[National Taxes]

VALUE ADDED TAX
Value-added tax is a tax imposed and collected on every sale, barter, exchange or transaction deemed sale of taxable goods, properties, lease of goods or properties, or services in the course of trade or business as they pass along the production and distribution chain, the tax being limited only to the value added to such goods, properties or services by the seller or transferor.
 
PERCENTAGE TAX

Any person engaged in business whose sales or receipts are exempt under from payment of the value-added tax and who is not a VAT-registered person must file a percentage tax return and pay the appropriate percentage tax. Percentage tax is a business tax measured by a given ratio between the gross sales or receipts and the burden imposed upon the taxpayer.

 
EXCISE TAX
Excise tax is a tax applicable to certain specified goods or articles manufactured or produced in the Philippines for domestic sale or consumption or for any other disposition, and to things imported into the Philippines.
  Specific tax - an excise tax imposed on certain goods based on weight or volume capacity or any other physical unit of measurement. It applies to alcohol and alcohol products, tobacco and tobacco products, and petroleum products.
  Ad valorem tax - an excise tax imposed on certain goods based on selling price or other specified value of the goods. It applies to mineral products, automobiles and non-essential goods.
 
INCOME TAX
Income tax is a tax on all yearly profits arising from property, profession, trades or offices or as a tax on a person's income, emoluments, profits and the like.
  A. Individuals
- resident citizen receiving income from sources within or outside the Philippines
- non-resident citizen receiving income from sources within the Philippines.
- aliens whether resident or not receiving income from sources within the Philippines.
  B. Corporations (no matter how created or organized including general partnership) includes domestic corporations receiving income from sources within and outside the Philippines and foreign corporation receiving income from sources within the Philippines.
  C. Estates and Trusts engaged in trade or business
 
WITHHOLDING TAX
Classification of withholding taxes
  Expanded withholding tax
  Final withholding tax
  Withholding of income tax on compensation
  Withholding of creditable VAT and other percentage taxes
 
CAPITAL GAINS TAX
Capital gains is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of real property located in the Philippines, classified as capital assets, including pacto de retro sales and other forms of conditional sale.
 
DOCUMENTARY STAMP TAX

Documentary stamp tax is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation, rights, or property incident thereto. There are different documents that are subject to different rates of Documentary Stamp Tax.

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