Philippines vs Small states: Taxes on income, profits and capital gains
Philippines
34.7%
in 2024
Small states
24.1%
in 2022
Philippines rank
30th
Small states rank
32nd
Taxes on income, profits and capital gains over time
- Philippines
- Small states
How they compare
Philippines currently reports 34.7% against 24.1% in Small states, a difference of 10.6%.
That makes Philippines's figure about 1.4 times Small states's.
Across all 32 years both countries report, Philippines has been ahead every year.
Philippines ranks 30th and Small states ranks 32nd of 153 countries.
Philippines has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Philippines | Small states | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 33.0% | 18.6% | 14.3% | Philippines |
| 2000s | 39.4% | 22.8% | 16.5% | Philippines |
| 2010s | 40.6% | 24.5% | 16.1% | Philippines |
| 2020s | 35.6% | 24.0% | 11.6% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Philippines or Small states?
- Philippines, at 34.7% against 24.1% in Small states as of 2024.
- What is the difference in taxes on income, profits and capital gains between Philippines and Small states?
- 10.6%, with Philippines ahead.
- How many years of comparable data are there for Philippines and Small states?
- 32 years are reported by both, from 1991 to 2022.
- How do Philippines and Small states rank globally for taxes on income, profits and capital gains?
- Philippines ranks 30th and Small states ranks 32nd of 153 countries.
- 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.