Domestic Corporation

GR: Tax rate in general 30% net income – w/in and w/out
EXC:
Elected to be taxed
based on gross 15% gross income
income. [Sec 27 (A)]
Proprietary 10% net income (if
Educational Institution passed the
and/or Nonprofit predominance test)
Hospitals

GOCC

30%; except if exercise

in proprietary function,
In general then exempt

GSIS, SSS, PHIC, LWDs,

PAGIBIG exempt
Resident Foreign Corporation Nonresident Foreign Corporation
30% net income – w/in 30% gross income – w/in

15% Gross Income Option not available