Index for Percentage Tax:. Percentage Tax Description. Percentage tax is a business tax imposed on persons, entities, or transactions specified under Sections to of the National Internal Revenue Code of also known as Tax Code , as amended, and as required under special laws. Who are required to file?
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Index for Percentage Tax:. Percentage Tax Description. Percentage tax is a business tax imposed on persons, entities, or transactions specified under Sections to of the National Internal Revenue Code of also known as Tax Code , as amended, and as required under special laws. Who are required to file? Persons who lease residential units where the monthly rental per unit exceeds fifteen thousand pesos Php15, Cars for rent or hire driven by the lessee, transportation contractors, including persons who transport passengers for hire, and other domestic carriers by land for the transport of passengers except owners of bancas and owners of animal-drawn two-wheeled vehicle and keepers of garages.
Overseas dispatch, message or conversation transmitted from the Philippines by telephone, telegraph, tele-writer exchange, wireless and other communication equipment services, except those transmitted by:. The Philippine Government or any of its political subdivisions or instrumentalities;.
Diplomatic services;. Other non-bank financial intermediaries including pawnshops as clarified under Revenue Regulations [RR] No. Person, company or corporation except purely cooperative companies or associations doing life insurance business in the Philippines. Fire, marine or miscellaneous agents of foreign insurance companies.
Winnings or 'dividends' in horse races. Documentary Requirements. The Quarterly Percentage Tax shall be paid at the time the return is filed by the taxpayer. After e-filing, proceed to online payment by clicking the proceed to payment button and pay the quarterly percentage tax due. The Percentage Tax shall be paid at the time the return is filed by the taxpayer. Quarterly Percentage Tax Rates Table. Taxable Base. Tax Rate.
Gross sales or receipts. Domestic carriers and keepers of garages. Gross receipts. Gross receipts on transport of cargo from the Philippines to a foreign country. Franchise grantees:. Gas and water utilities. Radio and television broadcasting companies whose annual gross receipts of the preceding year do not exceed Php10,, and did not opt to register as VAT taxpayer. Overseas dispatch, message or conversation originating from the Philippines. Amount paid for the service. Banks and non-bank financial intermediaries performing quasi-banking functions.
Interest, commissions and discounts from lending activities as well as income from financial leasing, on the basis of remaining maturities of instruments from which receipts are derived:. Dividends and equity shares and net income of subsidiaries. Royalties, rentals of property, real or personal, profits from exchange and all other items treated as gross income under Sec. Net trading gains within the taxable year of foreign currency, debt securities, derivatives and other similar financial instruments.
Other non-bank financial intermediaries. Interest, commissions, discounts and all other items treated as gross income under the Tax Code, as amended. Total premiums collected. Agents of foreign insurance companies except reinsurance premium :.
Insurance agents authorized under the Insurance Code to procure policies of insurance for companies not authorized to transact business in the Philippines.
Owners of property obtaining insurance directly with foreign insurance companies. Total premiums paid.
Proprietor, lessee or operator of the following:. Cabarets, Night or Day Clubs, videoke bars, karaoke bars, karaoke televisions, karaoke boxes and music lounges. Professional basketball games in lieu of all other percentage taxes of whatever nature and description. Jai-alai and race track. Winnings on horse races. A corporate issuer, engaged in the sale, exchange or other disposition through Initial Public Offering IPO of shares of stock in closely-held corporations.
A stock broker who effected a sale, exchange or other disposition through secondary public offering of shares of stock in closely-held corporations. The Percentage Tax Involving Shares of Stocks shall be paid at the time the return is filed by the taxpayer.
The result of this transaction is deficiency tax. Guidelines shall be issued accordingly if there is a necessity whether or not to amend the previously filed returns in eFPS. For eBIRForms filing and payment:. The result of this transaction thru eBIRForms is deficiency tax. For tax on sale of shares of stocks listed and traded through the local stock exchange LSE — within five 5 banking days from the date of collection. For tax on shares of stocks sold or exchanged through primary offering - within 30 days from the date of listing in the LSE.
For tax on shares of stocks sold or exchanged through secondary public offering - within five 5 banking days from the date of collection.
The said return shall contain a declaration of all transactions effected through him during the preceding week and of taxes collected by him and turned over to the BIR. Sale, barter or exchange or other disposition through:. Gross selling price or gross value in money. Proportion of disposed shares to total outstanding shares after the listing in the local stock exchange:.
Date of Issue. RR No. February 26, Amends RR No. May 27, March 31, Supplementing Revenue Regulations No. August 29, August 1, Implements certain provisions of Republic Act No. June 25, Governs the imposition of Income Tax on the Gross Philippine Billings, other income of International Air Carriers and Common Carrier's Tax, as well as the manner of claiming deductions on travel expenses and freight charges incurred.
October 7, Implementing Section 5 of Republic Act No. Daily Inquirer on Jan. January 7, Implementing Republic Act No. February 7, Issuance No. RMC No. April 25, Provides the transition procedures for all taxpayers filing tax returns affected by the revised tax rates pursuant to the provisions of RA No.
January 8, Circularizes the copy of RA No. December 29, Clarification on proper tax treatment of passed-on Gross Receipts Tax. June 14, Allows taxpayers who are mandated to file their tax returns thru Electronic Filing and Payment System and Electronic BIR Forms in areas affected by Typhoon Lando to temporarily file their tax returns and pay their taxes manually. October 30, July 15, Clarifies pertinent provisions of RR No.
May 6, Clarifies pertinent provisions of Revenue Regulations No. April 20, January 30, June 7, March 8, March 17, August 27,
BIR Form No. 2551M Monthly Percentage Tax Return
Zipped Excel. This return is filed not later than the 25th day following the close of each taxable quarter. The term "taxable quarter" shall mean the quarter that is synchronized to the income tax quarter of the taxpayer i. Calendar quarter of Fiscal Quarter.
Percentage Tax Filings (2551M / 2551Q)
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