Philippines Personal Income Tax Rate  Forecast


Personal Income Tax Rate in Philippines is expected to be 32.00 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 32.00 percent in 2020, according to our econometric models.

Philippines Personal Income Tax Rate
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Philippines Taxes Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 30 30 30 30 30 30
Personal Income Tax Rate 32 32 32 32 32 32
Sales Tax Rate 12 12 12 12 12 12
Social Security Rate 11.36 11.36 11.36 11.36 11.36 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