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What is the interest withholding rate between Philippines and United States?

Under the Philippines-United States tax treaty, the withholding rate on interest is 15%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 15% rate compares to a median of 10% across Philippines's 28 active treaty partners, and 10% across United States's 64 active partners.

Network Comparison

Philippines

Rank 27 of 28 active treaties (lowest rate = #1)

Lower rates with: New Zealand (15%), Singapore (15%), Thailand (15%)

Higher rates with: Vietnam (15%)

United States

Rank 58 of 64 active treaties (lowest rate = #1)

Lower rates with: Morocco (15%), Mexico (15%), Malaysia (15%)

Higher rates with: Thailand (15%), Tunisia (15%), Turkey (15%)

Sources

Data last reviewed: 2026-04-07

Important: Treaty rates require proper claim forms (e.g., IRS Form W-8BEN for U.S. treaties, HMRC DT-Individual for U.K. treaties, CRA Form NR301 for Canadian treaties) filed before payment. Limitation on Benefits (LOB) provisions may restrict eligibility. A 0% withholding rate does not mean no tax — the residence country may still tax the income. This is not tax advice.
View full Philippines-United Statestreaty details →
Guide: Interest withholding tax explained→

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