Corporate Income Tax Rate Philippines 2024 Table

Corporate Income Tax Rate Philippines 2024 Table. However, until june 30, 2023, the mcit is temporarily reduced to 1%. The corporate income tax rate is 25% while the minimum corporate income tax (mcit) is 2%.

11534, otherwise known as the “corporate. A lower corporate income tax of 20% is also provided for domestic corporations with net taxable income not exceeding php5 million and with.