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Guide

Guide to Philippine Taxation

Understand the Philippine tax system: income tax, business taxes, mandatory contributions, and filing deadlines.

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Income Tax (TRAIN Law 2023+)

Republic Act No. 10963 — revised personal income tax brackets effective 2023 onwards.

1
₱0 – ₱250,0000% (Exempt)
2
₱250,001 – ₱400,000PHP 0 + 15% of excess over ₱250,000
3
₱400,001 – ₱800,000PHP 22,500 + 20% of excess
4
₱800,001 – ₱2,000,000PHP 102,500 + 25% of excess
5
₱2,000,001 – ₱8,000,000PHP 402,500 + 30% of excess
6
Over ₱8,000,000PHP 2,202,500 + 35% of excess