Excise Tax and DST Flashcards
Lubricating oils & greases, basestock, high vacuum distilates,
aromatic extracts, additives & other similar prep
10 per kg
Processed gas
10 per liter
Waxes and petrolatum, mineral oil
10 per Kg
Denatured alcohol to be used for rnotive power
10 per liter
Asphalts
10 per kg
Naphtha, regular gasoline, pyrolisis gasoline and other sirnilar
products of distillation
10 per liter
[Excise Tax] Unleaded premium gasoline
10 per liter
Kerosene
5 per liter
Aviation turbo jet fuel, aviation gas
4 per liter
Kerosene, when used as aviation fuel
4 per liter
Diesel fuel oil, and on similar fuel oils having more or less the
same generating power
6 per liter
Liquefied petroleum gas used for motive power
6 per kg
Petroleum coke (per MT)
6
Liquefied petroleum gas
3 per kg
Naphtha and pyrolysis gasoline (per Liter)
10
Liquefied petroleum gas as raw material of petrochemical
EXEMPT
Petroleum coke as feedstock (per MT)
0
Jewelries
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
Perfumes & toilet
waters
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
Yachts & other
vessels intended for
pleasure
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
Invasive Cosmetic
Procedures
Five (5%) Tax is based on Gross Receipts from performance of
services
Purely caloric sweeteners & purely non-caloric
sweeteners or mix of caloric and non-caloric sweeteners
6
Purely High Fructose Corn Syrup (HFCS) or in
combination with any caloric and non-caloric sweetener
12
Purely coconut sap sugar and purely steviol glycosides
EXEMPY
Domestic and Imported Coal
and Coke
150 per metric ton
Non-Metallic Minerals and Quarry Resources
- have Locally extracted or produced
4% based on the actual market value of the gross output thereof at the time of
removal
Non-Metallic Minerals and Quarry Resources - Imported
4% based on the value used by the Bureau of Customs (BOC) in determining tariff
and customs duties, net of excise tax and VAT
Non-Metallic Minerals and Quarry Resources - Locally extracted natural gas and liquefied natural gas
EXEMPT
Metallic Minerals - Locally extracted or produced copper, gold, chromite and other metallic minerals)
4% based on the actual market value of the gross output thereof at the time of
removal
Metallic Minerals - Imported copper, gold,
chromite and other metallic
minerals)
4% based on the value used by the Bureau of Customs (BOC) in determining tariff
and customs duties, net of excise tax and VAT
Indigenous Petroleum
6% of the fair international market price thereof, on the first sale, barter, exchange or
such similar transaction
Automobile - Up to 600,000
4%
Automobile over 600K - 1M
10%
Automobile over 4M
50%
Hybrid Automobile
Fifty percent (50%) of applicable excise tax rate
Purely Electric and Pick-up Automobile
EXEMPT
Original issue of shares
PHP 2.00 for every PHP 200 of the par
value or actual consideration for no-par
shares
Sale, barter, or exchange of shares of
stock listed and traded through the
local stock exchange
Exempt
Other sales agreement, agreement to
sell, memoranda of sales, delivery or
transfer of shares or certificates of
stock
PHP 1.50 for every PHP 200 of the par
value or 50% of the DST paid upon
original issuance of no-par shares
Deed of sale, conveyance of real
property
PHP 15.00 for each PHP 1,000 of
consideration/value or fractional part
thereof
Bills of exchange or drafts
PHP 0.60 on each PHP 200 of the issue
price
Acceptance of bills of exchange and
others
PHP 0.60 on each PHP 200 of the face
value
Foreign bills of exchange and letters of
credit
PHP 0.60 on each PHP 200 of the face
value
Policies of annuities or other
instruments
PH P 1.00 on each PHP 200 of premium
or instalment payment
Certificates
PHP 30.00 per certificate
Certificates
PHP 30.00 per certificate
Warehouse receipts
PHP 30.00 per warehouse receipt (valued
at PHP 200 or more)
Proxies
PHP 30.00 on each proxy of voting
Powers of attorney
PHP 10.00 on each power of attorney;
except acts connected with claims due
to/from the government
Powers of attorney
PHP 10.00 on each power of attorney;
except acts connected with claims due
to/from the government
Leases and other hiring agreements
PHP P 6.00 for the first PHP 2,000 + PHP
2.00 for every PHP 1,000 thereafter
Mortgages, pledges, and deeds of trust
PHP 40.00 for the first PHP 5,000 + PHP
20.00 on every PHP 5,000 thereafter
Life Insurance Policy - does not exceed 100,000
EXEMPT
Life Insurance Policy - does not exceed 100,000
EXEMPT
