👉Withholding Tax on Government Money Payments (GMP) - Percentage Taxes - is the tax withheld by National Government Agencies (NGAs) and instrumentalities, including government-owned and controlled corporations (GOCCs) and local government units (LGUs), before making any payments to non-VAT registered taxpayers/suppliers/payees.
👉Withholding Tax on GMP - Value Added Taxes (GVAT) - is the tax withheld by National Government Agencies (NGAs) and instrumentalities, including government-owned and controlled corporations (GOCCs) and local government units (LGUs), before making any payments to VAT registered taxpayers/suppliers/payees on account of their purchases of goods and services.
| SN | TAX TYPE | DESCRIPTION | RATE | ATC |
|---|---|---|---|---|
| APPLICABLE TO GOVERNMENT WITHHOLDING AGENT ONLY | ||||
| 1 | WV | VAT withholding on Purchase of Goods | 5% | WV010 |
| 2 | WV | VAT Withholding on Purchase of Services | 5% | WV020 |
| APPLICABLE TO BOTH GOVERNMENT AND PRIVATE WITHHOLDING AGENTS | ||||
| 3 | WV | VAT Withholding from non-residents (Government Withholding Agents) | 12% | WV040 |
| 4 | WV | VAT Withholding from non-residents (Private Withholding Agents) | 12% | WV050 |
| 5 | WV | VAT Withholding on Purchases of Goods (with waiver of privilege to claim tax credit) creditable | 12% | WV012 |
| 6 | WV | VAT Withholding on Purchases of Goods (with waiver of privilege to claim input tax credit) final | 12% | WV014 |
| 7 | WV | VAT Withholding on Purchases of Services (with waiver of privilege to claim input tax credit) creditable | 12% | WV022 |
| 8 | WV | VAT Withholding on Purchases of Services (with waiver of privilege to claim input tax credit) final | 12% | WV024 |
| APPLICABLE TO GOVERNMENT WITHHOLDING AGENT ONLY | ||||
| 9 | WB | Tax on Carriers and Keepers of Garages | 3% | WB030 |
| 10 | WB | Franchise Tax on Gas and Utilities | 2% | WB040 |
| 11 | WB | Franchise tax on radio & TV broadcasting companies whose annual gross receipts do not exceed P10M & who are not-VAT registered taxpayer | 3% | WB050 |
| 12 | WB | Tax on Life insurance premiums | 2% | WB070 |
| 13 | WB | Tax on Overseas Dispatch, Message or Conversation from the Philippines | 10% | WB090 |
| 14 | WB | Business tax on Agents of Foreign Insurance companies - Insurance Agents | 4% | WB120 |
| 15 | WB | Business tax on Agents of Foreign Insurance companies - owner of the property | 5% | WB121 |
| 16 | WB | Tax on international carriers | 3% | WB130 |
| 17 | WB | Tax on Cockpits | 18% | WB140 |
| 18 | WB | Tax on amusement places, such as cabarets, night and day clubs, videoke bars, karaoke bars, karaoke televion, karaoke boxes, music lounges and other similar establishments | 18% | WB150 |
| 19 | WB | Taxes on Boxing exhibitions | 10% | WB160 |
| 20 | WB | Taxes on professional basketball games | 15% | WB170 |
| 21 | WB | Tax on jai-alai and race tracks | 30% | WB180 |
| 22 | WB | Tax on sale barter or exchange of stocks listed and traded through Local Stock Exchange | 6/10 of 1% | WB200 |
| 23 | WB | Tax on shares of stocks sold or exchanged through initial and secondary public offering - Not over 25% - Over 25% but not exceeding 33 1/3% - Over 33 1/3% | 4% 2% 1% | WB201 WB202 WB203 |
| WB | Tax on Banks and Non-banks Financial Intermediaries Performing Quasi Banking Functions | |||
| 24 | WB | A. On interest, commissions and discounts from lending activities as well as income from financial leasing on the basis of the remaining maturities of instruments from which receipts are derived - Maturity period is five years or less - Maturity period is more than five years | 5% 1% | WB301 WB302 |
| 25 | WB | B. On dividends and equity shares and net income of subsidiaries | 0% | WB102 |
| 26 | WB | C. On royalties, rentals of property, real or personal, profits from exchange and all other items treated as gross income under the Code | 7% | WB103 |
| 27 | WB | D. On net trading gains within the taxable year on foreign currency, debt securities, derivatives and other similar financial instruments | 7% | WB104 |
| WB | Tax on Other Non-Banks Financial Intermediaries nor performing Quasi-Banking Functions | |||
| 28 | WB | A. On interest, commissions and discounts from lending activities as well as income from financial leasing on the basis of the remaining maturities of instruments from which such receipts are derived - Maturity period is five years or less - Maturity period is more than five years | 5% 1% | WB108 WB109 |
| 29 | WB | B. On all other items treated as gross income under the Code | 5% | WB110 |
| APPLICABLE TO BOTH GOVERNMENT AND PRIVATE WITHHOLDING AGENTS | ||||
| 30 | WB | Persons exempt from VAT under Sec. 108BB (creditable) Government Withholding Agent | 3% | WB080 |
| 31 | WB | Persons exempt from VAT under Sec. 108BB (creditable) Private Withholding Agent | 3% | WB082 |
| 32 | WB | Persons exempt from VAT under Section 109BB (Section 116 applies) | 3% | WB084 |