Effective Corporate Tax Rate By Country 2021

The effective corporate tax rate is defined as the average rate that corporations are taxed on their profits by the government. Tax rates vary based on the corporate laws of each nation.

To get an idea of the effective corporate tax rates around the world, we can look at data compiled by the Organisation for Economic Co-operation and Development, or OECD.

Based on data from 2017, the highest composite effective average tax rate was found in India. This nation’s rate was 44.1%. Coming in behind India was Costa Rica with a tax rate of 37.9%. In third place was Argentina with a tax rate of 35.7%.

The nations with the highest effective corporate tax rates are:

If we look at the other side of the coin, there are several nations with a low corporate tax rate. Nations without a corporate tax rate include:

There are other nations that do have a corporate tax rate but they are the lowest when compared to other nations. These countries include:

Effective Corporate Tax Rate By Country 2021

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Effective Corporate Tax Rate By Country 2021

* Data is from 2018.
Country Corporate Tax Rate 2021 Population
India48.32%1,393,409,038
Malta35.00%442,784
Dr Congo35.00%92,377,993
France34.43%65,426,179
Brazil34.00%213,993,437
Monaco33.33%39,511
Montserrat30.00%4,977
Seychelles30.00%98,908
Saint Vincent And The Grenadines30.00%111,263
Gabon30.00%2,278,825
Portugal30.00%10,167,925
Senegal30.00%17,196,301
Australia30.00%25,788,215
Angola30.00%33,933,610
Argentina30.00%45,605,826
Kenya30.00%54,985,698
Mexico30.00%130,262,216
Nigeria30.00%211,400,708
Peru29.50%33,359,418
Greece29.00%10,370,744
Belgium29.00%11,632,326
New Zealand28.00%4,860,643
South Africa28.00%60,041,994
Burkina Faso27.50%21,497,096
Barbados25.00%287,711
Jamaica25.00%2,973,463
Uruguay25.00%3,485,151
Panama25.00%4,381,579
Liberia25.00%5,180,203
Austria25.00%9,043,070
Netherlands25.00%17,173,099
Chile25.00%19,212,361
Ivory Coast25.00%27,053,629
Spain25.00%46,745,216
South Korea25.00%51,305,186
Indonesia25.00%276,361,783
China25.00%1,444,216,107
Malaysia24.00%32,776,194
Italy24.00%60,367,477
Japan23.20%126,050,804
Norway23.00%5,465,630
Israel23.00%8,789,774
Egypt22.50%104,258,327
Curacao22.00%164,798
Botswana22.00%2,397,241
Denmark22.00%5,813,298
Sweden22.00%10,160,169
Turkey22.00%85,042,738
Slovakia21.00%5,460,721
United States21.00%332,915,073
Iceland20.00%343,353
Estonia20.00%1,325,185
Latvia20.00%1,866,942
Finland20.00%5,548,360
Thailand20.00%69,950,850
Vietnam20.00%98,168,833
Russia20.00%145,912,025
Luxembourg19.26%634,814
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
Singapore17.00%5,896,686
Hong Kong16.50%7,552,810
Romania16.00%19,127,774
Germany15.82%83,900,473
Maldives15.00%543,617
Mauritius15.00%1,273,433
Lithuania15.00%2,689,862
Oman15.00%5,223,375
Serbia15.00%8,697,550
Canada15.00%38,067,903
Liechtenstein12.50%38,250
Ireland12.50%4,982,907
Macau12.00%658,394
Andorra10.00%77,355
Bulgaria10.00%6,896,663
Paraguay10.00%7,219,638
Hungary9.00%9,634,164
Switzerland8.50%8,715,494
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
Bahamas0.00%396,913
Bahrain0.00%1,748,296
United Arab Emirates0.00%9,991,089
Saudi Arabia0.00%35,340,683

Effective Corporate Tax Rate By Country 2021