This page contains the tax table information used for the calculation of tax and payroll deductions in Philippines in 2023. These tax tables are used for the tax and payroll calculators published on iCalculator™ PH, these tools are provided for your free use on our website. If you would like additional tax table information added to the tax calculators for Philippines or would like to add to or suggest amendments to the information herein then please contact us.
The Income tax rates and personal allowances in Philippines are updated annually with new tax tables published for Resident and Non-resident taxpayers. The Tax tables below include the tax rates, thresholds and allowances included in the Philippines Tax Calculator 2023.
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from ₱ 0.000.00 | to | ₱ 250,000.00 |
| 15% | Income from ₱ 250,000.01 | to | ₱ 400,000.00 |
| 20% | Income from ₱ 400,000.01 | to | ₱ 800,000.00 |
| 25% | Income from ₱ 800,000.01 | to | ₱ 2,000,000.00 |
| 30% | Income from ₱ 2,000,000.01 | to | ₱ 8,000,000.00 |
| 35% | Income from ₱ 8,000,000.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 0% | Income from ₱ 0.000.00 | to | ₱ 250,000.00 |
| 15% | Income from ₱ 250,000.01 | to | ₱ 400,000.00 |
| 20% | Income from ₱ 400,000.01 | to | ₱ 800,000.00 |
| 25% | Income from ₱ 800,000.01 | to | ₱ 2,000,000.00 |
| 30% | Income from ₱ 2,000,000.01 | to | ₱ 8,000,000.00 |
| 35% | Income from ₱ 8,000,000.01 | and above | |
In the Philippines, both employees and employers are required to make contributions to the social security system, which is designed to provide a range of benefits and support to the working population and their families.
| Category | Employee | Employer | Total |
|---|---|---|---|
| Social Security System (SSS) | 4.5% | 9.5% | 14% |
| Philippine Health Insurance Corporation (PhilHealth) | 2% | 2% | 4% |
| Home Development Mutual Fund (HDMF) Basic | 1% | 0% | 1% |
| Home Development Mutual Fund (HDMF) Standard | 2% | 2% | 4% |
| Employee Compensation Program (EC) basic | 0% | 100% | 100% |
| Employee Compensation Program (EC) standard | 0% | 100% | 100% |
| Category | Employee | Employer | ||
|---|---|---|---|---|
| Min. | Max. | Min. | Max. | |
| Social Security System (SSS) | n/a | ₱ 30,000.00 | n/a | ₱ 30,000.00 |
| Philippine Health Insurance Corporation (PhilHealth) | n/a | ₱ 80,000.00 | n/a | ₱ 80,000.00 |
| Home Development Mutual Fund (HDMF) Basic | ₱ 12,000.00 | ₱ 18,000.00 | n/a | n/a |
| Home Development Mutual Fund (HDMF) Standard | ₱ 18,000.00 | ₱ 60,000.00 | n/a | ₱ 60,000.00 |
| Employee Compensation Program (EC) basic | n/a | n/a | n/a | ₱ 10.00 |
| Employee Compensation Program (EC) standard | n/a | n/a | ₱ 14,749.00 | ₱ 14,769.00 |
VAT rates for Philippines are reviewed annually, you can use the VAT Calculator to calculate VAT due in Philippines or use the Reverse VAT Calculator to calculate the net cost of goods/services after deducting VAT.
| VAT Rate | VAT Description |
|---|---|
| 0% | Zero Rated |
| 0% | Reduced Rate |
| 12% | Standard Rate |
| 18% | Higher Rate |
The following tax tables are supported by iCalculator™ PH as part of the suite of free tax tools we provide for Philippines.
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