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 |
- 6% is the Capital Gain Tax Rate in Philippines. Seller is responsible to pay Capital Gain Tax
| 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% |
| Taxable Income and Description | Tax Rate |
| Standard income tax rate on corporations | 30% |