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Corporate Tax Rate 2023

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Click on a country for details.

Corporate Tax Rates by Country 2024

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.

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Country
Corporate Tax Rate 2023
2022
2021
2020
2015
2010
Comoros50%50%50%50%35%0%
Puerto Rico37.5%37.5%37.5%37.5%39%39%
Suriname36%36%36%36%34.5%0%
Colombia35%35%31%32%25%33%
Sudan35%35%35%35%35%15%
Argentina35%35%35%30%35%35%
Chad35%35%35%35%40%0%
Cuba35%35%35%35%35%0%
Equatorial Guinea35%35%35%35%35%35%
Malta35%35%35%35%35%35%
Sint Maarten34.5%34.5%35%35%34.5%0%
Brazil34%34%34%34%34%34%
Venezuela34%34%34%34%34%34%
American Samoa34%34%34%34%44%0%
Cameroon33%33%33%33%33%38.5%
Saint Kitts and Nevis33%33%33%33%33%35%
Morocco32%31%31%31%30%30%
Mozambique32%32%32%32%32%32%
Namibia32%32%32%32%33%35%
Portugal31.5%31.5%31.5%31.5%29.5%26.5%
India30%30%30%30%34.61%33.99%
Nigeria30%30%30%30%30%30%
Ethiopia30%30%30%30%30%30%
Mexico30%30%30%30%30%30%
DR Congo30%30%30%35%35%40%
Tanzania30%30%30%30%30%30%
Kenya30%30%30%30%30%30%
Uganda30%30%30%30%30%30%
Niger30%30%30%30%30%0%
Australia30%30%30%30%30%30%
Mali30%30%30%30%30%0%
Sri Lanka30%24%24%28%28%35%
Malawi30%30%30%30%30%30%
Zambia30%30%35%35%35%35%
Senegal30%30%30%30%30%25%
Rwanda30%30%30%30%30%30%
Benin30%30%30%30%30%30%
Burundi30%30%30%30%30%0%
Haiti30%30%30%30%30%0%
South Sudan30%30%25%25%20%0%
Honduras30%30%30%30%30%35%
Papua New Guinea30%30%30%30%30%30%
Nicaragua30%30%30%30%30%30%
El Salvador30%30%30%30%30%25%
Central African Republic30%30%30%30%30%0%
Costa Rica30%30%30%30%30%30%
Eritrea30%30%30%30%30%0%
Gabon30%30%30%30%30%35%
Trinidad and Tobago30%30%30%30%25%25%
Solomon Islands30%30%30%30%30%30%
New Caledonia30%30%30%30%0%0%
Saint Lucia30%30%30%30%33.33%30%
Kiribati30%30%30%35%35%0%
Micronesia30%30%30%30%21%0%
Montserrat30%30%30%30%30%30%
Niue30%30%30%30%0%0%
Germany29.94%29.83%29.94%29.9%30.18%30.18%
Japan29.74%29.74%29.74%29.74%32.11%39.54%
Peru29.5%29.5%29.5%29.5%30%30%
Pakistan29%29%29%29%33%35%
Syria28%28%28%28%28%28%
Republic of the Congo28%28%28%30%30%38%
New Zealand28%28%28%28%28%30%
Grenada28%28%28%28%30%30%
Saint Vincent and the Grenadines28%30%30%30%32.5%32.5%
Italy27.81%27.81%27.81%27.81%31.29%31.4%
Bangladesh27.5%30%32.5%25%27.5%27.5%
Burkina Faso27.5%27.5%28%28%27.5%27.5%
Eswatini27.5%27.5%27.5%27.5%27.5%30%
South Africa27%28%28%28%28%34.55%
Chile27%27%10%25%22.5%17%
Dominican Republic27%27%27%27%27%25%
Togo27%27%27%27%29%0%
Gambia27%27%27%31%31%0%
Samoa27%27%27%27%27%27%
South Korea26.5%27.5%27.5%27.5%24.2%24.2%
Greenland26.5%26.5%26.5%26.5%30%30%
Canada26.21%26.21%26.15%26.47%26.7%29.4%
Algeria26%26%26%26%23%0%
Falkland Islands26%26%26%26%26%26%
France25.83%25.83%28.41%32.02%38%34.43%
Netherlands25.8%25.8%25%25%25%25.5%
United States25.77%25.81%25.75%25.77%39%39.21%
China25%25%25%25%25%25%
Philippines25%25%25%30%30%30%
Iran25%25%25%25%25%0%
Turkey25%23%20%22%20%20%
United Kingdom25%19%19%19%20%28%
Spain25%25%25%25%28%30%
Angola25%25%25%30%30%35%
Ghana25%25%25%25%25%25%
Nepal25%25%25%25%25%25%
Ivory Coast25%25%25%25%25%25%
Ecuador25%25%25%25%22%25%
Guatemala25%25%25%25%25%31%
