PH · AsiaRS · Europe
Philippines vs Serbia: tax rates compared
Philippines's income tax rate is 25pp higher than Serbia's (35% vs 10%). The 200-country average is 28%: Philippines sits above it, Serbia sits below 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 | PH | RS | Difference |
|---|---|---|---|
| Income Tax | 35% | 10% | PH +25 pplargest gap |
| Corporate Tax | 25% | 15% | PH +10 pp |
| VAT | 12% | 20% | RS +8 pp |
| Capital Gains Tax | 0.6% | 15% | RS +14.4 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 35% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Taxes on personal income) · as of 2026-07-02 |
| Serbia | 10% | Source: PWC Worldwide Tax Summaries — Serbia (Individual, Income determination) · as of 2026-02-25 |
| Difference | +25 pp | Philippines higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Serbia | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +10 pp | Philippines higher |
Philippines's corporate tax rate is 10pp higher than Serbia's (25% vs 15%). The 201-country average is 22.6%: Philippines sits above it, Serbia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Philippines | 12% | Source: PWC Worldwide Tax Summaries — Philippines (Corporate, Other taxes) · as of 2026-01-12 |
| Serbia | 20% | Source: PWC Worldwide Tax Summaries — Serbia (Corporate, Other taxes) · as of 2026-02-25 |
| Difference | −8 pp | Serbia higher |
Serbia's VAT rate is 8pp higher than Philippines's (20% vs 12%). The 181-country average is 15%: Philippines sits below it, Serbia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Serbia | 15% | Source: PWC Worldwide Tax Summaries — Serbia (Individual, Income determination) · as of 2026-02-25 |
| Difference | −14.4 pp | Serbia higher |
Serbia's capital gains tax rate is 14.4pp higher than Philippines's (15% vs 0.6%). The 175-country average is 10.3%: Philippines sits below it, Serbia sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 0% | Source: PWC Worldwide Tax Summaries — Philippines (Net wealth/worth tax rates) · as of 2026-01-12 |
| Serbia | 0% | Source: PWC Worldwide Tax Summaries — Serbia (Net wealth/worth tax rates) · as of 2026-02-25 |
| Difference | 0 pp | displayed rates match |
Philippines's wealth tax rate is identical to Serbia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.