Philippines: Income, profits, and capital gains taxes: percent of revenue: For that indicator, The World Bank provides data for the Philippines from 1990 to 2015. The average value for the Philippines during that period was 37.2 percent with a minumum of 27.93 percent in 1990 and a maximum of 42.08 percent in 2012. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.