Corporate Tax Rate 2024 Philippines 20%. The corporate tax rate in philippines stands at 25 percent. The 20% corporate income tax shall apply to corporations with net taxable income not exceeding p5,000,000 and with total assets not exceeding p100,000,000.

20% for domestic corporations with net taxable income not exceeding php5 million. One of the significant reforms under the create act is the lowering of the corporate income tax rate from 30%, previously the highest in asean region, to 20% for.