Guinea25%35%35%35%35%35%
Bolivia25%25%25%25%25%25%
Belgium25%25%25%25%33.99%33.99%
Sierra Leone25%25%30%30%30%0%
Liberia25%25%25%25%25%35%
Mauritania25%25%25%25%25%25%
Panama25%25%25%25%25%27.5%
Mongolia25%25%25%25%25%25%
Uruguay25%25%25%25%25%25%
Jamaica25%25%25%25%25%33.33%
Lesotho25%25%25%25%25%25%
Djibouti25%25%25%25%25%25%
Guyana25%25%25%25%30%35%
Bhutan25%25%25%30%30%30%
French Polynesia25%25%27%27%0%0%
Sao Tome and Principe25%25%25%25%25%0%
Tonga25%25%25%25%25%0%
Seychelles25%25%30%30%30%33%
Antigua and Barbuda25%25%25%25%25%25%
Dominica25%25%25%25%28%30%
Monaco25%25%26.5%28%33.33%33.33%
Nauru25%25%25%25%0%0%
Luxembourg24.94%24.94%24.94%24.94%29.22%28.59%
Zimbabwe24.72%24.72%24.72%24.72%25.75%25.75%
Malaysia24%24%24%24%25%25%
Austria24%25%25%25%25%25%
United States Virgin Islands23.1%23.1%23.1%23.1%38.5%38.5%
Israel23%23%23%23%26.5%25%
Egypt22.5%22.5%22.5%22.5%22.5%20%
Cape Verde22.44%22.44%22.44%22.44%25%25%
Indonesia22%22%22%25%25%25%
Myanmar22%22%25%25%25%0%
Greece22%22%24%24%26%24%
Denmark22%22%22%22%23.5%25%
Norway22%22%22%22%27%28%
Botswana22%22%22%22%22%25%
Curacao22%22%22%22%25%30%
Aruba22%25%25%25%28%28%
Slovakia21%21%21%21%22%19%
Guam21%21%21%21%35%35%
Northern Mariana Islands21%21%21%21%35%35%
Sweden20.6%20.6%20.6%21.4%22%26.3%
Russia20%20%20%20%20%20%
Vietnam20%20%20%20%22%25%
Thailand20%20%20%20%20%30%
Afghanistan20%20%20%20%20%20%
Saudi Arabia20%20%20%20%20%20%
Yemen20%20%20%20%20%35%
Madagascar20%20%20%20%20%24%
Taiwan20%20%20%20%17%17%
Kazakhstan20%20%20%20%20%20%
Cambodia20%20%20%20%20%20%
Jordan20%20%20%20%20%14%
Azerbaijan20%20%20%20%20%20%
Belarus20%18%18%18%18%24%
Laos20%20%20%24%24%35%
Libya20%20%20%20%20%40%
Finland20%20%20%20%20%26%
Latvia20%20%20%20%15%15%
Estonia20%20%20%20%20%21%
Fiji20%20%20%20%20%28%
Iceland20%20%20%20%20%18%
Saint Martin20%20%20%20%24.5%0%
Cook Islands20%20%20%20%0%0%
Switzerland19.65%19.7%19.7%21.15%21.15%21.17%
Poland19%19%19%19%19%19%
Czech Republic19%19%19%19%19%19%
Slovenia19%19%19%19%17%20%
Brunei18.5%18.5%18.5%18.5%18.5%23.5%
Ukraine18%18%18%18%18%25%
Tajikistan18%18%23%23%25%25%
Croatia18%18%18%18%20%20%
Armenia18%18%18%18%20%20%
Faroe Islands18%18%18%18%18%18%
Singapore17%17%17%17%17%17%
Lebanon17%17%17%17%15%15%
San Marino17%17%17%17%17%17%
Hong Kong16.5%16.5%16.5%16.5%16.5%16.5%
Romania16%16%16%16%16%16%
Iraq15%15%15%15%15%15%
Uzbekistan15%15%15%15%7.5%9%
Tunisia15%15%15%25%25%30%
Serbia15%15%15%15%15%10%
Palestine15%15%15%15%15%15%
Oman15%15%15%15%12%12%
Kuwait15%15%15%15%15%15%
Georgia15%15%15%15%15%15%
Albania15%15%15%15%15%10%
Lithuania15%15%15%15%15%15%
Mauritius15%15%15%15%15%15%
Montenegro15%15%9%9%9%9%
Maldives15%15%15%15%15%0%
Ireland12.5%12.5%12.5%12.5%12.5%12.5%
Cyprus12.5%12.5%12.5%12.5%12.5%10%
Liechtenstein12.5%12.5%12.5%12.5%12.5%15%
Gibraltar12.5%12.5%12.5%10%10%22%
Moldova12%12%12%12%18%0%
Macau12%12%12%12%12%12%
Paraguay10%10%10%10%10%10%
Kyrgyzstan10%10%10%10%10%10%
Bulgaria10%10%10%10%10%10%
Bosnia and Herzegovina10%10%10%10%10%10%
Qatar10%10%10%10%10%10%
Timor Leste10%10%10%10%10%0%
Andorra10%10%10%10%10%0%
Hungary9%9%9%9%19%19%
United Arab Emirates9%0%0%0%0%0%
Turkmenistan8%8%8%8%8%8%
Barbados5.5%5.5%5.5%5.5%25%25%
Belize0%0%0%0%25%25%
showing: 205 rows

