LT · EuropePH · Asia
Lithuania vs Philippines: tax rates compared
Philippines has an income tax rate of 35%, 3pp above Lithuania's 32%. The 200-country average is 28%: both sit above it. Lithuania'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 | LT | PH | Difference |
|---|---|---|---|
| Income Tax | 32% | 35% | PH +3 pp |
| Corporate Tax | 16% | 25% | PH +9 pp |
| VAT | 21% | 12% | LT +9 pp |
| Capital Gains Tax | 20% | 0.6% | LT +19.4 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 32% | 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 | −3 pp | Philippines higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 16% | 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 | −9 pp | Philippines higher |
Philippines has a corporate tax rate of 25%, 9pp above Lithuania's 16%. The 201-country average is 22.6%: Lithuania sits below it, Philippines sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Lithuania | 21% | Source: PWC Worldwide Tax Summaries — Lithuania (Corporate, Other taxes) · as of 2026-03-10 |
| Philippines | 12% | Source: PWC Worldwide Tax Summaries — Philippines (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +9 pp | Lithuania higher |
Lithuania has a VAT rate of 21%, 9pp above Philippines's 12%. The 181-country average is 15%: Lithuania sits above it, Philippines sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 20% | Source: PWC Worldwide Tax Summaries — Lithuania (Individual, Income determination) · as of 2026-03-10 |
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Difference | +19.4 pp | Lithuania higher |
Lithuania has a capital gains tax rate of 20%, 19.4pp above Philippines's 0.6%. The 175-country average is 10.3%: Lithuania sits above it, Philippines sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Lithuania | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-03-10 |
| Philippines | 0% | Source: PWC Worldwide Tax Summaries — Philippines (Net wealth/worth tax rates) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Lithuania and Philippines share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.