Corporate taxation

The corporate tax rate in Philippines is 25%.

Transfer pricing

The Philippines’ statutory transfer pricing rule was codified in 1939 and has since remained unchanged.

Previous court decisions have referred to US transfer pricing regulations when applying the Philippine transfer pricing rules.

The Philippine Bureau of Internal Revenue also relies heavily on the OECD Transfer Pricing Guidelines.

August 20, 2019 Revenue Audit Memorandum Order No. 1 2019 was issued by the Bureau of Internal Revenue containing guidance on Audits of controlled transactions in the Philippines.

Effective December 2020, Regulations No. 34-2020 provides guidance and procedures for the submission of transfer pricing documentation and other supporting documents.


Transfer Pricing Case Law

Case NameDescriptionDateCountryKeywords