Corporate Tax Rates By Country 2021

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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%
  • Eswatini, 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 2021

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Corporate Tax Rates By Country 2021

Country Corporate Tax Rate 2021 Population
United Arab Emirates55.00%9,991,089
Suriname36.00%591,800
Dr Congo35.00%92,377,993
Sudan35.00%44,909,353
Zambia35.00%18,920,651
Malta35.00%442,784
Sint Maarten35.00%43,412
Saint Martin35.00%39,234
Brazil34.00%213,993,437
Venezuela34.00%28,704,954
Colombia33.00%51,265,844
Cameroon33.00%27,224,265
Saint Kitts And Nevis33.00%53,544
Monaco33.00%39,511
Mozambique32.00%32,163,047
Namibia32.00%2,587,344
France31.00%65,426,179
Morocco31.00%37,344,795
Gambia31.00%2,486,945
Japan30.62%126,050,804
India30.00%1,393,409,038
Pakistan30.00%225,199,937
Nigeria30.00%211,400,708
Mexico30.00%130,262,216
Ethiopia30.00%117,876,227
Philippines30.00%111,046,913
Germany30.00%83,900,473
Tanzania30.00%61,498,437
Kenya30.00%54,985,698
Uganda30.00%47,123,531
Argentina30.00%45,605,826
Angola30.00%33,933,610
Australia30.00%25,788,215
Malawi30.00%19,647,684
Senegal30.00%17,196,301
Rwanda30.00%13,276,513
Benin30.00%12,451,040
Burundi30.00%12,255,433
Papua New Guinea30.00%9,119,010
Sierra Leone30.00%8,141,343
Nicaragua30.00%6,702,385
El Salvador30.00%6,518,499
Costa Rica30.00%5,139,052
Gabon30.00%2,278,825
Solomon Islands30.00%703,996
Saint Lucia30.00%184,400
Saint Vincent And The Grenadines30.00%111,263
Peru29.50%33,359,418
Belgium29.00%11,632,326
South Africa28.00%60,041,994
Sri Lanka28.00%21,497,310
Burkina Faso28.00%21,497,096
Syria28.00%18,275,702
Greece28.00%10,370,744
New Zealand28.00%4,860,643
Grenada28.00%113,021
Eswatini27.50%1,172,362
United States27.00%332,915,073
Chile27.00%19,212,361
Dominican Republic27.00%10,953,703
Samoa27.00%200,149
Canada26.50%38,067,903
Luxembourg26.01%634,814
Algeria26.00%44,616,624
China25.00%1,444,216,107
Indonesia25.00%276,361,783
Bangladesh25.00%166,303,498
Myanmar25.00%54,806,012
South Korea25.00%51,305,186
Spain25.00%46,745,216
Ghana25.00%31,732,129
Ivory Coast25.00%27,053,629
Guatemala25.00%18,249,860
Ecuador25.00%17,888,475
Netherlands25.00%17,173,099
Zimbabwe25.00%15,092,171
Tunisia25.00%11,935,766
Bolivia25.00%11,832,940
Honduras25.00%10,062,991
Austria25.00%9,043,070
Panama25.00%4,381,579
Uruguay25.00%3,485,151
Mongolia25.00%3,329,289
Jamaica25.00%2,973,463
Trinidad And Tobago25.00%1,403,375
Djibouti25.00%1,002,187
Aruba25.00%107,204
Antigua And Barbuda25.00%98,731
Dominica25.00%72,167
Italy24.00%60,367,477
Malaysia24.00%32,776,194
Israel23.00%8,789,774
Egypt22.50%104,258,327
Turkey22.00%85,042,738
Denmark22.00%5,813,298
Norway22.00%5,465,630
Botswana22.00%2,397,241
Curacao22.00%164,798
Sweden21.40%10,160,169
Portugal21.00%10,167,925
Slovakia21.00%5,460,721
Russia20.00%145,912,025
Vietnam20.00%98,168,833
Thailand20.00%69,950,850
Afghanistan20.00%39,835,428
Saudi Arabia20.00%35,340,683
Yemen20.00%30,490,640
Madagascar20.00%28,427,328
Taiwan20.00%23,855,010
Kazakhstan20.00%18,994,962
Cambodia20.00%16,946,438
Jordan20.00%10,269,021
Azerbaijan20.00%10,223,342
Libya20.00%6,958,532
Turkmenistan20.00%6,117,924
Finland20.00%5,548,360
Armenia20.00%2,968,127
Latvia20.00%1,866,942
Estonia20.00%1,325,185
Fiji20.00%902,906
Iceland20.00%343,353
United Kingdom19.00%68,207,116
Poland19.00%37,797,005
Czech Republic19.00%10,724,555
Slovenia19.00%2,078,724
Brunei18.50%441,532
Ukraine18.00%43,466,819
Belarus18.00%9,442,862
Switzerland18.00%8,715,494
Croatia18.00%4,081,651
Lebanon17.00%6,769,146
Singapore17.00%5,896,686
Hong Kong16.50%7,552,810
Romania16.00%19,127,774
Iraq15.00%41,179,350
Serbia15.00%8,697,550
Oman15.00%5,223,375
Kuwait15.00%4,328,550
Georgia15.00%3,979,765
Albania15.00%2,872,933
Lithuania15.00%2,689,862
Mauritius15.00%1,273,433
Ireland12.50%4,982,907
Cyprus12.50%1,215,584
Liechtenstein12.50%38,250
Moldova12.00%4,024,019
Macau12.00%658,394
Paraguay10.00%7,219,638
Bulgaria10.00%6,896,663
Kyrgyzstan10.00%6,628,356
Bosnia And Herzegovina10.00%3,263,466
Qatar10.00%2,930,528
Andorra10.00%77,355
Gibraltar10.00%33,698
Hungary9.00%9,634,164
Montenegro9.00%628,053
Uzbekistan7.50%33,935,763
Barbados5.50%287,711
Bahrain0.00%1,748,296
Bahamas0.00%396,913
Vanuatu0.00%314,464
Isle Of Man0.00%85,410
Cayman Islands0.00%66,497
Bermuda0.00%62,090
Turks And Caicos Islands0.00%39,231
Anguilla0.00%15,117

Corporate Tax Rates By Country 2021