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:

Rank Flag Name Population 2019 Area Area (mi²) % of Earth's Area Growth Rate Region Subregion
1India1,366,417,7543,287,590 km²1,269,010 mi²2.21%1.02%AsiaSouthern Asia
2United States329,064,9179,372,610 km²3,617,827 mi²6.31%0.60%AmericasNorthern America
3Brazil211,049,5278,515,767 km²3,287,086 mi²5.74%0.75%AmericasSouth America
4Mexico127,575,5291,964,375 km²758,249 mi²1.32%1.10%AmericasCentral America
5Japan126,860,301377,930 km²145,881 mi²0.25%-0.27%AsiaEastern Asia
6Germany83,517,045357,114 km²137,846 mi²0.24%0.47%EuropeWestern Europe
7France65,129,728551,695 km²212,954 mi²0.37%0.21%EuropeWestern Europe
8South Africa58,558,2701,221,037 km²471,320 mi²0.82%1.33%AfricaSouthern Africa
9Kenya52,573,973580,367 km²224,022 mi²0.39%2.30%AfricaEastern Africa
10Argentina44,780,6772,780,400 km²1,073,234 mi²1.87%0.95%AmericasSouth America
11Peru32,510,4531,285,216 km²496,093 mi²0.87%1.63%AmericasSouth America
12Australia25,203,1987,692,024 km²2,969,121 mi²5.18%1.23%OceaniaAustralia and New Zealand
13Chile18,952,038756,102 km²291,855 mi²0.51%1.19%AmericasSouth America
14Senegal16,296,364196,722 km²75,935 mi²0.13%2.79%AfricaWestern Africa
15Belgium11,539,32830,528 km²11,784 mi²< 0.1%0.50%EuropeWestern Europe
16Greece10,473,455131,990 km²50,948 mi²< 0.1%-0.46%EuropeSouthern Europe
17Portugal10,226,18792,090 km²35,547 mi²< 0.1%-0.29%EuropeSouthern Europe
18Papua New Guinea8,776,109462,840 km²178,656 mi²0.31%1.97%OceaniaMelanesia
19Costa Rica5,047,56151,100 km²19,725 mi²< 0.1%0.96%AmericasCentral America
20New Zealand4,783,063270,467 km²104,400 mi²0.18%0.84%OceaniaAustralia and New Zealand
21Botswana2,303,697582,000 km²224,652 mi²0.39%2.20%AfricaSouthern Africa
22Malta440,372316 km²122 mi²< 0.1%0.26%EuropeSouthern Europe
23Seychelles97,739452 km²174 mi²< 0.1%0.66%AfricaEastern Africa
24Montserrat4,989102 km²39 mi²< 0.1%-0.08%AmericasCaribbean