Corporate Tax Rates By Country 2020

Corporate tax is a federal policy that you are likely to run into no matter where on Earth you go. At its core, corporate tax refers to a percentage-dependent tax placed on businesses and predetermined by the specific jurisdiction. Essentially, corporate taxes are directly applied to companies and corporations that make a profit.

The corporate tax rates vary from place to place around the world. There is not a global rule that controls the corporate tax rates from one country to the next, but rather, the tax rates are based on the local, federal, and national governments of each country.

Corporate Tax Rates in 2019

In 2019, the United Arab Emirates held onto its running record of being the country with the highest corporate tax rate. The UAE continues to have a 40% corporate tax rate this year. The country with the lowest corporate tax rate in 2019 is actually a tie between…

Interestingly enough, Vanuatu’s corporate tax rate dropped from 34% in 2017 to 0% in 2019.

Corporate Tax Rates in 2017 for Comparison

In 2017, the United Arab Emirates was the country with the highest corporate tax rate across the globe. With a corporate tax of 40%, the country’s tax rate remained steady between 2017 and 2019. The country with the lowest tax rate in 2017 was a tie between…

  • The Bahamas
  • Bahrain

Both of these countries had a corporate tax of 0% in 2017.

  • Afghanistan 20%
  • Albania 15%
  • Algeria 26%
  • Andorra 10%
  • Angola 30%
  • Antigua and Barbuda 25%
  • Argentina 35%
  • Armenia 20%
  • Australia 30%
  • Austria 25%
  • Azerbaijan 20%
  • Bahamas 0%
  • Bahrain 0%
  • Bangladesh 25%
  • Barbados 25%
  • Belarus 18%
  • Belgium 34%
  • Benin 30%
  • Bolivia 25%
  • Bosnia and Herzegovina 10%
  • Botswana 22%
  • Brazil 34%
  • Brunei 18.5%
  • Bulgaria 10%
  • Burkina Faso 27.5%
  • Burundi 30%
  • Cambodia 20%
  • Cameroon 33%
  • Canada 26.5%
  • Chile 25.5%
  • China 25%
  • Colombia 34%
  • The Congo, or the Democratic Republic of the Congo 35%
  • Costa Rica 30%
  • Côte d'Ivoire 25%
  • Croatia 20%
  • Cyprus 12.5%
  • Czech Republic 19%
  • Denmark 22%
  • Djibouti 25%
  • Dominica 25%
  • The Dominican Republic 27%
  • Ecuador 22%
  • Egypt 22.5%
  • El Salvador 30%
  • Estonia, or Swaziland 20%
  • Ethiopia 30%
  • Fiji 20%
  • Finland 20%
  • France 33.33%
  • Gabon 30%
  • Gambia 31%
  • Georgia 15%
  • Germany 29.79%
  • Ghana 25%
  • Greece 29%
  • Grenada 30%
  • Guatemala 25%
  • Honduras 25%
  • Hungary 9%
  • Iceland 20%
  • India 34.61%
  • Indonesia 25%
  • Iraq 15%
  • Ireland 12.5%
  • Israel 24%
  • Italy 24%
  • Jamaica 25%
  • Japan 30.86%
  • Jordan 20%
  • Kazakhstan 20%
  • Kenya 30%
  • Latvia 15%
  • Lebanon 15%
  • Libya 20%
  • Liechtenstein 12.50%
  • Lithuania 15%
  • Luxembourg 27.08%
  • Madagascar 20%
  • Malawi 30%
  • Malaysia 24%
  • Malaysia 24 %
  • Mauritius 15%
  • Mexico 30%
  • Moldova 12%
  • Monaco 33.33%
  • Mongolia 25%
  • Montenegro 9%
  • Morocco 31%
  • Mozambique 32%
  • Myanmar, or Burma 25%
  • Namibia 32%
  • The Netherlands 25%
  • New Zealand 28%
  • Nicaragua 30%
  • Nigeria 30%
  • Norway 24%
  • Oman 15%
  • Pakistan 31%
  • Palestine 15%
  • Panama 25%
  • Papua New Guinea 30%
  • Paraguay 10%
  • Peru 29.5%
  • The Philippines 30%
  • Poland 19%
  • Portugal 21%
  • Qatar 10%
  • Romania 16%
  • Russia 20%
  • Rwanda 30%
  • Saint Kitts and Nevis 33%
  • Saint Lucia 30%
  • Saint Vincent and the Grenadines 32.5%
  • Samoa 27%
  • Saudi Arabia 20%
  • Senegal 30%
  • Serbia 15%
  • Sierra Leone 30%
  • Singapore 17%
  • Slovakia 21%
  • Slovenia 19%
  • The Solomon Islands 30%
  • South Africa 28%
  • Spain 25%
  • Sri Lanka 28%
  • Sudan 35%
  • Suriname 36%
  • Sweden 22%
  • Switzerland 17.77%
  • Syria 28%
  • Taiwan 17%
  • Tanzania 30%
  • Thailand 20%
  • Trinidad and Tobago 25%
  • Tunisia 25%
  • Turkey 20%
  • Turkmenistan 20%
  • Uganda 30%
  • Ukraine 18%
  • The United Arab Emirates 55%
  • The United Kingdom 19%
  • The United States of America 40%
  • Uruguay 25%
  • Uzbekistan 7.5%
  • Vanuatu 34%
  • Venezuela 34%
  • Vietnam 20%
  • Yemen 20%
  • Zambia 35%
  • Zimbabwe 25% .

