This document outlines the revised Philippine withholding tax table effective from January 1, 2018 to December 31, 2022. It provides the prescribed withholding tax amounts and rates for daily, weekly, semi-monthly and monthly compensation ranges. The table includes 6 compensation brackets for each pay period with prescribed withholding tax amounts listed as well as marginal tax rates that apply to incomes above each threshold.
This document outlines the revised Philippine withholding tax table effective from January 1, 2018 to December 31, 2022. It provides the prescribed withholding tax amounts and rates for daily, weekly, semi-monthly and monthly compensation ranges. The table includes 6 compensation brackets for each pay period with prescribed withholding tax amounts listed as well as marginal tax rates that apply to incomes above each threshold.
This document outlines the revised Philippine withholding tax table effective from January 1, 2018 to December 31, 2022. It provides the prescribed withholding tax amounts and rates for daily, weekly, semi-monthly and monthly compensation ranges. The table includes 6 compensation brackets for each pay period with prescribed withholding tax amounts listed as well as marginal tax rates that apply to incomes above each threshold.
This document outlines the revised Philippine withholding tax table effective from January 1, 2018 to December 31, 2022. It provides the prescribed withholding tax amounts and rates for daily, weekly, semi-monthly and monthly compensation ranges. The table includes 6 compensation brackets for each pay period with prescribed withholding tax amounts listed as well as marginal tax rates that apply to incomes above each threshold.
Effective January 1, 2018 to December 31, 2022 DAILY 1 2 3 4 5 6 P 685 and Compensation Range P685 – P1,095 P1,096 – P2,191 P2,192 – P5,478 P5,479 – P21,917 P21,918 and above below Prescribed 0.00 P 82.19 P 356.16 P 1,342.47 P 6,602.74 0.00 Withholding Tax + 20% over P 685 + 25% over P 1,096 + 30% over P2,192 + 32% over P 5,479 + 35% over P21,918 WEEKLY 1 2 3 4 5 6 P 4,808 and Compensation Range below P 4,808 – P 7,691 P 7,692 – P15,384 P 15,385 – P 38,461 P 38,462 – P153,845 P 153,846 and above
Prescribed 0.00 P 576.92 P 2,500.00 P 9,423.08 P 46,346.15
0.00 Withholding Tax + 20% over P 4,808 + 25% over P 7,692 + 30% over P 15,385 + 32% over P 38,462 + 35% over P 153,846 SEMI-MONTHLY 1 2 3 4 5 6 P 10,417 and Compensation Range P 10,417 – P16,666 P 16,667 – P 33,332 P 33,333 – P 83,332 P 83,333 – P333,332 P 333,333 and above below Prescribed 0.00 P 1,250.00 P 5,416.67 P 20,416.67 P 100,416.67 0.00 Withholding Tax + 20% over P 10,417 + 25% over P 16,667 + 30% over P 33,333 + 32% over P 83,333 + 35% over P 333,333 MONTHLY 1 2 3 4 5 6 P 20,833 Compensation Range P 20,833 – P 33,332 P 33,333 – P 66,666 P 66,667 – P 166,666 P 166,667 – P666,666 P 666,667 and above and below Prescribed 0.00 0.0 P 2,500.00 P 10,833.33 P 40,833.33 P 200,833.33 Withholding Tax + 20% over P 20,833 + 25% over P 33,333 + 30% over P 66,667 + 32% over P 166,667 +35% over P 666,667