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. 91-2026

Revenue Memorandum Circular No. 90-2026

Revenue Memorandum Circular No. 81-2026

Revenue Memorandum Circular No. 79-2026

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

Seminar Schedules

Sep 10, 2026

Live Webinar: Basic Accounting for Non-Accountant

Sep 11, 2026

Live Webinar: Acting as CTA ICPA (BIR LOA’s)

Sep 16 - Sep 17, 2026

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

Sep 22 - Sep 23, 2026

Live Webinar on Ph Payroll Computations and Taxation

Sep 24 - Sep 25, 2026

Live Webinar: PEZA Registered Entities: Taxation and Basic Reports

Sep 24 - Sep 25, 2026

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

Sep 29 - Sep 30, 2026

Live Webinar: Value Added Tax: In and Out

Oct 07 - Oct 08, 2026

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

Oct 08 - Oct 09, 2026

Live Webinar: Basic Income Taxation and ITR Preparation for Corporation Seminar

Oct 21, 2026

Live Webinar: Understanding Invoices and Invoicing under EOPT with CPD Credits

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