Basic tax: VAT due on the sale, hire or exchange of taxable goods, goods or services by a person registered or required to register in accordance with Article 236 of the Tax Code. Sale or rental of goods and services to the elderly and persons with disabilities, as is the case in Republic Act No. 9994 (Expanded Senior Citizens Act 2010) or 10754 (an Act to extend the benefits and privileges of persons with disabilities); imposes the effectiveness of thresholds for the sale of residential land, the sale of the house and land, the rental of residential units and the sale or rental of property or immovable property or the provision of services under Section 109 (P), (Q) and (V) of the 1997 Tax Code, as amended, are applicable to amendments to sections 4.109 to 1 (B) (1) (s), (t) and (u) of the RR nr. 16-2005, as amended, with regard to the sale, import or rental of passenger or cargo ships and aircraft, including engines, equipment and spare parts for which they are intended for national or international transport, is a tax on documents, instruments, loan agreements and documents attesting to the acceptance, transfer, the sale or transfer of an obligation, right or incident of ownership. Leasing is more like debt than leasing. A kind of commitment like a rental of personal property. The simple deed of loan is already a means of facilitating an obligation or of advancing, on behalf of the lessee, certain immovable property instead of cash in exchange for a definitive amortization to the lessor, at the conclusion of the profit margin. Section 179 of the NIRC, as amended, applies to all debt instruments. Therefore, any document, transaction or agreement entered into under a leasing agreement is subject to the DST as amended in accordance with this section of the NIRC. (RMC #46-2014) All sales, sales agreements, memoranda of sale, deliveries or transfers of shares or share certificates have a set of stamp duties of documents from one peso and fifty centavos (1.50) to two hundred pesos or fraction of the nominal value of the share. If the share has no nominal value, the tax on document marks is equal to half (50%) of the stamp of the document paid at the time of the initial issue of the shares. services to persons working in the international navigation or aviation sector, including the rental of goods for personal use; Provided that such services are provided exclusively for international or air transport.
(Therefore, these services do not concern those supplied by air and sea to common air carriers with respect to their carriage of passengers, goods or goods from one place in the Philippines to another place in the Philippines, the same being subject to the VAT of 12% (12%) provided for in section.