Philippines Wealth & Property Tax
Detailed wealth & property tax rates and rules for Philippines in 2026.
Wealth Tax
The Philippines does not impose a net wealth tax.
Wealth Tax Rate
0%
Inheritance / Estate Tax
The Philippines imposes an estate tax at a flat rate of 6% on the net taxable estate exceeding a standard deduction of PHP 5 million, plus deductions for family home (up to PHP 10 million), medical expenses, funeral expenses, and other obligations of the estate. This simplified structure was introduced by the TRAIN Law, replacing the previous progressive rates of 5-20%.
Top Rate
6%
Property Tax
Local government units (LGUs) levy annual real property tax at rates of 1% of assessed value for provinces and 2% for cities and municipalities within Metro Manila. An additional 1% Special Education Fund tax applies. Assessed values are determined by applying assessment levels (15-80% depending on property type) to the fair market value. Property transfers are subject to a 6% capital gains tax or regular income tax depending on asset classification.
How Philippines Wealth Tax compares
Philippines does not tax net wealth. 191 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
