Philippines

progressive · 6 brackets

progressive · +25% non-resident aliens not engaged in trade or business in the Philippines · +15% final tax on net capital gains from unlisted shares of stock · +6% final tax on sale of real property based on the higher of gross sales price or fair market value · +0.6% tax on gross selling price for shares of stocks listed and traded in the stock exchange

flat · +10% non-resident aliens engaged in trade or business (total 20%) · +15% non-resident aliens not engaged in trade or business (total 25%)

flat

no annual wealth tax · no real-estate wealth tax · no net-worth assessment

The Philippines Bureau of Internal Revenue (BIR) treats crypto-assets as property. Gains are taxed as ordinary income under the progressive tax table (0% to 35%). For individual taxpayers, if the asset is held for more than 12 months, only 50% of the capital gain is subject to tax under Section 39 of the NIRC. Professional traders or those holding crypto as inventory are taxed on 100% of gains and may be subject to 12% VAT if annual gross sales exceed PHP 3 million.

each swap counts as a disposal — gains realised at every trade

no information-sharing obligation on VASP transfers

spouses are typically exempt; flat rate applies above the allowance, regardless of heir class.

progressive · +2% Minimum corporate income tax (MCIT) on gross income if CIT is less than 2% of gross income · +15% Branch profit remittance tax on profits remitted abroad by a branch office · +35% Fringe benefits tax on the grossed-up monetary value of benefits granted to managerial or supervisory personnel · +10% Windfall Profits Tax (WPT) maximum tiered rate on excess mining profits

no IP regime · IP income taxed under standard corporate rules

Civil Matter / Breach of Fiduciary Duty (Revised Corporation Code, Section 130)

In the Philippines, the misuse of corporate assets by a sole shareholder-director is primarily a civil and tax issue rather than a criminal one. Under Section 130 of the Revised Corporation Code (RA 11232), a sole shareholder of a One Person Corporation (OPC) who commingles personal and corporate funds loses the protection of limited liability through the 'Piercing the Corporate Veil' doctrine, becoming personally liable for all corporate debts. While the corporation is a separate legal entity, criminal prosecution for Estafa (Art. 315, Revised Penal Code) or Qualified Theft (Art. 310) requires 'prejudice to another' or 'lack of consent.' In a solvent company with no other shareholders or unpaid creditors, these elements cannot be satisfied as the sole owner is the only party with an economic interest, and the act is typically reclassified as a constructive dividend for tax purposes.

Securities and Exchange Commission (SEC) - SEC Express System

Securities and Exchange Commission (SEC) - SEC Express System

single rate · no reduced tiers

Individuals: worldwide income taxation regardless of source. Corporates: worldwide.

20% holding · 24 months min

no controlled foreign corporation regime · foreign-source corporate income out of scope

non-resident outbound

non-resident outbound

non-resident outbound

no punitive rate on record

active

in negotiation

no triggers active · residence change tax-free · no deemed-disposal mechanism

naturalisation requires renouncing existing citizenship

score 49 · ↑ 18 ranks year-on-year