Corporate Tax Rates By Country 2020

Country Corporate Tax Rate Population 2020
United Arab Emirates55.00%9,890,402
Suriname36.00%586,632
Saint Martin35.00%38,666
Sint Maarten35.00%42,876
Malta35.00%441,543
Zambia35.00%18,383,955
Sudan35.00%43,849,260
Dr Congo35.00%89,561,403
Venezuela34.00%28,435,940
Brazil34.00%212,559,417
Monaco33.00%39,242
Saint Kitts And Nevis33.00%53,199
Cameroon33.00%26,545,863
Colombia33.00%50,882,891
Namibia32.00%2,540,905
Mozambique32.00%31,255,435
Gambia31.00%2,416,668
Morocco31.00%36,910,560
France31.00%65,273,511
Japan30.62%126,476,461
Saint Vincent And The Grenadines30.00%110,940
Saint Lucia30.00%183,627
Solomon Islands30.00%686,884
Gabon30.00%2,225,734
Costa Rica30.00%5,094,118
El Salvador30.00%6,486,205
Nicaragua30.00%6,624,554
Sierra Leone30.00%7,976,983
Papua New Guinea30.00%8,947,024
Burundi30.00%11,890,784
Benin30.00%12,123,200
Rwanda30.00%12,952,218
Senegal30.00%16,743,927
Malawi30.00%19,129,952
Australia30.00%25,499,884
Angola30.00%32,866,272
Argentina30.00%45,195,774
Uganda30.00%45,741,007
Kenya30.00%53,771,296
Tanzania30.00%59,734,218
Germany30.00%83,783,942
Philippines30.00%109,581,078
Ethiopia30.00%114,963,588
Mexico30.00%128,932,753
Nigeria30.00%206,139,589
Pakistan30.00%220,892,340
India30.00%1,380,004,385
Peru29.50%32,971,854
Belgium29.00%11,589,623
Grenada28.00%112,523
New Zealand28.00%4,822,233
Greece28.00%10,423,054
Syria28.00%17,500,658
Burkina Faso28.00%20,903,273
Sri Lanka28.00%21,413,249
South Africa28.00%59,308,690
Swaziland27.50%1,160,164
Samoa27.00%198,414
Dominican Republic27.00%10,847,910
Chile27.00%19,116,201
United States27.00%331,002,651
Canada26.50%37,742,154
Luxembourg26.01%625,978
Algeria26.00%43,851,044
Dominica25.00%71,986
Antigua And Barbuda25.00%97,929
Aruba25.00%106,766
Djibouti25.00%988,000
Trinidad And Tobago25.00%1,399,488
Jamaica25.00%2,961,167
Mongolia25.00%3,278,290
Uruguay25.00%3,473,730
Panama25.00%4,314,767
Austria25.00%9,006,398
Honduras25.00%9,904,607
Bolivia25.00%11,673,021
Tunisia25.00%11,818,619
Zimbabwe25.00%14,862,924
Netherlands25.00%17,134,872
Ecuador25.00%17,643,054
