Expanded Withholding Tax Flashcards
%EWT
Professional fees, talent fees, etc. for services rendered by individuals
Individuals engaged in the practice of profession or
callings like Lawyers, CPAs, Engineers, Real Estate
service practitioners and all other professionals
who have passed licensure examinations regulated
by the PRC, Supreme Court, etc
10% if the gross income for the current year exceeds P3,000,000 or VAT registered regardless of the amount
5% if P3,000,000 or less
%EWT
Professional entertainers, such as, but not limited to,
actors and actresses, singers lyricist, composers
and emcees
10% if the gross income for the current year exceeds P3,000,000 or VAT registered regardless of the amount 5% if P3,000,000 or less
%EWT
Professional athletes, including basketball
player, pelotaris and jockeys
10% if the gross income for the current year exceeds P3,000,000 or VAT registered regardless of the amount
5% if P3,000,000 or less
%EWT
All directors and producers involved in
movies, stage, radio, television and
musical productions
10% if the gross income for the current year exceeds P3,000,000 or VAT registered regardless of the amount
5% if P3,000,000 or less
%EWT
Insurance agents and Insurance adjusters
10% if the gross income for the current year EXCEEDS P3,000,000 or VAT registered regardless of the amount
5% if P3,000,000 or less
%EWT
Management and technical consultants
10% if the gross income for the current year exceeds P3,000,000 or VAT registered regardless of the amount
5% if P3,000,000 or less
%EWT
Bookkeeping agents and agencies
10% if the gross income for the current year exceeds P3,000,000 or VAT registered regardless of the amount
5% if P3,000,000 or less
%EWT
Other recipients of talent fees
10% if the gross income for the current year exceeds P3,000,000 or VAT registered regardless of the amount
5% if P3,000,000 or less
%EWT
Fees of directors who are not employees
of the company paying such fees, whose
duties are confined to attendance at and
participation in the meetings of the board
of directors
10% if the gross income for the current year exceeds P3,000,000 or VAT registered regardless of the amount
5% if P3,000,000 or less
%EWT
Professional fees, talent fees, etc. for
services of taxable JUDICIAL persons
15% if the gross
income for the current
year exceeds
P720,000.00
10% if P720,000 or
less
%EWT
Rentals
• Real properties
• Personal properties used in business in
excess of P10,000 annually except RA
8556 (Financial Company Act of 1998)
• Poles, satellites and transmission facilities
• Billboards
• Cinematographic film rental & other payments
5%
%EWT Income payments to certain contractors: • General engineering contractors • General building contractors • Specialty contractors • Other contractors
2%
%EWT
Income distribution to the beneficiaries
of estate and trusts
15%
%EWT
Gross commission of customs, insurance, stock,
immigration and commercial brokers and fees of
agents of professional entertainers and real estate
service practitioner who failed or did not take up
licensure examination given by and not registered
with the Real Estate Service under PRC
10% if the gross income
for current year EXCEEDS
3M or VAT registered
regardless of the amount
5% if 3M or less
%EWT
Payment by the general professional
partnership (GPP) to its partners - (For Individual Payee)
- 5% if 3M or less
- 10% if above 3M or VAT
registered
%EWT
Payment by the general professional
partnership (GPP) to its partners - (For Non-individual Payee)
- 15% if the gross income
for the current year exceeds
P720,000.00 - 10% if P720,000 or less
%EWT Payments to medical/dental/veterinary services thru hospitals/clinics/health maintenance organizations, including direct payments to service providers - (For Individual Payee)
- 5% if 3M or less
- 10% if above 3M or VAT
registered
%EWT Payments to medical/dental/veterinary services thru hospitals/clinics/health maintenance organizations, including direct payments to service providers - (For Non-individual Payee)
- 15% if the gross income
for the current year exceeds
P720,000.00 - 10% if P720,000 or less
%EWT
Gross selling price or total amount of consideration
or its equivalent paid to the seller/owner for the
sale, exchange or transfer of real property classified
as ordinary asset:
1. Seller/transferor is ____ from CWT in
accordance with Sec. 2.57.5 of RR 2-98
EXEMPT
%EWT
Gross selling price or total amount of consideration
or its equivalent paid to the seller/owner for the
sale, exchange or transfer of real property classified
as ordinary asset:
With a selling price of P500,000 or less
1.5%
%EWT
Gross selling price or total amount of consideration
or its equivalent paid to the seller/owner for the
sale, exchange or transfer of real property classified
as ordinary asset:
With a selling price of more than P500,000 but
not more than P2,000,000
3.0%
%EWT
Gross selling price or total amount of consideration
or its equivalent paid to the seller/owner for the
sale, exchange or transfer of real property classified
as ordinary asset:
With a selling price of more than P2,000,000
5%
%EWT
Gross selling price or total amount of consideration
or its equivalent paid to the seller/owner for the
sale, exchange or transfer of real property classified
as ordinary asset:
Seller/transferor is not habitually engaged in the
real estate business
6%
%EWT
Certain income payments made
by credit card companies
.05%
or
1% on one-half of the
gross amount paid
%EWT
Income payments made by TWAs & GOVERNMENT to their
local/resident suppliers of goods and
services other than those covered by other
rates of withholding tax
• Supplier of goods
1%
%EWT
Income payments made by TWAs & GOVERNMENT to their
local/resident suppliers of goods and
services other than those covered by other
rates of withholding tax
• Supplier of services
2%
%EWT Commissions, rebates, discounts and other similar considerations paid/granted to independent and exclusive distributors, medical/technical and sale representative and marketing agents and sub-agents of multi-level marketing companies
(For Individual Payer)
- 5% if 3M or less
- 10% if above 3M or VAT
registered
%EWT Commissions, rebates, discounts and other similar considerations paid/granted to independent and exclusive distributors, medical/technical and sale representative and marketing agents and sub-agents of multi-level marketing companies
(For Non-Individual Payer)
- 15% if the gross income for
the current year exceeds
P720,000.00 - 10% if P720,000 or less
%EWT
Tolling fees paid to refineries
5%
%EWT
Payments made by pre-need
companies to funeral parlors
1%
%EWT
Gross payments to embalmers by funeral
companies
1%
%EWT
Income payments on purchases of minerals,
mineral products and quarry resources as defined
in section 151 of the NIRC
• Income payments on purchases of gold by BSP
from gold miners/suppliers under PD 1899, as
amended by RA 7076
5%
%EWT MERALCO Refund arising from Supreme Court case G.R. No. 14814 of April 9, 2003 to customers under phase 4 as approved by the ERC
• Customers with active contracts
15%
%EWT MERALCO Refund arising from Supreme Court case G.R. No. 14814 of April 9, 2003 to customers under phase 4 as approved by the ERC
• Customers with terminated contracts
15%
%EWT
Political parties - Income payments made by political
parties and candidates of local and national elections of
all their purchase of goods and services as juridical
persons for their purchases of goods and services
intended to be given as campaign contribution to
political parties and candidates
5%
%EWT
Interest income derived from any other debt instrument
not within the coverage of “deposit substitute” and RR 14-
2012 unless otherwise provided by law or regulations
15%
%EWT
Income payments received by Real Estate Investment
Trust (REIT)
1%
%EWT
ncome payments on locally produced raw sugar
1%
