Cost of Doing Business in the Philippines
Here are factors to consider when estimating costs of starting your business in the Philippines:
Cost of Getting Started
Registration Fees
- Corporations and Partnerships (Securities and Exchange Commission)
Incentives Availment (Board of Investments)
Business Name Registration-Single Proprietorships (Bureau of Trade
Regulation and Consumer Protection, DTI)
Clark Development Corporation One-Time Fees
Philippine Economic Zone Authority
Tax Rates
- Corporate Income Tax
Income Tax Rates as Passive Income of Domestic / Resident Corporation
New Taxes for Corporations under the Tax Reform Act of 1997
Preferential Income Tax Rates for Non-Resident Corporations
Individual Taxation
Value Added Tax
Stock Transaction Tax
Percentage Tax
Income Tax Rate for Special Corporation
Cost of Land and Rental Rates
Manpower Resources
Hours of Work
Work Day
Minimum Wage (Manufacturing Sector)
Fringe Benefits
Overtime Renumeration
Night-Shift Differential Pay
Service Incentive Leave
Meal and Rest Periods
Salaries & Wages
Mandatory Employment Contribution
- 13th Month Pay
- Social Security System
- Philhealth
- Home Development & Mutual Fund
Utilities
Electricity Rates
Water Rates
Sewerage Treatment
Gas and Fuel Costs
Telecommunication Rates
Internet Service Fees
Transportation
Ocean Freight Rates
Freight Rates of Domestic Vessels for Export Cargoes
Freight Rates for Containerized Cargoes of Local Origin / Destination
Freight Rates for Containerized Cargoes for Selected Results
Mailing Rates
Courier Rates (Nationwide, Door-to-Door)
Cost of Living
Accommodation
Hotel and Lodging
Education
Domestic Help
Restaurants / Fastfoods
Public Transport
Air Transport (Business Class)
Air Transport (Economy Class)
Cost of Selected Consumer Items
Shopping in Manila
Golf Club Membership
Health Care
source: Department of Trade & Industry
