BIR Alert No. 23-03

Clarification on the Illustrative Examples in the Computation of Corporate Income Tax Under Section 3(B) and 3(D) of Revenue Regulations No. 5-2021 (RMC No. 76-2021 dated June 11, 2021)


The Circular was issued to clarify the following:

  1. In the illustration under Section 3(B) and 3(D) of Revenue Regulations No. 5-2021 for proprietary educational institutions and Regional Operating Headquarters (ROHQ), the income tax due and the gross income were inadvertently written in the amount of Php1,000,000.00 and Php558,500,000.00 instead of the correct amounts of Php100,000.00 and Php58,500,000.00

  2. The 1% income tax rate for proprietary educational institution and the 1% Minimum Corporate Income Tax (MCIT) for ROHQ shall be imposed for the period starting July 1, 2020 until June 30, 2023 and January 1, 2022 to June 30, 2023 respectively. Thus, beginning July 1, 2023, the income tax rate for proprietary educational institutions and the MCIT shall revert to ten percent and 2%, respectively.


You can access the full text here.


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