Corporate Tax Rate By Country 2024

1.	Comoros	50%
2.	Puerto Rico	37%
3.	Suriname	36%
4.	Sudan	35%
5.	Argentina	35%
6.	Zambia	35%
7.	Chad	35%
8.	Guinea	35%
9.	Cuba	35%
10.	Equatorial Guinea	35%
11.	Malta	35%
12.	Sint Maarten	35%
13.	Saint Martin	35%
14.	Brazil	34%
15.	Venezuela	34%
16.	American Samoa	34%
17.	Cameroon	33%
18.	Seychelles	33%
19.	Saint Kitts and Nevis	33%
20.	Bangladesh	32%
21.	Mozambique	32%
22.	Namibia	32%
23.	Colombia	31%
24.	Morocco	31%
25.	Portugal	31%
26.	India	30%
27.	Nigeria	30%
28.	Ethiopia	30%
29.	Mexico	30%
30.	Philippines	30%
31.	DR Congo	30%
32.	Tanzania	30%
33.	Kenya	30%
34.	Uganda	30%
35.	Niger	30%
36.	Australia	30%
37.	Mali	30%
38.	Malawi	30%
39.	Senegal	30%
40.	Rwanda	30%
41.	Benin	30%
42.	Burundi	30%
43.	Haiti	30%
44.	Papua New Guinea	30%
45.	Sierra Leone	30%
46.	Nicaragua	30%
47.	El Salvador	30%
48.	Central African Republic	30%
49.	Costa Rica	30%
50.	Eritrea	30%
51.	Gabon	30%
52.	Trinidad and Tobago	30%
53.	Solomon Islands	30%
54.	New Caledonia	30%
55.	Saint Lucia	30%
56.	Kiribati	30%
57.	Micronesia	30%
58.	Saint Vincent and the Grenadines	30%
59.	Montserrat	30%
60.	Niue	30%
61.	Pakistan	29%
62.	Japan	29%
63.	Germany	29%
64.	Peru	29%
65.	France	28%
66.	South Africa	28%
67.	Syria	28%
68.	Burkina Faso	28%
69.	Republic of the Congo	28%
70.	New Zealand	28%
71.	Grenada	28%
72.	Italy	27%
73.	South Korea	27%
74.	Dominican Republic	27%
75.	Togo	27%
76.	Gambia	27%
77.	Samoa	27%
78.	Algeria	26%
79.	Canada	26%
80.	Greenland	26%
81.	Monaco	26%
82.	China	25%
83.	United States	25%
84.	Iran	25%
85.	Myanmar	25%
86.	Spain	25%
87.	Angola	25%
88.	Ghana	25%
89.	Nepal	25%
90.	Ivory Coast	25%
91.	Ecuador	25%
92.	Guatemala	25%
93.	Netherlands	25%
94.	Bolivia	25%
95.	Belgium	25%
96.	South Sudan	25%
97.	Honduras	25%
98.	Austria	25%
99.	Liberia	25%
100.	Mauritania	25%
101.	Panama	25%
102.	Mongolia	25%
103.	Uruguay	25%
104.	Jamaica	25%
105.	Lesotho	25%
106.	Guinea Bissau	25%
107.	Djibouti	25%
108.	Guyana	25%
109.	Bhutan	25%
110.	Belize	25%
111.	French Polynesia	25%
112.	Sao Tome and Principe	25%
113.	Tonga	25%
114.	Aruba	25%
115.	Antigua and Barbuda	25%
116.	Dominica	25%
117.	Nauru	25%
118.	Malaysia	24%
119.	Sri Lanka	24%
120.	Zimbabwe	24%
121.	Greece	24%
122.	Luxembourg	24%
123.	Tajikistan	23%
124.	Israel	23%
125.	Indonesia	22%
126.	Egypt	22%
127.	Denmark	22%
128.	Norway	22%
129.	Botswana	22%
130.	Curacao	22%
131.	Slovakia	21%
132.	Guam	21%
133.	Northern Mariana Islands	21%
134.	Russia	20%
135.	Vietnam	20%
136.	Turkey	20%
137.	Thailand	20%
138.	Afghanistan	20%
139.	Saudi Arabia	20%
140.	Yemen	20%
141.	Madagascar	20%
142.	Taiwan	20%
143.	Kazakhstan	20%
144.	Cambodia	20%
145.	Jordan	20%
146.	Sweden	20%
147.	Azerbaijan	20%
148.	Laos	20%
149.	Libya	20%
150.	Finland	20%
151.	Latvia	20%
152.	Estonia	20%
153.	Fiji	20%
154.	Iceland	20%
155.	Cook Islands	20%
156.	United Kingdom	19%
157.	Poland	19%
158.	Switzerland	19%
159.	Slovenia	19%
160.	Ukraine	18%
161.	Belarus	18%
162.	Croatia	18%
163.	Armenia	18%
164.	Brunei	18%
165.	Singapore	17%
166.	Lebanon	17%
167.	San Marino	17%
168.	Romania	16%
169.	Hong Kong	16%
170.	Iraq	15%
171.	Chile	15%
172.	Tunisia	15%
173.	Serbia	15%
174.	Palestine	15%
175.	Oman	15%
176.	Kuwait	15%
177.	Georgia	15%
178.	Albania	15%
179.	Lithuania	15%
180.	Mauritius	15%
181.	Maldives	15%
182.	Ireland	12%
183.	Moldova	12%
184.	Cyprus	12%
185.	Liechtenstein	12%
186.	Gibraltar	12%
187.	Paraguay	10%
188.	Kyrgyzstan	10%
189.	Bulgaria	10%
190.	Bosnia and Herzegovina	10%
191.	Qatar	10%
192.	North Macedonia	10%
193.	Timor Leste	10%
194.	Andorra	10%
195.	Hungary	9%
196.	Montenegro	9%
197.	Turkmenistan	8%
198.	Uzbekistan	7%
199.	Barbados	5%

