EWT and CWT

Question 1

Professional/Management/Consultancy Fees (Individual)

Gross Income is 3M or below
With submitted sworn declaration

Answer 1

5%

Question 2

Professional/Management/Consultancy Fees (Non-Individual)

Gross Income is 720,000 or below

Answer 2

10%

Question 3

Professional/Management/Consultancy Fees (Individual)

Gross Income is over 3M
VAT Registered
Without sworn declaration

Answer 3

10%

Question 4

Professional/Management/Consultancy Fees (Non-Individual)

Gross Income is over 720,000
Without sworn declaration

Answer 4

15%

Question 5

Contractors/Subcontractors
Security (Agency fee only)
Janitorial

Answer 5

2%

Question 6

Director’s Fees (if not employees)

Answer 6

10% - 720,000 or below
15% - over 720,000

Question 7

Rental in excess of 10,000 annually
(Real or Personal)

Answer 7

5%

Question 8

Purchases of TWAs
Purchases by Large Taxpayers
Purchases by Government
Purchases by Joint Ventures/Consortium

Answer 8

Regular Suppliers:
1% - Goods
2% - Sefvices

Question 9

Partners in General Professional Partnerships (GPP)

720,000 or less

Answer 9

10%

Question 10

Partners in General Professional Partnerships (GPP)

Above 720,000
Without sworn declaration

Answer 10

15%

Question 11

Income distributed to beneficiaries of estates/trusts

Answer 11

15%

Question 12

Commission (if not employee)

Answer 12

10%

Question 13

Gross Remittance of E-Marketplace Operator (500,000 threshold)

Answer 13

1%
Old Rule - 1/2 of 1%

Question 14

Creditable withholding VAT on sale to government

Answer 14

5% beginning Jan. 1, 2021

Question 15

Creditable Percentage Tax

Answer 15

3%