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Philippines vs Trinidad and Tobago
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ต๐Ÿ‡ญ Philippines
vs
๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“35%
Final TRAIN phase; potential review by Congress
No change
25โ€“30%
30% top; energy transition planning
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12%
12% standard; no change
No change
12.5%
12.5% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
20โ€“25%
25% large; 20% small; Pillar Two for qualifying MNCs
No change
25โ€“35%
CIT stable; LNG sector key
No change
Capital Gains Tax
Capital Gains Tax
6โ€“15%
6%/15% maintained
No change
0%
No CGT
No change
Social Security & Payroll
Social Security / Payroll
~16%
Universal health coverage push increasing PhilHealth rates
No change
~13.2%
NIS reform ongoing
No change
State, Regional & Local Taxes

๐Ÿ‡ต๐Ÿ‡ญ Philippines โ€” Local Government Unit (LGU) Taxes

The Philippines' 82 provinces, 146 cities, and 1,488 municipalities levy business taxes (1%โ€“2% of gross receipts), real property tax, and fees. Cities can levy local business taxes at their own rates within national caps. The local business tax is a major compliance burden for businesses operating across multiple LGUs. The BIR (Bureau of Internal Revenue) administers national taxes. The Create Act (2021) significantly reformed corporate income tax rates.

๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago โ€” Municipal & Regional Corporations

Trinidad and Tobago's 14 regional/municipal corporations (including Port of Spain City Corporation) levy property taxes and business licence fees. T&T is a significant energy producer in the Caribbean โ€” natural gas and oil revenues are major fiscal pillars. The country uses a Business Levy (0.6% of gross sales as minimum tax) and a Green Fund Levy (0.3%). T&T has the highest per-capita income in the Caribbean and a well-developed financial services sector.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Philippines vs Trinidad and Tobago: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ต๐Ÿ‡ญ Philippines has a higher top income tax rate (0โ€“35% vs 25โ€“30%). ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Both countries have comparable consumption tax rates (12% vs 12.5%).

๐Ÿข Corporate Tax: ๐Ÿ‡ต๐Ÿ‡ญ Philippines offers a lower corporate rate (25% vs 35%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡น๐Ÿ‡น Trinidad and Tobago taxes investment gains at a lower rate (0% vs 15%), benefiting investors.

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