What should Gross Philippine Billings include for international flights originating from the Philippines?
Understand the Problem
The question is asking what specific elements should be included in the Gross Philippine Billings for international flights that start in the Philippines, specifically considering various aspects like outbound flights, total fares, returns, and revalidated tickets.
Answer
Gross revenue from passengers, cargo, or mail originating from the Philippines to the final destination.
Gross Philippine Billings should include the total amount of gross revenue derived from the passage of passengers, cargo, or mail originating from the Philippines up to the final destination, regardless of the place of sale or payment of the passage or freight documents.
Answer for screen readers
Gross Philippine Billings should include the total amount of gross revenue derived from the passage of passengers, cargo, or mail originating from the Philippines up to the final destination, regardless of the place of sale or payment of the passage or freight documents.
More Information
Gross Philippine Billings are calculated based on the total revenue from flights departing the Philippines, ensuring that all international carriers are taxed on the income derived from such operations.
Tips
Omitting revenue from any leg of the flight originating from the Philippines can lead to incorrect calculation of Gross Philippine Billings.
Sources
- Gross Philippine Billings Definition by Law Insider - lawinsider.com
- Revenue Regulations No. 15-2002 - elibrary.judiciary.gov.ph
AI-generated content may contain errors. Please verify critical information