Navigating Corporate Tax Globally

In every corner of our globe, companies grapple with the complexities of corporate tax - a key economic lever that impacts both businesses and national economies. Established by jurisdictions worldwide, corporate tax refers to a tax imposed on the profits of corporations and businesses. With no global standard to govern these rates, they are determined by the local, federal, or national governments of each country, leading to stark variations in corporate tax rates globally. In 2021, 20 nations modified their statutory corporate income taxes, yielding a fascinating insight into global trends and regional nuances in business taxation. Key Findings:

The African nation of Comoros has the highest corporate tax rate in the world at a staggering 50%. This rate is followed by Puerto Rico at 37% and Suriname at 36%.
On the other end of the spectrum, nations like Barbados (5%), Uzbekistan (7%), and Turkmenistan (8%) offer some of the world's lowest corporate tax rates, excluding jurisdictions where the tax rate is zero.
In the whirlwind of 2021, 20 countries made significant changes to their statutory corporate income tax rates. Interestingly, while three countries chose to increase their rates, the lion's share of changes (17 countries) led to decreased rates.
Among countries that increased their rates, Bangladesh had a significant jump from 25% to 32.5%, followed by Argentina from 30% to 35%, and Gibraltar from 10% to 12.5%.
Among those that slashed rates, the reductions ranged from a modest dip of less than 1% in Sweden to a whopping fall of 15% in Chile.
A unique group of 15 countries, including popular tax havens such as Bermuda, the Cayman Islands, and the United Arab Emirates, have done away with general corporate income tax entirely.

Countries with Highest Taxes

When it comes to maximum corporate tax rates globally, the African nation of Comoros takes the lead, imposing a staggering rate of 50% on its corporations' profits. Hot on the heels of Comoros, we find Puerto Rico, a territory of the United States with a corporate tax rate of 37%. The South American nation of Suriname comes in third, with a notable corporate tax rate of 36%. Further along the spectrum, the following seven nations reflect similar tax burdens, all imposing a corporate tax rate of 35%: Sudan, Argentina, Zambia, Chad, Guinea, Cuba, and Equatorial Guinea.

