Taxpayers which are considered high-income earners receiving salaries between P2 million and P8 million annually will pay a fixed amount of P490,000 plus 32% of the excess over P2 million. Those with annual salaries between P800,000 and P2 million will be charged a fixed amount of P130,000 plus 30% on the excess over P800,000.
But those who are earning between P400,000 and P800,000 will now pay the fixed amount of P30,000 plus 25% of the excess over P400,000. Observe the taxpayers who are earning an annual salary of P250,000 and below. Those taxpayers who are earning with an annual income between P400,000 and P800,000 will pay a fixed amount of P30,000 plus 25% of the excess over P800,000. New BIR Income Tax Rates and Tax Table for 2018 – 2022 P2.41 million + 35% of excess over P8 million
Income Tax Tables to be implemented and summarized for the years 2018 – 2022 under the approved Tax Reform Bill of the Duterte Administration Personal Income Tax Rates for 2018 – 2022 ANNUAL INCOME There are two sets for the new BIR Income Tax Rates and Tax Table for 2018:ġ. What is it? It grants every Filipino who has salaries an increase in take-home pay by reducing income tax rates and rationalizing tax rates in other goods and services.īelow is the streamlined tax tables to direct the taxpayers in a straightforward manner to be followed by the Bureau of Internet Revenue (BIR).
0 kommentar(er)
