Documentary Stamp Tax is a tax on documents, instruments, loan agreements
and papers evidencing the acceptance, assignment, sale or transfer of an
obligation, rights, or property incident thereto. 

Income Tax is a tax on all yearly profits arising from property, profession, trades
or offices or as a tax on a person’s income, emoluments, profits and the like.

Percentage Tax is a business tax imposed on persons or entities who sell or lease
goods, properties or services in the course of trade or business whose gross
annual sales or receipts do not exceed P550,000 and are not VAT-registered.

Value-Added Tax is a business tax imposed and collected from the seller in the
course of trade or business on every sale of properties (real or personal) lease of
goods or properties (real or personal) or vendors of services. It is an indirect tax,
thus, it can be passed on to the buyer. 

Withholding Tax on Compensation is the tax withheld from individuals receiving
purely compensation income.

Expanded Withholding Tax is a kind of withholding tax which is prescribed only
for certain payors and is creditable against the income tax due of the payee for
the taxable quarter year.

Creditable Withholding Tax at Source (CWT) is the tax which is withheld by the
buyer/withholding agent from his payment to the seller for the sale of the seller’s
ordinary asset/services, and which tax is creditable against the income tax
payable of the seller.