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    WT Tax Rates

    Uploaded by

    ericbacsal
    The document lists various alphanumeric tax codes (ATCs) related to the nature of taxable income and applicable tax payment rates in the Philippines. It provides details for employee withholding taxes (EWTs) on different types of income like fees for professionals, entertainers, athletes, and consultants. The EWT rates range from 1% to 20% depending on the nature of income and whether the current year's gross income exceeds 720,000 Philippine pesos. Industries like funeral companies, pre-need companies, refineries, and suppliers of agricultural products also have specified EWT rates.

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    WT Tax Rates

    Uploaded by

    ericbacsal
    276 views2 pages
    The document lists various alphanumeric tax codes (ATCs) related to the nature of taxable income and applicable tax payment rates in the Philippines. It provides details for employee withholding taxes (EWTs) on different types of income like fees for professionals, entertainers, athletes, and consultants. The EWT rates range from 1% to 20% depending on the nature of income and whether the current year's gross income exceeds 720,000 Philippine pesos. Industries like funeral companies, pre-need companies, refineries, and suppliers of agricultural products also have specified EWT rates.

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    The document lists various alphanumeric tax codes (ATCs) related to the nature of taxable income and applicable tax payment rates in the Philippines. It provides details for employee withholding taxes (EWTs) on different types of income like fees for professionals, entertainers, athletes, and consultants. The EWT rates range from 1% to 20% depending on the nature of income and whether the current year's gross income exceeds 720,000 Philippine pesos. Industries like funeral companies, pre-need companies, refineries, and suppliers of agricultural products also have specified EWT rates.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    276 views2 pages

    WT Tax Rates

    Uploaded by

    ericbacsal
    The document lists various alphanumeric tax codes (ATCs) related to the nature of taxable income and applicable tax payment rates in the Philippines. It provides details for employee withholding taxes (EWTs) on different types of income like fees for professionals, entertainers, athletes, and consultants. The EWT rates range from 1% to 20% depending on the nature of income and whether the current year's gross income exceeds 720,000 Philippine pesos. Industries like funeral companies, pre-need companies, refineries, and suppliers of agricultural products also have specified EWT rates.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 2

    TAX RATES- WITHHOLDING

    SCHEDULES OF ALPHANUMERIC TAX CODES ATC NATURE OF TAX INCOME PAYMENT RATE IND CORP
    EWT- professional/talent fees paid to juridical persons/individuals (lawyers, CPAs, etc.) EWT- professional entertainers- if the current year's gross income does not exceed P720,000.00 - if the current year's gross income exceeds P720,000.00 10% WI WC 010 010

    ATC NATURE OF INCOME TAX PAYMENT RATE IND CORP


    EWT- gross commission or service fees of custom, insurance, stock, real estate, immigration & commercial brokers & fees of agents of professional entertainers EWT- payments for medical practitioners through a duly registered professional partnership 10% WI WC 140 140

    10%

    WI 020

    10%

    WI 141

    20%

    WI 021

    EWT- professional athletes- if the current year's gross income does not exceed P720,000.00 - if the current year's gross income exceeds P720,000.00 EWT- movie, stage, radio, television and musical directors- if the current year's gross income does not exceed P720,000.00 - if the current year's gross income exceeds P720,000.00 EWT- management and technical consultants EWT- bookkeeping agents and agencies EWT- insurance agents and insurance adjusters EWT- other recipient of talent fees- if the current year's gross income does not exceed P720,000.00 - if the current year's gross income exceeds P720,000.00 EWT- fees of directors who are not employees of the company EWT- rentals : real/personal properties, poles,satellites & transmission

    10%

    WI 030

    20%

    WI 031

    EWT- payments for medical/dental /veterinary services thru hospitals/clinics/ 10% health maintenance organizations, including direct payments to service providers EWT- payments to partners of 10% general professional partnerships EWT- payments made by credit 1% of 1/2% card companies EWT- payments made by government offices on their local 2% purchase of goods & services from local/resident suppliers

    WI 151

    WI 152 WI WC 156 156 WI WC 157 157

    10%

    WI 040

    20% 10% 10% 10%

    WI 041 WI 050 WI 060 WI 070

    EWT- Income payments made by top 10,000 private corporations to their local/resident supplier of goods

    1%

    WI WC 158 158

    EWT- Income payments made by top 10,000 private corporations to their local/resident supplier of services EWT- additional payments to government personnel from importers, shipping and airline companies or their agents for overtime services EWT- commission,rebates, discounts & other similar considerations paid/granted to independent & exclusive distributors, medical/technical & sales representatives & marketing agents & sub-agents of multi-level marketing companies EWT - Gross payments to embalmers by funeral companies

    2%

    WI WC 160 160

    10%

    WI 080

    15%

    WI 159

    20%

    WI 081

    10%

    20%

    WI 090

    WI WC 515 515

    5%

    WI WC 100 100

    1%

    WI 530

    facilities, billboards

    EWT- cinematographic film rentals EWT- prime contractors/subcontractors EWT- income distribution to beneficiaries of estates & trusts

    5% 2%

    WI WC 110 110 WI WC 120 120 WI 130

    15%

    EWT - payments made by preneed companies to funeral parlors EWT- Tolling fee paid to refineries EWT- Income payments made to suppliers of agricultural products EWT- Income payments on purchases of minerals, mineral products & quarry resources

    1% 5% 1%

    WI WC 535 535 WI WC 540 540 WI WC 610 610 WI WC 630 630

    1%

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