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

Revenue Memorandum Circular No. 046 – 2026

Revenue Memorandum Circular No. 042-2026

Revenue Memorandum Circular No. 038 – 2026

Revenue Memorandum Circular No. 037-2026

Revenue Memorandum Circular No. 036-2026

Revenue Memorandum Circular No. 035-2026

Revenue Regulations No. 003-2026

Seminar Schedules

May 21 - May 22, 2026

Live Webinar: BIR Examination: Their Procedures and Our Defenses

May 26 - May 27, 2026

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

Jun 05, 2026

Live Webinar: How to register business entities in the Philippines?

Jun 10 - Jun 11, 2026

Live Webinar: Value Added Tax: In and Out

Jun 17 - Jun 18, 2026

Live Webinar 1 & 2: BIR Tax Compliance for VAT Entity

Jun 24 - Jun 25, 2026

Live Webinar: PEZA Registered Entities: Taxation and Basic Reports

Jun 26, 2026

Live Webinar: Input VAT Refund

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