Philippines
How Philippines performs
Tax
Average taxes. The Philippines sits mid-table on tax, 64th of 123. Expect a typical tax bill: neither a reason to move here nor a reason to stay away. Personal income tax 0-35%, corporate tax 2-25%, VAT 12%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Some concerns. The Philippines is less peaceful than most countries in the index (82nd of 117). Look closely at the area you would live in.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Very affordable. The Philippines is one of the cheapest places to live in the index, 20th of 118. Your money goes a long way here.
Source: Numbeo Cost of Living Index
Education
Average education. Education is mid-table: the Philippines is 65th of 120.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 2-25% Applicable tax rate varies based on amount of income and nature of the business |
|---|---|
| Personal income tax | 0-35% Applicable tax rate varies based on amount of income earned |
| Standard VAT | 12% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 5 years
- Language requirement
- YesProficiency in English, Spanish or some native tongue languages
- Investment Immigration Pathway
- Philippines The Special Investor’s Resident Visa (SIRV)
- Official languages
- Filipino and English
- Dual citizenship
- Allows dual citizenship
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