🌍 Eqinics Global Corporate Tax Rate Index
Published on by Eqinics Editorial Team
In today’s interconnected economy, choosing the right jurisdiction can make a world of difference for businesses seeking growth, efficiency, and sustainability. Our Global Corporate Tax Rate Index provides a clear, country-by-country overview of corporate tax rates, empowering entrepreneurs, investors, and companies to make informed decisions. Whether you’re expanding internationally, relocating your headquarters, or simply comparing tax landscapes, this index is your trusted guide to understanding where businesses thrive—and how strategic tax planning can unlock global opportunities.
| Territory | Headline CIT rate (%) | Details |
|---|---|---|
| Afghanistan | 20 | |
| Albania | 15 | Last reviewed 30 June 2025 |
| Algeria | 26 | Last reviewed 14 July 2025, 19% for manufacturing activities; 23% for building activities, public works, and hydraulics, as well as tourist and thermal activities, excluding travel agencies; 26% for all other activities. |
| Angola | 25 | Last reviewed 01 July 2025 |
| Argentina | 35 | Last reviewed 05 February 2025 |
| Armenia | 18 | Last reviewed 30 June 2025 |
| Aruba | 22 | |
| Australia | 30 | Last reviewed 27 June 2025, (25% for 'small-medium business' entities) |
| Austria | 23 | Last reviewed 15 July 2025, (until 2022 this rate was 25%, in 2023 it was 24%) |
| Azerbaijan | 20 | Last reviewed 30 June 2025 |
| Bahamas | 0 | There is no corporate tax, withholding tax, payroll tax or transfer tax levied on businesses in the Bahamas. However, businesses require a licence to operate, which is charged at either a flat-rate of $100 or at up to 3% of turnover depending on the amount of revenue generated. |
| Bahrain | 0 | Last reviewed 14 February 2025, 46 for oil corp.'s. Note that 15% DMTT may apply. |
| Bangladesh | 25 | Last reviewed 14 July 2025, 22.5% or 25% for publicly traded companies (with exceptions); 27.5% for non-publicly traded companies (with exceptions); Please refer to the Taxes on corporate income section for effective tax rates for different classes of companies. |
| Barbados | 9 | Last reviewed 17 February 2025, Companies that are members of an MNE group, with an annual consolidated revenue of EUR 750 million or more, whose ultimate parent entity or intermediary parent entities are located in a jurisdiction that has not enacted top-up tax legislation : %9, Companies registered as approved small businesses: %5.5, Companies engaged in international shipping business: 5.5% - 1%, Class 1, Class 2, and Class 3 insurance companies: 0% - 2%, Income derived from qualifying intellectual property (IP): 4.5% |
| Belarus | 25 | |
| Belgium | 25 | Last reviewed 17 July 2025 |
| Benin | 30 | |
| Bermuda | 15 | Last reviewed 31 January 2025, (if subject to Bermuda CIT) or 0% |
| Bolivia | 25 | Last reviewed 17 July 2025, (except for mining, financial institutions, and insurance/reinsurance companies, which have an additional income tax rate). |
| Bosnia and Herzegovina | 10 | Last reviewed 19 August 2025 |
| Botswana | 22 | Last reviewed 17 April 2025 |
| Brazil | 34 | Last reviewed 02 May 2025, (composed of IRPJ at the rate of 25% and CSLL at the rate of 9%). |
| British Virgin Islands | 0 | |
| Brunei | 18.5 | Last reviewed 09 June 2025, (55% on income from petroleum operations in Brunei) |
| Bulgaria | 10 | Last reviewed 04 March 2025 |
| Burkina Faso | 27.5 | |
| Cabo Verde | 21.42 | Last reviewed 15 July 2025, (i.e. 21% + 2% surcharge) |
| Cambodia | 20 | Last reviewed 19 March 2025 |
| Cameroon | 33 | Last reviewed 04 March 2025 |
| Canada | 38 | Last reviewed 13 June 2025, Basic rate: 38%, Federal rate: 28%, Net Federal Tax rate:15% |
| Cayman Islands | 0 | Last reviewed 15 July 2025 |
| Chad | 35 | Last reviewed 12 August 2024 |
| Chile | 25 | Last reviewed 13 August 2025, * under the Small and Medium Enterprise System:%25, ** under the partially integrated system: %27 |
| China | 25 | Last reviewed 02 July 2025 |
| Colombia | 35 | Last reviewed 14 July 2025 |
| Democratic Republic of the Congo | 30 | Last reviewed 15 October 2024 |
| Republic of Congo | 28 | Last reviewed 22 January 2025 |