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Country
2005
2000
1995
1990
Kuwait55%0%55%55%
DR Congo40%50%50%50%
Saint Vincent and the Grenadines40%40%0%0%
Seychelles40%40%0%0%
Japan39.54%40.87%49.98%49.98%
United States 39.29%39.34%39.61%38.65%
Puerto Rico39%0%19%22%
Germany38.9%52.03%55.11%54.55%
Cameroon38.5%38.5%38.5%38.5%
United States Virgin Islands38.5%38.5%0%0%
Republic of the Congo38%45%49%49%
South Africa37.8%37.8%0%50%
Italy37.25%41.25%53.2%46.4%
India36.59%38.5%40%50%
Suriname36%38%45%0%
Angola35%40%40%0%
Argentina35%35%30%20%
Aruba35%49.45%0%0%
Burkina Faso35%35%0%0%
Colombia35%35%30%30%
Gabon35%35%40%50%
Gibraltar35%35%35%0%
Greenland35%35%0%0%
Guam35%0%0%0%
Guinea35%35%35%0%
Guyana35%45%45%55%
Ivory Coast35%35%35%40%
Lesotho35%35%0%0%
Liberia35%35%0%50%
Malta35%35%35%35%
Morocco35%35%36%40%
Namibia35%35%35%0%
Northern Mariana Islands35%0%0%0%
Pakistan35%45.15%46%45%
Qatar35%35%35%50%
Rwanda35%0%0%0%
Spain35%35%35%35%
Sudan35%40%60%0%
Syria35%0%0%0%
Tunisia35%35%35%0%
Yemen35%35%36%0%
Zambia35%35%35%45%
France34.95%37.76%36.66%42%
Canada34.18%42.43%44.6%41.45%
Brazil34%37%25%30%
Israel34%36%37%0%
Venezuela34%34%34%50%
Belgium33.99%40.17%40.17%41%
Jamaica33.33%33.33%33.3%33.3%
Monaco33.33%33.3%0%0%
China33%33%33%40%
New Zealand33%33%33%33%
Senegal33%35%35%35%
Sri Lanka32.5%35%45%0%
Greece32%40%35%46%
Mozambique32%35%45%0%
Philippines32%32%35%35%
Netherlands31.5%35%35%35%
Fiji31%35%35%37.5%
Guatemala31%25%30%34%
Zimbabwe30.9%35%40%50%
Libya30.38%35%0%0%
Luxembourg30.38%37.45%40.29%0%
Australia30%34%36%39%
Bangladesh30%35%40%0%
Barbados30%40%40%35%
Brunei 30%30%0%0%
Cape Verde30%35%0%0%
Costa Rica30%30%30%30%
Curacao30%30%0%0%
Dominica30%30%0%0%
Eswatini30%37.5%37.5%0%
Ethiopia30%35%50%0%
Ghana30%35%35%50%
Grenada30%30%0%0%
Honduras30%25%35%35%
Indonesia30%30%30%35%
Kazakhstan30%30%30%30%
Kenya30%30%35%42.5%
Malawi30%38%35%50%
Mexico30%35%34%36%
Mongolia30%30%0%0%
Montserrat30%30%0%0%
Myanmar30%30%0%0%
Nicaragua30%0%30%0%
Nigeria30%30%35%40%
Panama30%37%34%50%
Papua New Guinea30%25%25%30%
Peru30%30%30%35%
Saint Lucia30%30%33.3%33.3%
Saudi Arabia30%45%45%45%
Tanzania30%30%35%50%
Thailand30%30%30%30%
Trinidad and Tobago30%35%38%40%
Turkey30%33%44%0%
Uganda30%30%30%0%
