Bank Corporate Income Tax (Local Currency) in Philippines

Bank corporate income tax reached PHP 40,772 mil in 2020 in Philippines, according to the National Central Bank. This is 18.7% less than in the previous year.

Historically, bank corporate income tax in Philippines reached an all time high of PHP 50,132 mil in 2019 and an all time low of PHP 846 mil in 2002.

Philippines has been ranked 15th within the group of 58 countries we follow in terms of bank corporate income tax.