How much is EWT?

If the gross income of these entertainment professionals for the current year does not exceed PHP 720,000.00, they are taxed at a rate of 10%. This rate applies to their earnings from their respective fields, acknowledging the significant contribution they make to the country's entertainment industry.

However, should their gross income surpass PHP 720,000.00 in the same year, the tax rate increases to 20%. This escalation serves as a progressive taxation measure, ensuring that those earning higher incomes contribute more to the nation's tax base.

Another category of professionals who fall under this taxation framework is management and technical consultants. Regardless of their income level, these professionals are taxed at a flat rate of 10% for their services, reflecting the value their expertise brings to various industries.

Similarly, bookkeeping agents and agencies are also taxed at a rate of 10% for their services. Their role in maintaining financial records and ensuring compliance with accounting standards is crucial for businesses and organizations, and this taxation rate acknowledges their contribution to the economy.

The taxation of income from various professions and services in the Philippines is subject to specific rates based on the nature of the income. For entertainment-related professionals such as movie, stage, radio, television, and musical directors, a graduated tax rate is applied.