Corporate Tax Rate 2024 Philippines. 20% for domestic corporations with net taxable income not exceeding php5 million. Corporate taxpayers must file their income tax returns using one of three different forms, depending on their tax regime (i.e.

The corporate income tax rate is 25% while the minimum corporate income tax (mcit) is 2%. Harris’s presidential campaign said on monday that she planned to stick by a proposal put forward by president joe biden in recent years to bring the corporate tax.