Tax Calculator
Your estimate
Sales are above PHP 3,000,000, so percentage tax does not apply. You are required to register as a VAT taxpayer: select VAT Registered.
Enter your figures and choose a registration type to see your estimated tax.
Paid late?
Estimate the surcharge and interest on a late tax payment. Micro and small taxpayers pay reduced penalties under the EOPT Act.
Your penalty estimate
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Surcharge is 10% for micro and small taxpayers and 25% for others. Interest is 6% or 12% a year, counted from the due date. Compromise penalties are not included.
How this estimate works. Three options are compared and the lowest total is shown. Itemized: graduated income tax on sales less expenses. OSD: graduated income tax on sales less a 40% deduction. 8% flat: 8% of sales above PHP 250,000, only for non-VAT taxpayers with sales up to PHP 3M. VAT-registered: output VAT of 12% of sales less input VAT of 12% of expenses is added. Non-VAT: a 3% percentage tax on sales is added (none under the 8% option, and none when sales exceed PHP 3M, where VAT registration is required).
Disclaimer. The information provided by this Tax Calculator is for general informational purposes only. It is not intended to serve as financial or tax advice. While every effort is made to ensure that the results are accurate, we make no warranties regarding the completeness, reliability, or suitability of the information. Users are encouraged to consult with a qualified tax professional or financial advisor before making any decisions based on the results. If you require assistance or have any questions, please contact us.