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Bureau of Internal Revenue revokes 15% tax rate for certain Filipino personnel
Filipino personnel from multinational companies, who previously qualified as managerial and/or technical positions, will now be entitled to the option of being taxed at either 15% of gross income or at the regular income tax rate on their taxable income.
Inconsistencies in the term "Managerial and Technical Positions" in Section (25) of the Tax Code of 1997 has resulted in these amendments.
Your Taxand contact for further queries is:
Salvador & Associates
T. +63 2 8112500
Below the latest memo from the Bureau of Internal Revenue (BIR) re-clarifies the definition of "Managerial and Technical Positions":