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What are included in the “Other Percentage Taxes” under Title V of the Tax Code. as amended?

Home / FAQ / What are included in the “Other Percentage Taxes” under Title V of the Tax Code. as amended?

Other than Sec. 1 16, the following sections are included under the said Title V:

Sec. 117 – Percentage tax (P T) on domestic carriers and keepers of garages
Sec. 118 – PT on international carriers
Sec. 119 – Fax on Franchises
Sec. 120 – Iax on overseas dispatch, message or conversation originating from the Philippines
Sec. 121 – Tax on banks and non-bank financial intermediaries performing quasi -banking functions
Sec. 122 – Tax on other non-bank financial intermediaries
Sec. 123 – Tax on life insurance premiums
Sec. 124 – Tax on agents of foreign insurance companies
Sec. 125 – Amusement taxes
Sec. 126 – Tax on winnings
Sec. 127 – Tax on sale, barter or exchange of shares of stock listed and traded through the local stock exchange or through initial public offering

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