Tax Refund and Credit Authority
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Questions and Answers

What percentage of their quarterly gross sales do domestic carriers and keepers of garages need to pay as tax?

  • 4%
  • 3% (correct)
  • 5%
  • 2%
  • What type of carriers are exempt from local taxes imposed under Republic Act No. 7160?

  • International shipping carriers
  • International air carriers
  • Common carriers (correct)
  • Domestic carriers
  • What is the tax rate for international air carriers on their gross sales derived from transport of cargo from the Philippines to another country?

  • 5%
  • 2%
  • 3% (correct)
  • 4%
  • What is the frequency at which domestic carriers and keepers of garages need to pay tax?

    <p>Quarterly</p> Signup and view all the answers

    What is the type of tax that domestic carriers and keepers of garages need to pay?

    <p>Percentage tax</p> Signup and view all the answers

    What is the basis for the tax payment of international shipping carriers?

    <p>Gross sales derived from transport of cargo</p> Signup and view all the answers

    What is the name of the code that is being amended in Section 118?

    <p>National Internal Revenue Code of 1997</p> Signup and view all the answers

    What is the type of vehicles exempt from tax payment?

    <p>Animal-drawn two-wheeled vehicles</p> Signup and view all the answers

    What is the purpose of the tax payment by domestic carriers and keepers of garages?

    <p>To generate revenue for the government</p> Signup and view all the answers

    What is the amended section that discusses percentage tax on international carriers?

    <p>Section 118</p> Signup and view all the answers

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