DEDUCTIONS

CORPORATIONS

TAXABLE PARTNERSHIPS

DOMESTIC CORPORATIONS

RESIDENT FOREIGN CORPORATIONS

NON-RESIDENT FOREIGN CORPORATIONS

ORDINARY

DEDUCTIONS (SEC. 34 A-J)

APPLICABLE

APPLICABLE

y- Regional Operating HQ, tax base is Taxable Income.

x- Regional or Area HQ, tax base is Gross Income.

-Not Applicable, tax base is Gross Income.

OPTIONAL STANDARD

DEDUCTIONS (OSD)

-40% of gross income.

-40% of gross income.

y- Regional Operating HQ, 40% of Gross Income

x-Regional or Area HQ

-Not applicable

SEC. 34(M) NOT APPLICABLE PERSONAL

EXEMPTIONS SPECIAL

DEDUCTIONS NOT

APPLICABLE APPLICABLE