PE · AmericasPH · Asia
Peru vs Philippines: tax rates compared
Philippines has an income tax rate of 35%, 5pp above Peru's 30%. The 200-country average is 28%: both sit above it.
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 | PE | PH | Difference |
|---|---|---|---|
| Income Tax | 30% | 35% | PH +5 pp |
| Corporate Tax | 29.5% | 25% | PE +4.5 pp |
| VAT | 18% | 12% | PE +6 pplargest gap |
| Capital Gains Tax | 5% | 0.6% | PE +4.4 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 30% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Taxes on personal income) · as of 2026-07-13 |
| 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 |
|---|---|---|
| Peru | 29.5% | 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 | +4.5 pp | Peru higher |
Peru has a corporate tax rate of 29.5%, 4.5pp above Philippines's 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Peru | 18% | Source: PWC Worldwide Tax Summaries — Peru (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 | +6 pp | Peru higher |
Peru has a VAT rate of 18%, 6pp above Philippines's 12%. The 181-country average is 15%: Peru sits above it, Philippines sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 5% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Income determination) · as of 2026-07-13 |
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Difference | +4.4 pp | Peru higher |
Peru has a capital gains tax rate of 5%, 4.4pp above Philippines's 0.6%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Peru | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Peru · as of 2025-10-01 |
| Philippines | 0% | Source: PWC Worldwide Tax Summaries — Philippines (Net wealth/worth tax rates) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Peru and Philippines share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Peru's figure is dated 2025-10-01 and Philippines's 2026-01-12, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.