Grenada or Philippines: which taxes less?

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

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

Tax Grenada Philippines Gap
Corporate income tax headline rate 0% to 28% 25% +3.0 points
Personal income tax top bracket 0% to 28% 0% to 35% −7.0 points
VAT standard rate 15% 12% +3.0 points

Detailed schedules

Corporate income tax

Grenada

n/a

Philippines

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