Section 3Sec./Art. 3

Section 21 of the National Internal Revenue Code of 1997, as amended, is hereby amended to read as follows:

"Section 21. Sources of Revenue and Classification of Taxpayers. -

(a) The following taxes, fees and charges are deemed to be national internal revenue taxes:

(1) Income tax;

(2) Estate and donor's taxes;

(3) Value-added tax;

(4) Other percentage taxes;

(5) Excise taxes;

(6) Documentary stamp taxes; and

(7) Such other taxes as are hereafter may be imposed and collected by the Bureau of Internal Revenue.

(b) Classification of Taxpayers. - For purposes of responsive tax administration, taxpayers shall be classified as follows:

GROUP

GROSS SALES

Micro

Less than Three million pesos (P3,000.00)

Small

Three million pesos (P3,000.00) to less than Twenty million pesos (P20,000.00)

Medium

Twenty million pesos (P20,000.00) to less than One billion pesos (P1,000,000.00)

Large

One billion pesos (P1,000,000.00) and above