Old BIR Income tax Rates (Used until 2017)

BRACKET INCOME PER YEAR TAX RATE

1 P10,000 and below 5%

2 Above P10,000 to P30,000 P500 + 10% of the excess over P10,000

3 Above P30,000 to P70,000 P2,500 + 15% of the excess over P30,000

4 Above P70,000 to P140,000 P8,500 + 20% of the excess over P70,000

5 Above P140,000 to P250,000 P22,500 + 25% of the excess over P140,000

6 Above P250,000 to P500,000 P50,000 + 30% of the excess over P250,000

7 Above P500,000 P125,000 + 32% of the excess over P500,000

Source: www.pinoymoneytalk.com
New BIR Income Tax Rates, from TRAIN Tax Reform (2018-2022)

BRACKET TAXABLE INCOME PER YEAR INCOME TAX RATE

1 P250,000 and below 0%

2 Above P250,000 to P400,000 20% of the excess over P250,000

3 Above P400,000 to P800,000 P30,000 + 25% of the excess over P400,000

4 Above P800,000 to P2,000,000 P130,000 + 30% of the excess over P800,000

5 Above P2,000,000 to P8,000,000 P490,000 + 32% of the excess over P2,000,000

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

Source: www.pinoymoneytalk.com
New BIR Income Tax Rates, from TRAIN Tax Reform (2023-onwards)

BRACKET TAXABLE INCOME PER YEAR TAX RATE

1 P250,000 and below 0%

2 Above P250,000 to P400,000 15% of the excess over P250,000

3 Above P400,000 to P800,000 P22,500 + 20% of the excess over P400,000

4 Above P800,000 to P2,000,000 P102,500 + 25% of the excess over P800,000

5 Above P2,000,000 to P8,000,000 P402,500 + 30% of the excess over P2,000,000

6 Above P8,000,000 P2,202,500 + 35% of the excess over P5,000,000