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SEC. 22.
Definitions
SEC. 23. General principles of income taxation in the Philippines
SEC. 27.
Rates
of income tax on domestic corporations
(A) In general
(B) Proprietary educational institutions and hospitals
(C) Government-owned or controlled corporations, agencies or
instrumentalities
(D) Rates of tax on certain passive incomes
(1) Interest from deposits yield or any other monetary
benefit
from
deposit substitutes and from trust funds and similar
arrangements, and royalties
(2) Capital gains from the sale of shares of stock not
traded
in the
stock exchange
(3) Tax on income derived under the expanded foreign currency
deposit system
(4) Incorporate dividends
(5) Capital gains from the sale, exchange or disposition of lands
and/or
buildings
(E) Minimum corporate income tax on domestic corporations
(1) Imposition of tax
(2) Carry forward of excess minimum tax
(3) Relief from the minimum corporate income tax under certain
conditions
(4) Gross income defined
SEC. 28.
Rates
of income tax on foreign corporations
(A) Tax on resident foreign corporations
(1) In general
(2) Minimum corporate income tax on resident foreign corporations
(3) International carrier
(4) Offshore banking units
(5) Tax on branch profit remittances
(6) Regional or area headquarters and regional operating
headquarters of multinational companies
(7) Tax on certain incomes received by a resident foreign
corporation
(B) Tax on nonresident foreign corporations
(1) In general
(2) Nonresident cinematographic film owner, lessor or distributor
(3) Nonresident owner or lessor of vessels chartered by Philippine
nationals
(4) Nonresident lessor of aircraft, machineries and other
equipment
(5) Tax certain incomes received by a nonresident foreign
corporation
SEC. 29.
Imposition
of improperly accumulated earnings tax
(A) In general
(B) Tax on corporations subject to improperly accumulated earnings
(1) In general
(2) Exceptions
(C) Evidence for purpose to avoid income tax
(1) Prima facie evidence
(2) Evidence determinative of purpose
(D) Improperly accumulated taxable income
(E) Reasonable needs of the business
SEC. 30.
Exemptions
from tax on corporations
SEC. 32. Gross
income
(A) General definition
(B) Exclusions from gross income
(1) Life Insurance
(2) Amount received by insured as return of premium
(3) Gifts, bequests, and devises
(4) Compensation for injuries or sickness
(5) Income exempt under treaty
(6) Retirement benefits, pensions, gratuities, etc.
(7) Miscellaneous items
SEC. 33. Special
treatment of fringe benefit
(A) Imposition of tax
(B) Fringe benefit defined
(C) Fringe benefits not taxable
SEC. 43.
General rule
SEC. 44. Period
inn
which items of gross income included
SEC. 45. Period
fro
which deductions and credits taken
SEC. 46. Change
of
accounting period
SEC. 47. Final or
adjustment returns for a period of less than twelve (12) months
(A) Returns for short period resulting from change of
accounting period
(B) Income computed on basis of short period
SEC. 48.
Accounting
for long-term contracts
SEC. 49.
Installment
basis
(A) Sales of dealers in personal property
(B) Sales of realty and casual sales of personality
(C) Sales of real property considered as capital asset by
individuals
(D) Change from accrual to installment basis
SEC. 50.
Allocation
of income and deductions
SEC. 51.
Individual
returns
(A) Requirements
(B) Where to file
(C) When to file
(D) Husband and wife
(E) Return of parent to include income of children
(F) Persons under disability
(G) Signatures presumed correct
SEC. 52.
Corporation
returns
(A) Requirements
(B) Taxable year of corporation
(C) Return of corporation contemplating dissolution or
reorganization
(D) Return on capital gains realized from the sale of shares of
stock
not traded
in the local stock exchange
SEC. 53.
Extension
of time to file returns
SEC. 54. Returns
of receivers, trustees in bankruptcy or assignees
SEC. 55. Returns
of general professional partnerships
SEC. 56. Payment
and assessment of income tax for individuals and corporations
(A) Payment of tax
(1) In general
(2) Installment payment
(3) Payment of capital gains tax
(B) Assessment and payment of deficiency tax
SEC. 57.
Withholding
of tax at source
(A) Withholding of final tax on certain incomes
(B) Withholding of creditable tax source
SEC. 58. Returns
and payments of taxes withheld
(A) Quarterly returns and payments of taxes withheld
(B) Statement of income payments made and taxes withheld
(C) Annual information returns
(D) Income of recipient
(E) Registration with Register of Deeds
SEC. 59. Tax on
public
collectible from owner or other persons
SEC. 60.
