Effective Corporate Tax Rate By Country 2020

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 2020

* Data is from 2018.
Country Corporate Tax Rate Population 2020
India48.32%1,380,004,385
Malta35.00%441,543
Dr Congo35.00%89,561,403
France34.43%65,273,511
Brazil34.00%212,559,417
Monaco33.33%39,242
Montserrat30.00%4,992
Seychelles30.00%98,347
Saint Vincent And The Grenadines30.00%110,940
Gabon30.00%2,225,734
Portugal30.00%10,196,709
Senegal30.00%16,743,927
Australia30.00%25,499,884
Angola30.00%32,866,272
Argentina30.00%45,195,774
Kenya30.00%53,771,296
Mexico30.00%128,932,753
Nigeria30.00%206,139,589
Peru29.50%32,971,854
Greece29.00%10,423,054
Belgium29.00%11,589,623
New Zealand28.00%4,822,233
South Africa28.00%59,308,690
Burkina Faso27.50%20,903,273
Barbados25.00%287,375
Jamaica25.00%2,961,167
Uruguay25.00%3,473,730
Panama25.00%4,314,767
Liberia25.00%5,057,681
Austria25.00%9,006,398
Netherlands25.00%17,134,872
Chile25.00%19,116,201
Ivory Coast25.00%26,378,274
Spain25.00%46,754,778
South Korea25.00%51,269,185
Indonesia25.00%273,523,615
China25.00%1,439,323,776
Malaysia24.00%32,365,999
Italy24.00%60,461,826
Japan23.20%126,476,461
Norway23.00%5,421,241
Israel23.00%8,655,535
Egypt22.50%102,334,404
Curacao22.00%164,093
Botswana22.00%2,351,627
Denmark22.00%5,792,202
Sweden22.00%10,099,265
Turkey22.00%84,339,067
Slovakia21.00%5,459,642
United States21.00%331,002,651
Iceland20.00%341,243
Estonia20.00%1,326,535
Latvia20.00%1,886,198
Finland20.00%5,540,720
Thailand20.00%69,799,978
Vietnam20.00%97,338,579
Russia20.00%145,934,462
Luxembourg19.26%625,978
Slovenia19.00%2,078,938
Czech Republic19.00%10,708,981
Poland19.00%37,846,611
United Kingdom19.00%67,886,011
Brunei18.50%437,479
Croatia18.00%4,105,267
Singapore17.00%5,850,342
Hong Kong16.50%7,496,981
Romania16.00%19,237,691
Germany15.82%83,783,942
Maldives15.00%540,544
Mauritius15.00%1,271,768
Lithuania15.00%2,722,289
Oman15.00%5,106,626
Serbia15.00%8,737,371
Canada15.00%37,742,154
Liechtenstein12.50%38,128
Ireland12.50%4,937,786
Macau12.00%649,335
Andorra10.00%77,265
Bulgaria10.00%6,948,445
Paraguay10.00%7,132,538
Hungary9.00%9,660,351
Switzerland8.50%8,654,622
Anguilla0.00%15,003
British Virgin Islands0.00%30,231
Turks And Caicos Islands0.00%38,717
Bermuda0.00%62,278
Cayman Islands0.00%65,722
Isle Of Man0.00%85,033
Bahamas0.00%393,244
Bahrain0.00%1,701,575
United Arab Emirates0.00%9,890,402
Saudi Arabia0.00%34,813,871