Philippines Personal Income Tax Rate - Forecast

Personal Income Tax Rate in Philippines is expected to be 35.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Personal Income Tax Rate is projected to trend around 33.00 percent in 2020, according to our econometric models.


Philippines Personal Income Tax Rate
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Philippines Taxes Last Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 30 30 30 30 30 30
Personal Income Tax Rate 35 35 35 35 33 33
Sales Tax Rate 12 12 12 12 12 12
Social Security Rate 11.36 11.36 11.36 11.36 11 11.36
Social Security Rate For Companies 7.67 7.67 7.67 7.67 7.67 7.67
Social Security Rate For Employees 3.69 3.69 3.69 3.69 3.69 3.69