Corporate Income Tax Rate 2025 Philippines . Corporate Tax Rate Philippines 2024 Gert Nikaniki The new law also grants a 100-percent additional deduction on power expenses to cut the costs for the manufacturing sector. Instead of itemised deductions, a foreign and domestic corporation may choose to compute taxable income for the taxable quarter/year using the optional standard.
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In computing taxable income, standard business expenses can be deducted The standard corporate income tax rate has been reduced to enhance the competitiveness of Philippine businesses
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