Republic Acts2 min read
Section 7Sec./Art. 7
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Section 11 of Republic Act No. 7716 is hereby amended to read as follows:
"Section 11. Section 115 of the National Internal Revenue Code, as amended, is hereby further amended to read as follows:
"Section 115. Percentage tax on domestic carriers and keepers of garages. Cars for rent or hire driven by the lessee, transportation contractors, including persons who transport passenger for hire, and other domestic carriers by land, air or water, for the transport of passengers, except owners of bancas, and owners of animal-drawn two-wheeled vehicle, and keepers of garages shall pay a tax equivalent to three per 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
P2,400.00
"2. Provincial
1,200.00
"Public utility bus
"Not exceeding 30 passengers
P3,600.00
"Exceeding 30 but not exceeding 50 passengers
6,000.00
"Exceeding 50 passengers
7,200.00
"Taxis
"1. Manila and other cities
P3,600.00
"2. Provincial
2,400.00
"Car for hire (w/ chauffeur)
3,000.00
"Car for hire (w/o chauffeur)
1,800.00"
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