Corporate Income Tax Rate Philippines 2024. Corporate tax rate in philippines averaged 30.86 percent from 1997 until 2024, reaching an all time high of. One of the significant reforms under the create act is the lowering of the corporate income tax rate from 30%, previously the highest in asean region, to 20%.

A lower corporate income tax of 20% is also provided for domestic corporations with. 20% for domestic corporations with net taxable income not exceeding php5 million.