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What is Understanding Percentage Tax in the Philippines about?

The percentage tax is imposed on the sale of services and may be imposed together with VAT or excise tax. Establishments subject to VAT do not include restaurants with annual sales below P3 million, lodging houses with annual sales below P3 million, and rice retailers who sell agricultural products in their original state. The percentage tax payable on receipts from the practice of a profession is 3%. Receipts from land transport of passengers by common carriers are subject to the 3% common carrier

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