PH · AsiaSB · Oceania
Philippines vs Solomon Islands: tax rates compared
Solomon Islands has an income tax rate of 40%, 5pp above Philippines's 35%. 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 | PH | SB | Difference |
|---|---|---|---|
| Income Tax | 35% | 40% | SB +5 pplargest gap |
| Corporate Tax | 25% | 30% | SB +5 pp |
| Capital Gains Tax | 0.6% | 0% | PH +0.6 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 |
| Solomon Islands | 40% | Source: Solomon Islands Inland Revenue Division — Income Tax · as of 2026-05-18 |
| Difference | −5 pp | Solomon Islands higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Solomon Islands | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Solomon Islands higher |
Solomon Islands has a corporate tax rate of 30%, 5pp above Philippines's 25%. The 201-country average is 22.6%: both sit 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 |
| Solomon Islands | 0% | Source: Solomon Islands Inland Revenue Division — Tax Information · as of 2026-07-19 |
| Difference | +0.6 pp | Philippines higher |
Philippines has a capital gains tax rate of 0.6%, 0.6pp above Solomon Islands's 0%. The 175-country average is 10.3%: both sit below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 0% | Source: PWC Worldwide Tax Summaries — Philippines (Net wealth/worth tax rates) · as of 2026-01-12 |
| Solomon Islands | 0% | Source: Solomon Islands Inland Revenue Division · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Philippines and Solomon Islands share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: VAT, Crypto Tax.