PH · AsiaTM · Asia
Philippines vs Turkmenistan: tax rates compared
Philippines has a corporate tax rate of 25%, 17pp above Turkmenistan's 8%. The 201-country average is 22.6%: Philippines sits above it, Turkmenistan sits below it.
Verified data covers one of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | PH | TM | Difference |
|---|---|---|---|
| Corporate Tax | 25% | 8% | PH +17 pp |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Philippines | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Turkmenistan | 8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +17 pp | Philippines higher |
Not covered for both countries yet: Income Tax, VAT, Capital Gains Tax, Crypto Tax, Wealth Tax.