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Local Tax Rate Summary

The document outlines various local tax rates applicable in different provinces and cities, including local transfer tax, printing, franchise, quarry, and professional taxes, with specified rates for regular and adjusted categories. It also details community tax/sedula rates for individuals and corporations, as well as real property tax computation methods and rates based on property types. Additionally, it includes specific tax rates for idle land and provides a sample calculation for clarity.

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56 views2 pages

Local Tax Rate Summary

The document outlines various local tax rates applicable in different provinces and cities, including local transfer tax, printing, franchise, quarry, and professional taxes, with specified rates for regular and adjusted categories. It also details community tax/sedula rates for individuals and corporations, as well as real property tax computation methods and rates based on property types. Additionally, it includes specific tax rates for idle land and provides a sample calculation for clarity.

Uploaded by

queeniemariemanilag.dsi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Local Tax Rate

PROVINCE CITY (+50%)


LOCAL TAX Tax Rate Tax Rate TAX BASE
Regular Adjusted Regular Adjusted
Local Transfer Tax 0.5% 0.55% 0.75% 0.825% Acquisition or FMV whichever is higher
Printing 0.5% 0.55% 0.75% 0.825% Gross annual receipts of the preceding year
Printing (new business) 0.05% 0.055% 0.075% 0.0825% Capital investment
Franchise 0.5% 0.55% 0.75% 0.825% Gross annual receipts of the preceding year

Franchise (new business) 0.05% 0.055% 0.075% 0.0825% Capital investment

Quarry 10% 11% 15% 16.5% FMV


Professional P300 P330 P300 P330
Amusement 10% 11% 10% 11% Gross receipts

Delivery Van P500 P550 P750 P825 Per van per year
Municipality
Retailers 2% 2.2% 3% 3.3% Less than 400k
Retailers 1% 1% 1.5% 1.65% More than 400k
Banks 0.5% 0.55% 0.75% 0.825% Gross receipt
Peddlers P50 P55 P75 P82.50
Other business Gross annual receipts of the preceding year
2% 2.2% 3% 3.3%

Barangay
Retailers If ito lang ang kita

City 50,000 or less Gross annual receipts of the preceding


1%
Municipality 30,000 or less year

Community Tax/Sedula
Tax Basic Additional
Individual P5.00 P1.00 for every 1,000 of gross revenue

Limit: 5,000
Max: 5,005
Corporation P500.00 P2.00 for every 5,000 of
GR + Real Property (Assess Value)

Limit: 10,000
Max: 10,500
Real Property Tax/Amilyar
Tax Computation
1. Assessor’s Value – FMV
2. Assessment Levels

On Lands On Special Classes


Residential 20% Cultural 20%
Agricultural 40% Scientific 40%
Commercial 50% Hospital 50%
Industrial 50% Local Water district 50%
Mineral 50% Gov. or controlled corp. supply of 50%
Timberland 20% water and electricity

3. Assessed Value = Assessor’s Value x Assessed Level


4. Assessed Value x Tax Rate

Tax Rate

NCR PROVINCE
Basic 2% 1%
SEF 1% 1%
SH Tax (housing, urban, at least 50K) 0.5% 0.5%

Tax on Idle Land 5% of assessed value

Sample:
Assessor’s Value XX
Multiply by: Assesses Level XX
Assessed Value XX

(multiply each in assessed Value)


Basic XX
SEF Levy XX
SH Tax XX
Idle Land XX
Total RPT XX

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