Kind of Tax Rate and Base of Tax Exemption Accrual & Period of Payment Situs Enforcement Penalty

Measure
1) Local transfer  Fixed by revenue  If transfer is  From effective date of • Province where the • RD & Provincial • 25% penalty plus 2%
tax ordinance pursuant to transfer of ownership or real property is Assessor interest per month
CARP title over real property located require on the total amount
presentation of of unpaid tax
 Ceiling: Not exceed  60d from accrual date evidence of
50% of 1% or 0.50% of payment of
total consideration local transfer
OR Fair Market • sale thru public tax
Value, whichever is auction: transfer
higher until after lapse of
redemption period • Notaries
furnish
• (allowance of 60d provincial
from transfer) treasurer
copies of deed
transferring
ownership
2) Tax on  Fixed by revenue  If printing or • S150 of LGC:
Business of ordinance publishing of  On 1st day of January
Printing and books prescribed and must be paid within a) if w/ branch
Publication by DEPED as 1st 20 days of January or or outlet
 Ceiling: Not exceed school texts or of each subsequent
quarter
where sale or
50% of 1% or 0.50% of references transaction
gross annual made, tax paid
receipts Note: to province
SPanlalawigan may extend where such
time of payment but not branch or
 For start-up: 1/20 exceeding 6 months w/out
of 1% of capital outlet is
surcharges & penalties located
investment
b) if w/o branch
or outlet, tax
paid to the
province where
principal office
is located

3) Franchise Tax  Fixed by revenue • Art. 226(d) IRR:

ordinance  Congressional  On 1st day of January
grant through and must be paid within a) if w/ branch
legislative 1st 20 days of January or or outlet
 Ceiling: Not exceed franchises –
payment of
of each subsequent
quarter
where sale or
50% of 1% or 0.50% of transaction
gross annual franchise tax at made, tax paid
receipts realized a certain Note: to province
within territorial percentage “in  SPanlalawigan may where such
jurisdiction lieu of all taxes” extend time of payment branch or
a) granted but not exceeding 6 outlet is
prior to months w/out located
 For start-up: 1/20 LGC –
of 1% of capital surcharges & penalties
impliedly b) if w/o branch
investment repealed or outlet, tax
b) granted paid to the
after LGC province where
– may or principal office
may not is located
exempt
franchise
grantees
Note: legislative
 policy against revival
of the “in lieu of all
taxes” clause in
franchises of
telecommunications
companies (RCPI v.
Prov’l. Assessor of
South Cotabato)
4) Tax on the  fixed by revenue  • Province where
Extraction of ordinance  On 1st day of January quarry resources
Sand, Gravel and and must be paid within extracted have
Other Quarry 1st 20 days of January or authority to collect
Resources  Ceiling: Not exceed of each subsequent
10% of FMV in the quarter
locality per cubic • Distribution:
• not a mining meter of extracted - Province –
activity; Note:
quarry resources 30%
 SPanlalawigan may
• quarry extend time of payment
-
City/municip
resources but not exceeding 6 ality where
extracted months w/out extracted –
from public surcharges & penalties 30%
lands - Barangay –
• permit
 SPanlalawigan may
impose surcharges,
40%
issued interests & penalties as
exclusively deemed appropriate.
by provincial
governor
pursuant to
ordinance

• commercial
vs. non-
commercial
extraction
(Lepanto
Consolidated
Mining v.
Ambanloc)

5) Professional  Fixed by revenue  Professionals  Payable annually, on or • Province where he • Must be paid
Tax ordinance exclusively before January 31. practices profession before
employed in the employment
Imposed only to government and annually
those professions  Not exceed P300.00  For those beginning, • In case exercised in
must pay full tax even different places, thereafter
w/c require gov’t
examination prior after January payable to province
exercise where principal • Must write in
office is located relevant docs
the no. of OR
issued to him

• Treasurers
require
professionals to
present current
year annual
registration
cards or
professional
licenses before
accepting
 payment of
professional
tax

• PRC require
professionals
proof of
payment of tax
before PRC
processes
registrations
and renewals
6) Amusement    •
Tax

   •