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INTEGTAX > Excise Tax and DST > Flashcards

Excise Tax and DST Flashcards

1
Q

Lubricating oils & greases, basestock, high vacuum distilates,
aromatic extracts, additives & other similar prep

A

10 per kg

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2
Q

Processed gas

A

10 per liter

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3
Q

Waxes and petrolatum, mineral oil

A

10 per Kg

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4
Q

Denatured alcohol to be used for rnotive power

A

10 per liter

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5
Q

Asphalts

A

10 per kg

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6
Q

Naphtha, regular gasoline, pyrolisis gasoline and other sirnilar
products of distillation

A

10 per liter

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7
Q

Unleaded premium gasoline

A

10 per liter

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8
Q

Kerosene

A

5 per liter

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9
Q

Aviation turbo jet fuel, aviation gas

A

4 per liter

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10
Q

Kerosene, when used as aviation fuel

A

4 per liter

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11
Q

Diesel fuel oil, and on similar fuel oils having more or less the
same generating power

A

6 per liter

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12
Q

Liquefied petroleum gas used for motive power

A

6 per kg

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13
Q

Petroleum coke (per MT)

A

6

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14
Q

Liquefied petroleum gas

A

3 per kg

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15
Q

Naphtha and pyrolysis gasoline (per Liter)

A

10

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16
Q

Liquefied petroleum gas as raw material of petrochemical

A

EXEMPT

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17
Q

Petroleum coke as feedstock (per MT)

A

0

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18
Q

Jewelries

A

Twenty percent (20%) based on the wholesale price or the value of importation used by the
Bureau of Customs in determining Tariff and Customs Duties, net of Excise and Value-Added
taxes

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19
Q

Perfumes & toilet
waters

A

Twenty percent (20%) based on the wholesale price or the value of importation used by the
Bureau of Customs in determining Tariff and Customs Duties, net of Excise and Value-Added
taxes

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20
Q

Yachts & other
vessels intended for
pleasure

A

Twenty percent (20%) based on the wholesale price or the value of importation used by the
Bureau of Customs in determining Tariff and Customs Duties, net of Excise and Value-Added
taxes

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21
Q

Invasive Cosmetic
Procedures

A

Five (5%) Tax is based on Gross Receipts from performance of
services

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22
Q

Purely caloric sweeteners & purely non-caloric
sweeteners or mix of caloric and non-caloric sweeteners

A

6

23
Q

Purely High Fructose Corn Syrup (HFCS) or in
combination with any caloric and non-caloric sweetener

A

12

24
Q

Purely coconut sap sugar and purely steviol glycosides

A

EXEMPY

25
Q

Domestic and Imported Coal
and Coke

A

150 per metric ton

26
Q

Non-Metallic Minerals and Quarry Resources
- have Locally extracted or produced

A

4% based on the actual market value of the gross output thereof at the time of
removal

27
Q

Non-Metallic Minerals and Quarry Resources - Imported

A

4% based on the value used by the Bureau of Customs (BOC) in determining tariff
and customs duties, net of excise tax and VAT

28
Q

Non-Metallic Minerals and Quarry Resources - Locally extracted natural gas and liquefied natural gas

A

EXEMPT

29
Q

Metallic Minerals - Locally extracted or produced copper, gold, chromite and other metallic minerals)

A

4% based on the actual market value of the gross output thereof at the time of
removal

30
Q

Metallic Minerals - Imported copper, gold,
chromite and other metallic
minerals)

A

4% based on the value used by the Bureau of Customs (BOC) in determining tariff
and customs duties, net of excise tax and VAT

31
Q

Indigenous Petroleum

A

6% of the fair international market price thereof, on the first sale, barter, exchange or
such similar transaction

32
Q

Automobile - Up to 600,000

A

4%

33
Q

Automobile over 600K - 1M

A

10%

34
Q

Automobile over 4M

A

50%

35
Q

Hybrid Automobile

A

Fifty percent (50%) of applicable excise tax rate

36
Q

Purely Electric and Pick-up Automobile

A

EXEMPT

37
Q

Original issue of shares

A

PHP 2.00 for every PHP 200 of the par
value or actual consideration for no-par
shares

38
Q

Sale, barter, or exchange of shares of
stock listed and traded through the
local stock exchange

A

Exempt

39
Q

Other sales agreement, agreement to
sell, memoranda of sales, delivery or
transfer of shares or certificates of
stock

A

PHP 1.50 for every PHP 200 of the par
value or 50% of the DST paid upon
original issuance of no-par shares

40
Q

Deed of sale, conveyance of real
property

A

PHP 15.00 for each PHP 1,000 of
consideration/value or fractional part
thereof

41
Q

Bills of exchange or drafts

A

PHP 0.60 on each PHP 200 of the issue
price

42
Q

Acceptance of bills of exchange and
others

A

PHP 0.60 on each PHP 200 of the face
value

43
Q

Foreign bills of exchange and letters of
credit

A

PHP 0.60 on each PHP 200 of the face
value

44
Q

Policies of annuities or other
instruments

A

PH P 1.00 on each PHP 200 of premium
or instalment payment

45
Q

Certificates

A

PHP 30.00 per certificate

46
Q

Certificates

A

PHP 30.00 per certificate

47
Q

Warehouse receipts

A

PHP 30.00 per warehouse receipt (valued
at PHP 200 or more)

48
Q

Proxies

A

PHP 30.00 on each proxy of voting

49
Q

Powers of attorney

A

PHP 10.00 on each power of attorney;
except acts connected with claims due
to/from the government

50
Q

Powers of attorney

A

PHP 10.00 on each power of attorney;
except acts connected with claims due
to/from the government

51
Q

Leases and other hiring agreements

A

PHP P 6.00 for the first PHP 2,000 + PHP
2.00 for every PHP 1,000 thereafter

52
Q

Mortgages, pledges, and deeds of trust

A

PHP 40.00 for the first PHP 5,000 + PHP
20.00 on every PHP 5,000 thereafter

53
Q

Life Insurance Policy - does not exceed 100,000

A

EXEMPT

54
Q

Life Insurance Policy - does not exceed 100,000

A

EXEMPT

INTEGTAX (5 decks)

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