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(NAR) VOL. 29 NO. 1/ JANUARY - MARCH 18
[ REVENUE MEMORANDUM CIRCULAR NO. 105-2017, January 15, 2018 ]
REVISED WITHHOLDING TAX TABLE ON COMPENSATION PURSUANT TO THE AMENDMENTS TO THE NATIONAL INTERNAL REVENUE CODE OF 1997 AS INTRODUCED BY REPUBLIC ACT NO. 10963, OTHERWISE KNOWN AS THE “TAX REFORM FOR ACCELERATION AND INCLUSION (TRAIN) LAW”
Date Filed: 15 January 2018
With the forthcoming effectivity of Republic Act No. 10963, otherwise known as the “Tax Reform for Acceleration and Inclusion (TRAIN) Law” on January 1, 2018, it is imperative that a smooth transition as to withholding tax rates is ensured. Thus, for the information and guidance of all concerned, beginning January 1, 2018, every employer making compensation payments to their respective employees shall conduct and withhold from such compensation a tax determined in accordance with the Revised Withholding Tax Table attached herein as ANNEX “A”.
All internal revenue officials, employees and other concerned are hereby enjoined to give this Circular as wide a publicity as possible.
Commissioner of Internal Revenue
Annex “A”
Revised Withholding Tax Table Effective January 1, 2018 to December 31, 2022 | ||||||
DA I LY | 1 | 2 | 3 | 4 | 5 | 6 |
Compensation Leve l (CL) | 68 5 and bel ow | 685 | 1 , 096 | 2 , 192 | 5 , 479 | 21 , 918 |
Prescribed Minimum Withholding Tax |
0 . 00 | 0 . 00 + 20 % over CL | 82 . 19 + | 356 . 16 + | 1 , 342. 47 | 6 , 602. 74 + |
WEEKLY | 1 | 2 | 3 | 4 | 5 | 6 |
Compensation Leve l (CL) | 4 , 808 and bel ow | 4 , 808 | 7 , 692 | 15 , 385 | 38 , 462 | 153 , 846 |
Prescribed Minimum Withholding Tax | 0 . 00 | 0 . 00 + | 576 . 92 + | 2 , 500. 00 | 9 , 423. 08 | 46 , 346. 15 + |
SEMI- MONTHLY | 1 | 2 | 3 | 4 | 5 | 6 |
Compensation Leve l (CL) | 10 , 417 and bel ow | 10 , 417 | 16 , 667 | 33 , 333 | 83 , 333 | 333 , 333 |
Prescribed Minimum Withholding Tax | 0 . 00 | 0 . 00 + | 1 , 250. 00 | 5 , 416. 67 | 20 , 416. 67 | 100 , 416. 67 |
MONTHLY | 1 | 2 | 3 | 4 | 5 | 6 |
Compensation Leve l (CL) | 20 , 833 | 20 , 833 | 33 , 333 | 66 , 667 | 166 , 667 | 666 , 667 |
Prescribed Minimum Withholding Tax | 0 . 00 | 0 .0 + 20% | 2 , 500. 00 + 25% | 10 , 833. 33 | 40 , 833. 33 | 200 , 833. 33 |