Effective Corporate Tax Rate by Country 2022

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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 India, Costa Rica, Argentina, United States, Malta, France, Chile, Democratic Republic of the Congo, Australia, Montserrat, Brazil, Seychelles, Peru, Greece, Senegal, Portugal, Japan, Mexico, Botswana, Germany, South Africa, Kenya, New Zealand, Papua New Guinea, and Belgium.

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 British Virgin Islands, Cayman Islands, Guernsey, Isle of Man, Jersey, Saudi Arabia, and Turks and Caicos. There are other nations that do have a corporate tax rate but they are the lowest when compared to other nations. These countries include: Andorra, Bulgaria, Hungary, Liechtenstein, Macau, Ireland, Cyprus, Lithuania, Latvia, Mauritius, Romania, Albania, Hong Kong, Croatia, Singapore, Estonia,Poland, Slovenia, Russia, Iceland, Finland, United Kingdom, Denmark, Switzerland, and Sweden.

Effective Corporate Tax Rate by Country 2022

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Effective Corporate Tax Rate by Country 2022

* Data is from 2018.
Country Corporate Tax Rate 2022 Population
India48.32%1,417,173,173
DR Congo35.00%99,010,212
Malta35.00%533,286
France34.43%64,626,628
Brazil34.00%215,313,498
Monaco33.33%36,469
Nigeria30.00%218,541,212
Mexico30.00%127,504,125
Kenya30.00%54,027,487
Argentina30.00%45,510,318
Angola30.00%35,588,987
Australia30.00%26,177,413
Senegal30.00%17,316,449
Portugal30.00%10,270,865
Gabon30.00%2,388,992
Seychelles30.00%107,118
Saint Vincent And the Grenadines30.00%103,948
Montserrat30.00%4,390
Peru29.50%34,049,588
Belgium29.00%11,655,930
Greece29.00%10,384,971
South Africa28.00%59,893,885
New Zealand28.00%5,185,288
Burkina Faso27.50%22,673,762
China25.00%1,425,887,337
Indonesia25.00%275,501,339
South Korea25.00%51,815,810
Spain25.00%47,558,630
Ivory Coast25.00%28,160,542
Chile25.00%19,603,733
Netherlands25.00%17,564,014
Austria25.00%8,939,617
Liberia25.00%5,302,681
Panama25.00%4,408,581
Uruguay25.00%3,422,794
Jamaica25.00%2,827,377
Barbados25.00%281,635
Italy24.00%59,037,474
Malaysia24.00%33,938,221
Japan23.20%123,951,692
Israel23.00%9,038,309
Norway23.00%5,434,319
Egypt22.50%110,990,103
Turkey22.00%85,341,241
Sweden22.00%10,549,347
Denmark22.00%5,882,261
Botswana22.00%2,630,296
Curacao22.00%191,163
United States21.00%338,289,857
Slovakia21.00%5,643,453
Russia20.00%144,713,314
Vietnam20.00%98,186,856
Thailand20.00%71,697,030
Finland20.00%5,540,745
Latvia20.00%1,850,651
Estonia20.00%1,326,062
Iceland20.00%372,899
Luxembourg19.26%647,599
United Kingdom19.00%67,508,936
Poland19.00%39,857,145
Czech Republic19.00%10,493,986
Slovenia19.00%2,119,844
Brunei18.50%449,002
Croatia18.00%4,030,358
Singapore17.00%5,975,689
Hong Kong16.50%7,488,865
Romania16.00%19,659,267
Germany15.82%83,369,843
Canada15.00%38,454,327
Serbia15.00%7,221,365
Oman15.00%4,576,298
Lithuania15.00%2,750,055
Mauritius15.00%1,299,469
Maldives15.00%523,787
Ireland12.50%5,023,109
Liechtenstein12.50%39,327
Macau12.00%695,168
Bulgaria10.00%6,781,953
Paraguay10.00%6,780,744
Andorra10.00%79,824
Hungary9.00%9,967,308
Switzerland8.50%8,740,472
Saudi Arabia0.00%36,408,820
United Arab Emirates0.00%9,441,129
Bahrain0.00%1,472,233
Bahamas0.00%409,984
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

Effective Corporate Tax Rate by Country 2022

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