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Philippines vs Vietnam Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Philippines35%
Vietnam35%
Corporate Tax
Philippines25%
Vietnam20%Lower
Capital Gains
Philippines15%Lower
Vietnam20%
VAT / Sales Tax
Philippines12%
Vietnam10%Lower
| Category | Philippines | Vietnam |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 35% | 35% |
| Corporate Tax | 25% | 20% |
| Capital Gains | 15% | 20% |
| VAT / Sales Tax | 12% | 10% |
| Crypto Tax | No | No |
| Wealth Tax | No | No |
| Tax Treaties | 43 | 81 |
| Currency | PHP | VND |
The bottom line: Philippines vs Vietnam
Vietnam has the lower headline rate on 2 of the four main taxes (income, corporate, capital gains and VAT), making it the lighter-taxed of the two on paper. Philippines runs a progressive tax system, while Vietnam uses a progressive one. Vietnam has the wider tax-treaty network (81 agreements), which can reduce withholding tax on cross-border income.
- Income tax: identical in both (35%)
- Corporate tax: Vietnam is lower (25% vs 20%)
- Capital gains tax: Philippines is lower (15% vs 20%)
- VAT / sales tax: Vietnam is lower (12% vs 10%)