Corporate Tax Rate by Country 2023

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Table

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Interactive Map Introduction Corporate Tax Rate by Country Afghanistan Åland Islands Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Australia Austria Azerbaijan Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bosnia and Herzegovina Botswana Brazil British Virgin Islands Brunei Bulgaria Burkina Faso Burundi Cambodia Cameroon Canada Cayman Islands Central African Republic Chad Chile Colombia Comoros Costa Rica Croatia Cuba Curaçao Cyprus Czech Republic Democratic Republic of the Congo Denmark Djibouti Dominica Dominican Republic East Timor Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Eswatini Ethiopia Faroe Islands Federated States of Micronesia Fiji Finland France Gabon Georgia Germany Ghana Greece Grenada Guam Guatemala Guernsey Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libya Liechtenstein Lithuania Luxembourg Macau Madagascar Malawi Malaysia Maldives Mali Malta Mauritania Mauritius Mexico Moldova Monaco Mongolia Montenegro Montserrat Morocco Mozambique Myanmar Namibia Nauru Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Northern Mariana Islands Norway Oman Pakistan Palestine Panama Papua New Guinea Paraguay People's Republic of China Peru Philippines Poland Portugal Puerto Rico Qatar Republic of Macedonia Republic of the Congo Romania Russia Rwanda Saint Helena Saint Kitts and Nevis Saint Lucia Saint Martin Saint Vincent and the Grenadines Saint-Barthélemy San Marino São Tomé and Príncipe Saudi Arabia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon Islands South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand The Bahamas The Gambia Togo Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States of America United States Virgin Islands Uruguay Uzbekistan Vanuatu Venezuela Vietnam Yemen Zambia Zimbabwe

Introduction

A corporation is usually a single business entity that is created by a group of individuals and shareholders in order to make a profit through the sale of some good. Because corporations are seen as unique entities for legal purposes, they are required to pay a tax rate that is determined by the nation they exist within. This tax rate is a percentage of their revenue or earned income.

A few examples of modern corporations are Apple, Walmart Inc., Microsoft Corporation, and Tesla Inc. Each of these corporations is required to pay a corporate tax rate on their profits. This tax rate and the laws that restrict the maximum rate at which a corporate entity can be taxed range dramatically from country to country.

Taxes are a portion of earned income that is measured in a percentage, which countries collect as payment for the vast benefits that companies accrue from doing business within their borders, much in the same way that individual citizens must pay taxes. Corporate taxes are particularly important within developing countries, as the state can then use that money to fund various projects such as infrastructure developments, medical care, law enforcement, and much more.

Learn more about corporate tax rates by country by exploring the charts.

