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Capital Gains Tax Final Capital Gains Every person, whether natural or juridical, Within 30 days after each sale, exchange, transfer Revenue District where the property is
tax imposed on the Tax for Onerous resident or non-resident, including estates and or other disposition of real property. located.
gains presumed to have Transfer of Real trusts, who sells, transfers, exchanges or disposes
been realized by the Property Classified as real properties located in the Philippines
seller from the sale, Capital Assets classified as capital assets, including pacto de
exchange, or other (Taxable and retro sales and other forms of conditional sales or
disposition of capital Exempt) shares of stocks in domestic corporations not
assets located in the traded through the local stock exchange
Philippines, including Capital Gains Tax for classified as capital assets. Within 30 days after each sale or disposition of Revenue District where the seller or
pacto de retro sales Onerous Transfer of shares of stocks or real property. In case of transferor of stocks is registered.
and other forms of Shares of Stocks Not installment sale, the return shall be filed within
conditional sale Traded Through the 30 days following the receipt of the first down
Local Stock Exchange payment and within 30 days following the
subsequent installment payments. Only one
return shall be filed for multiple transactions
within the day.
Quarterly:
Manual Filing
Within twenty (20) days after the end of
each taxable quarter
Electronic Filing
Within twenty (20) days after the end of
each taxable quarter
Value-Added Tax is a Any person or entity who, in the course of his Manual Filing Where the taxpayer (head office of the
form of sales tax. It is a trade or business, sells, barters, exchanges, Not later than the 20th day following the business establishment) is registered or
tax on consumption leases goods or properties and renders end of each month. required to be registered.
b. On Imported Articles
Importer
Owner
Person who is found in possession of
articles which are exempt from excise
taxes other than those legally entitled
to exemption
Others:
On Indigenous Petroleum
Local Sale, Barter or Transfer
First buyer, purchaser or transferee
Exportation
Owner, lessee, concessionaire or
operator of mining claim.
Withholding Tax Every registered withholding agent on On or before the tenth (10th) day of the month
compensation, which includes, but not limited to following the month the withholding was made,
the following: whether EFPS or manual filing and payment.
DUMAPIAS, GAY SALCES| TAX 2 ATTY. LIM
1) Individuals engaged in business or practice of
profession with employees subject to income tax
2) All Juridical persons (e.g., Corporations,
general partnerships, associations, etc.) whether
or not engaged in business.
3) Government Agencies and Instrumentalities
(e.g.,NGAs, GOCCs, etc.), including local
government units (LGUs)