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    Tax Table

    Uploaded by

    Renz Villarama
    The document outlines the Philippine income tax rates from 2018 to 2022 for individuals. It provides tax rates for income exceeding various thresholds on an annual, monthly, semi-monthly, weekly and daily basis. For example, the annual tax rate is 0% for income not over PHP250,000, 20% of the excess over PHP250,000 for income over PHP250,000 but not over PHP400,000, and so on in increasing brackets up to a maximum of 35% for income over PHP8,000,000. Withholding tax tables are also provided for daily, weekly, semi-monthly and monthly paid employees.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Tax Table

    Uploaded by

    Renz Villarama
    31 views9 pages
    The document outlines the Philippine income tax rates from 2018 to 2022 for individuals. It provides tax rates for income exceeding various thresholds on an annual, monthly, semi-monthly, weekly and daily basis. For example, the annual tax rate is 0% for income not over PHP250,000, 20% of the excess over PHP250,000 for income over PHP250,000 but not over PHP400,000, and so on in increasing brackets up to a maximum of 35% for income over PHP8,000,000. Withholding tax tables are also provided for daily, weekly, semi-monthly and monthly paid employees.

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    Tax-table.docx

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    The document outlines the Philippine income tax rates from 2018 to 2022 for individuals. It provides tax rates for income exceeding various thresholds on an annual, monthly, semi-monthly, weekly and daily basis. For example, the annual tax rate is 0% for income not over PHP250,000, 20% of the excess over PHP250,000 for income over PHP250,000 but not over PHP400,000, and so on in increasing brackets up to a maximum of 35% for income over PHP8,000,000. Withholding tax tables are also provided for daily, weekly, semi-monthly and monthly paid employees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    31 views9 pages

    Tax Table

    Uploaded by

    Renz Villarama
    The document outlines the Philippine income tax rates from 2018 to 2022 for individuals. It provides tax rates for income exceeding various thresholds on an annual, monthly, semi-monthly, weekly and daily basis. For example, the annual tax rate is 0% for income not over PHP250,000, 20% of the excess over PHP250,000 for income over PHP250,000 but not over PHP400,000, and so on in increasing brackets up to a maximum of 35% for income over PHP8,000,000. Withholding tax tables are also provided for daily, weekly, semi-monthly and monthly paid employees.

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    Tax table

    EFFECTIVE DATE JANUARY 1, 2018 to DECEMBER 31, 2022

    Not over P250,000 0%

    Over P250,000 but not over P400,000 20% of the excess over P250,000

    Over P400,000 but not over P800,000 P30,000 + 25% of the excess over P400,000

    Over P800,000 but not over P2,000,000 P130,000 + 30% of the excess over P800,000

    Over P2,000,000 but not over P8,000,000 P490,000 + 32% of the excess over P2,000,000

    Over P8,000,000 P2,410,000 + 35% of the excess over P8,000,000

    REVISED WITHHOLDING TAX TABLE


    Effective January 1, 2018 to December 31, 2022
    DAILY 1 2 3 4 5 6
    Compensation P685 and
    P685 -P1,095 P1,096 - P2,191 P2,192 - P5,478 P5,479 - P21,917 P21,918 and above
    Range below
    Prescribed 0.00 +20% P82.19 +25% P356.16 +30% P1,342.47 +32% P6,602.74 +35%
    0.00
    Withholding Tax over P685 over P1,096 over P2,192 over P5,479 over P21,918
    WEEKLY 1 2 3 4 5 6
    Compensation P4,808 and P4,808 - P38,462 -
    P7,692 - P15,384 P15,385 - P38,461 P153,846 and above
    Range below P7,691 P153,845
    Prescribed 0.00 +20% P576.92 +25% P2,500.00 +30% P9,423.08 +32% P46,346.15 +35%
    0.00
    Withholding Tax over P4,808 over p7,692 over p15,385 over P38,462 over P153,846
    SEMI-MONTHLY 1 2 3 4 5 6
    Compensation P10,417 P10,417 - P16,667 - P83,333 -
    P33,333 - P83,332 P333,333 and above
    Range and below P16,666 P33,332 P333,332

    Prescribed 0.00 +20% P1,250.00 +25% P5,416.67 +30% P20,416.67 +32% P100,416.67 +35%
    0.00
    Withholding Tax over P10,417 over P16,667 over P33,333 over P83,333 over P333,333

    MONTHLY 1 2 3 4 5 6
    Compensation P20,833 P20,833 - P33,333 - P66,667 - P166,667 -
    P666,667 and above
    Range and below P33,332 P66,666 P166,666 P666,666

    Prescribed 0.00 +20% P2,500.00 +25% P10,833.33 +30% P40,833.33 +32% P200,833.33 +35%
    0.00
    Withholding Tax over P20,833 over 33,333 over P66,667 over P166,667 over P666,667
    https://www.bir.gov.ph/index.php/tax-information/withholding-tax.html

    https://philpad.com/new-sss-contribution-table/

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