Other Percentage Taxes (Summarized)

Sec. Percentage Tax on… Tax Basis Tax Rate BIR Form No. Due Date
3%
25 days after the end of each
116 Persons exempt from VAT under Sec. 109 (cc) Gross Sales or Receipts 2551Q
1% (July 1, 2020 to quarter
June 30, 2023)
Domestic Carriers and Keepers of garages (Transport of Passengers) - land Actual or Minimum Gross Receipts whichever 25 days after the end of each
117 3% 2551Q
(Note A) is HIGHER quarter
25 days after the end of each
118 International air/shipping carriers doing business in the PH (Cargoes) Gross Receipts 3% 2551Q
quarter
Franchises:
Gas and Water Utilities Gross Receipts 2%
Radio and Television Broadcasting Companies whose annual gross
25 days after the end of each
receipts of the preceding year do not exceed P10M and did not opt to Gross Receipts 3% 2551Q
quarter
register as VAT Taxpayer
119
Transmission operation of NGCP Gross Receipts 3%
The return shall be filed on or
Gross Revenue or Earnings (from Gaming
PAGCOR (Exempted from RMC 33-2013) 5% 2553 before the due date for payment of
Operations) (Note B)
the tax as stated in the special law.
Overseas dispatch, message or conversation originating from the Philippines 25 days after the end of each
120 Amount Paid 10% 2551Q
(Note C) quarter
Banks and non-bank financial intermediaries performing quasi-banking
functions
Maturity Period < 5 years 5%

Maturity Period > 5 years 1%

121 Dividends and equity shares and net income of subsidiaries Gross Receipts on Interest, commissions and 0%
25 days after the end of each
Royalties, rentals of property, real or personal, profits from exchange discounts from lending activities as well as 2551Q
quarter
and all other items treated as gross income under Sec. 32 of the Tax income from financial leasing 7%
Code, as amended
Net trading gains within the taxable year of foreign currency, debt
7%
securities, derivatives and other similar financial instruments
Other non-bank financial intermediaries
Interest, commissions, discounts and all other items treated as gross Gross Receipts or Income (from other 25 days after the end of each
5%
income under the Tax Code, as amended sources) 2551Q quarter
122 Interest, commissions, discounts from lending activities and financial
leasing
Maturity Period < 5 years 5% 25 days after the end of each
Gross Receipts or Income (from Lending) 2551Q
Maturity Period > 5 years 1% quarter

Life Insurance Company/Agent/Corporation (except purely cooperative 25 days after the end of each
123 Total Premiums Collected 2% 2551Q
companies or associations) (Note D) quarter
 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 Total premiums collected 4%
124 25 days after the end of each
business in the Philippines 2551Q
quarter
Owners of property obtaining insurance directly with foreign
Total premiums paid 5%
insurance companies
Amusement
Proprietor, lessee or operator of the following:
Boxing exhibitions (Note E) 10%
Professional basketball games (in lieu of all other percentage taxes of
15%
125 whatever nature and description)
25 days after the end of each
Cockpits Gross Receipts 18% 2551Q
quarter
Cabarets, Night or Day Clubs, videoke bars, karaoke bars, karaoke
18%
televisions, karaoke boxes and music lounges
Jai-alai and race track 30%
Winnings on Horse Races
For "Bettor"
Winnings or 'dividends' Actual Amount paid for every winning ticket 10% 20 days from the date the tax was
1600-WP
126 after deducting the cost of the ticket deducted and withheld
Winnings from double forecast/quinella and trifecta bets 4%
For "Owner" of the winning horse
20 days from the date the tax was
Prizes of owners of winning race horses Gross Winnings 10% 1600-WP deducted and withheld
Sale, barter, exchange or other disposition of shares of stock listed and
5 banking days from the date of
127A traded through the Local Stock Exchange other than the sale by a dealer Gross selling price or gross value in money 6/10 of 1%
collection
of securities 2552
Sale, barter or exchange or other disposition through:
Gross selling price or gross value in money
Initial Public Offering (IPO) – the issuing corporation shall pay the (Primary) 30 days from the date of
Proportion of disposed shares to total
imposed tax listing in the LSE
127B outstanding shares after the listing in the local
2552
stock exchange:
Up to 25% 4%
(Secondary) 5 banking days from
Secondary Public Offering – the seller shall pay the imposed tax Over 25% but not over 33 1/3% 2%
the date of collection
Over 33 1/3% 1%