PH · AsiaES · Europe
Philippines vs Spain: tax rates compared
Spain has an income tax rate of 48.6%, 13.6pp above Philippines's 35%. The 200-country average is 28%: both sit above it. Philippines's figure is dated 2026-07-02 and Spain's 2025-01-01, 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 | PH | ES | Difference |
|---|---|---|---|
| Income Tax | 35% | 48.6% | ES +13.6 pp |
| Corporate Tax | 25% | 25% | match |
| VAT | 12% | 21% | ES +9 pp |
| Capital Gains Tax | 0.6% | 30% | ES +29.4 pplargest gap |
| Wealth Tax | 0% | 3.5% | ES +3.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 35% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Taxes on personal income) · as of 2026-07-02 |
| Spain | 48.6% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −13.6 pp | Spain higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Spain | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | 0 pp | displayed rates match |
Philippines and Spain share the same corporate tax rate: 25%. The 201-country average is 22.6%: both sit above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Philippines | 12% | Source: PWC Worldwide Tax Summaries — Philippines (Corporate, Other taxes) · as of 2026-01-12 |
| Spain | 21% | Source: PWC Worldwide Tax Summaries — Spain (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | −9 pp | Spain higher |
Spain has a VAT rate of 21%, 9pp above Philippines's 12%. The 181-country average is 15%: Philippines sits below it, Spain sits above it. Philippines's figure is dated 2026-01-12 and Spain's 2025-12-31, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Spain | 30% | Source: PwC Worldwide Tax Summaries — Spain, Individual - Income determination · as of 2025-12-31 |
| Difference | −29.4 pp | Spain higher |
Spain has a capital gains tax rate of 30%, 29.4pp above Philippines's 0.6%. The 175-country average is 10.3%: Philippines sits below it, Spain sits above it. Philippines's figure is dated 2026-07-02 and Spain's 2025-12-31, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 0% | Source: PWC Worldwide Tax Summaries — Philippines (Net wealth/worth tax rates) · as of 2026-01-12 |
| Spain | 3.5% | Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31 |
| Difference | −3.5 pp | Spain higher |
Spain has a wealth tax rate of 3.5%, 3.5pp above Philippines's 0%. The 193-country average is 0.1%: Philippines sits below it, Spain sits above it. Philippines's figure is dated 2026-01-12 and Spain's 2025-12-31, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.