Philippines—Taxes on Income, Profits & Capital Gains (% of rev)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #22 of 137
Latest Value
36.7%
2023
YoY Change
+5.2%
2022 → 2023
Global Rank
#22
of 137 countries
Maximum
42.1%
2012
Minimum
34.9%
2022
CAGR
-0.3%
24 years
Last
36.7%
Previous
34.9%
Highest
42.1%
Lowest
34.9%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 36.7% | +5.2% |
| 2022 | 34.9% | -0.8% |
| 2021 | 35.2% | -3.9% |
| 2020 | 36.6% | -1.4% |
| 2019 | 37.1% | +1.7% |
| 2018 | 36.5% | -11.9% |
| 2017 | 41.5% | -1.2% |
| 2016 | 42.0% | +1.5% |
| 2015 | 41.3% | +0.4% |
| 2014 | 41.2% | -1.8% |
| 2013 | 41.9% | -0.4% |
| 2012 | 42.1% | +0.0% |
| 2011 | 42.1% | +3.9% |
| 2010 | 40.5% | +4.5% |
| 2009 | 38.8% | -5.7% |
| 2008 | 41.1% | +0.9% |
| 2007 | 40.8% | +5.5% |
| 2006 | 38.6% | -2.5% |
| 2005 | 39.6% | +1.0% |
| 2004 | 39.2% | +2.7% |
| 2003 | 38.2% | -2.1% |
| 2002 | 39.0% | +0.1% |
| 2001 | 39.0% | -0.2% |
| 2000 | 39.1% |
Top Countries — Taxes on Income, Profits & Capital Gains (% of rev)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Australia | 67.9% | 2022 |
| 2 | Papua New Guinea | 59.2% | 2023 |
| 3 | New Zealand | 56.9% | 2023 |
| 4 | United States | 56.7% | 2024 |
| 5 | Canada | 54.6% | 2024 |
| 6 | Ireland | 49.7% | 2022 |
| 7 | Malaysia | 49.4% | 2023 |
| 8 | Denmark | 48.9% | 2023 |
| 9 | South Africa | 48.0% | 2023 |
| 10 | Nicaragua | 41.8% | 2023 |
About This Indicator
Definition
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.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →