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FINALS 03.03 - COMMUNITY TAX CERTIFICATE - Coggle Diagram
FINALS 03.03 - COMMUNITY TAX CERTIFICATE
A. WHO ARE LIABLE
B. EXEMPTIONS
C. PLACE & TIME OF PAYMENT OF TAX
WHERE PAID:
NATURAL: RESIDENCE
JURIDICAL: PRINCIPAL OFFICE
SECTION 160. Place of Payment. – The community tax shall be paid in the place of residence of the individual, or in the place where the principal office of the juridical entity is located.
ACRRUES: FIRST D JAN
DEADLINE: LAST D FEB
SECTION 161. Time for Payment; Penalties for Delinquency. –
(a) The community tax shall accrue on the first (1st) day of January of each year which shall be paid not later than the last day of February of each year.
If a person reaches the age of eighteen (18) years or otherwise loses the benefit of exemption on or before the last day of June, he shall be liable for the community tax on the day he reaches such age or upon the day the exemption ends.
However, if a person reaches the age of eighteen (18) years or loses the benefit of exemption on or before the last day of March, he shall have twenty (20) days to pay the community tax without becoming delinquent.
NATURAL:
JAN 1 ON/BEFORE
18 or CEASE EXEMPT
NOT SUBJECT
Persons who come to reside in the Philippines or reach the age of eighteen (18) years on or after the first (1st) day of July of any year, or who cease to belong to an exempt class on or after the same date, shall not be subject to the community tax for that year.
JURIDICAL
ORGA
ON/BEFORE
JUNE 30
TAXABLE
(b) Corporations established and organized on or before the last day of June shall be liable for the community tax for that year.
24%-INT-PA PAST DEADLINE
If the tax is not paid within the time prescribed above, there shall be added to the unpaid amount an interest of twenty-four percent (24%) per annum from the due date until it is paid.
○ Hardly practiced. As long as you get a cedula from them, masaya na sila.
ORGA BEFORE LAST MARCH
20 D PALUGIT
But corporations established and organized on or before the last day of March shall have twenty (20) days within which to pay the community tax without becoming delinquent.
ORGA
ON/AFTER
JULY 1
NON-TAXABLE
Corporations established and organized on or after the first day of July shall not be subject to the community tax for that year.
EXEMPT:
SECTION 159. Exemptions. – The following are exempt from the community tax:
DIPLOMATIC & CONSULAR REP
(1) Diplomatic and consular representatives; and
TRANSIENT VISITORS
a.
3-MO MAX
(2) Transient visitors when their stay in the Philippines does not exceed three (3) months.
NATURALS' COMM TAX
BASIC: P5
PLUS: P1/1000 INCOME
5K MAX
18 YRS OLD
a.
30D-CONSEC EE
b.
BUSINESS/OCCUPATION
c.
1K RP
d.
ITR-REQUIRED
SECTION 157. Individuals Liable to Community Tax. –
Every INHABITANT of the Philippines
eighteen (18) years of age or over
who has been regularly employed on a wage or salary basis for at least thirty (30) consecutive working days during any calendar year,
or
who is engaged in business or occupation,
or
who owns real property with an aggregate assessed value of One thousand pesos (P1,000.00) or more, or
who is required by law to file an income tax return shall pay an
annual additional tax of Five pesos (P5.00) and an annual additional tax of One peso (P1.00)
for every One thousand pesos (P1,000.00) of income
regardless of whether from business, exercise of profession or from property which in no case shall exceed Five thousand pesos (P5,000.00).
JURIDICALS' COMM TAX
SECTION 158. Juridical Persons Liable to Community Tax. –
Every corporation no matter how created or organized, whether domestic or resident foreign, engaged in or doing business in the Philippines shall pay an
P500 COMM TAX
annual community tax of Five hundred pesos (P500.00) and an
P10K-MAX ADDED TAX
annual additional tax, which, in no case, shall exceed Ten thousand pesos (P10,000.00) in accordance with the following schedule:
EXEMPT:
SECTION 159. Exemptions. – The following are exempt from the community tax:
DIPLOMATIC & CONSULAR REP
(1) Diplomatic and consular representatives; and
TRANSIENT VISITORS
a.
3-MO MAX
(2) Transient visitors when their stay in the Philippines does not exceed three (3) months.
P2/5000 RP
(1) For every Five thousand pesos
(P5,000.00) worth of real property in the Philippines owned by it
during the preceding year based on the valuation used for the payment of real property tax under existing laws,
found in the assessment rolls of the city or municipality where the real property is situated – Two pesos (P2.00); and
P2/5000 G-REC
(2) For every Five thousand pesos (P5,000.00) of gross receipts or earnings derived by it from its business in the Philippines during the preceding year – Two pesos (P2.00).
DIVIDENDS INCLUDED
The dividends received by a corporation from another corporation however shall, for the purpose of the additional tax, be considered as part of the gross receipts or earnings of said corporation.
SPOUSES:
TOTAL PROP + TOTAL G-REC
In the case of husband and wife, the additional tax herein imposed shall be based upon the total property owned by them and the total gross receipts or earnings derived by them.
SPOUSES
P5 EACH: BASIC
P1/P1K BOTH: ADD
a.
TOTAL PROP G-REC
b.
TOTAL G-REC
In the case of husband and wife, each of them shall pay the basic annual tax of Php5.00
but
the additional tax of Php1.00 for every Php1,000 of income mentioned above is
based on the total gross receipts or earnings derived by them and on the total property owned by them. Ibid.; see also Art. 246(b)(2), IRR