| Costa Rica | 30 | Last reviewed 30 June 2025 |
| Croatia | 18 | Last reviewed 30 June 2025, (10% for companies realising less than EUR 1 million in revenues) |
| Cyprus | 12.5 | Last reviewed 01 July 2025 |
| Czech Republic | 21 | Last reviewed 24 July 2025 |
| Denmark | 22 | Last reviewed 04 February 2025 |
| Dominican Republic | 27 | Last reviewed 30 May 2025 |
| Ecuador | 25 | Last reviewed 13 March 2025, 22%, 25%, or 28%, depending on the company's shareholders structure (corporate structure) and disclosure compliance. |
| Egypt | 22.5 | Last reviewed 13 August 2025 |
| El Salvador | 30 | Last reviewed 06 February 2025 |
| Equatorial Guinea | 25 | Last reviewed 07 May 2024 |
| Estonia | 22 | Last reviewed 29 May 2025, (undistributed profits are tax exempt) |
| Estwatini | 25 | Last reviewed 13 August 2025 |
| Ethiopia | 30 | Last reviewed 22 July 2025 |
| European Union | 21.5 | Average Value |
| Fiji | 25 | |
| Finland | 20 | Last reviewed 24 January 2025 |
| France | 25 | Last reviewed 05 June 2025 |
| Gabon | 30 | Last reviewed 04 March 2024, (35% for oil & gas and mining companies) |
| Gambia | 27 | |
| Georgia | 5.19 | Last reviewed 14 July 2025, https://dor.georgia.gov/taxes/corporate-income-and-net-worth-tax |
| Germany | 29.9 | Last reviewed 30 June 2025 |
| Ghana | 25 | Last reviewed 03 December 2024 |
| Gibraltar | 15 | Last reviewed 03 March 2025, Utility and energy providers and corp.'s abusing a dominant position pay a rate of 20%. |
| Greece | 22 | Last reviewed 21 July 2025 |
| Greenland | 25 | Last reviewed 15 August 2025, (6% surcharge tax on underpaid/non-paid on account tax before year end) |
| Guam | 21 | |
| Guatemala | 25 | Last reviewed 15 July 2025, System on earnings: 25% on net income; Simplified optional system: 7% on gross income |
| Guinea | 30 | |
| Guernsey, Channel Islands | 0 | Last reviewed 27 June 2025, Banking, custody services, insurance, certain fund administration businesses, regulated investment management services to individual clients, operating an investment exchange, compliance and other related activities provided to regulated financial services businesses, and operating an aircraft registry: 10; Income from property, importation of hydrocarbon oil and gas, retail businesses where taxable profits are above GBP 500,000, income from the licensed activity of cultivation of cannabis plants, and income from the use of those cultivated cannabis plants or parts of those cultivated cannabis plants: 20. |
| Guyana | 25 | Last reviewed 15 July 2025 |
| Honduras | 25 | Last reviewed 20 January 2025, Plus a surcharge of 5% on net taxable income over HNL 1 million. |
| Hong Kong | 16.5 | Last reviewed 02 July 2025 |
| Hungary | 9 | Last reviewed 07 August 2025 |
| Iceland | 21 | Last reviewed 20 August 2025 |
| India | 34.94 | Last reviewed 06 May 2025, Varies based on turnover. Less than 10 million Indian rupees (INR): %31.2, More than INR 10 million but less than INR 100 million: %33.38, More than INR 100 million: %34.94 . Foreign companies (having PE in India): 35% (plus applicable surcharge and cess). Please refer to the Taxes on corporate income section for effective tax rates for different classes of companies. |
| Indonesia | 22 | Last reviewed 24 June 2025 |
| Iraq | 15 | Last reviewed 01 June 2025, (35 for certain companies in the oil and gas sector) |
| Ireland | 12.5 | Last reviewed 11 July 2025, Non-trading corp.: 25 |
| Isle of Man | 0 | Last reviewed 31 July 2025, Banks: %10; Income from real estate: %20; Large retailers: %10 |
| Israel | 23 | Last reviewed 02 August 2025 |
| Italy | 24 | Last reviewed 10 February 2025 |
| Ivory Coast | 25 | Last reviewed 20 November 2024 |
| Jamaica | 25 | Last reviewed 12 August 2025, There are special instances in which companies may pay as low as 12.5% (companies operating within the Special Economic Zone) |
| Japan | 23.2 | Last reviewed 02 July 2025 |
| Jersey, Channel Islands | 0 | Last reviewed 30 June 2025, with certain financial services companies paying 10, and utility companies, large corporate retailers, and cannabis businesses paying 20. |
