Corporate Tax Rates by Country 2022

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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 2022

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Corporate Tax Rates by Country 2022

Country Corporate Tax Rate 2022 Population
Comoros50.00%836,774
Puerto Rico37.00%3,252,407
Suriname36.00%618,040
Sudan35.00%46,874,204
Argentina35.00%45,510,318
Zambia35.00%20,017,675
Chad35.00%17,723,315
Guinea35.00%13,859,341
Cuba35.00%11,212,191
Equatorial Guinea35.00%1,674,908
Malta35.00%533,286
Sint Maarten35.00%44,175
Saint Martin35.00%31,791
Brazil34.00%215,313,498
Venezuela34.00%28,301,696
American Samoa34.00%44,273
Cameroon33.00%27,914,536
Seychelles33.00%107,118
Saint Kitts And Nevis33.00%47,657
Bangladesh32.00%171,186,372
Mozambique32.00%32,969,518
Namibia32.00%2,567,012
Colombia31.00%51,874,024
Morocco31.00%37,457,971
Portugal31.00%10,270,865
India30.00%1,417,173,173
Nigeria30.00%218,541,212
Mexico30.00%127,504,125
Ethiopia30.00%123,379,924
Philippines30.00%115,559,009
DR Congo30.00%99,010,212
Tanzania30.00%65,497,748
Kenya30.00%54,027,487
Uganda30.00%47,249,585
Niger30.00%26,207,977
Australia30.00%26,177,413
Mali30.00%22,593,590
Malawi30.00%20,405,317
Senegal30.00%17,316,449
Rwanda30.00%13,776,698
Benin30.00%13,352,864
Burundi30.00%12,889,576
Haiti30.00%11,584,996
Papua New Guinea30.00%10,142,619
Sierra Leone30.00%8,605,718
Nicaragua30.00%6,948,392
El Salvador30.00%6,336,392
Central African Republic30.00%5,579,144
Costa Rica30.00%5,180,829
Eritrea30.00%3,684,032
Gabon30.00%2,388,992
Trinidad And Tobago30.00%1,531,044
Solomon Islands30.00%724,273
New Caledonia30.00%289,950
Saint Lucia30.00%179,857
Kiribati30.00%131,232
Micronesia30.00%114,164
Saint Vincent And the Grenadines30.00%103,948
Montserrat30.00%4,390
Niue30.00%1,934
Pakistan29.00%235,824,862
Japan29.00%123,951,692
Germany29.00%83,369,843
Peru29.00%34,049,588
France28.00%64,626,628
South Africa28.00%59,893,885
Burkina Faso28.00%22,673,762
Syria28.00%22,125,249
Republic of the Congo28.00%5,970,424
New Zealand28.00%5,185,288
Grenada28.00%125,438
Italy27.00%59,037,474
South Korea27.00%51,815,810
Dominican Republic27.00%11,228,821
Togo27.00%8,848,699
Gambia27.00%2,705,992
Samoa27.00%222,382
Algeria26.00%44,903,225
Canada26.00%38,454,327
Greenland26.00%56,466
Monaco26.00%36,469
Falkland Islands26.00%3,780
China25.00%1,425,887,337
United States25.00%338,289,857
Iran25.00%88,550,570
Myanmar25.00%54,179,306
Spain25.00%47,558,630
Angola25.00%35,588,987
Ghana25.00%33,475,870
Nepal25.00%30,547,580
Ivory Coast25.00%28,160,542
Ecuador25.00%18,001,000
Guatemala25.00%17,843,908
Netherlands25.00%17,564,014
Bolivia25.00%12,224,110
Belgium25.00%11,655,930
South Sudan25.00%10,913,164
Honduras25.00%10,432,860
Austria25.00%8,939,617
Liberia25.00%5,302,681
Mauritania25.00%4,736,139
Panama25.00%4,408,581
