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

9 Important Items on Ph Lease Contract Every Tenant Should Pay Attention

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

Seminar Schedules

Oct 07 - Oct 08, 2026

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

Oct 08, 2026

Live Webinar: Basic Accounting for Non-Accountant

Oct 13 - Oct 14, 2026

Live Webinar: PEZA Registered Entities: Taxation and Basic Reports

Oct 20 - Oct 21, 2026

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

Oct 21, 2026

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

Oct 22 - Oct 23, 2026

Live Webinar: How to analyze Financial Statements (Practical Guide for Managers and Entrepreneurs to make a better decisions)

Oct 23, 2026

Live Webinar: Acting as CTA ICPA (VAT Refund)

Dec 04, 2026

Back-to-Back Business Essentials Year-end Updates and Reminders 2026

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.