Philippine Corporate Income Tax Rate 2024. In the philippines, corporations face a 25% income tax rate, with certain entities eligible for exemptions or a reduced rate of 20%. A domestic corporation is subject to tax on its worldwide income.
Effective 1 july 2020, the corporate income tax (cit) rate is reduced from 30% to: After 30 june 2023, the rate shall revert to the preferential corporate income tax rate of 10%.
Philippine Corporate Income Tax Rate 2024 Images References :