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Revised Withholding Tax Table 2023

The document contains revised withholding tax tables for the Philippines effective from January 1, 2018 to December 31, 2022. It provides prescribed withholding tax rates on a daily, weekly, semi-monthly and monthly basis according to set compensation ranges. An annual tax table is also included, with progressive tax rates of 0% up to 250,000 PHP, then 20%, 25%, 30%, 32% and 35% for amounts over certain thresholds.

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Joneric Ramos
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407 views2 pages

Revised Withholding Tax Table 2023

The document contains revised withholding tax tables for the Philippines effective from January 1, 2018 to December 31, 2022. It provides prescribed withholding tax rates on a daily, weekly, semi-monthly and monthly basis according to set compensation ranges. An annual tax table is also included, with progressive tax rates of 0% up to 250,000 PHP, then 20%, 25%, 30%, 32% and 35% for amounts over certain thresholds.

Uploaded by

Joneric Ramos
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

REVISED WITHHOLDING TAX TABLE

Effective January 1, 2018 to December 31, 2022

DAILY 1 2 3 4 5 6

Compensation Range P685 & below 685 1,096 2,192 5,479 21,918
0.00 82.19 356.16 1,342.47 6,602.74
Prescribed W/holding Tax 0.00 20% 25% P356.16 +30% over P2,192 32% 35%
over P685 over P1,096 over P5,479 over P21,918
WEEKLY 1 2 3 4 5 6

Compensation Range P4,808 & below 4,808 7,692 15,385 P38,462 - P153,845 P153,846 and above
0.00 576.92 2,500 9,423.08 46,346.15
Prescribed W/holding Tax 0.00 20% 25% 30% 32% 35%
over P4,808 over P7,692 over P15,385 over P38,462 over P153,846
SEMI-MONTHLY 1 2 3 4 5 6

Compensation Range P10,417 & below 10,417 16,667 33,333 83,333 333,333
0.00 1,250 5,417.67 20,416.67 100,416.67
Prescribed W/holding Tax 0.00 20% 25% 30% 32% 35%
over P10,417 over P16,667 over P33,333 over P83,333 over P333,333

MONTHLY 1 2 3 4 5 6

Compensation Range P20,833 & below 20,833 33,333 66,667 166,667 666,667
0.00 2,500 10,833 40,833 200,833.33
Prescribed W/holding Tax 20% 0 30& 0 0.35
0.00 over P20,833 over 33,333 over P66,667 over P166,667 over P666,667

ANNUAL TAX TABLE

EFFECTIVE DATE JANUARY 1, 2018 to DECEMBER 31, 2022

Not over P250,000 0%


Over P250,000 but not over P400,000 20% of the excess over P250,000
Over P400,000 but not over P800,000 P30,000 + 25% of the excess over P400,000
Over P800,000 but not over P2,000,000 P130,000 + 30% of the excess over P800,000
Over P2,000,000 but not over P8,000,000 P490,000 + 32% of the excess over P2,000,000

Over P8,000,000 P2,410,000 + 35% of the excess over P8,000,000

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