#	Country	Corporate Tax Rate	Tax Burden	Income Tax Status
1	Comoros	50%	17.4%	No
2	Puerto Rico	37.5%		No
3	Suriname	36%	15.5%	No
4	Argentina	35%	28.6%	No
5	Chad	35%	13.3%	No
6	Cuba	35%	42%	No
7	Equatorial Guinea	35%	6.3%	No
8	Guinea	35%	15.6%	No
9	Malta	35%	25.5%	No
10	Saint Martin	35%		No
11	Sint Maarten	35%		No
12	Sudan	35%	7.8%	No
13	Zambia	35%	16.7%	No
14	Brazil	34%	33.1%	No
15	Venezuela	34%	16.7%	No
16	Cameroon	33%	14.6%	No
17	Saint Kitts and Nevis	33%		Yes
18	Seychelles	33%	32.4%	No
19	Bangladesh	32.5%	7.69%	No
20	Mozambique	32%	27.1%	No
21	Namibia	32%	19.4%	No
22	Portugal	31.5%	34.84%	No
23	Colombia	31%	19.68%	No
24	Morocco	31%	27.8%	No
25	Australia	30%	28.68%	No
26	Benin	30%	15.4%	No
27	Burundi	30%	12.9%	No
28	Central African Republic	30%	8.6%	No
29	Costa Rica	30%	23.6%	No
30	Democratic Republic of the Congo	30%	7.5%	No
31	El Salvador	30%	20.8%	No
32	Eritrea	30%	30.5%	No
33	Ethiopia	30%	6.7%	No
34	Federated States of Micronesia	30%	37.26%	No
35	Gabon	30%	11.5%	No
36	Haiti	30%	7.4%	No
37	India	30%	6.81%	No
38	Kenya	30%	17.4%	No
39	Malawi	30%	18.3%	No
40	Mali	30%	14.1%	No
41	Mexico	30%	16.47%	No
42	Montserrat	30%		No
43	New Caledonia	30%		No
44	Nicaragua	30%	25.9%	No
45	Niger	30%	11.1%	No
46	Nigeria	30%	6.3%	No
47	Papua New Guinea	30%	11.82%	No
48	Philippines	30%	14%	No
49	Rwanda	30%	17.1%	No
50	Saint Lucia	30%	21.1%	No
51	Saint Vincent and the Grenadines	30%	25.4%	No
52	Senegal	30%	16.5%	No
53	Sierra Leone	30%	14.4%	No
54	Solomon Islands	30%	21.16%	No
55	Tanzania	30%	11.7%	No
56	Trinidad and Tobago	30%	23.7%	No
57	Uganda	30%	11.8%	No
58	Germany	29.9%	38.81%	No
59	Japan	29.74%	32.03%	No
60	Peru	29.5%	16.6%	No
61	Pakistan	29%	11.38%	No
62	France	28.41%	45.4%	No
63	Burkina Faso	28%	16.8%	No
64	Grenada	28%		No
65	New Zealand	28%	32.31%	No
66	Republic of the Congo	28%	8.5%	No
67	South Africa	28%	29.1%	No
68	Syria	28%		No
69	Italy	27.81%	42.45%	No
70	South Korea	27.5%	27.4%	No
71	Eswatini	27.5%	17.2%	No
72	Dominican Republic	27%	13.5%	No
73	The Gambia	27%	10.8%	No
74	Togo	27%	19.4%	No
75	Monaco	26.5%		Yes
76	Canada	26.47%	33.45%	No
77	Algeria	26%	37.2%	No
78	United States of America	25.75%	24.47%	No
79	Angola	25%	9.4%	No
80	Antigua and Barbuda	25%		No
81	Aruba	25%		No
82	Austria	25%	42.44%	No
83	Belgium	25%	42.92%	No
84	Belize	25%	32.4%	No
85	Bhutan	25%	15.4%	No
86	Bolivia	25%	24.7%	No
87	Djibouti	25%	21.8%	No
88	Dominica	25%	31.5%	No
89	Ecuador	25%	20.1%	No
90	Ghana	25%	14.1%	No
91	Guatemala	25%	13.1%	No
92	Guinea-Bissau	25%	9.5%	No
93	Guyana	25%	23.2%	No
94	Honduras	25%	21.9%	No
95	Iran	25%	8.4%	No
96	Ivory Coast	25%	13.1%	No
97	Jamaica	25%	28.6%	No
98	Lesotho	25%	20.2%	No
99	Liberia	25%	12%	No
100	Mauritania	25%	16%	No
101	Mongolia	25%	18.71%	No
102	Myanmar	25%		No
103	Nauru	25%		Yes
104	Nepal	25%	22.07%	No
105	Netherlands	25%	39.33%	No
106	Panama	25%	14.1%	No
107	People's Republic of China	25%	15.19%	No
108	Saint Helena	25%		No
109	South Sudan	25%		No
110	Spain	25%	34.65%	No
