Taxes on income, profits and capital gains reached PHP 1,046 bil in 2020 in Philippines, according to the National Statistical Office. This is 10.2% less than in the previous year.
Historically, taxes on income, profits and capital gains in Philippines reached an all time high of PHP 1,165 bil in 2019 and an all time low of PHP 49.4 bil in 1990.
Philippines has been ranked 19th within the group of 109 countries we follow in terms of taxes on income, profits and capital gains.
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