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

Corporate Tax Rates in 2021

In 2021, 20 countries changed their statutory corporate income tax rates. Three countries increased their corporate tax rates: Bangladesh, Argentina, and Gibraltar. Bangladesh raised its rate from 25% to 32.5%; Argentina's from 30% to 35%, and Gilbratar's from 10% to 12.5%. Seventeen countries decreased their corporate tax rates: Sweden, Colombia, Switzerland, Monaco, Congo, Turkey, Indonesia, France, Gambia, Lao People's Democratic Republic, Sri Lanka, Angola, the Democratic Republic of the Congo, Bhutan, Kiribati, Tunisia, and Chile. These countries decreased their rates from just under 1% in Sweden to a 15% reduction in Chile.

Comoros has the highest corporate tax rate globally of 50%. Puerto Rico follows at 37.5%, and Suriname at 36%. Excluding jurisdictions with corporate tax rates of 0%, the countries with the lowest corporate tax rates are Barbados at 5.5%, Uzbekistan at 7.5%, and Turkmenistan at 8%. Fifteen countries do not have a general corporate income tax. Those countries are Anguilla, the Bahamas, Bahrain, Bermuda, the British Virgin Islands, the Cayman Islands, Guernsey, Isle of Man, Jersey, Saint Barthelemy, Turks and Caicos, the United Arab Emirates, Vanuatu, and Wallis and Futuna Islands.

Corporate Tax Rates by Country 2021

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Corporate Tax Rates by Country 2021

