Philippines Personal Income Tax rate for 2017, 2018. Capital gain, Corporate TaxPhilippines Individual (Personal) Income Tax Rate  for 2017-2018. Capital Gain Tax and Corporate / Companies tax Rates for Residents and Non Residents

 

 

Philippines Personal Income Tax Rate for 2017-2018

Individuals earning compensation income and income from business and profession

Taxable Income (P) Tax Rate
0 to 10,000 5%
10,001 to 30,000 10% + 500
30,001 to 70,000 15% + 2,500
70,001 to 140,000 20% + 8,500
140,001 to 250,000 25% + 22,500
250,001 to 500,000 30% + 50,000
Over 500,000 32% + 125,000

 

Capital Gain Tax in Philippines

- 6% is the Capital Gain Tax Rate in Philippines. Seller is responsible to pay Capital Gain Tax

 

Philippines Withholding Tax Rate for 2017-2018

Type of Payment Tax Rate
If the gross annual business or professional income exceeds P720,000 per year 10% or 15%
Fees paid to directors who are not employees 20%
Professional fees paid to non-individuals 20%

 

 

Corporate / Company Income Tax Rate in Philippines for 2017-2018

Taxable Income and Description Tax Rate
Standard income tax rate on corporations 30%

 

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