Here are the ten countries with the highest corporate taxes:

Comoros - 50%
Puerto Rico - 37%
Suriname - 36%
Sudan - 35%
Argentina - 35%
Zambia - 35%
Chad - 35%
Guinea - 35%
Cuba - 35%
Equatorial Guinea - 35%

Countries with Lowest Taxes

Barbados leads the pack with the lowest corporate tax rate of 5%. The country aims to attract businesses with its favorable taxation policy and serve as a regional hub for finance and corporate services. Following Barbados, is the Central Asian country of Uzbekistan, with a corporate tax rate slightly higher at 7%. Close behind, with an 8% corporate tax rate, Turkmenistan. Both Montenegro and Hungary have a corporate tax rate of 9% and focus on boosting domestic businesses and attracting foreign investment with their tax-friendly regimes. Further, Andorra, Timor Leste, North Macedonia, and Qatar have set their corporate tax rates at 10%. Finally, Bosnia and Herzegovina also maintains a corporate tax rate of 10%.

Countries with the Lowest Corporate Tax:

Barbados - 5%
Uzbekistan - 7%
Turkmenistan - 8%
Montenegro - 9%
Hungary - 9%
Andorra - 10%
Timor Leste - 10%
North Macedonia - 10%
Qatar - 10%
Bosnia and Herzegovina - 10%

