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Rental Income Tax - Philippines Compared to Continent


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Sort: Alphabetically  | Ascending Rank  |  Descending Rank


Click name of country for detailed information


Indonesia 30.00%
Nepal 25.00%
Bangladesh 25.00%
Philippines 24.09%
Taiwan 21.00%
Mongolia 20.00%
Malaysia 20.00%
Uzbekistan 20.00%
Vietnam 20.00%
Singapore 15.13%
Kazakhstan 15.00%
Georgia 15.00%
Azerbaijan 14.00%
Pakistan 11.93%
Hong Kong 11.40%
Cambodia 10.00%
Myanmar 9.09%
Macau 8.76%
India 8.28%
Laos 7.50%
Sri Lanka 6.62%
China 5.00%
Thailand 3.80%
Japan 3.40%
South Korea 2.48%

 

 

Philippines: Rental income taxes (%).

The tax levied on the average annual income on a rental apartment/property in the country.

Assumptions:

  • Gross rental income is /US$1,500/month
  • The property is personally directly owned jointly by husband and wife
  • Both owners are foreigners and non-residents
  • They have no other local income
  • There is no mortgage, i.e., no loan is taken for the purchase


In arriving at the pre-tax profit figure, we calculate, and deduct:

  • Depreciation / capital allowances if available. We assume a value for the apartment based on our valuation research, and depreciate on this basis.


We deduct any other costs which a landlord normally pays - management charges, buildings insurance, realtor agency fees, etc. We either choose a standard percentage deduction (if available) or typical actually incurred costs. If real estate tax is normally payable by the landlord, we deduct that.

Our rental income tax figures are provided by accountants (see list of contributors). For more details see the Data FAQ.

Source: Global Property Guide Research, Contributing Accounting Firms

 

Philippines does not publish official house price statistics. Colliers International has quarterly data of capital values in the Makati-CBD. Economics statistics are available from government agencies - Bangko Sentral ng Pilipinas, National Statistical Coordination Board and National Economic Development Agency.





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