Effective Corporate Tax Rate By Country 2019

The effective corporate tax rate is defined as the average rate that corporations are taxed on their profits by the government. Tax rates vary based on the corporate laws of each nation.

To get an idea of the effective corporate tax rates around the world, we can look at data compiled by the Organisation for Economic Co-operation and Development, or OECD.

Based on data from 2017, the highest composite effective average tax rate was found in India. This nation’s rate was 44.1%. Coming in behind India was Costa Rica with a tax rate of 37.9%. In third place was Argentina with a tax rate of 35.7%.

The nations with the highest effective corporate tax rates are:

If we look at the other side of the coin, there are several nations with a low corporate tax rate. Nations without a corporate tax rate include:

There are other nations that do have a corporate tax rate but they are the lowest when compared to other nations. These countries include:

* Data is from 2018.
Country Corporate Tax Rate Population 2019
India48.32%1,366,417,754
Malta35.00%440,372
Dr Congo35.00%86,790,567
France34.43%65,129,728
Brazil34.00%211,049,527
Monaco33.33%38,964
Seychelles30.00%97,739
Senegal30.00%16,296,364
Saint Vincent And The Grenadines30.00%110,589
Portugal30.00%10,226,187
Nigeria30.00%200,963,599
Montserrat30.00%4,989
Mexico30.00%127,575,529
Kenya30.00%52,573,973
Australia30.00%25,203,198
Argentina30.00%44,780,677
Gabon30.00%2,172,579
Angola30.00%31,825,295
Peru29.50%32,510,453
Belgium29.00%11,539,328
Greece29.00%10,473,455
South Africa28.00%58,558,270
New Zealand28.00%4,783,063
Burkina Faso27.50%20,321,378
Uruguay25.00%3,461,734
Spain25.00%46,736,776
Panama25.00%4,246,439
Netherlands25.00%17,097,130
Barbados25.00%287,025
Liberia25.00%4,937,374
South Korea25.00%51,225,308
Austria25.00%8,955,102
Jamaica25.00%2,948,279
Ivory Coast25.00%25,716,544
Indonesia25.00%270,625,568
China25.00%1,433,783,686
Chile25.00%18,952,038
Malaysia24.00%31,949,777
Italy24.00%60,550,075
Japan23.20%126,860,301
Norway23.00%5,378,857
Israel23.00%8,519,377
Egypt22.50%100,388,073
Turkey22.00%83,429,615
Sweden22.00%10,036,379
Botswana22.00%2,303,697
Denmark22.00%5,771,876
United States21.00%329,064,917
Slovakia21.00%5,457,013
Thailand20.00%69,625,582
Vietnam20.00%96,462,106
Russia20.00%145,872,256
Latvia20.00%1,906,743
Iceland20.00%339,031
Finland20.00%5,532,156
Estonia20.00%1,325,648
Luxembourg19.26%615,729
United Kingdom19.00%67,530,172
Slovenia19.00%2,078,654
Poland19.00%37,887,768
Czech Republic19.00%10,689,209
Brunei18.50%433,285
Croatia18.00%4,130,304
Singapore17.00%5,804,337
Hong Kong16.50%7,436,154
Romania16.00%19,364,557
Germany15.82%83,517,045
Serbia15.00%8,772,235
Oman15.00%4,974,986
Mauritius15.00%1,269,668
Maldives15.00%530,953
Lithuania15.00%2,759,627
Canada15.00%37,411,047
Liechtenstein12.50%38,019
Ireland12.50%4,882,495
Macau12.00%640,445
Paraguay10.00%7,044,636
Andorra10.00%77,142
Bulgaria10.00%7,000,119
Hungary9.00%9,684,679
Switzerland8.50%8,591,365
British Virgin Islands0.00%30,030
Isle Of Man0.00%84,584
Turks And Caicos Islands0.00%38,191
United Arab Emirates0.00%9,770,529
Saudi Arabia0.00%34,268,528
Anguilla0.00%14,869
Bermuda0.00%62,506
Bahrain0.00%1,641,172
Bahamas0.00%389,482
Cayman Islands0.00%64,948