Armenia

Metric

Value

Rank

Corporate Tax Rate

18%

#163

Aruba

Metric

Value

Rank

Corporate Tax Rate

25%

#114

Australia

Metric

Value

Rank

Corporate Tax Rate

30%

#36

Austria

Metric

Value

Rank

Corporate Tax Rate

25%

#98

Azerbaijan

Metric

Value

Rank

Corporate Tax Rate

20%

#147

Bangladesh

Metric

Value

Rank

Corporate Tax Rate

32%

#20

Barbados

Metric

Value

Rank

Corporate Tax Rate

#199

Belarus

Metric

Value

Rank

Corporate Tax Rate

18%

#161

Belgium

Metric

Value

Rank

Corporate Tax Rate

25%

#95

Belize

Metric

Value

Rank

Corporate Tax Rate

25%

#110

Benin

Metric

Value

Rank

Corporate Tax Rate

30%

#41

Bhutan

Metric

Value

Rank

Corporate Tax Rate

25%

#109

Bolivia

Metric

Value

Rank

Corporate Tax Rate

25%

#94

Bosnia and Herzegovina

Metric

Value

Rank

Corporate Tax Rate

10%

#190

Botswana

Metric

Value

Rank

Corporate Tax Rate

22%

#129

Brazil

Metric

Value

Rank

Corporate Tax Rate

34%

#14

Brunei

Metric

Value

Rank

Corporate Tax Rate

18%

#164

Bulgaria

Metric

Value

Rank

Corporate Tax Rate

10%

#189

Burkina Faso

Metric

Value

Rank

Corporate Tax Rate

28%

#68

Burundi

Metric

Value

Rank

Corporate Tax Rate

30%

#42

Cambodia

Metric

Value

Rank

Corporate Tax Rate

20%

#144

Cameroon

Metric

Value

Rank

Corporate Tax Rate

33%

#17

Canada

Metric

Value

Rank

Corporate Tax Rate

26%

#79

Central African Republic

Metric

Value

Rank

Corporate Tax Rate

30%

#48

Chad

Metric

Value

Rank

Corporate Tax Rate

35%

Chile

Metric

Value

Rank

Corporate Tax Rate

15%

#171

China

Metric

Value

Rank

Corporate Tax Rate

25%

#82

Colombia

Metric

Value

Rank

Corporate Tax Rate

31%

#23

Comoros

Metric

Value

Rank

Corporate Tax Rate

50%

Cook Islands

Metric

Value

Rank

Corporate Tax Rate

20%

#155

Costa Rica

Metric

Value

Rank

Corporate Tax Rate

30%

#49

Croatia

Metric

Value

Rank

Corporate Tax Rate

18%

#162

Cuba

Metric

Value

Rank

Corporate Tax Rate

35%

Curacao

Metric

Value

Rank

Corporate Tax Rate

22%

#130

Cyprus

Metric

Value

Rank

Corporate Tax Rate

12%

#184

DR Congo

Metric

Value

Rank

Corporate Tax Rate

30%

#31

Denmark

Metric

Value

Rank

Corporate Tax Rate

22%

#127

Djibouti

Metric

Value

Rank

Corporate Tax Rate

25%

#107

Dominica

Metric

Value

Rank

Corporate Tax Rate

25%

#116

Dominican Republic

Metric

Value

Rank

Corporate Tax Rate

27%

#74

Ecuador

Metric

Value

Rank

Corporate Tax Rate

25%

#91

Egypt

Metric

Value

Rank

Corporate Tax Rate

22%

#126

El Salvador

Metric

Value

Rank

Corporate Tax Rate

30%

#47

Equatorial Guinea

Metric

Value

Rank

Corporate Tax Rate

35%

#10

Eritrea

Metric

Value

Rank

Corporate Tax Rate

30%

#50

Estonia

Metric

Value

Rank

Corporate Tax Rate

20%

#152

Ethiopia

Metric

Value

Rank

Corporate Tax Rate

30%

#28

Fiji

Metric

Value

Rank

Corporate Tax Rate

20%

#153

Finland

Metric

Value

Rank

Corporate Tax Rate

20%

#150

France

Metric

Value

Rank

Corporate Tax Rate

28%

#65

French Polynesia

Metric

Value

Rank

Corporate Tax Rate

25%

#111

Gabon

Metric

Value

Rank

Corporate Tax Rate

30%

#51

Gambia

Metric

Value

Rank

Corporate Tax Rate

27%

#76

Georgia

Metric

Value

Rank

Corporate Tax Rate

15%

#177

Germany

Metric

Value

Rank

Corporate Tax Rate

29%

#63

Ghana

Metric

Value

Rank

Corporate Tax Rate

25%

#88

Gibraltar

Metric

Value

Rank

Corporate Tax Rate

12%

#186

Greece

Metric

Value

Rank

Corporate Tax Rate

24%

#121

Greenland

Metric

Value

Rank

Corporate Tax Rate

26%

#80

Grenada

Metric

Value

Rank

Corporate Tax Rate

28%

#71

Guam

Metric

Value

Rank

Corporate Tax Rate

21%

#132

Guatemala

Metric

Value

Rank

Corporate Tax Rate

25%

#92

Guinea

Metric

Value

Rank

Corporate Tax Rate

35%

Guinea Bissau

Metric

Value

Rank

Corporate Tax Rate

25%

#106

Guyana

Metric