Uruguay25.00%3,422,794
Mongolia25.00%3,398,366
Jamaica25.00%2,827,377
Lesotho25.00%2,305,825
Guinea Bissau25.00%2,105,566
Djibouti25.00%1,120,849
Guyana25.00%808,726
Bhutan25.00%782,455
Belize25.00%405,272
French Polynesia25.00%306,279
Sao Tome And Principe25.00%227,380
Tonga25.00%106,858
Aruba25.00%106,445
Antigua And Barbuda25.00%93,763
Dominica25.00%72,737
Nauru25.00%12,668
Malaysia24.00%33,938,221
Sri Lanka24.00%21,832,143
Zimbabwe24.00%16,320,537
Greece24.00%10,384,971
Luxembourg24.00%647,599
Tajikistan23.00%9,952,787
Israel23.00%9,038,309
United States Virgin Islands23.00%99,465
Indonesia22.00%275,501,339
Egypt22.00%110,990,103
Denmark22.00%5,882,261
Norway22.00%5,434,319
Botswana22.00%2,630,296
Curacao22.00%191,163
Slovakia21.00%5,643,453
Guam21.00%171,774
Northern Mariana Islands21.00%49,551
Russia20.00%144,713,314
Vietnam20.00%98,186,856
Turkey20.00%85,341,241
Thailand20.00%71,697,030
Afghanistan20.00%41,128,771
Saudi Arabia20.00%36,408,820
Yemen20.00%33,696,614
Madagascar20.00%29,611,714
Taiwan20.00%23,893,394
Kazakhstan20.00%19,397,998
Cambodia20.00%16,767,842
Jordan20.00%11,285,869
Sweden20.00%10,549,347
Azerbaijan20.00%10,358,074
Laos20.00%7,529,475
Libya20.00%6,812,341
Finland20.00%5,540,745
Latvia20.00%1,850,651
Estonia20.00%1,326,062
Fiji20.00%929,766
Iceland20.00%372,899
Cook Islands20.00%17,011
United Kingdom19.00%67,508,936
Poland19.00%39,857,145
Switzerland19.00%8,740,472
Slovenia19.00%2,119,844
Ukraine18.00%39,701,739
Belarus18.00%9,534,954
Croatia18.00%4,030,358
Armenia18.00%2,780,469
Brunei18.00%449,002
Faroe Islands18.00%53,090
Singapore17.00%5,975,689
Lebanon17.00%5,489,739
San Marino17.00%33,660
Romania16.00%19,659,267
Hong Kong16.00%7,488,865
Iraq15.00%44,496,122
Chile15.00%19,603,733
Tunisia15.00%12,356,117
Serbia15.00%7,221,365
Palestine15.00%5,250,072
Oman15.00%4,576,298
Kuwait15.00%4,268,873
Georgia15.00%3,744,385
Albania15.00%2,842,321
Lithuania15.00%2,750,055
Mauritius15.00%1,299,469
Maldives15.00%523,787
Ireland12.00%5,023,109
Moldova12.00%3,272,996
Cyprus12.00%1,251,488
Liechtenstein12.00%39,327
Gibraltar12.00%32,649
Bulgaria10.00%6,781,953
Paraguay10.00%6,780,744
Kyrgyzstan10.00%6,630,623
Bosnia And Herzegovina10.00%3,233,526
Qatar10.00%2,695,122
North Macedonia10.00%2,093,599
Timor Leste10.00%1,341,296
Andorra10.00%79,824
Hungary9.00%9,967,308
Montenegro9.00%627,082
Turkmenistan8.00%6,430,770
Uzbekistan7.00%34,627,652
Barbados5.00%281,635
United Arab Emirates0.00%9,441,129
Bahrain0.00%1,472,233
Bahamas0.00%409,984
Vanuatu0.00%326,740
Jersey0.00%110,778
Isle of Man0.00%84,519
Cayman Islands0.00%68,706
Bermuda0.00%64,184
Guernsey0.00%63,301
Turks And Caicos Islands0.00%45,703
British Virgin Islands0.00%31,305
Anguilla0.00%15,857
Wallis And Futuna0.00%11,572
Saint Barthelemy0.00%10,967
Tokelau0.00%1,871

Corporate Tax Rates by Country 2022

Sources