PH · AsiaTW · Asia
Philippines vs Taiwan: tax rates compared
Taiwan's income tax rate is 5pp higher than Philippines's (40% vs 35%). 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 | PH | TW | Difference |
|---|---|---|---|
| Income Tax | 35% | 40% | TW +5 pp |
| Corporate Tax | 25% | 20% | PH +5 pp |
| VAT | 12% | 5% | PH +7 pplargest gap |
| 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 |
| Taiwan | 40% | Source: PWC Worldwide Tax Summaries — Taiwan (Individual, Taxes on personal income) · as of 2026-01-12 |
| Difference | −5 pp | Taiwan higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Taiwan | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +5 pp | Philippines higher |
Philippines's corporate tax rate is 5pp higher than Taiwan's (25% vs 20%). The 201-country average is 22.6%: Philippines sits above it, Taiwan sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Philippines | 12% | Source: PWC Worldwide Tax Summaries — Philippines (Corporate, Other taxes) · as of 2026-01-12 |
| Taiwan | 5% | Source: PWC Worldwide Tax Summaries — Taiwan (Corporate, Other taxes) · as of 2026-01-12 |
| Difference | +7 pp | Philippines higher |
Philippines's VAT rate is 7pp higher than Taiwan's (12% vs 5%). The 181-country average is 15%: both sit below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 0.6% | Source: PWC Worldwide Tax Summaries — Philippines (Individual, Income determination) · as of 2026-07-02 |
| Taiwan | 0% | Source: PWC Worldwide Tax Summaries — Taiwan (Individual, Income determination / Capital gains tax rates quick chart) · as of 2026-01-12 |
| Difference | +0.6 pp | Philippines higher |
Philippines's capital gains tax rate is 0.6pp higher than Taiwan's (0.6% vs 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 |
| Taiwan | 0% | Source: PWC Worldwide Tax Summaries — Taiwan (Individual, Other taxes) · as of 2026-01-12 |
| Difference | 0 pp | displayed rates match |
Philippines's wealth tax rate is identical to Taiwan's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.