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Grenada vs Philippines: tax rates compared
Philippines's income tax rate is 5pp higher than Grenada's (35% vs 30%). The 200-country average is 28%: both sit above it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | PH | Difference |
|---|---|---|---|
| Income Tax | 30% | 35% | PH +5 pplargest gap |
| Corporate Tax | 28% | 25% | GD +3 pp |
| VAT | 15% | 12% | GD +3 pp |
| Capital Gains Tax | 0% | 0.6% | PH +0.6 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| Philippines | 35% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Taxes on personal income) · as of 2026-07-02 |
| Difference | −5 pp | Philippines higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 28% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Philippines | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +3 pp | Grenada higher |
Grenada's corporate tax rate is 3pp higher than Philippines's (28% vs 25%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Philippines | 12% | Source: PWC Worldwide Tax Summaries — Philippines (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +3 pp | Grenada higher |
Grenada's VAT rate is 3pp higher than Philippines's (15% vs 12%). The 181-country average is 15%: Grenada matches the world average, Philippines sits below it. Grenada's figure is dated 2010-02-01 and Philippines's 2026-01-12, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Difference | −0.6 pp | Philippines higher |
Philippines's capital gains tax rate is 0.6pp higher than Grenada's (0.6% vs 0%). The 175-country average is 10.3%: both sit below it.
Not covered for both countries yet: Crypto Tax, Wealth Tax.