Published on 1/15/19 6:03 PM
Pay your Professional Tax on or before January 31
What is a Professional Tax?
- It is a tax paid YEARLY by professionals in the Philippines on or before January 31.
What government code explains the Professional Tax?
- Professional Tax is stated in the Local Government Code of the Philippines
- Book II: Local Taxation and Fiscal Matters
- Title One: Local Government Taxation
- Chapter 2: Specific Provisions on the Taxing and other Revenue-Raising Powers of Local Government Units
- Article One: Provinces
- Section 139: Professional Tax
- The code states that the person is required to pay the tax to the specific province where he/she practices his/her profession
- If ever the professional practices in different province, he/she is required to pay the specific province where his/her principal office is located.
Who are exempted from paying Professional Tax?
- Professionals who are exclusively employed in the government is exempted from paying Professional Tax
How much is the Professional Tax?
- As stated in the Local Government Code, Professional Tax should not exceed P300
- For the Physicians (Doctors) from Manila = P300 per year
- Professional will incur a penalty of P75 + 2% (P 82.50) if payment is done on the month February
- For the month of March to December, the penalty is x2%
What are the requirements for New Application/ Renewal of PTR?
For New Application
|
- Professional Regulation Commission (PRC) I.D.
- Photocopy of PRC I.D.
- If a representative will process the requirements on
behalf of the applicant
§ Authorization letter
§ Identification Card of
the authorized representative
|
For Renewal of Professional Tax
|
- Original copy of the previous Professional Tax Receipt (PTR)
- Photocopy of Previous Professional Tax Receipt (PTR)
- PRC I.D.
- If a representative will process the requirements on
behalf of the applicant
· Authorization letter
· Identification Card of the authorized representative
|
Does the Professional Tax
Receipt Number change?
- Yes!
- Unlike our PRC number (which is
constant), PTR number changes every year
Importance of PTR in the Practice of Medicine of Physicians
- The government requires the physician to include his/her PTR number in the prescription pad in order for the senior citizen to avail the 20% discount
Reminder:
- To avoid penalties, pay your Professional Tax on or before January 31
Professional Tax (PTR) Renewal at Manila City Hall (10 minutes only) Click the link PTR Renewal at Manila City Hall |
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Genesis A. Mercado M.D.
is a biologist and a licensed medical doctor
trained in Internal Medicine
