Paying taxes: Profit tax in Philippines
Philippines: Paying taxes: Profit tax was 20.2% in 2019. ▼ Falling
Paying taxes: Profit tax in Philippines, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
The most recent figure for paying taxes: profit tax in Philippines is 20.2%, measured in 2019.
That represents a change of down 0.5% on the previous year and down 12.6% over ten years.
Over the whole period, paying taxes: profit tax in Philippines peaked at 23.1% in 2008 and was at its lowest, 19.5%, in 2011.
Philippines ranks 64th of 190 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Paying taxes: Profit tax in Philippines, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 20.1% | — |
| 2006 | 20.5% | +2.0% |
| 2007 | 22.0% | +7.3% |
| 2008 | 23.1% | +5.0% |
| 2009 | 23.1% | +0.0% |
| 2010 | 19.8% | -14.3% |
| 2011 | 19.5% | -1.5% |
| 2012 | 19.6% | +0.5% |
| 2013 | 20.5% | +4.6% |
| 2014 | 20.5% | +0.0% |
| 2015 | 20.3% | -1.0% |
| 2016 | 20.3% | +0.0% |
| 2017 | 20.3% | +0.0% |
| 2018 | 20.3% | +0.0% |
| 2019 | 20.2% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.8% | 20.1% | 23.1% | 5 |
| 2010s | 20.1% | 19.5% | 20.5% | 10 |
Countries ranked near Philippines
More reference data data for Philippines
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 2.95 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 12.86 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.43 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 12.86 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 7.4 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 10.7 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 15.23 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 67.05 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 7.76 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Philippines?
- Paying taxes: profit tax in Philippines was 20.2% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Philippines?
- The highest recorded value was 23.1% in 2008.
- What is the lowest paying taxes: profit tax recorded in Philippines?
- The lowest recorded value was 19.5% in 2011.
- How does Philippines rank for paying taxes: profit tax?
- Philippines ranks 64th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Philippines?
- Over the last ten years it is down 12.6%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.