Philippines vs Thailand: Taxes on income, profits and capital gains
Philippines
40.3%
in 2024
Thailand
39.9%
in 2024
Philippines rank
61st
Thailand rank
64th
Taxes on income, profits and capital gains over time
- Philippines
- Thailand
How they compare
Philippines currently reports 40.3% against 39.9% in Thailand, a difference of 0.4%.
The two have swapped places 6 times across 35 shared years of data; in 1990 it was Philippines ahead.
Philippines ranks 61st and Thailand ranks 64th of 153 countries.
Philippines has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Philippines | Thailand | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 36.5% | 32.6% | 3.9% | Philippines |
| 2000s | 45.0% | 40.7% | 4.3% | Philippines |
| 2010s | 45.2% | 40.7% | 4.5% | Philippines |
| 2020s | 40.0% | 39.4% | 0.6% | 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 Thailand?
- Philippines, at 40.3% against 39.9% in Thailand as of 2024.
- What is the difference in taxes on income, profits and capital gains between Philippines and Thailand?
- 0.4%, with Philippines ahead.
- How many years of comparable data are there for Philippines and Thailand?
- 35 years are reported by both, from 1990 to 2024.
- How do Philippines and Thailand rank globally for taxes on income, profits and capital gains?
- Philippines ranks 61st and Thailand ranks 64th 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 total taxes). 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 total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.