Effective bank tax rate reached 22.1% in 2020 in Philippines, according to the National Central Bank. This is 6.65% more than in the previous year.
Historically, effective bank tax rate in Philippines reached an all time high of 27.6% in 2008 and an all time low of 3.35% in 2002.
Philippines has been ranked 26th within the group of 58 countries we follow in terms of effective bank tax rate.
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