Imposition
of tax
(A) Application of tax
(B) Exception
(C) Computation and payment
SEC. 61. Taxable
income
SEC. 62.
Exemption
allowed to estates and trusts
SEC. 63.
Revocable
trusts
SEC. 64. Income
for
benefit of grantor
SEC. 65.
Fiduciary
returns
SEC. 66.
Fiduciaries
indemnified against claims fro taxes paid
SEC. 74.
Declaration
of income tax for individuals
SEC. 75.
Declaration
of corporate quarterly income tax
SEC. 76. Final
adjustment
return
SEC. 77. Place
and
time of filing and payment of quarterly corporate income tax
(A) Place of filing
(B) Time of filing the income tax return
(C) Time of payment of the income tax
SEC. 78.
Definitions
SEC. 79. Income
tax
collected at source
(A) Requirement of withholding
(B) Tax paid by recipient
(C) Refunds or credits
(D) Personal exemptions
(E) Withholding on basis of average wages
(F) Husband and wife
(G) Nonresident aliens
(H) Year-end adjustment
SEC. 80.
Liability
of tax
(A) Employer
(B) Employee
SEC. 81. Filing
of
return and payment of taxes withheld
SEC. 82. Return
and
payment of taxes withheld
SEC. 83. Statements and returns
SEC. 84. RAtes
of
estate tax
SEC. 85. Gross
estate
(A) Decedent's interest
(B) Transfer in contemplation of death
(C) Revocable transfer
(D) Property passing under general power of appointment
(E) Proceeds of life insurance
(F) Prior interests
(G) Transfer fro insufficient consideration
(H) Capital of the surviving spouse
SEC. 86.
Computation
of net estate
(A) Deduction allowed to the estate of a citizen or a resident
(1) Expenses, losses, indebtedness, and taxes
(2) Property previously taxed
(3) Transfer for public use
(4) The family home
(5) Standard deduction
(6) Medical expenses
(7) Amount received by heirs under Republic Act No. 4917
(B) Deductions allowed to nonresident estates
(1) Expenses, losses, indebtedness and taxes
(2) Property previously taxed
(3) Transfer for public use
(C) Share in the conjugal property
(D) Miscellaneous provisions
(E) Tax credit for estate taxes paid to a foreign country
(1) In general
(2) Limitations on credit
SEC. 87.
Exemption
of certain acquisitions and transmissions
SEC. 88.
Determination
of the value of the estate
(A) Usufruct
(B) Properties
SEC. 89. Notice
of
death to be filed
SEC. 90. Estate
tax
returns
(A) Requirements
(B) Time of filing
(C) Extension of time
(D) Place of filing
SEC. 91. Payment
of tax
(A) Time of payment
(B) Extension of time
(C) Liability for payment
SEC. 92.
Discharge
of executor or administrator from personal liability
SEC. 93.
Definition
of deficiency
SEC. 94. Payment
before delivery by executor of administrator
SEC. 95. Duties
of
certain officers and debtors
SEC. 96.
Restitution
of tax upon satisfaction of outstanding obligations
SEC. 97. Payment
of tax antecedent to the transfer of shares, bonds or rights
SEC. 113. Invoicing
and
accounting requirements for VAT-registered persons
(A) Invoicing requirements
(B) Accounting requirements
SEC. 114. Return and
payment
of value-added tax
(A) In general
(B) Where to file the return and pay the tax
(C) Withholding of creditable value-added tax
SEC. 115. Power of the
Commissioner to suspend the business operations of a taxpayer
(A) In the case of a VAT-registered person
(B) Failure of any person to register as required under Section
236
SEC. 116. Tax on
persons
exempt from value-added tax (VAT)
SEC. 117. Percentage
tax
on domestic carriers and keepers of garages
SEC. 118. Percentage
tax
on international carriers
SEC. 119. Tax on
franchises
SEC. 120. Tax on
overseas
dispatch, message, or conversation originating from the
Philippines
(A) Persons liable
(B) Exemptions
(1) Government
(2) Diplomatic services
(3) International Organizations
(4) News services
SEC. 121. Tax on banks
and non-bank financial intermediaries
SEC. 122. Tax on
finance
company
SEC. 123. Tax on life
insurance
premiums
SEC. 124. Tax on agents
of foreign insurance companies
SEC. 125. Amusement
taxes
SEC. 126. Tax on
winnings
SEC. 127. Tax on sale,
barter or exchange of shares of stock listed and traded through the
local stock exchange or through initial public offering
(A) Tax on sale, barter or exchange of shares of stock listed and
traded through
the local stock exchange
(B) Tax on shares of stocks sold or exchanged through initial
public
offering
(C) Return on capital gains realized from sale of shares of stock
(D) Common provisions
SEC. 128. Returns and
payment
of percentage taxes
(A) Returns of gross sales, receipts or earnings and payment of
tax
(1) Persons liable to pay percentage tax
(2) Persons retiring from business
(3) Exceptions
(4) Determination of correct sales or receipts
(B) Where to file
SEC. 129. Goods
subject
to excise taxes
SEC. 130. Filing of
return
and payment of excise tax on domestic products
(A) Persons liable to file a return on removal and payment of tax
(1) Persons liable to file a return
(2) Time for filing of return and payment of the tax
(3) Place for filing of return and payment of tax
(4) Exceptions
(B) Determination of gross selling price of goods subject to ad
valorem
tax
(C) Manufacturer's or producer's sworn statement
(D) Credit for excise tax on goods actually exported
SEC. 131. Payment of
excise
taxes on imported articles
(A) Persons liable
(B) Rate and basis of the excise tax on imported articles
SEC. 132. Mode of
computing
contents of cask or package
SEC. 144. Tobacco
Products
SEC. 145. Cigars and
cigarettes
(A) Cigars
(B) Cigarettes packed by hand
(C) Cigarettes packed by machine
SEC. 146. Inspection fee
SEC. 147. Definition of
terms
SEC. 148.