| Jordan | 20 | Last reviewed 13 August 2025,Banks: 35%; Telecommunications companies, insurance companies, financial intermediaries, mining companies, and electricity generation and distribution companies: 24%; Note that a national contribution tax also applies to taxable income, with rates varying based on the sector. |
| Kazakhstan | 20 | Last reviewed 30 May 2025, The standard corporate income tax rate in Kazakhstan is 20%. From 1 January 2026, the corporate income tax rate for certain entities/activities will be as follows: banks – 25% gambling activities – 25% |
| Kenya | 30 | Last reviewed 05 August 2025, Resident Companies are taxed at a rate of 30%. Non-resident companies are taxed at a rate of 37.5%. |
| Korea | 24 | Last reviewed 25 July 2025 |
| Kosovo | 10 | Last reviewed 22 January 2025 |
| Kuwait | 15 | Last reviewed 30 June 2025 |
| Laos | 20 | Last reviewed 14 August 2025 |
| Latvia | 20 | Last reviewed 03 July 2025, (payable only when profits are distributed). |
| Lebanon | 17 | Last reviewed 30 June 2025 |
| Lesotho | 25 | |
| Libya | 24 | Last reviewed 01 June 2025, (i.e. 20% + 4% Jehad Tax) |
| Liechtenstein | 12.5 | Last reviewed 17 June 2025 |
| Lithuania | 16 | Last reviewed 05 March 2025, small companies and agricultural companies can apply a reduced CIT rate of 0% or 6% if certain conditions are met. |
| Luxembourg | 23.87 | Last reviewed 29 July 2025, 23.87% on a combined basis (CIT, solidarity surtax, and municipal business tax [Luxembourg City]) as of fiscal year 2025 (previously 24.94%) |
| Macau | 12 | Last reviewed 09 June 2025 |
| Madagascar | 20 | Last reviewed 26 March 2025 |
| Malawi | 30 | Branches of foreign companies are taxed at 35%, while Malawi-registered companies are taxed at the rate of 30%. |
| Malaysia | 24 | Last reviewed 07 July 2025 |
| Maldives | 15 | |
| Malta | 35 | Last reviewed 24 January 2025 |
| Mauritania | 25 | Last reviewed 18 July 2024 |
| Mauritius | 15 | Last reviewed 30 June 2025, (3% for companies exporting goods) |
| Mexico | 30 | Last reviewed 31 July 2025 |
| Micronesia | 21 | |
| Moldova | 12 | Last reviewed 02 July 2025, The CIT rate is 12%. Individual entrepreneurs are subject to a 12% CIT rate on their total income. Farming enterprises are subject to a 7% CIT rate. |
| Mongolia | 25 | Last reviewed 02 July 2025, While the standard rate of corporate tax is 10 percent for taxable profits up to MNT6bn and 25 percent on taxable profits in excess of MNT6bn, corporations with taxable income up to MNT300m pay 1 percent corporate tax. |
| Montenegro | 9 | Last reviewed 15 July 2025, For profits up to 100,000 euros (EUR), the applicable tax rate is 9%. For profits from EUR 100,000.01 to EUR 1,500,000, the tax is EUR 9,000 plus 12% on the profit above EUR 100,000. For profits above EUR 1,500,000, the tax is EUR 177,000 plus 15% on the profit above EUR 1,500,000. |
| Morocco | 34 | Last reviewed 13 March 2025, The corporate tax rate in Morocco follows a progressive structure based on annual net profits. As of the latest update, companies are taxed at a rate of 21.5% on profits up to MAD 100 million. For profits exceeding MAD 100 million, the rate increases to 34%. |
| Mozambique | 32 | Last reviewed 17 July 2025, (Reduced rate of 10% is applicable to agricultural, livestock, aquaculture, and urban transportation activities). |
| Myanmar | 22 | Last reviewed 03 June 2025 |
| Namibia | 31 | Last reviewed 06 July 2025, (30% rate effective for companies whose financial years will commence on or after 1 January 2025) |
| Netherlands | 25.8 | Last reviewed 07 July 2025, If the taxable amount is € 395,000 or less, the corporate income tax rate is 15%. If the taxable amount is more than € 395,000, the corporate income tax rate is € 59,250 plus 25,8% for the taxable amount exceeding € 395,000. |
| New Caledonia | 30 | Last reviewed 25 July 2025, New Caledonia levies CIT at a 35% rate for metallurgical or mining activities. For other corporates, CIT is levied at a 30% rate (that could be reduced to 15% depending on turnover thresholds). |
| New Zealand | 28 | Last reviewed 09 July 2025 |
| Nicaragua | 30 | Last reviewed 16 July 2025 |
