I finally filed my first monthly percentage tax return. Since I fall under persons whose gross annual sales and/or receipt do not exceed P1,500,000 and who are not VAT-registered persons, I’m obliged to pay 3% of my monthly income. This should be filed not later than the 20th day following the end of each month.
1. Persons whose gross annual sales and/or receipt do not exceed P1,500,000 and who are not VAT-registered persons;
2. Domestic carriers and keepers of garages, except owners of bancas and owners of animal-drawn two wheeled vehicle;
3. Operators of international air and shipping carriers doing business in the Philippines;
4. Franchise grantees of gas or water utilities;
5. Franchise grantees of radio and/or television broadcasting companies whose gross annual receipts of the preceding year do not exceed Ten Million Pesos (P10,000,000.00) and did opt to register as VAT taxpayers;
6. Banks, non-bank financial intermediaries and finance companies;
7. Life insurance companies;and
8. Agent of foreign insurance companies.