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Singapore vs Philippines Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Singapore24%Lower
Philippines35%
Corporate Tax
Singapore17%Lower
Philippines25%
Capital Gains
Singapore0%Lower
Philippines15%
VAT / Sales Tax
Singapore9%Lower
Philippines12%
| Category | Singapore | Philippines |
|---|---|---|
| Tax System | Territorial | Progressive |
| Top Income Tax | 24% | 35% |
| Corporate Tax | 17% | 25% |
| Capital Gains | 0% | 15% |
| VAT / Sales Tax | 9% | 12% |
| Crypto Tax | No | No |
| Wealth Tax | No | No |
| Tax Treaties | 90 | 43 |
| Currency | SGD | PHP |
The bottom line: Singapore vs Philippines
Singapore 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. Singapore runs a territorial tax system, while Philippines uses a progressive one. Singapore has the wider tax-treaty network (90 agreements), which can reduce withholding tax on cross-border income.
- Income tax: Singapore is lower (24% vs 35%)
- Corporate tax: Singapore is lower (17% vs 25%)
- Capital gains tax: Singapore is lower (0% vs 15%)
- VAT / sales tax: Singapore is lower (9% vs 12%)