How to Determine Your Income Tax Rate in the Philippines
How to work out which Philippine income tax rate applies to you: check the taxable year, your taxpayer class, the type of income and any 8% election, with a worked example and decision table.
How to work out which Philippine income tax rate applies to you: check the taxable year, your taxpayer class, the type of income and any 8% election, with a worked example and decision table.
Every current income tax rate for Philippine individuals with its legal basis: the 2023-onward graduated table, the 2018–2022 schedule, marginal vs effective rates, the 8% option, CMEPA final taxes and nonresident alien rates.
A four-test method for sorting each item of income for BIR purposes, the six labels the Tax Code uses, and the forms that record each classification.
The income left out before Philippine tax is computed: Section 32(B) exclusions, their conditions, the CMEPA changes and a worked example.
A step-by-step method for getting from gross income to taxable income under the NIRC and TRAIN Law, with a worked example for an employee who also freelances.
Gross income is everything you earn; taxable income is what remains after exclusions and allowed deductions. How the NIRC separates the two, with worked examples.