Effective Corporate Tax Rate By Country 2021

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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
Dr Congo35.00%92,377,993
Malta35.00%442,784
France34.43%65,426,179
Brazil34.00%213,993,437
Monaco33.33%39,511
Nigeria30.00%211,400,708
Mexico30.00%130,262,216
Kenya30.00%54,985,698
Argentina30.00%45,605,826
Angola30.00%33,933,610
Australia30.00%25,788,215
Senegal30.00%17,196,301
Portugal30.00%10,167,925
Gabon30.00%2,278,825
Saint Vincent And The Grenadines30.00%111,263
Seychelles30.00%98,908
Montserrat30.00%4,977
Peru29.50%33,359,418
Belgium29.00%11,632,326
Greece29.00%10,370,744
South Africa28.00%60,041,994
New Zealand28.00%4,860,643
Burkina Faso27.50%21,497,096
China25.00%1,444,216,107
Indonesia25.00%276,361,783
South Korea25.00%51,305,186
Spain25.00%46,745,216
Ivory Coast25.00%27,053,629
Chile25.00%19,212,361
Netherlands25.00%17,173,099
Austria25.00%9,043,070
Liberia25.00%5,180,203
Panama25.00%4,381,579
Uruguay25.00%3,485,151
Jamaica25.00%2,973,463
Barbados25.00%287,711
Italy24.00%60,367,477
Malaysia24.00%32,776,194
Japan23.20%126,050,804
Israel23.00%8,789,774
Norway23.00%5,465,630
Egypt22.50%104,258,327
Turkey22.00%85,042,738
Sweden22.00%10,160,169
Denmark22.00%5,813,298
Botswana22.00%2,397,241
Curacao22.00%164,798
United States21.00%332,915,073
Slovakia21.00%5,460,721
Russia20.00%145,912,025
Vietnam20.00%98,168,833
Thailand20.00%69,950,850
Finland20.00%5,548,360
Latvia20.00%1,866,942
Estonia20.00%1,325,185
Iceland20.00%343,353
Luxembourg19.26%634,814
United Kingdom19.00%68,207,116
Poland19.00%37,797,005
Czech Republic19.00%10,724,555
Slovenia19.00%2,078,724
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
Canada15.00%38,067,903
Serbia15.00%8,697,550
Oman15.00%5,223,375
Lithuania15.00%2,689,862
Mauritius15.00%1,273,433
Maldives15.00%543,617
Ireland12.50%4,982,907
Liechtenstein12.50%38,250
Macau12.00%658,394
Paraguay10.00%7,219,638
Bulgaria10.00%6,896,663
Andorra10.00%77,355
Hungary9.00%9,634,164
Switzerland8.50%8,715,494
Saudi Arabia0.00%35,340,683
United Arab Emirates0.00%9,991,089
Bahrain0.00%1,748,296
Bahamas0.00%396,913
Isle Of Man0.00%85,410
Cayman Islands0.00%66,497
Bermuda0.00%62,090
Turks And Caicos Islands0.00%39,231
British Virgin Islands0.00%30,421
Anguilla0.00%15,117

Effective Corporate Tax Rate By Country 2021