111	São Tomé and Príncipe	25%	12.5%	No
112	Uruguay	25%	29%	No
113	Luxembourg	24.94%	39.22%	No
114	Zimbabwe	24.72%	12.6%	No
115	Greece	24%	38.71%	No
116	Malaysia	24%	11.95%	No
117	Sri Lanka	24%	8.12%	No
118	United States Virgin Islands	23.1%		No
119	Israel	23%	30.47%	No
120	Tajikistan	23%	9%	No
121	Egypt	22.5%	16.7%	No
122	Botswana	22%	12.1%	No
123	Curaçao	22%		No
124	Denmark	22%	46.34%	No
125	Indonesia	22%	9.47%	No
126	Norway	22%	39.93%	No
127	Guam	21%		No
128	Northern Mariana Islands	21%		No
129	Slovakia	21%	34.74%	No
130	Sweden	20.6%	42.91%	No
131	Afghanistan	20%	7.47%	No
132	Azerbaijan	20%	14.34%	No
133	Cambodia	20%	18.23%	No
134	Estonia	20%	33.07%	No
135	Fiji	20%	22.7%	No
136	Finland	20%	42.19%	No
137	Iceland	20%	36.08%	No
138	Jordan	20%	14.8%	No
139	Kazakhstan	20%	15.07%	No
140	Laos	20%	11.44%	No
141	Latvia	20%	31.2%	No
142	Libya	20%		No
143	Madagascar	20%	11.4%	No
144	Russia	20%	11%	No
145	Saudi Arabia	20%	7.4%	Yes
146	Taiwan	20%		No
147	Thailand	20%	15.8%	No
148	Turkey	20%	23.08%	No
149	Vietnam	20%	16.9%	No
150	Yemen	20%		No
151	Åland Islands	20%		No
152	Switzerland	19.7%	28.53%	No
153	Czech Republic	19%	34.93%	No
154	Poland	19%	35.38%	No
155	Slovenia	19%	37.65%	No
156	United Kingdom	19%	32.7%	No
157	Brunei	18.5%	23.96%	Yes
158	Armenia	18%	22.51%	No
159	Belarus	18%	13.3%	No
160	Croatia	18%	22.2%	No
161	Faroe Islands	18%		No
162	Ukraine	18%	19.2%	No
163	Lebanon	17%	15.3%	No
164	San Marino	17%		No
165	Singapore	17%	13.2%	No
166	Hong Kong	16.5%		No
167	Romania	16%	14.6%	No
168	Albania	15%	18.3%	No
169	Chile	15%	20.66%	No
170	Georgia	15%	22.22%	No
171	Iraq	15%	1.4%	No
172	Kuwait	15%	1.4%	Yes
173	Lithuania	15%	30.34%	No
174	Maldives	15%	17.49%	Yes
175	Mauritius	15%	20.4%	No
176	Oman	15%	2.6%	Yes
177	Palestine	15%		No
178	Serbia	15%	24.1%	No
179	Tunisia	15%	32.1%	No
180	Cyprus	12.5%	24.2%	No
181	Ireland	12.5%	22.66%	No
182	Liechtenstein	12.5%		No
183	Macau	12%		No
184	Moldova	12%	17.3%	No
185	Andorra	10%		No
186	Bosnia and Herzegovina	10%	20.1%	No
187	Bulgaria	10%	20.3%	No
188	East Timor	10%	6.32%	No
189	Kyrgyzstan	10%	17.87%	No
190	Paraguay	10%	13.9%	No
191	Qatar	10%	14.7%	Yes
192	Republic of Macedonia	10%	17.2%	No
193	Hungary	9%	35.77%	No
194	Montenegro	9%	38.1%	No
195	Turkmenistan	8%	15.56%	No
196	Uzbekistan	7.5%	19.56%	No
197	Barbados	5.5%	33.1%	No
198	Anguilla	0%		Yes
199	Bahrain	0%	3.02%	Yes
200	Bermuda	0%		Yes
201	British Virgin Islands	0%		Yes
202	Cayman Islands	0%		Yes
203	Guernsey	0%		No
204	Isle of Man	0%		No
205	Jersey	0%		No
206	Saint-Barthélemy	0%		Yes
207	The Bahamas	0%	18.7%	Yes
208	Turks and Caicos Islands	0%		Yes
209	United Arab Emirates	0%	1%	Yes
210	Vanuatu	0%	17.84%	Yes

Corporate Tax Rate by Country

Afghanistan

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Corporate Tax Rate

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20%

Ranked in the World

#131

Tax Burden

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7.47%

Ranked in the World

#160