Value

Rank

Corporate Tax Rate

25%

#108

Haiti

Metric

Value

Rank

Corporate Tax Rate

30%

#43

Honduras

Metric

Value

Rank

Corporate Tax Rate

25%

#97

Hong Kong

Metric

Value

Rank

Corporate Tax Rate

16%

#169

Hungary

Metric

Value

Rank

Corporate Tax Rate

#195

Iceland

Metric

Value

Rank

Corporate Tax Rate

20%

#154

India

Metric

Value

Rank

Corporate Tax Rate

30%

#26

Indonesia

Metric

Value

Rank

Corporate Tax Rate

22%

#125

Iran

Metric

Value

Rank

Corporate Tax Rate

25%

#84

Iraq

Metric

Value

Rank

Corporate Tax Rate

15%

#170

Ireland

Metric

Value

Rank

Corporate Tax Rate

12%

#182

Israel

Metric

Value

Rank

Corporate Tax Rate

23%

#124

Italy

Metric

Value

Rank

Corporate Tax Rate

27%

#72

Ivory Coast

Metric

Value

Rank

Corporate Tax Rate

25%

#90

Jamaica

Metric

Value

Rank

Corporate Tax Rate

25%

#104

Japan

Metric

Value

Rank

Corporate Tax Rate

29%

#62

Jordan

Metric

Value

Rank

Corporate Tax Rate

20%

#145

Kazakhstan

Metric

Value

Rank

Corporate Tax Rate

20%

#143

Kenya

Metric

Value

Rank

Corporate Tax Rate

30%

#33

Kiribati

Metric

Value

Rank

Corporate Tax Rate

30%

#56

Kuwait

Metric

Value

Rank

Corporate Tax Rate

15%

#176

Kyrgyzstan

Metric

Value

Rank

Corporate Tax Rate

10%

#188

Laos

Metric

Value

Rank

Corporate Tax Rate

20%

#148

Latvia

Metric

Value

Rank

Corporate Tax Rate

20%

#151

Lebanon

Metric

Value

Rank

Corporate Tax Rate

17%

#166

Lesotho

Metric

Value

Rank

Corporate Tax Rate

25%

#105

Liberia

Metric

Value

Rank

Corporate Tax Rate

25%

#99

Libya

Metric

Value

Rank

Corporate Tax Rate

20%

#149

Liechtenstein

Metric

Value

Rank

Corporate Tax Rate

12%

#185

Lithuania

Metric

Value

Rank

Corporate Tax Rate

15%

#179

Luxembourg

Metric

Value

Rank

Corporate Tax Rate

24%

#122

Madagascar

Metric

Value

Rank

Corporate Tax Rate

20%

#141

Malawi

Metric

Value

Rank

Corporate Tax Rate

30%

#38

Malaysia

Metric

Value

Rank

Corporate Tax Rate

24%

#118

Maldives

Metric

Value

Rank

Corporate Tax Rate

15%

#181

Mali

Metric

Value

Rank

Corporate Tax Rate

30%

#37

Malta

Metric

Value

Rank

Corporate Tax Rate

35%

#11

Mauritania

Metric

Value

Rank

Corporate Tax Rate

25%

#100

Mauritius

Metric

Value

Rank

Corporate Tax Rate

15%

#180

Mexico

Metric

Value

Rank

Corporate Tax Rate

30%

#29

Micronesia

Metric

Value

Rank

Corporate Tax Rate

30%

#57

Moldova

Metric

Value

Rank

Corporate Tax Rate

12%

#183

Monaco

Metric

Value

Rank

Corporate Tax Rate

26%

#81

Mongolia

Metric

Value

Rank

Corporate Tax Rate

25%

#102

Montenegro

Metric

Value

Rank

Corporate Tax Rate

#196

Montserrat

Metric

Value

Rank

Corporate Tax Rate

30%

#59

Morocco

Metric

Value

Rank

Corporate Tax Rate

31%

#24

Mozambique

Metric

Value

Rank

Corporate Tax Rate

32%

#21

Myanmar

Metric

Value

Rank

Corporate Tax Rate

25%

#85

Namibia

Metric

Value

Rank

Corporate Tax Rate

32%

#22

Nauru

Metric

Value

Rank

Corporate Tax Rate

25%

#117

Nepal

Metric

Value

Rank

Corporate Tax Rate

25%

#89

Netherlands

Metric

Value

Rank

Corporate Tax Rate

25%

#93

New Caledonia

Metric

Value

Rank

Corporate Tax Rate

30%

#54

New Zealand

Metric

Value

Rank

Corporate Tax Rate

28%

#70

Nicaragua

Metric

Value

Rank

Corporate Tax Rate

30%

#46

Niger

Metric

Value

Rank

Corporate Tax Rate

30%

#35

Nigeria

Metric

Value

Rank

Corporate Tax Rate

30%

#27

Niue

Metric

Value

Rank

Corporate Tax Rate

30%

#60

North Macedonia

Metric

Value

Rank

Corporate Tax Rate

10%

#192

Northern Mariana Islands

Metric

Value

Rank

Corporate Tax Rate

21%

#133

Norway

Metric

Value

Rank

Corporate Tax Rate

22%

#128

Oman

Metric

Value

Rank

Corporate Tax Rate

15%

#175

Pakistan

Metric

Value

Rank

Corporate Tax Rate

29%

#61

Palestine

Metric

Value

Rank

