Bureau of Internal Revenue
Republic of the Philippines


NIRC
(National Internal Revenue Code)

 

 

 

 
National Internal Revenue Code
  Chapter IV
NIRC Main
TITLE II
TAX ON INCOME

CHAPTER V - COMPUTATION OF TAXABLE INCOME


SEC. 31. Taxable Income Defined. - The term taxable income means the pertinent items of gross income specified in this Code, less the deductions and/or personal and additional exemptions, if any, authorized for such types of income by this Code or other special laws.