IT · EuropePH · Asia
Italy vs Philippines: tax rates compared
Italy's income tax rate is 12.2pp higher than Philippines's (47.2% vs 35%). The 200-country average is 28%: both sit above it. Italy's figure is dated 2025-01-01 and Philippines's 2026-07-02, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | IT | PH | Difference |
|---|---|---|---|
| Income Tax | 47.2% | 35% | IT +12.2 pp |
| Corporate Tax | 27.8% | 25% | IT +2.8 pp |
| VAT | 22% | 12% | IT +10 pp |
| Capital Gains Tax | 26% | 0.6% | IT +25.4 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 47.2% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Philippines | 35% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Taxes on personal income) · as of 2026-07-02 |
| Difference | +12.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 27.8% | 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 | +2.8 pp | Italy higher |
Italy's corporate tax rate is 2.8pp higher than Philippines's (27.8% vs 25%). The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Philippines | 12% | Source: PWC Worldwide Tax Summaries — Philippines (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +10 pp | Italy higher |
Italy's VAT rate is 10pp higher than Philippines's (22% vs 12%). The 181-country average is 15%: Italy sits above it, Philippines sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 26% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Income determination) · as of 2019-01-01 |
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Difference | +25.4 pp | Italy higher |
Italy's capital gains tax rate is 25.4pp higher than Philippines's (26% vs 0.6%). The 175-country average is 10.3%: Italy sits above it, Philippines sits below it. Italy's figure is dated 2019-01-01 and Philippines's 2026-07-02, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| Philippines | 0% | Source: PWC Worldwide Tax Summaries — Philippines (Net wealth/worth tax rates) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Italy's wealth tax rate is identical to Philippines's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Italy's figure is dated 2024-01-01 and Philippines's 2026-01-12, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.