Corporate Tax Rate

15%

#174

Panama

Metric

Value

Rank

Corporate Tax Rate

25%

#101

Papua New Guinea

Metric

Value

Rank

Corporate Tax Rate

30%

#44

Paraguay

Metric

Value

Rank

Corporate Tax Rate

10%

#187

Peru

Metric

Value

Rank

Corporate Tax Rate

29%

#64

Philippines

Metric

Value

Rank

Corporate Tax Rate

30%

#30

Poland

Metric

Value

Rank

Corporate Tax Rate

19%

#157

Portugal

Metric

Value

Rank

Corporate Tax Rate

31%

#25

Puerto Rico

Metric

Value

Rank

Corporate Tax Rate

37%

Qatar

Metric

Value

Rank

Corporate Tax Rate

10%

#191

Republic of the Congo

Metric

Value

Rank

Corporate Tax Rate

28%

#69

Romania

Metric

Value

Rank

Corporate Tax Rate

16%

#168

Russia

Metric

Value

Rank

Corporate Tax Rate

20%

#134

Rwanda

Metric

Value

Rank

Corporate Tax Rate

30%

#40

Saint Kitts and Nevis

Metric

Value

Rank

Corporate Tax Rate

33%

#19

Saint Lucia

Metric

Value

Rank

Corporate Tax Rate

30%

#55

Saint Martin

Metric

Value

Rank

Corporate Tax Rate

35%

#13

Saint Vincent and the Grenadines

Metric

Value

Rank

Corporate Tax Rate

30%

#58

Samoa

Metric

Value

Rank

Corporate Tax Rate

27%

#77

San Marino

Metric

Value

Rank

Corporate Tax Rate

17%

#167

Sao Tome and Principe

Metric

Value

Rank

Corporate Tax Rate

25%

#112

Saudi Arabia

Metric

Value

Rank

Corporate Tax Rate

20%

#139

Senegal

Metric

Value

Rank

Corporate Tax Rate

30%

#39

Serbia

Metric

Value

Rank

Corporate Tax Rate

15%

#173

Seychelles

Metric

Value

Rank

Corporate Tax Rate

33%

#18

Sierra Leone

Metric

Value

Rank

Corporate Tax Rate

30%

#45

Singapore

Metric

Value

Rank

Corporate Tax Rate

17%

#165

Sint Maarten

Metric

Value

Rank

Corporate Tax Rate

35%

#12

Slovakia

Metric

Value

Rank

Corporate Tax Rate

21%

#131

Slovenia

Metric

Value

Rank

Corporate Tax Rate

19%

#159

Solomon Islands

Metric

Value

Rank

Corporate Tax Rate

30%

#53

South Africa

Metric

Value

Rank

Corporate Tax Rate

28%

#66

South Korea

Metric

Value

Rank

Corporate Tax Rate

27%

#73

South Sudan

Metric

Value

Rank

Corporate Tax Rate

25%

#96

Spain

Metric

Value

Rank

Corporate Tax Rate

25%

#86

Sri Lanka

Metric

Value

Rank

Corporate Tax Rate

24%

#119

Sudan

Metric

Value

Rank

Corporate Tax Rate

35%

Suriname

Metric

Value

Rank

Corporate Tax Rate

36%

Sweden

Metric

Value

Rank

Corporate Tax Rate

20%

#146

Switzerland

Metric

Value

Rank

Corporate Tax Rate

19%

#158

Syria

Metric

Value

Rank

Corporate Tax Rate

28%

#67

Taiwan

Metric

Value

Rank

Corporate Tax Rate

20%

#142

Tajikistan

Metric

Value

Rank

Corporate Tax Rate

23%

#123

Tanzania

Metric

Value

Rank

Corporate Tax Rate

30%

#32

Thailand

Metric

Value

Rank

Corporate Tax Rate

20%

#137

Timor Leste

Metric

Value

Rank

Corporate Tax Rate

10%

#193

Togo

Metric

Value

Rank

Corporate Tax Rate

27%

#75

Tonga

Metric

Value

Rank

Corporate Tax Rate

25%

#113

Trinidad and Tobago

Metric

Value

Rank

Corporate Tax Rate

30%

#52

Tunisia

Metric

Value

Rank

Corporate Tax Rate

15%

#172

Turkey

Metric

Value

Rank

Corporate Tax Rate

20%

#136

Turkmenistan

Metric

Value

Rank

Corporate Tax Rate

#197

Uganda

Metric

Value

Rank

Corporate Tax Rate

30%

#34

Ukraine

Metric

Value

Rank

Corporate Tax Rate

18%

#160

United Kingdom

Metric

Value

Rank

Corporate Tax Rate

19%

#156

United States

Metric

Value

Rank

Corporate Tax Rate

25%

#83

Uruguay

Metric

Value

Rank

Corporate Tax Rate

25%

#103

Uzbekistan

Metric

Value

Rank

Corporate Tax Rate

#198

Venezuela

Metric

Value

Rank

Corporate Tax Rate

34%

#15

Vietnam

Metric

Value

Rank

Corporate Tax Rate

20%

#135

Yemen

Metric

Value

Rank

Corporate Tax Rate

20%

#140

Zambia

Metric

Value

Rank

Corporate Tax Rate

35%

Zimbabwe

Metric

Value

Rank

Corporate Tax Rate

24%

#120

Additional Tax Datasets