Gambia or Philippines: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Gambia and Philippines weigh about the same on the taxpayer.

Tax Gambia Philippines Gap
Corporate income tax headline rate 27% 25% +2.0 points
Personal income tax top bracket 0% to 30% 0% to 35% −5.0 points
VAT standard rate 15% 12% +3.0 points

Detailed schedules

Corporate income tax

Gambia

Net profit Tax due is the higher of the two calculations 27%
Revenue, audited accounts Due even if no profit 1%
Revenue, unaudited accounts 2%

Philippines

Common law companies 25%
Small companies Taxable income under 5 M PHP and assets under 100 M PHP 20%
See the Gambia page See the Philippines page