Gross Philippine Billings definition

Gross Philippine Billings means gross revenue whether for passenger, cargo or mail originating from the Philippines up to final destination, regardless of the place of sale or payments of the passage or freight documents.
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Gross Philippine Billings means gross revenue realized from uplifts of passengers anywhere in the world and excess baggage, cargo and mail originating from the Philippines, covered by passage documents sold in the Philippines: Provided, That documents sold outside the Philippines under a "prepaid ticket advice" scheme for passengers originating from the Philippines shall be considered as documents sold in the Philippines. Gross revenue from chartered flights originating in the Philippines shall likewise form part of the "Gross Philippine Billings" regardless of the place of sale or payment of the passage documents. For purposes of determining the taxability of revenue from chartered flights, the term "originating from the Philippines" shall include flights of passengers who stay in the Philippines for more than forty eight (48) hours prior to embarkation." (Emphasis and underscoring supplied)
Sample 1

Examples of Gross Philippine Billings in a sentence

  • As such, it is taxable on income derived from sources within the Philippines and not on Gross Philippine Billings, subject to any applicable tax treaty.

  • While the majority of business aircraft missions are conducted on demand, i.e. on a non- scheduled basis, some companies have scheduled operations, known as corporate shuttles, which essentially are private in-house airlines.

  • These pools are not deemed to be separate legal entities, nor can notional units of account in a pool be considered as Shares.

  • Assuming arguendo that petitioner is not liable for the income tax on Gross Philippine Billings under Section 28 (A)(3)(a) of the Tax Code, as amended, whether or not petitioner, as a non-resident foreign corporation, is liable for a higher income tax rate of 32% under Section 28 (B)(1) of the same Code.

  • Further, the last sentence of Section 3 of Revenue Regulations 15-2003 provides that ''this provision is without prejudice to classifying such taxpayer under a different category pursuant to a separate provision of the same Code; Assuming arguendo that petitioner is not liable for the Gross Philippine Billings Tax as provided for in Section 28 (A)(3)(a) of the Code, the revenues derived by the petitioner, a non-resident foreign corporation organized and existing under the laws of New Zealand (par.

  • Adequate schedules, records and documents, such as but not limited to those specified in the Regulations, shall be kept and maintained at all times in the local principal office or place of business of the international airline and shall be made available to the assigned internal revenue officers for verification of the gross revenues reported for Gross Philippine Billings Tax purposes.

  • The new law also exempts foreign airlines from the Gross Philippine Billings Tax (GPBT) of 2.5% on gross passenger revenues on the basis of reciprocity with other countries.

  • The taxpayer also argued that it had difficulty in interpreting the correct Gross Philippine Billings (GPB) computation for income tax under the then newly-issued BIR Revenue Regulations No. 11-2001.

  • Whether or not petitioner is subject to tax on its Gross Philippine Billings; 2.

  • He also opined that the department ignored or even belittled the DC.

Related to Gross Philippine Billings

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