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EWT Tax Rates and ATC Codes

The document lists various alphanumeric tax codes (ATCs) related to the nature of taxable income and applicable tax payment rates in the Philippines. It provides details for employee withholding taxes (EWTs) on different types of income like fees for professionals, entertainers, athletes, and consultants. The EWT rates range from 1% to 20% depending on the nature of income and whether the current year's gross income exceeds 720,000 Philippine pesos. Industries like funeral companies, pre-need companies, refineries, and suppliers of agricultural products also have specified EWT rates.

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398 views2 pages

EWT Tax Rates and ATC Codes

The document lists various alphanumeric tax codes (ATCs) related to the nature of taxable income and applicable tax payment rates in the Philippines. It provides details for employee withholding taxes (EWTs) on different types of income like fees for professionals, entertainers, athletes, and consultants. The EWT rates range from 1% to 20% depending on the nature of income and whether the current year's gross income exceeds 720,000 Philippine pesos. Industries like funeral companies, pre-need companies, refineries, and suppliers of agricultural products also have specified EWT rates.

Uploaded by

ericbacsal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
  • Withholding Tax Rates

TAX RATES- WITHHOLDING

SCHEDULES OF ALPHANUMERIC TAX CODES ATC NATURE OF TAX INCOME PAYMENT RATE IND CORP
EWT- professional/talent fees paid to juridical persons/individuals (lawyers, CPAs, etc.) EWT- professional entertainers- if the current year's gross income does not exceed P720,000.00 - if the current year's gross income exceeds P720,000.00 10% WI WC 010 010

ATC NATURE OF INCOME TAX PAYMENT RATE IND CORP


EWT- gross commission or service fees of custom, insurance, stock, real estate, immigration & commercial brokers & fees of agents of professional entertainers EWT- payments for medical practitioners through a duly registered professional partnership 10% WI WC 140 140

10%

WI 020

10%

WI 141

20%

WI 021

EWT- professional athletes- if the current year's gross income does not exceed P720,000.00 - if the current year's gross income exceeds P720,000.00 EWT- movie, stage, radio, television and musical directors- if the current year's gross income does not exceed P720,000.00 - if the current year's gross income exceeds P720,000.00 EWT- management and technical consultants EWT- bookkeeping agents and agencies EWT- insurance agents and insurance adjusters EWT- other recipient of talent fees- if the current year's gross income does not exceed P720,000.00 - if the current year's gross income exceeds P720,000.00 EWT- fees of directors who are not employees of the company EWT- rentals : real/personal properties, poles,satellites & transmission

10%

WI 030

20%

WI 031

EWT- payments for medical/dental /veterinary services thru hospitals/clinics/ 10% health maintenance organizations, including direct payments to service providers EWT- payments to partners of 10% general professional partnerships EWT- payments made by credit 1% of 1/2% card companies EWT- payments made by government offices on their local 2% purchase of goods & services from local/resident suppliers

WI 151

WI 152 WI WC 156 156 WI WC 157 157

10%

WI 040

20% 10% 10% 10%

WI 041 WI 050 WI 060 WI 070

EWT- Income payments made by top 10,000 private corporations to their local/resident supplier of goods

1%

WI WC 158 158

EWT- Income payments made by top 10,000 private corporations to their local/resident supplier of services EWT- additional payments to government personnel from importers, shipping and airline companies or their agents for overtime services EWT- commission,rebates, discounts & other similar considerations paid/granted to independent & exclusive distributors, medical/technical & sales representatives & marketing agents & sub-agents of multi-level marketing companies EWT - Gross payments to embalmers by funeral companies

2%

WI WC 160 160

10%

WI 080

15%

WI 159

20%

WI 081

10%

20%

WI 090

WI WC 515 515

5%

WI WC 100 100

1%

WI 530

facilities, billboards

EWT- cinematographic film rentals EWT- prime contractors/subcontractors EWT- income distribution to beneficiaries of estates & trusts

5% 2%

WI WC 110 110 WI WC 120 120 WI 130

15%

EWT - payments made by preneed companies to funeral parlors EWT- Tolling fee paid to refineries EWT- Income payments made to suppliers of agricultural products EWT- Income payments on purchases of minerals, mineral products & quarry resources

1% 5% 1%

WI WC 535 535 WI WC 540 540 WI WC 610 610 WI WC 630 630

1%

TAX RATES- WITHHOLDING SCHEDULES OF ALPHANUMERIC TAX CODES NATURE OF INCOME PAYMENT TAX RATE ATC NATURE OF INCO
facilities, billboards EWT - payments made by pre- need companies to funeral parlors 1% WI 535 WC 535 EWT- cinematogr

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