Republic Acts1 min read
Section 118National Internal Revenue Code of 1997 (Republic Act No. 8424), Sec. 118
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Percentage Tax on International Carriers. -
(A) International air carriers doing business in the Philippines shall pay a tax of three percent (3%) of their quarterly gross receipts.
(B) International shipping carriers doing business in the Philippines shall pay a tax equivalent to three percent (3%) of their quarterly gross receipts.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.