A) on taxable compensation, business and Other Income 5% - 34%, 1998 derived by citizens, resident aliens, estates and trust. B) on capital gains From Sale of Shares of Stock not Traded in the 5%, 10% local stock exchange.
A) on taxable compensation, business and Other Income 5% - 34%, 1998 derived by citizens, resident aliens, estates and trust. B) on capital gains From Sale of Shares of Stock not Traded in the 5%, 10% local stock exchange.
A) on taxable compensation, business and Other Income 5% - 34%, 1998 derived by citizens, resident aliens, estates and trust. B) on capital gains From Sale of Shares of Stock not Traded in the 5%, 10% local stock exchange.
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