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:

Effective Corporate Tax Rate By Country 2020

* Data is from 2018.
Country Corporate Tax Rate Population 2020
Cayman Islands0.00%65,722
Bahamas0.00%393,244
Bahrain0.00%1,701,575
Bermuda0.00%62,278
Anguilla0.00%15,003
Saudi Arabia0.00%34,813,871
United Arab Emirates0.00%9,890,402
Turks And Caicos Islands0.00%38,717
Isle Of Man0.00%85,033
British Virgin Islands0.00%30,231
Switzerland8.50%8,654,622
Hungary9.00%9,660,351
Bulgaria10.00%6,948,445
Andorra10.00%77,265
Paraguay10.00%7,132,538
Macau12.00%649,335
Ireland12.50%4,937,786
Liechtenstein12.50%38,128
Canada15.00%37,742,154
Lithuania15.00%2,722,289
Maldives15.00%540,544
Mauritius15.00%1,271,768
Oman15.00%5,106,626
Serbia15.00%8,737,371
Germany15.82%83,783,942
Romania16.00%19,237,691
Hong Kong16.50%7,496,981
Singapore17.00%5,850,342
Croatia18.00%4,105,267
Brunei18.50%437,479
Czech Republic19.00%10,708,981
Poland19.00%37,846,611
Slovenia19.00%2,078,938
United Kingdom19.00%67,886,011
Luxembourg19.26%625,978
Estonia20.00%1,326,535
Finland20.00%5,540,720
Iceland20.00%341,243
Latvia20.00%1,886,198
Russia20.00%145,934,462
Vietnam20.00%97,338,579
Thailand20.00%69,799,978
Slovakia21.00%5,459,642
United States21.00%331,002,651
Denmark22.00%5,792,202
Botswana22.00%2,351,627
Sweden22.00%10,099,265
Turkey22.00%84,339,067
Egypt22.50%102,334,404
Israel23.00%8,655,535
Norway23.00%5,421,241
Japan23.20%126,476,461
Italy24.00%60,461,826
Malaysia24.00%32,365,999
Chile25.00%19,116,201
China25.00%1,439,323,776
Indonesia25.00%273,523,615
Ivory Coast25.00%26,378,274
Jamaica25.00%2,961,167
Austria25.00%9,006,398
South Korea25.00%51,269,185
Liberia25.00%5,057,681
Barbados25.00%287,375
Netherlands25.00%17,134,872
Panama25.00%4,314,767
Spain25.00%46,754,778
Uruguay25.00%3,473,730
Burkina Faso27.50%20,903,273
New Zealand28.00%4,822,233
South Africa28.00%59,308,690
Greece29.00%10,423,054
Belgium29.00%11,589,623
Peru29.50%32,971,854
Angola30.00%32,866,272
Gabon30.00%2,225,734
Argentina30.00%45,195,774
Australia30.00%25,499,884
Kenya30.00%53,771,296
Mexico30.00%128,932,753
Montserrat30.00%4,992
Nigeria30.00%206,139,589
Portugal30.00%10,196,709
Saint Vincent And The Grenadines30.00%110,940
Senegal30.00%16,743,927
Seychelles30.00%98,347
Monaco33.33%39,242
Brazil34.00%212,559,417
France34.43%65,273,511
Dr Congo35.00%89,561,403
Malta35.00%441,543
India48.32%1,380,004,385