Income Tax Bracket Philippines 2024

Income Tax Bracket Philippines 2024. Using this bir income tax calculator in the philippines is quite simple and easy. The philippines has narrowed its economic growth target for 2024 to a range of 6.0% to 6.5%, down from a top end of 7% previously, and revised its outlook through 2028.

For 2024, the income tax rates in the philippines remain largely consistent with the previous year, with minor adjustments to cater to inflation and economic shifts. The philippines implements a progressive personal income tax rate of up to 35 percent.