The document contains revised withholding tax tables for the Philippines effective from January 1, 2018 to December 31, 2022. It provides prescribed withholding tax rates on a daily, weekly, semi-monthly and monthly basis according to set compensation ranges. An annual tax table is also included, with progressive tax rates of 0% up to 250,000 PHP, then 20%, 25%, 30%, 32% and 35% for amounts over certain thresholds.
The document contains revised withholding tax tables for the Philippines effective from January 1, 2018 to December 31, 2022. It provides prescribed withholding tax rates on a daily, weekly, semi-monthly and monthly basis according to set compensation ranges. An annual tax table is also included, with progressive tax rates of 0% up to 250,000 PHP, then 20%, 25%, 30%, 32% and 35% for amounts over certain thresholds.
The document contains revised withholding tax tables for the Philippines effective from January 1, 2018 to December 31, 2022. It provides prescribed withholding tax rates on a daily, weekly, semi-monthly and monthly basis according to set compensation ranges. An annual tax table is also included, with progressive tax rates of 0% up to 250,000 PHP, then 20%, 25%, 30%, 32% and 35% for amounts over certain thresholds.
The document contains revised withholding tax tables for the Philippines effective from January 1, 2018 to December 31, 2022. It provides prescribed withholding tax rates on a daily, weekly, semi-monthly and monthly basis according to set compensation ranges. An annual tax table is also included, with progressive tax rates of 0% up to 250,000 PHP, then 20%, 25%, 30%, 32% and 35% for amounts over certain thresholds.
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REVISED WITHHOLDING TAX TABLE
Effective January 1, 2018 to December 31, 2022
DAILY 1 2 3 4 5 6
Compensation Range P685 & below 685 1,096 2,192 5,479 21,918 0.00 82.19 356.16 1,342.47 6,602.74 Prescribed W/holding Tax 0.00 20% 25% P356.16 +30% over P2,192 32% 35% over P685 over P1,096 over P5,479 over P21,918 WEEKLY 1 2 3 4 5 6
Compensation Range P4,808 & below 4,808 7,692 15,385 P38,462 - P153,845 P153,846 and above 0.00 576.92 2,500 9,423.08 46,346.15 Prescribed W/holding Tax 0.00 20% 25% 30% 32% 35% over P4,808 over P7,692 over P15,385 over P38,462 over P153,846 SEMI-MONTHLY 1 2 3 4 5 6
Compensation Range P10,417 & below 10,417 16,667 33,333 83,333 333,333 0.00 1,250 5,417.67 20,416.67 100,416.67 Prescribed W/holding Tax 0.00 20% 25% 30% 32% 35% over P10,417 over P16,667 over P33,333 over P83,333 over P333,333
MONTHLY 1 2 3 4 5 6
Compensation Range P20,833 & below 20,833 33,333 66,667 166,667 666,667 0.00 2,500 10,833 40,833 200,833.33 Prescribed W/holding Tax 20% 0 30& 0 0.35 0.00 over P20,833 over 33,333 over P66,667 over P166,667 over P666,667
ANNUAL 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
