Corporate Tax Rates By Country 2021

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
Saint Martin35.00%39,234
Sint Maarten35.00%43,412
Malta35.00%442,784
Zambia35.00%18,920,651
Sudan35.00%44,909,353
Dr Congo35.00%92,377,993
Venezuela34.00%28,704,954
Brazil34.00%213,993,437
Monaco33.00%39,511
Saint Kitts And Nevis33.00%53,544
Cameroon33.00%27,224,265
Colombia33.00%51,265,844
Namibia32.00%2,587,344
Mozambique32.00%32,163,047
Gambia31.00%2,486,945
Morocco31.00%37,344,795
France31.00%65,426,179
Japan30.62%126,050,804
Saint Vincent And The Grenadines30.00%111,263
Saint Lucia30.00%184,400
Solomon Islands30.00%703,996
Gabon30.00%2,278,825
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
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
Australia30.00%25,788,215
Angola30.00%33,933,610
Argentina30.00%45,605,826
Uganda30.00%47,123,531
Kenya30.00%54,985,698
Tanzania30.00%61,498,437
Germany30.00%83,900,473
Philippines30.00%111,046,913
Ethiopia30.00%117,876,227
Mexico30.00%130,262,216
Nigeria30.00%211,400,708
Pakistan30.00%225,199,937
India30.00%1,393,409,038
Peru29.50%33,359,418
Belgium29.00%11,632,326
Grenada28.00%113,021
New Zealand28.00%4,860,643
Greece28.00%10,370,744
Syria28.00%18,275,702
Burkina Faso28.00%21,497,096
Sri Lanka28.00%21,497,310
South Africa28.00%60,041,994
Eswatini27.50%1,172,362
Samoa27.00%200,149
Dominican Republic27.00%10,953,703
Chile27.00%19,212,361
United States27.00%332,915,073
Canada26.50%38,067,903
Luxembourg26.01%634,814
Algeria26.00%44,616,624
Dominica25.00%72,167
Antigua And Barbuda25.00%98,731
Aruba25.00%107,204
Djibouti25.00%1,002,187
Trinidad And Tobago25.00%1,403,375
Jamaica25.00%2,973,463
Mongolia25.00%3,329,289
Uruguay25.00%3,485,151
Panama25.00%4,381,579
Austria25.00%9,043,070
Honduras25.00%10,062,991
Bolivia25.00%11,832,940
Tunisia25.00%11,935,766
Zimbabwe25.00%15,092,171
Netherlands25.00%17,173,099
Ecuador25.00%17,888,475
Guatemala25.00%18,249,860
Ivory Coast25.00%27,053,629
Ghana25.00%31,732,129
Spain25.00%46,745,216
South Korea25.00%51,305,186
Myanmar25.00%54,806,012
Bangladesh25.00%166,303,498
Indonesia25.00%276,361,783
China25.00%1,444,216,107
Malaysia24.00%32,776,194
Italy24.00%60,367,477
Israel23.00%8,789,774
Egypt22.50%104,258,327
Curacao22.00%164,798
Botswana22.00%2,397,241
Norway22.00%5,465,630
Denmark22.00%5,813,298
Turkey22.00%85,042,738
Sweden21.40%10,160,169
Slovakia21.00%5,460,721
Portugal21.00%10,167,925
Iceland20.00%343,353
Fiji20.00%902,906
Estonia20.00%1,325,185
Latvia20.00%1,866,942
Armenia20.00%2,968,127
Finland20.00%5,548,360
Turkmenistan20.00%6,117,924
Libya20.00%6,958,532
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
Vietnam20.00%98,168,833
Russia20.00%145,912,025
Slovenia19.00%2,078,724
Czech Republic19.00%10,724,555
Poland19.00%37,797,005
United Kingdom19.00%68,207,116
Brunei18.50%441,532
Croatia18.00%4,081,651
Switzerland18.00%8,715,494
Belarus18.00%9,442,862
Ukraine18.00%43,466,819
Singapore17.00%5,896,686
Lebanon17.00%6,769,146
Hong Kong16.50%7,552,810
Romania16.00%19,127,774
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
Oman15.00%5,223,375
Serbia15.00%8,697,550
Iraq15.00%41,179,350
Liechtenstein12.50%38,250
Cyprus12.50%1,215,584
Ireland12.50%4,982,907
Macau12.00%658,394
Moldova12.00%4,024,019
Gibraltar10.00%33,698
Andorra10.00%77,355
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
Uzbekistan7.50%33,935,763
Barbados5.50%287,711
Anguilla0.00%15,117
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

Corporate Tax Rates By Country 2021