Académique Documents
Professionnel Documents
Culture Documents
in business
1.
1.
A.
=O
TAX
= IN
Measured by a certain
percentage of the gross selling price or
value in money of goods sold, bartered,
exchanged or imported or gross receipts
or earnings derived by any person
engaged in sales or business
Privilege taxes on the privilege
Certain premiums
mentioned by law are not included
in taxable receipts
b.
Agents of non nonresident foreign insurance
companies shall pay at the same
time a tax equal to 10% of the total
premiums received, except
premiums paid upon reinsurance
when tax was been paid
c.
Owners of property
obtaining insurance directly with
foreign insurance companies shall
pay the tax of 5% on premiums
paid
Amusement Tax
a.
Proprietors, lessees or
operators of amusement places -
a.
To goods manufactured or
produced in the Philippines for
domestic sale or consumption
b.
Things imported from
foreign countries
In Particular
a.
Alcohol products:
a.
distilled spirits - whiskey,
brandy, rum, gin, vodka; computed
either per proof liter (P4.48 or
P8.96) or based on net retail price
per bottle per 750ml (P84, P168,
P336 as increased by 12%)
b.
Wines - based on net
retail price per bottle of sparkling
wines and proof (P112 or P336) for
still wines (P13.44 or P26.88) per
liter of volume capacity
c.
fermented liquors - beer,
ale, and porter based on net retail
price per liter of volume capacity;
the tax is P6.89, P10.25, or P13.61
per liter
a.
Tobacco products include scraps, cuttings of tobacco;
cigars - P1.12 per cigar
Cigarettes - P0.40 if
gasoline - P4.80
Naptha used as raw
material - P0
Leaded premium gasoline
- P5.35
Unleaded premium
gasoline - P4.35
kerosene,
diesel fuel oil - P1.63
Asphalts - P0.56
Miscellaneous goods - in
valorem is 3% based on
international market price
(Filing of return and payment of excise
taxes):
Persons Liable