Guatemala25.00%17,915,568
Ivory Coast25.00%26,378,274
Ghana25.00%31,072,940
Spain25.00%46,754,778
South Korea25.00%51,269,185
Myanmar25.00%54,409,800
Bangladesh25.00%164,689,383
Indonesia25.00%273,523,615
China25.00%1,439,323,776
Malaysia24.00%32,365,999
Italy24.00%60,461,826
Israel23.00%8,655,535
Egypt22.50%102,334,404
Curacao22.00%164,093
Botswana22.00%2,351,627
Norway22.00%5,421,241
Denmark22.00%5,792,202
Turkey22.00%84,339,067
Sweden21.40%10,099,265
Slovakia21.00%5,459,642
Portugal21.00%10,196,709
Iceland20.00%341,243
Fiji20.00%896,445
Estonia20.00%1,326,535
Latvia20.00%1,886,198
Armenia20.00%2,963,243
Finland20.00%5,540,720
Turkmenistan20.00%6,031,200
Libya20.00%6,871,292
Azerbaijan20.00%10,139,177
Jordan20.00%10,203,134
Cambodia20.00%16,718,965
Kazakhstan20.00%18,776,707
Taiwan20.00%23,816,775
Madagascar20.00%27,691,018
Yemen20.00%29,825,964
Saudi Arabia20.00%34,813,871
Afghanistan20.00%38,928,346
Thailand20.00%69,799,978
Vietnam20.00%97,338,579
Russia20.00%145,934,462
Slovenia19.00%2,078,938
Czech Republic19.00%10,708,981
Poland19.00%37,846,611
United Kingdom19.00%67,886,011
Brunei18.50%437,479
Croatia18.00%4,105,267
Switzerland18.00%8,654,622
Belarus18.00%9,449,323
Ukraine18.00%43,733,762
Singapore17.00%5,850,342
Lebanon17.00%6,825,445
Hong Kong16.50%7,496,981
Romania16.00%19,237,691
Mauritius15.00%1,271,768
Lithuania15.00%2,722,289
Albania15.00%2,877,797
Georgia15.00%3,989,167
Kuwait15.00%4,270,571
Oman15.00%5,106,626
Serbia15.00%8,737,371
Iraq15.00%40,222,493
Liechtenstein12.50%38,128
Cyprus12.50%1,207,359
Ireland12.50%4,937,786
Macau12.00%649,335
Moldova12.00%4,033,963
Gibraltar10.00%33,691
Andorra10.00%77,265
Macedonia10.00%2,083,374
Qatar10.00%2,881,053
Bosnia And Herzegovina10.00%3,280,819
Kyrgyzstan10.00%6,524,195
Bulgaria10.00%6,948,445
Paraguay10.00%7,132,538
Montenegro9.00%628,066
Hungary9.00%9,660,351
Uzbekistan7.50%33,469,203
Barbados5.50%287,375
Anguilla0.00%15,003
Turks And Caicos Islands0.00%38,717
Bermuda0.00%62,278
Cayman Islands0.00%65,722
Isle Of Man0.00%85,033
Vanuatu0.00%307,145
Bahamas0.00%393,244
Bahrain0.00%1,701,575