Effective Corporate Tax Rate By Country 2020

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