History: Tax and Excise Taxes Alcoholic

Topics: Tax, Taxation in the United States, Value added tax Pages: 4 (879 words) Published: February 22, 2013


Taxation in the Philippines is controlled by the Bureau of Internal Revenue (Philippines). Taxes in the Philippines range from 5% to 35%[1] Exceptions

25,000 Pesos for individuals[1]
30,000 Pesos for married couples[1]
Exceptions for Small and Medium Enterprises with income of less than 100,000 Pesos Cedula

Cedula is a community tax that is paid annually at the Barangay Hall. It is often rated at 5% of income. Value Added Taxes (VAT)

In the Philippines, the rate of VAT is at 12%. With some additional VAT:[1]

Cockpits and Cabarets: 18%
Jai-Jalai and racetracks: 30%

And with some exceptions:[1]

Small Businesses: 10%
Not VAT-registered businesses: 3-5%

Excise taxes

Alcoholic beverages, tobacco products, jewelry, petroleum products, mining and petroleum taxes, residence taxes, a head tax on immigrants above a certain age and staying beyond a certain period, document stamp taxes, donor (gift) taxes, estate taxes, and capital gains taxes. A document stamp tax is charged on stock certificates, proofs of indebtedness, proofs of ownership, etc, and normally amount to .75% to 1% of the par or face value of the certificate are imposed with excise taxes.[1] References

^ a b c d e f Encyclopedia of Nations "Philippines - Taxation"





History of taxation in the philippines

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