Marshall Islands vs Philippines

Within 10,000 US dollars, a corporate income tax of 80 US dollars is collected. Any excess amount is subject to a 3% tax. However, Non-resident companies not conducting business within the Marshall Islands are exempt from corporate income tax. This makes the jurisdiction attractive for offshore business activities as they do not have to pay taxes on income earned outside the Marshall Islands​​​. https://internationalwealth.info/en/offshore-taxes/everything-you-need-to-know-about-the-tax-system-in-the-marshall-islands/

25%

N/A for non resident companies

Quarterly return: Within 60 days from the close of each of the first three quarters. Annual return: On or before the 15th day of the fourth month following the close of the taxable year.

N/A for non resident companies

On the 15th day of the fourth month following the close of the taxable year.

N/A for non resident companies

Quarterly instalments paid within 60 days after each quarter.

0%

25/20/25

0%

25/20/25

0

12

0%

If the net capital gain is within P100,000, the applicable tax rate is 5%, and the excess is 10%.