Republic Acts1 min read
Section 11Sec./Art. 11
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Section 115 of the National Internal Revenue Code, as amended, is hereby further amended to read as follows:
"Section 115.Percentage tax on carriers and keepers of garages. Keepers of garages, and common carriers by land, air or water for the transport of passengers, except owners of bancas, and owners of animal-drawn two-wheeled vehicles, shall pay a tax equivalent to threeper centum(3%) of their quarterly gross receipts.
"The gross receipts of common carriers derived from their incoming and outgoing freight shall not be subjected to the local taxes imposed under Republic Act No. 7160, otherwise known as the Local Government Code of 1991.
"In computing the percentage tax provided in this section, the following shall be considered the minimum quarterly gross receipts in each particular case:
"Jeepney for hire -
1. Manila and other cities
₱2,400
2. Provincial
₱1,200
"Public utility bus -
Not exceeding 30 passengers
₱3,600
Exceeding 30 but not exceeding 50 passengers
₱6,000
Exceeding 50 passengers
₱7,200
"Taxis -
1. Manila and other cities
₱3,600
2. Provincial
₱2,400
Car for hire (w/ chauffeur)
₱3,000
Car for hire (w/out chauffeur)
₱1,800"
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