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Section 118. Percentage Tax on International Carriers - National Internal Revenue Code (NIRC)

Section 118. Percentage Tax on International Carriers of National Internal Revenue Code (NIRC). Section 118. Percentage Tax on International Carriers. - (A) International air carriers doing business in the Philippines shall pay a tax of thre

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

National Internal Revenue Code (NIRC)

Section 118. 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.

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