Manufactured oils
and other fuels
SEC. 149. Automobiles
SEC. 150. Non-essential
goods
SEC. 151. Mineral
products
SEC. 173. Stamp
taxes upon
documents, instruments, loan, agreements, instruments and
papers
SEC. 174. Stamp tax on
debentures and certificates of indebtedness
SEC. 175. Stamp tax on
original issue of certificate of stock
SEC. 176. Stamp tax on
sales, agreements to sell, memoranda of sales, deliveries or
transfer of due-bills, certificates of obligation, or shares or
certificates
of stock
SEC. 177. Stamp tax on
bonds, debentures, certificates of stock or indebtedness issued
in foreign countries
SEC. 178. Stamp tax on
certificates of profits or interest in property or accumulations
SEC. 179. Stamp tax on
bank checks, drafts, certificates of deposit not bearing interest,
and other instruments
SEC. 180. Stamp tax on
all bonds, loan agreements, promissory notes, bills of exchange,
drafts, instruments and securities by the Government or any or
instrumentalities, deposit substitute debt instruments, certificates of
deposits
bearing interest and others not payable on sight or demand
SEC. 181. Stamp tax
upon
acceptance of bills of exchange and other
SEC. 182. Stamp tax on
foreign bills of exchange and letters of credit
SEC. 183. Stamp tax on
life insurance policies
SEC. 184. Stamp tax on
policies of insurance upon property
SEC. 185. Stamp tax on
fidelity bonds and other insurance policies
SEC. 186. Stamp tax on
policies of annuities and pre-need plans
SEC. 187. Stamp tax on
indemnity bond
SEC. 188. Stamp tax on
certificates
SEC. 189. Stamp tax on
warehouse receipts
SEC. 190. Stamp tax on
jai-alai, horse race tickets, lotto or other authorized numbers
games
SEC. 191. Stamp tax on
bills of lading or receipts
SEC. 192. Stamp tax on
proxies
SEC. 193. Stamp tax on
power of attorney
SEC. 194. Stamp tax on
leases and other hiring agreements
SEC. 195. Stamp tax on
mortgages, pledges and deeds of trust
SEC. 196. Stamp tax on
deeds of sale and conveyance of real property
SEC. 197. Stamp tax on
charter parties and similar instruments
SEC. 198. Stamp tax on
assignments and renewals of certain instruments
SEC. 199. Documents and
papers not subject to stamp tax
SEC. 200. Payment of
documentary
stamp tax
(A) In general
(B) Time for filing and payment of the tax
(C) Where to file
(D) Exception
SEC. 201. Effect of
failure
to stamp taxable document
SEC. 286.
Disposition of
proceeds of insurance premium tax
SEC. 287. Shares of
Local
Government Units in the proceeds from the development and
utilization of the national wealth
(A) Amount of share of local government units
(B) Share of the local governments from any government agency or
government-owned or controlled corporation
(C) Allocation of shares
SEC. 288. Disposition
of
incremental revenues
(A) Incremental revenues from Republic Act. No. 7660
(B) Incremental revenues from Republic Act. No. 8240
SEC. 289. Special
financial
support to beneficiary provinces producing Virginia tobacco
SEC. 290. Congressional Oversight Committee
SEC. 292. Separability clause
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 Harvard
Computer Systems, Inc. |
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