Corporate Tax Rates by Country 2025

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; rather, the tax rates are based on each country’s local, federal, and national governments.

Corporate Tax Rates in 2025

As of 2025, corporate tax rates continue to vary widely around the world, reflecting each country’s economic priorities and fiscal policy choices. Comoros currently has the highest statutory corporate income tax rate globally at 50%, followed by Puerto Rico at 37.5%. Other countries with comparatively high rates include Colombia, Sudan, and Argentina, all at 35%.

On the lower end of the spectrum, the United Arab Emirates, Turkmenistan, Hungary, and Barbados have some of the lowest corporate tax rates among jurisdictions that levy such a tax, with rates below 10%. Although many countries have gradually reduced corporate tax rates over the past decade to promote investment and economic competitiveness, global reforms such as the OECD’s minimum tax framework may influence future changes as nations balance growth goals with revenue needs going forward.

As of 2025, around a dozen jurisdictions impose no general corporate income tax. These include Anguilla, Bahamas, Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Isle of Man, Jersey, Saint Barthélemy, Turks and Caicos, Vanuatu, Wallis and Futuna, and Qatar’s Free Zones. (Bahrain and a few others apply corporate tax only to certain sectors.)