8% Tax Option for Self-Employed Individuals

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REVENUE MEMORANDUM ORDER NO. 23-2018: 8% Tax Option for Self-Employed Individuals

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Title Supreme Court: 8% Tax Option for Self-Employed Individuals

Law: Revenue Memorandum Order No. 23-2018

Decision Date: Jun 20, 2018

This memorandum outlines the policies and procedures for individuals earning from self-employment or professional practice to opt for an 8% income tax rate on gross sales or receipts, provided their income does not exceed the VAT threshold of 3 million pesos, while detailing eligibility criteria and filing requirements.

income tax

self

employment

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