Source-cited draft: tax overview for Philippines (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
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Every figure is drawn from this Tax Guide and cited to its source.
Standard tax year
Calendar year ending 31 December; corporations may elect a fiscal yearNational Internal Revenue Code (NIRC) of 1997, as amended
Currency
Philippine peso (PHP)National Internal Revenue Code (NIRC) of 1997, as amended
National tax authority
Bureau of Internal Revenue (BIR)National Internal Revenue Code (NIRC) of 1997, as amended (https://www.bir.gov.ph/)View source ↗
Individual residence basis
Resident citizens are taxed on worldwide income; resident aliens and non-resident citizens are taxed only on Philippine-source incomeNational Internal Revenue Code (NIRC), Section 23View source ↗
Corporate residence basis
Domestic corporations are taxed on worldwide income; resident and non-resident foreign corporations are taxed only on Philippine-source incomeNational Internal Revenue Code (NIRC), Section 23View source ↗
Top personal income tax rate
35National Internal Revenue Code (NIRC), Section 24(A), as amended by TRAIN Law (RA 10963)
Regular corporate income tax rate
25National Internal Revenue Code (NIRC), Section 27, as amended by CREATE Act (RA 11534)
Value-added tax
12National Internal Revenue Code (NIRC), Section 106 and Section 108
Annual individual income tax return deadline
On or before 15 April of the year following the taxable yearNational Internal Revenue Code (NIRC), Section 51(C); BIR Form 1700/1701View source ↗
Annual corporate income tax return deadline
On or before the 15th day of the 4th month following the close of the taxable year (15 April for calendar-year filers)National Internal Revenue Code (NIRC), Section 52(C); BIR Form 1702-RT
Rendered from the canonical facts model · method attested Jul 13, 2026 (covers the method, not the currency of individual figures). General reference only — confirm with a qualified professional before acting.
The Philippines taxes individuals and corporations under the National Internal Revenue Code (NIRC), administered by the Bureau of Internal Revenue (BIR). The system was reshaped by the TRAIN Law (RA 10963), the CREATE Act (RA 11534) and CREATE MORE (RA 12066).
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Review status
Accountant-reviewed
Reviewed by a named licensed practitioner against the stated sources, as general reference material.
Accountant-reviewed
Reviewed by Jonathan I. Ruiz CPA · 13 July 2026
A named accountant reviewed this complete Guide version within the stated scope. It is not a guarantee.
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