TAX 109-codal
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TAX-VAT-109 Remember Me BINAY The following transactions shall be EXEMPT from the Value Added Tax: A. Sale or Importation AGRICUL TURAL or MARINE fo od products in their original state LIVESTOCK and POULTRY of a kind generall y used as or yielding or producing FOODS FOR HUMAN CONSUMPTION BREEDING STOCK and GENETIC materials *Products considered in ORIGINAL STATE even if they had undergone: simple processes of preparation or preservation for the market -freezing, drying, salting, broiling, roasting, smoking or stripping *Polished and/or husked RICE, CORN grits, raw cane SUGAR and MOLASSES, ordinary SALT and COPRA = original state B. Sale or Importation FERTILIZERS, SEEDS, SEEDINGS and FINGERLINGS. FISH, PRAWN, LIVESTOCK, POULTRY FEEDS including ingredients *locally produced or imported *used in MANUFACTURE OF FINISHED FEEDS XPN: SPECIALTY FEEDS Race HORSES Fighting COCKS Aquarium FISH ZOO Animals Other animals considered PETS C. Importation PERSONAL and HOUSEHOLD EFFECTS 1. Belonging to Residents of the Philippines returning from abroad 2. Non-Reside nt citizens Coming to RESETTLE in Philippines PROVIDED: goods EXEMPT from: Custom Duties under TCC D. Importation PROFESSIONAL INSTRUMENTS AND IMPLEMENTS WEARING APPAREL DOMESTIC ANIMALS PERSONAL HOUSEHOLD EFFECTS EXCEPT: Vehicle, V essel, Aircraf t Machinery Other goods for use in Manufacture and Merchandize of any Commercial Quantity BELONGING TO PERSONS COMING TO SETTLE IN THE PHILIPPINES For OWN USE NOT for SALE,BARTER EXCHANGE Accompanying such person s or arrivin g WITHIN 90 days B efore or after arr ival Production of EVIDENCE Satisfactory to Commissione r 1. persons actually coming to SETTLE in the Philippines 2. Change of residence is BONA FIDE E. Services PERCENTAGE TAX Under Title V F. Services AGRICUL TURAL CO NTRACT G ROWERS AND MILL ING FOR OTHERS PALAY into rice CORN into grits SUGAR CANE into raw sugar G. Services MEDICAL, DENTAL, HOSPITAL AND VETERIN ARY XPN: rendered by PROFESSIONALS H. Services EDUCATIONAL By PRIVATE EDUCATIONAL INSTITUTIONS Duly ACCREDITED by DEPED, CHED, TESDA Other Government Educational Institution I. Services INDIVIDUALS EMPLOYER-EMPLOYEE relationship J. Services REGIONAL OR AREA HEADQUARTERS Established in the Philippines By MULTINATIONAL CORPORATIONS Act as Supervi sory, Commun ications and Coordinating Centers For Affiliates, Subsidiaries, Branches In Asia-Pacific Regio DO NOT EARN OR DERIVE INCOME FROM THE PHILIPPINES
Transcript of TAX 109-codal
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TAX-VAT-109 Remember Me BINA
The following transactions shall be EXEMPT fromthe Value Added Tax:
A. Sale or Importation AGRICULTURAL or MARINE food products
in their original state LIVESTOCK and POULTRY of a kind
generally used as or yielding or producing FOODS FOR HUMAN CONSUMPTION BREEDING STOCK and GENETIC materials
*Products considered in ORIGINAL STATEeven if they had undergone: simple processesof preparation or preservation for the market-freezing, drying, salting, broiling, roasting,smoking or stripping*Polished and/or husked RICE, CORN grits,raw cane SUGAR and MOLASSES, ordinary SALT and COPRA = original state
B. Sale or Importation FERTILIZERS, SEEDS, SEEDINGS and FINGERLINGS. FISH, PRAWN, LIVESTOCK, POULTRY
FEEDS including ingredients*locally produced or imported*used in MANUFACTURE OF FINISHEDFEEDS
XPN: SPECIALTY FEEDS
Race HORSES
Fighting COCKS
Aquarium FISH ZOO Animals
Other animals considered PETS
C. ImportationPERSONAL and HOUSEHOLD EFFECTS1. Belonging to Residents of the Philippines
returning from abroad2. Non-Resident citizens
Coming to RESETTLE in PhilippinesPROVIDED: goods EXEMPT from:Custom Duties under TCC
D. Importation PROFESSIONAL INSTRUMENTS AND
IMPLEMENTS WEARING APPAREL DOMESTIC ANIMALS PERSONAL HOUSEHOLD EFFECTS
EXCEPT:
Vehicle, Vessel, Aircraft
Machinery
Other goods for use in Manufactureand Merchandize of any CommercialQuantity
BELONGING TO PERSONS COMING TOSETTLE IN THE PHILIPPINES
For OWN USE
NOT for SALE,BARTER EXCHANGE Accompanying such persons or arriving
WITHIN 90 days Before or after arrival
Production of EVIDENCE Satisfactoryto Commissioner1. persons actually coming to SETTLEin the Philippines2. Change of residence is BONA FIDE
E. Services PERCENTAGE TAX
Under Title V
F. Services AGRICULTURAL CONTRACT GROWERS AND MILLING FOR OTHERS
PALAY into rice
CORN into grits
SUGAR CANE into raw sugar
G. Services MEDICAL, DENTAL, HOSPITAL AND
VETERINARY XPN: rendered by PROFESSIONALS
H. Services EDUCATIONAL
By PRIVATE EDUCATIONALINSTITUTIONS
Duly ACCREDITED by
DEPED, CHED, TESDA
Other Government EducationalInstitution
I. Services INDIVIDUALS
EMPLOYER-EMPLOYEE relationship
J. Services REGIONAL OR AREA HEADQUARTERS
Established in the Philippines By MULTINATIONAL CORPORATIONS
Act as Supervisory, Communications anCoordinating Centers
For Affiliates, Subsidiaries, Branches
In Asia-Pacific Regio
DO NOT EARN OR DERIVE INCOMEFROM THE PHILIPPINES
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TAX-VAT-109 Remember Me BINA
K. Transactions EXEMPT International Agreements Philippines is a SIGNATORY SPECIAL LAWSXPN: P.D. 529
L. Sales By AGRICULTURAL COOPERATIVES DULY REGISTERED with
COOPERATIVE DEVELOPMENT AUTHORITY
SALE OF PRODUCE-Original or processed1. to their MEMBERS2. NON-MEMBERS
IMPORTATION of:o Direct farm inputso Machineries and equipmento Spare parts
Used DIRECTLY and EXCLUSIVELY inProduction and/or processing of produce
M. Gross Receipts LENDING ACTIVITIES BY CREDIT OR MULTI-PURPOSE COOP
Duly registered with CooperativeDevelopment Authority
N. Sales NON-AGRICULTURAL NON-ELECTRIC
NON-CREDIT Cooperatives
