SEC. 103. Filing of Return and Payment of Tax

SEC. 102. Valuation of Gifts Made in Property

SEC. 101. Exemption of Certain Gifts

SEC. 100. Transfer for Less Than Adequate and Full Consideration

SEC. 99. Rates of Tax Payable by Donor

SEC. 98. Imposition of Tax

SEC. 97. Payment of Tax Antecedent to the Transfer of Shares, Bonds or Rights

SEC. 96. Restitution of Tax Upon Satisfaction of Outstanding Obligations

SEC. 95. Duties of Certain Officers and Debtors

SEC. 94. Payment before Delivery by Executor or Administrator

SEC. 93. Definition of Deficiency

SEC. 92. Discharge of Executor or Administrator from Personal Liability

SEC. 91. Payment of Tax

SEC. 90. Estate Tax Returns

SEC. 89. Notice of Death to be Filed

SEC. 88. Determination of the Value of the Estate

SEC. 87 Exemption of Certain Acquisitions and Transmissions

SEC. 86. Computation of Net Estate

SEC. 85. Gross Estate

SEC. 84. Rates of Estate Tax

SEC. 83. Statements and Returns

SEC. 82. Return and Payment in Case of Government Employees

SEC. 81. Filing of Return and Payment of Taxes Withheld

SEC. 80. Liability for Tax

SEC. 79. Income Tax Collected at Source

SEC. 78. Definitions

SEC. 77. Place and Time of Filing and Payment of Quarterly Corporate Income Tax

SEC. 76. - Final Adjustment Return

SEC. 75. - Declaration of Quarterly Corporate Income Tax

SEC. 75. - Declaration of Quarterly Corporate Income Tax. - Every corporation shall file in duplicate a quarterly summary declaration of its gross income and deductions on a cumulative basis for the preceding quarter or quarters upon which the income tax, as provided in Title II of this Code, shall be levied, collected and paid. The tax so computed shall be decreased by the amount of tax previously paid or assessed during the preceding quarters and shall be paid not later than sixty (60) days from the close of each of the first three (3) quarters of the taxable year, whether calendar or fiscal year.

Source: https://www.bir.gov.ph/index.php/tax-code.html#title2

SEC. 74. Declaration of Income Tax for Individuals.

SEC. 74. Declaration of Income Tax for Individuals. -

(A) In General. - Except as otherwise provided in this Section, every individual subject to income tax under Sections 24 and 25(A) of this Title, who is receiving self-employment income, whether it constitutes the sole source of his income or in combination with salaries, wages and other fixed or determinable income, shall make and file a declaration of his estimated income for the current taxable year on or before April 15 of the same taxable year. In general, 'self-employment income' consists of the earnings derived by the individual from the practice of profession or conduct of trade or business carried on by him as a sole proprietor or by a partnership of which he is a member. Nonresident Filipino citizens, with respect to income from without the Philippines, and nonresident aliens not engaged in trade or business in the Philippines, are not required to render a declaration of estimated income tax. The declaration shall contain such pertinent information as the Secretary of Finance, upon recommendation of the Commissioner, may, by rules and regulations prescribe. An individual may make amendments of a declaration filed during the taxable year under the rules and regulations prescribed by the Secretary of Finance, upon recommendation of the Commissioner.

(B) Return and Payment of Estimated Income Tax by Individuals. - The amount of estimated income as defined in Subsection (C) with respect to which a declaration is required under Subsection (A) shall be paid in four (4) installments. The first installment shall be paid at the time of the declaration and the second and third shall be paid on August 15 and November 15 of the current year, respectively. The fourth installment shall be paid on or before April 15 of the following calendar year when the final adjusted income tax return is due to be filed.

(C) Definition of Estimated Tax. - In the case of an individual, the term 'estimated tax' means the amount which the individual declared as income tax in his final adjusted and annual income tax return for the preceding taxable year minus the sum of the credits allowed under this Title against the said tax. If, during the current taxable year, the taxpayer reasonable expects to pay a bigger income tax, he shall file an amended declaration during any interval of installment payment dates.

Source: https://www.bir.gov.ph/index.php/tax-code.html#title2

SEC. 73. Distribution of Dividends or Assets by Corporations

SEC. 73.  Distribution of Dividends or Assets by Corporations

(A) Definition of Dividends. - The term 'dividends' when used in this Title means any distribution made by a corporation to its shareholders out of its earnings or profits and payable to its shareholders, whether in money or in other property.

Where a corporation distributes all of its assets in complete liquidation or dissolution, the gain realized or loss sustained by the stockholder, whether individual or corporate, is a taxable income or a deductible loss, as the case may be.

(B) Stock Dividend. - A stock dividend representing the transfer of surplus to capital account shall not be subject to tax. However, if a corporation cancels or redeems stock issued as a dividend at such time and in such manner as to make the distribution and cancellation or redemption, in whole or in part, essentially equivalent to the distribution of a taxable dividend, the amount so distributed in redemption or cancellation of the stock shall be considered as taxable income to the extent that it represents a distribution of earnings or profits.

(C) Dividends Distributed are Deemed Made from Most Recently Accumulated Profits. - Any distribution made to the shareholders or members of a corporation shall be deemed to have been made from the most recently accumulated profits or surplus, and shall constitute a part of the annual income of the distributee for the year in which received.

(D) Net Income of a Partnership Deemed Constructively Received by Partners. - The taxable income declared by a partnership for a taxable year which is subject to tax under Section 27 (A) of this Code, after deducting the corporate income tax imposed therein, shall be deemed to have been actually or constructively received by the partners in the same taxable year and shall be taxed to them in their individual capacity, whether actually distributed or not.

Source: https://www.bir.gov.ph/index.php/tax-code.html#title2