Asia-Pacific
Currency
PHP
Corporate Tax
25%
Personal Income Tax
35%
VAT / GST
12%
Standard 25%; 20% for micro/small (net income <PHP 5m, total assets <PHP 100m); 10% minimum corporate income tax (MCIT) for 4th year.
Top rate 35% above PHP 8m/year; 0-35% scale (TRAIN law).
Standard 12%; 0% exports; 0% on senior/PWD essentials.
Dividends
0-15%
Interest
20%
Royalties
0-20%
Rates shown are statutory; treaty networks may reduce withholding significantly. Verify against the relevant double-tax agreement.
SSS 14% (employer 9.5% + employee 4.5%); PhilHealth 5% (split); Pag-IBIG 4% (employer 2% + employee 2%); capped.
Capital Gains Tax
6–15% shares; 6% real estate
Inheritance / Estate Tax
6% estate tax above PHP 200k
Capital (Net Worth) Tax
0%
Property Tax
Property tax ~1–2%
Rates are indicative headline figures and may omit holding-period exemptions, regional variation, and surcharges. Verify against current law before relying on them.
Treaties in force
~40
Key partners: USA, Japan, China, Singapore, UK, Germany
Withholding typically 10%–15%; treaty with USA since 1982.
Treaty counts are approximate and change as agreements are signed, ratified, or terminated. Verify the status and withholding rates under the specific treaty before relying on them.
Calendar year (fiscal year-end permitted)
Notes
CREATE Act reduced CIT to 25% (20% SME). PEZA/BOI incentives: 5% GRT (no CIT) for export enterprises after 4-7 year holiday.
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