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Thailand vs Philippines Tax Comparison
Side-by-side comparison of tax rates and systems
Tax Rate Comparison
Rate Comparison
Top Income Tax
Thailand35%
Philippines35%
Corporate Tax
Thailand20%Lower
Philippines25%
Capital Gains
Thailand35%
Philippines15%Lower
VAT / Sales Tax
Thailand7%Lower
Philippines12%
| Category | Thailand | Philippines |
|---|---|---|
| Tax System | Progressive | Progressive |
| Top Income Tax | 35% | 35% |
| Corporate Tax | 20% | 25% |
| Capital Gains | 35% | 15% |
| VAT / Sales Tax | 7% | 12% |
| Crypto Tax | Yes | No |
| Wealth Tax | No | No |
| Tax Treaties | 61 | 43 |
| Currency | THB | PHP |
The bottom line: Thailand vs Philippines
Thailand 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. Thailand runs a progressive tax system, while Philippines uses a progressive one. On crypto, Philippines is the more favourable — it does not tax cryptocurrency gains. Thailand has the wider tax-treaty network (61 agreements), which can reduce withholding tax on cross-border income.
- Income tax: identical in both (35%)
- Corporate tax: Thailand is lower (20% vs 25%)
- Capital gains tax: Philippines is lower (35% vs 15%)
- VAT / sales tax: Thailand is lower (7% vs 12%)