IDA only vs Philippines: Taxes on income, profits and capital gains
IDA only
24.1%
in 2021
Philippines
34.7%
in 2024
IDA only rank
33rd
Philippines rank
30th
Taxes on income, profits and capital gains over time
- IDA only
- Philippines
How they compare
Philippines currently reports 34.7% against 24.1% in IDA only, a difference of 10.6%.
That makes Philippines's figure about 1.4 times IDA only's.
Across all 10 years both countries report, Philippines has been ahead every year.
IDA only ranks 33rd and Philippines ranks 30th of 41 groups.
Philippines has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | IDA only | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 20.8% | 40.4% | 19.6% | Philippines |
| 2020s | 23.8% | 35.9% | 12.1% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, IDA only or Philippines?
- Philippines, at 34.7% against 24.1% in IDA only as of 2024.
- What is the difference in taxes on income, profits and capital gains between IDA only and Philippines?
- 10.6%, with Philippines ahead.
- How many years of comparable data are there for IDA only and Philippines?
- 10 years are reported by both, from 2012 to 2021.
- How do IDA only and Philippines rank globally for taxes on income, profits and capital gains?
- IDA only ranks 33rd and Philippines ranks 30th of 41 groups.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.