp taxes 25%; 50%
FP070 J. On Miscellaneous Taxes 25%; 50%
FP071 K. On Energy Tax 25%; 50%
FP080 L. Penalties imposed on public officers Fine of not less than
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 disqualifica-
tion to hold public office,
to vote, & to participate
in any public election
FP090 L. Other Fines and Penalties 25%; 50%
FP100 M. On Capital Gains 25%; 50%
FP110 N. On Compensation 25%; 50%
FP120 O. On Final Withholding Tax 25%; 50%
FP130 P. On Expanded Withholding Tax 25%; 50%
Q. Government Money Payments
FP140 1. Quarterly 25%; 50%
FP141 2. Monthly 25%; 50%
FP150 R. Gross Receipts Tax 25%; 50%
FP160 S. Estate Tax 25%; 50%
FP170 T. Donors Tax 25%; 50%
FP180 U. Withholding on Real Property/Motor Vehicles not subject to 25%; 50%
Capital Gains
FP190 V. Registration Fee 25%; 50%
FP930 W. Inspection Fee 25%; 50%
FP200 X. Violation of Registration and Invoicing Requirement
Capital Gains Tax Stocks (Sales, Exchange or Other Disposition
of Shares of Stock)
Page 15 of 15