INDIVIDUALS

RESIDENT NON- RESIDENT RESIDENT ALIEN NRA ENGAGED IN NRA NOT ENGAGED ESTATES AND
CITIZEN CITIZEN TRADE OR IN TRADE OR TRUSTS
BUSINESS BUSINESS
y- if business y- if business y- if business y- if business
income income is w/in income is w/in income is w/in
phil. phil. phil.
ORDINARY x- if purely x- if business x- if purely -Not applicable, tax -Applicable
DEDUCTIONS compensation income is compensation x- if purely base is gross
(SEC. 34 A-J)* income w/out phil. income compensation revenueincome.
x- if purely income
compensation
income
OPTIONAL -40% of gross -40% of gross -40% of gross -40% of gross
STANDARD sales/receipts sales/receipts if sales/receipts if -Not applicable -Not applicable sales/receipts
DEDUCTIONS business is w/in business is w/in if business is
(OSD) phil. phil. w/in phil.
-Family Gross -Family Gross -Family Gross
SEC. 34(M)** Income less than Income less than Income less than
P250K P250K if business P250K if business
is w/in the phil. is w/in the phil.

PERSONAL APPLICABLE -IF there is reciprocity -P20k only.

EXEMPTIONS**
*

SPECIAL NOT APPLICABLE

DEDUCTIONS

DEDUCTIONS
*Section 34 A-J: Ordinary expenses, Interest, Taxes, Losses, Bad debts, Depreciation, Depletion of Oil and Gas Wells and Mines, Charitable and
Other Contributions, Research and Development, Pension Trusts

**Premium payments on health and/or hospitalization insurance amounting to 2,400 per year or 200 per month per family

***50,000 basic + 25,000 for each dependent not exceeding 4