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List of Taxes & Rates in the Philippines

  • Capital Gains Tax
  • Donor’s Tax
  • Income Tax
  • Value Added Tax (VAT)
  • Expanded Withholding Tax
  • Withholding Tax on Government Money Payments
  • Documentary Stamp Tax
  • Estate Tax
  • Percentage Tax
  • Withholding Tax on Compensation
  • Final Withholding Tax

Capital Gains Tax – Philippines
Capital Gains Tax is a tax imposed on the gains presumed to have been realized by the seller from the sale, exchange, or other disposition of capital assets located in the Philippines, including pacto de retro sales and other forms of conditional sale.

Documentary Stamp Tax – Philippines
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.

Donor’s Tax – Philipppines
Donor’s Tax is a tax on a donation or gift, and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer.

Estate Tax – Philippines
Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers which are made by law as equivalent to testamentary disposition.

Income Tax – Philippines
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.

Percentage Tax – Philippines
Percentage Tax is a business tax imposed on persons or entities who sell or lease goods, properties, or services in the course of trade or business whose gross annual sales or receipts do not exceed P550,000 and are not VAT-registered.

Value Added Tax (VAT) – Philippines
Value Added Tax (VAT) is a business tax imposed and collected from the seller in the course of trade or business on every sale of properties (real or personal), lease of goods or properties (real or personal), or vendors of services. It is an indirect tax, thus, it can be passed on to the buyer.

Withholding Tax on Compensation – Philippines
Withholding Tax on Compensation is the tax withheld from individuals receiving purely compensation income.

Expanded Withholding Tax – Philippines
Expanded Withholding Tax is a creditable tax prescribed for certain domestic (Philippine) payors and is creditable against the income tax due of the payee for the taxable quarter year. The expanded withholding tax normally covers services.

Final Withholding Tax – Philippines
Final Withholding Tax is a withholding tax which is prescribed only for certain payors and is not creditable against the income tax due of the payee for the taxable year. Income Tax withheld constitutes the full and final payment of the Income Tax due from the payee on the said income.

Withholding Tax on Government Money Payments – Philippines
Withholding Tax on Government Money Payments is the withholding tax withheld by government offices and instrumentalities, including government-owned or controlled corporations and local government units, before making any payments to resident suppliers of goods and services.

The K&C tax lawyers and tax consultants provide tax consulting services for companies setting up and doing business in the Philippines.


List of Countries with Tax Treaty with the Philippines