Podcast
Questions and Answers
What percentage of their quarterly gross sales do domestic carriers and keepers of garages need to pay as tax?
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?
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?
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?
What is the frequency at which domestic carriers and keepers of garages need to pay tax?
What is the type of tax that domestic carriers and keepers of garages need to pay?
What is the type of tax that domestic carriers and keepers of garages need to pay?
What is the basis for the tax payment of international shipping carriers?
What is the basis for the tax payment of international shipping carriers?
What is the name of the code that is being amended in Section 118?
What is the name of the code that is being amended in Section 118?
What is the type of vehicles exempt from tax payment?
What is the type of vehicles exempt from tax payment?
What is the purpose of the tax payment by domestic carriers and keepers of garages?
What is the purpose of the tax payment by domestic carriers and keepers of garages?
What is the amended section that discusses percentage tax on international carriers?
What is the amended section that discusses percentage tax on international carriers?
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