Business tax on manufacturers, assemblers, replaces, processors, brewers, distillers, rectifiers and compound of liquors, distilled spirits and wines or manufacturer of any article of commerce: graduated, ranging from P165 to P24, 375 fro gross sales up to but not less than P6, 500,000.00 in the preceding calendar year. For gross sales above P6, 500,000.00 the tax becomes flat rate of 371/2 of gross sales.
Business tax on wholesalers, distributors or dealers: graduated, ranging from P18 to P10, 000.00 for gross sales of less than P2M in the preceding calendar year. For gross sales of P2M or more, tax becomes flat rate of 50% of 1% of gross sales.
Business tax on retailers: for gross receipts of up to P400, 000.00 in the preceding calendar year, 2% of gross receipts; for gross receipts above P40,000.00 1% of gross receipts.
Business tax on exporters and on manufacturers, wholesalers and retailers of essential commodities; one-half of the rates of the foregoing business taxes.
Business tax on contractors: graduated, ranging from P27.50 to P11, 500 for gross receipts of less than
P2, 000,000.00 in the preceding year. For gross receipts of P2, 000,000.00 or more, the tax becomes flat rate of 50% of 1% gross receipts.
Business tax on banks and other financial institutions: flat rate not exceeding 50% of 1% of gross receipts in the preceding year.
Business tax peddlers: P50 annually per peddler.
Business tax on other business not specifies under the code but subject to excise percentage, or value added tax under the National International Revenue Code, municipalities may impose a tax not exceeding 2% of gross sales or receipts on the preceding year.