Country Corporate Tax Rate 2021 Population
Comoros50.00%888,451
Puerto Rico37.00%2,828,255
Suriname36.00%591,800
Saint Martin35.00%39,234
Sint Maarten35.00%43,412
Malta35.00%442,784
Equatorial Guinea35.00%1,449,896
Cuba35.00%11,317,505
Guinea35.00%13,497,244
Chad35.00%16,914,985
Zambia35.00%18,920,651
Sudan35.00%44,909,353
Argentina35.00%45,605,826
American Samoa34.00%55,100
Venezuela34.00%28,704,954
Brazil34.00%213,993,437
Saint Kitts And Nevis33.00%53,544
Seychelles33.00%98,908
Cameroon33.00%27,224,265
Namibia32.00%2,587,344
Mozambique32.00%32,163,047
Bangladesh32.00%166,303,498
Portugal31.00%10,167,925
Morocco31.00%37,344,795
Colombia31.00%51,265,844
Niue30.00%1,619
Montserrat30.00%4,977
Saint Vincent And the Grenadines30.00%111,263
Micronesia30.00%116,254
Kiribati30.00%121,392
Saint Lucia30.00%184,400
New Caledonia30.00%288,218
Solomon Islands30.00%703,996
Trinidad And Tobago30.00%1,403,375
Gabon30.00%2,278,825
Eritrea30.00%3,601,467
Central African Republic30.00%4,919,981
Costa Rica30.00%5,139,052
El Salvador30.00%6,518,499
Nicaragua30.00%6,702,385
Sierra Leone30.00%8,141,343
Papua New Guinea30.00%9,119,010
Haiti30.00%11,541,685
Burundi30.00%12,255,433
Benin30.00%12,451,040
Rwanda30.00%13,276,513
Senegal30.00%17,196,301
Malawi30.00%19,647,684
Mali30.00%20,855,735
Niger30.00%25,130,817
Australia30.00%25,788,215
Uganda30.00%47,123,531
Kenya30.00%54,985,698
Tanzania30.00%61,498,437
DR Congo30.00%92,377,993
Philippines30.00%111,046,913
Ethiopia30.00%117,876,227
Mexico30.00%130,262,216
Nigeria30.00%211,400,708
India30.00%1,393,409,038
Peru29.00%33,359,418
Germany29.00%83,900,473
Japan29.00%126,050,804
Pakistan29.00%225,199,937
Grenada28.00%113,021
New Zealand28.00%4,860,643
Republic of the Congo28.00%5,657,013
Syria28.00%18,275,702
Burkina Faso28.00%21,497,096
South Africa28.00%60,041,994
France28.00%65,426,179
Samoa27.00%200,149
Gambia27.00%2,486,945
Togo27.00%8,478,250
Dominican Republic27.00%10,953,703
South Korea27.00%51,305,186
Italy27.00%60,367,477
Falkland Islands26.00%3,533
Monaco26.00%39,511
Greenland26.00%56,877
Canada26.00%38,067,903
Algeria26.00%44,616,624
Nauru25.00%10,876
Dominica25.00%72,167
Antigua And Barbuda25.00%98,731
Tonga25.00%106,760
Aruba25.00%107,204
Sao Tome And Principe25.00%223,368
French Polynesia25.00%282,530
Belize25.00%404,914
Bhutan25.00%779,898
Guyana25.00%790,326
Djibouti25.00%1,002,187
Guinea Bissau25.00%2,015,494
Lesotho25.00%2,159,079
Jamaica25.00%2,973,463
Mongolia25.00%3,329,289
Uruguay25.00%3,485,151
Panama25.00%4,381,579
Mauritania25.00%4,775,119
Liberia25.00%5,180,203
Austria25.00%9,043,070
Honduras25.00%10,062,991
South Sudan25.00%11,381,378
Belgium25.00%11,632,326
Bolivia25.00%11,832,940
Netherlands25.00%17,173,099
Ecuador25.00%17,888,475
Guatemala25.00%18,249,860
Ivory Coast25.00%27,053,629
Nepal25.00%29,674,920
Ghana25.00%31,732,129
Angola25.00%33,933,610
Spain25.00%46,745,216
Myanmar25.00%54,806,012
Iran25.00%85,028,759
United States25.00%332,915,073
China25.00%1,444,216,107
Luxembourg24.00%634,814
Greece24.00%10,370,744
Zimbabwe24.00%15,092,171
Sri Lanka24.00%21,497,310
Malaysia24.00%32,776,194
United States Virgin Islands23.00%104,226
Israel23.00%8,789,774
Tajikistan23.00%9,749,627
Curacao22.00%164,798
Botswana22.00%2,397,241
Norway22.00%5,465,630
Denmark22.00%5,813,298
Egypt22.00%104,258,327
Indonesia22.00%276,361,783
Northern Mariana Islands21.00%57,917
Guam21.00%170,179
Slovakia21.00%5,460,721
Cook Islands20.00%17,565
Iceland20.00%343,353
Fiji20.00%902,906
Estonia20.00%1,325,185
Latvia20.00%1,866,942
Finland20.00%5,548,360
Libya20.00%6,958,532
Laos20.00%7,379,358
Sweden20.00%10,160,169
Azerbaijan20.00%10,223,342
Jordan20.00%10,269,021
Cambodia20.00%16,946,438
Kazakhstan20.00%18,994,962
Taiwan20.00%23,855,010
Madagascar20.00%28,427,328
Yemen20.00%30,490,640
Saudi Arabia20.00%35,340,683
Afghanistan20.00%39,835,428
Thailand20.00%69,950,850
Turkey20.00%85,042,738
Vietnam20.00%98,168,833
Russia20.00%145,912,025
Slovenia19.00%2,078,724
Switzerland19.00%8,715,494
Poland19.00%37,797,005
United Kingdom19.00%68,207,116
Faroe Islands18.00%49,049
Brunei18.00%441,532
Armenia18.00%2,968,127
Croatia18.00%4,081,651
Belarus18.00%9,442,862
Ukraine18.00%43,466,819
San Marino17.00%34,017
Singapore17.00%5,896,686
Lebanon17.00%6,769,146
Hong Kong16.00%7,552,810
Romania16.00%19,127,774
Maldives15.00%543,617
Mauritius15.00%1,273,433
Lithuania15.00%2,689,862
Albania15.00%2,872,933
Georgia15.00%3,979,765
Kuwait15.00%4,328,550
Palestine15.00%5,222,748
Oman15.00%5,223,375
Serbia15.00%8,697,550
Tunisia15.00%11,935,766
Chile15.00%19,212,361
Iraq15.00%41,179,350
Gibraltar12.00%33,698
Liechtenstein12.00%38,250
Cyprus12.00%1,215,584
Moldova12.00%4,024,019
Ireland12.00%4,982,907
Andorra10.00%77,355
Timor Leste10.00%1,343,873
North Macedonia10.00%2,082,658
Qatar10.00%2,930,528
Bosnia And Herzegovina10.00%3,263,466
Kyrgyzstan10.00%6,628,356
Bulgaria10.00%6,896,663
Paraguay10.00%7,219,638
Montenegro9.00%628,053
Hungary9.00%9,634,164
Turkmenistan8.00%6,117,924
Uzbekistan7.00%33,935,763
Barbados5.00%287,711
Tokelau0.00%1,373
Saint Barthelemy0.00%9,907
Wallis And Futuna0.00%11,094
Anguilla0.00%15,117
British Virgin Islands0.00%30,421
Turks And Caicos Islands0.00%39,231
Bermuda0.00%62,090
Cayman Islands0.00%66,497
Isle of Man0.00%85,410
Vanuatu0.00%314,464
Bahamas0.00%396,913
Bahrain0.00%1,748,296
United Arab Emirates0.00%9,991,089

Corporate Tax Rates by Country 2021