RA 8424: Title II, Chapter V – Computation of Taxable Income

Title II – Income Taxation, CHAPTER V – Computation of Taxable Income

SEC. 31. Taxable Income Defined. – The term ‘taxable income‘ means the pertinent items of gross income specified in this Code, less deductions, if any, authorized for such types of income by this Code or other special laws. (As amended by RA No. 10963 (December 19, 2017)).

(Manual encoding credits: Jacky Margaret Adriano)

Updates

Availment of a One-Time Abatement of Taxes and/or Penalties for Micro Taxpayers

Revenue Memorandum Circular No. 71-2026

Revenue Regulations No. 004-2026

Revenue Memorandum Circular No. 064-2026

Revenue Memorandum Circular No. 062- 2026

Revenue Memorandum Circular No. 060-2026

Revenue Memorandum Circular No. 059- 2026

Seminar Schedules

Jul 30 - Jul 31, 2026

Live Webinar: Winning BIR Tax Assessments Series: Process, Remedies & Writing Effective Protest

Aug 06, 2026

Live Webinar: Basic Accounting for Non-Accountant

Aug 06 - Aug 07, 2026

Tax and Accounting Webinar Philippines 2026_Withholding Tax (Expanded and Final)

Aug 11, 2026

Live Webinar: SEC Corporate Process: Amendments, Capitalizations, Dividends etc.

Aug 12 - Aug 13, 2026

Live Webinar: Value Added Tax: In and Out

Aug 12 - Aug 13, 2026

Live Webinar: How to analyze Financial Statements Accounting for Correct Business Decision Making?

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