vs
Italy vs Philippines Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Italy43%
Philippines35%Lower
Corporate Tax
Italy27.9%
Philippines25%Lower
Capital Gains
Italy26%
Philippines15%Lower
VAT / Sales Tax
Italy22%
Philippines12%Lower
| Category | Italy | Philippines |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 43% | 35% |
| Corporate Tax | 27.9% | 25% |
| Capital Gains | 26% | 15% |
| VAT / Sales Tax | 22% | 12% |
| Crypto Tax | Yes | No |
| Wealth Tax | No | No |
| Tax Treaties | 100 | 43 |
| Currency | EUR | PHP |
The bottom line: Italy vs Philippines
Philippines has the lower headline rate on 4 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. Italy runs a progressive tax system, while Philippines uses a progressive one. On crypto, Philippines is the more favourable — it does not tax cryptocurrency gains. Italy has the wider tax-treaty network (100 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Philippines is lower (43% vs 35%)
- Corporate tax: Philippines is lower (27.9% vs 25%)
- Capital gains tax: Philippines is lower (26% vs 15%)
- VAT / sales tax: Philippines is lower (22% vs 12%)