Taxes in the Philippines

Below is a list of taxes in the Philippines relating to businesses and individuals  K&C tax lawyers and CPAs provide tax consulting and tax treaty consulting services to its clients doing business 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 in the 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 in the Philippines.

Documentary Stamp Tax in the 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 in the Philippines.

Donor's Tax in the Philippines

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 in the Philippines..

Estate Tax in the 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 in the Philippines..

Income Tax in the 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 in the Philippines.

Percentage Tax in the 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 in the Philippines..

Value Added Tax (VAT ) in the Philippines

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

Withholding Tax on Compensation in the Philippines

Withholding Tax on Compensation is the final tax withheld from individuals receiving compensation income in the Philippines. It is the employer's responsibility to withhold and pay these taxes on a monthly basis.

Expanded Withholding Tax in the Philippines

Expanded Withholding Tax is a kind of withholding tax which is prescribed only for certain payors and is creditable against the income tax due of the payee for the taxable quarter year in the Philippines.

Final Withholding Tax in the Philippines

Final Withholding Tax is a kind of 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 in the Philippines.

Withholding Tax on Government Money Payments in the 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 private individuals, corporations, partnerships and/or associations in the Philippines.

 

List of Countries with Tax Treaty with the Philippines 

Business Registration and Incorporation in the Philippines

K&C provides full business registration services to obtain all the permits and licenses needed to legally start and do business in the Philippines. We have registered over 500 foreign companies in the Philippines in the last six years, specifically call centers, BPOs and Web development companies. Our team of corporate, labor and tax lawyers will meet and discuss your options and requirements for opening your new business in the Philippines, draft articles of incorporations and by-laws, then process all documents.


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Speak to a K&C lawyer today to register a business in the Philippines