United Kingdom 30%30%33%34%
Uruguay30%30%30%30%
Samoa29%39%39%39%
Denmark28%32%34%40%
Malaysia28%28%30%35%
Norway28%28%28%50.8%
Sweden28%28%28%53%
Vietnam28%32%25%0%
Portugal27.5%35.2%39.6%40.15%
South Korea27.5%30.8%0%0%
Czech Republic26%31%41%0%
Finland26%29%25%44.5%
Austria25%34%34%30%
Belize25%25%35%45%
Bolivia 25%25%25%2.5%
Botswana25%25%25%40%
Dominican Republic25%25%25%46%
Ecuador25%25%25%25%
El Salvador25%25%25%30%
Equatorial Guinea25%0%0%0%
Iran 25%54%54%75%
Jordan25%35%55%0%
Mauritius25%35%35%35%
Nepal25%0%0%0%
Slovenia25%25%0%0%
Taiwan25%25%25%25%
Turkmenistan25%0%0%0%
Ukraine25%30%22%0%
Azerbaijan24%32%0%0%
Belarus24%30%30%0%
Estonia24%26%26%0%
Russia24%35%35%35%
Albania23%30%30%0%
Switzerland21.33%24.93%28.47%30.6%
Croatia20.23%35%0%0%
Afghanistan20%0%0%0%
Armenia20%25%0%0%
Egypt20%40%40%40%
Faroe Islands20%20%0%0%
Georgia20%20%0%0%
Liechtenstein20%15%15%15%
Mauritania20%0%0%0%
Palestine20%0%0%0%
Paraguay20%30%30%30%
Singapore20%26%27%32%
Poland19%30%40%0%
San Marino19%24%0%0%
Slovakia19%29%40%0%
Iceland18%30%33%0%
Moldova18%0%0%0%
Uzbekistan18%33%0%0%
Hong Kong 17.5%16%16.5%16.5%
Chile17%15%35%32.5%
Hungary16%18%18%40%
Romania16%38%38%0%
British Virgin Islands15%15%15%15%
Bulgaria15%30%40%0%
Isle of Man15%20%20%20%
Latvia15%25%25%0%
Lebanon15%10%0%0%
Lithuania15%29%29%0%
Ireland12.5%24%38%43%
Macau12%15%15%15%
Oman12%30%50%50%
Bosnia and Herzegovina10%30%0%0%
Cyprus10%29%25%42.5%
Serbia10%20%0%0%
Montenegro9%20%0%0%
Andorra0%0%0%0%
Anguilla0%0%0%0%
Antigua and Barbuda0%40%40%40%
Bahamas0%0%0%0%
Bahrain0%0%0%0%
Benin0%0%0%0%
Bermuda0%0%0%0%
Cayman Islands0%0%0%0%
Cook Islands0%0%0%0%
Guernsey0%20%20%20%
Haiti0%35%35%35%
Jersey0%20%20%20%
Maldives0%0%0%0%
Saint Kitts and Nevis0%0%0%0%
Sierra Leone0%45%47.2%0%
Togo0%0%0%0%
Turks and Caicos Islands0%0%0%0%
United Arab Emirates0%0%0%0%
Cambodia0%20%0%0%
Gambia0%35%0%0%
Kyrgyzstan0%30%0%0%
New Caledonia0%0%30%0%
Solomon Islands0%0%35%35%
Vanuatu0%0%0%0%
showing: 188 rows

Corporate Tax Rates by Country 2024

Which country has the highest corporate tax rate?

Comoros is currently the country with the highest corporate tax rate. If you own a business in this country, your corporate tax rate will be 50%.

Frequently Asked Questions

Sources