The total tax rate as a share of profits for medium sized businesses in the Philippines saw no significant changes in 2019 in comparison to the previous year 2018 and remained at around 43.1 percent. The total tax rate measures the amount of taxes and mandatory contributions payable by businesses, minus allowable deductions and exemptions, as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value-added, sales, or goods and service taxes) are excluded.
Find more key insights for the total tax rate as a share of profits for medium sized businesses in countries like Brunei and Laos.
Total tax rate as a percentage of profits for medium sized businesses in the Philippines from 2010 to 2019
According to the source, the total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial profit. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.
The source did not provide a publication date. The release date is the same as the accessed date.
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World Bank. (October 24, 2024). Total tax rate as a percentage of profits for medium sized businesses in the Philippines from 2010 to 2019 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/730809/philippines-total-tax-rate-for-medium-sized-businesses/
World Bank. "Total tax rate as a percentage of profits for medium sized businesses in the Philippines from 2010 to 2019." Chart. October 24, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/730809/philippines-total-tax-rate-for-medium-sized-businesses/
World Bank. (2024). Total tax rate as a percentage of profits for medium sized businesses in the Philippines from 2010 to 2019. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/730809/philippines-total-tax-rate-for-medium-sized-businesses/
World Bank. "Total Tax Rate as a Percentage of Profits for Medium Sized Businesses in The Philippines from 2010 to 2019." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/730809/philippines-total-tax-rate-for-medium-sized-businesses/
World Bank, Total tax rate as a percentage of profits for medium sized businesses in the Philippines from 2010 to 2019 Statista, https://www.statista.com/statistics/730809/philippines-total-tax-rate-for-medium-sized-businesses/ (last visited December 21, 2024)
Total tax rate as a percentage of profits for medium sized businesses in the Philippines from 2010 to 2019 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/730809/philippines-total-tax-rate-for-medium-sized-businesses/
