The Corporate Tax Rate in Philippines stands at 30 percent. source: Bureau of Internal Revenue

Corporate Tax Rate in Philippines averaged 31.63 percent from 1997 until 2020, reaching an all time high of 35 percent in 1997 and a record low of 30 percent in 2009. This page provides - Philippines Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Corporate Tax Rate - values, historical data and charts - was last updated on January of 2021.

Corporate Tax Rate in Philippines is expected to reach 30.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Corporate Tax Rate is projected to trend around 30.00 percent in 2021, according to our econometric models.

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Philippines Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
30.00 30.00 35.00 30.00 1997 - 2020 percent Yearly

Philippines Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 30.00 30.00 35.00 30.00 percent [+]
Personal Income Tax Rate 35.00 35.00 35.00 32.00 percent [+]
Sales Tax Rate 12.00 12.00 12.00 10.00 percent [+]
Social Security Rate 11.36 11.36 11.36 9.63 percent [+]
Social Security Rate For Companies 7.67 7.67 7.67 6.24 percent [+]
Social Security Rate For Employees 3.69 3.69 3.69 3.39 percent [+]


Philippines Corporate Tax Rate
In Philippines, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Philippines.