The Personal Income Tax Rate in Philippines stands at 35 percent. source: Bureau of Internal Revenue

Personal Income Tax Rate in Philippines averaged 32.53 percent from 2004 until 2020, reaching an all time high of 35 percent in 2018 and a record low of 32 percent in 2005. This page provides - Philippines Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Personal Income Tax Rate - values, historical data and charts - was last updated on October of 2021.

Personal Income Tax Rate in Philippines is expected to reach 35.00 percent by the end of 2021, 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 35.00 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Philippines Personal Income Tax Rate


Philippines Last Unit Reference Previous Highest Lowest
Personal Income Tax Rate 35.00 percent Dec/21 35.00 35.00 32.00
Corporate Tax Rate 30.00 percent Dec/21 30.00 35.00 30.00
Sales Tax Rate 12.00 percent Dec/21 12.00 12.00 10.00
Social Security Rate 12.00 percent Dec/21 11.36 12.00 9.63
Social Security Rate For Companies 8.00 percent Dec/21 7.67 8.00 6.24
Social Security Rate For Employees 4.00 percent Dec/21 3.69 4.00 3.39


Philippines Personal Income Tax Rate
In Philippines, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Philippines.