| Nigeria | 30 | Last reviewed 14 April 2025, 30% for large companies; 20% for medium companies; 0% for small companies |
| North Macedonia | 10 | Last reviewed 18 February 2025 |
| Norway | 22 | Last reviewed 01 July 2025, (25% for certain companies within the financial sector). |
| Oman | 15 | Last reviewed 30 June 2025 |
| Pakistan | 29 | Last reviewed 04 August 2025, Small Companies: 20%, Banks: 39%, Others: 29% |
| Palestine | 15 | Last reviewed 21 July 2025, (20% for telecommunication companies and other companies that operate under a franchise or a monopoly in the Palestinian market) |
| Panama | 25 | Last reviewed 19 August 2025 |
| Papua New Guinea | 30 | Last reviewed 16 June 2025, The standard resident corporate rate is 30% and standard non-resident corporate rate is 48% |
| Paraguay | 10 | Last reviewed 16 July 2025 |
| Peru | 29.5 | Last reviewed 15 July 2025 |
| Philippines | 25 | Last reviewed 25 February 2025, Philippine corporations are taxed at a standard rate of 25%. A reduced rate of 20% applies to smaller corporations with net taxable income below PHP 5 million and total assets under PHP 100 million |
| Poland | 19 | Last reviewed 20 July 2025 |
| Portugal | 21 | Last reviewed 09 July 2025, The normal rate of Corporate Income Tax (IRC) is: 21% in mainland Portugal. 20% in the Autonomous Region of Madeira. |
| Puerto Rico | 37.5 | Last reviewed 30 June 2025, (i.e. 18.5% + 19% surtax on income over USD 275,000). |
| Qatar | 10 | Last reviewed 06 March 2025, (except for petrochemical/petroleum companies/operations, for which a minimum rate of 35% applies). |
| Romania | 16 | Last reviewed 14 May 2025, The standard corporate income tax rate is 16 percent. Withholding tax rates On dividends paid to non-resident companies Generally 5 percent, unless a lower tax treaty rate applies. |
| Russia | 25 | |
| Rwanda | 28 | Last reviewed 28 July 2025 |
| Saint Lucia | 33.3 | Last reviewed 17 February 2025 |
| Samoa | 27 | Samoa corporate tax rates are calculated as below: Taxable income under SAT15,000: 0% Taxable income from SAT15,001 to SAT25,000: 20% Taxable income over SAT25,000: 27% |
| Saudi Arabia | 20 | Last reviewed 20 August 2025 |
| Senegal | 30 | Last reviewed 19 July 2024 |
| Serbia | 15 | Last reviewed 15 July 2025 |
| Seychelles | 25 | Based on Seychelles Business Tax Act 2009, the Seychelles company tax rate (i.e. Seychelles corporate tax or business tax) is 25% on the first SR 1,000,000 of taxable income and 33% on the remainder. |
| Sierra Leone | 25 | |
| Singapore | 17 | Last reviewed 29 July 2025 |
| Slovakia | 21 | Last reviewed 06 February 2025, The standard corporate income tax rate is 21 percent. Starting from the tax period beginning on January 1, 2021, the tax rate for legal entities and individual entrepreneurs, whose income (revenues) does not exceed EUR 49,790 per year, was reduced to 15 percent. |
| Slovenia | 19 | Last reviewed 27 June 2025 |
| Solomon Islands | 30 | |
| South Africa | 27 | Last reviewed 30 May 2025 |
| Spain | 25 | Last reviewed 30 June 2025 |
| Sri Lanka | 30 | |
| Sudan | 35 | |
| Suriname | 36 | |
| Swaziland | 27.5 | |
| Sweden | 20.6 | Last reviewed 15 August 2025 |
| Switzerland | 14.6 | Last reviewed 15 July 2025 |
| Syria | 22 | |
| Taiwan | 20 | Last reviewed 03 July 2025 |
| Tanzania | 30 | Last reviewed 20 January 2025 |
| Thailand | 20 | Last reviewed 30 June 2025 |
| Timor Leste | 10 | Last reviewed 29 July 2025 |
| Tonga | 25 | |
| Trinidad And Tobago | 30 | Last reviewed 31 January 2025, (35% for commercial banks and petrochemical companies) |
| Tunisia | 20 | Last reviewed 15 August 2025 |
| Turkey | 25 | Last reviewed 09 April 2025, (30% for financial sector companies) |
| Uganda | 30 | Last reviewed 10 February 2025 |
| Ukraine | 18 | Last reviewed 18 July 2025, %18 - general tax rate; %25 - for the financial institutions (except insurance companies),% 25 - for the banks (for 2025) |
| United Arab Emirates | 9 | Last reviewed 21 February 2025, As per Ministry of Finance, CT rates are: 0 per cent for taxable income up to AED 375,000. 9 per cent for taxable income above AED 375,000 |
| United Kingdom | 25 | Last reviewed 01 July 2025, Small profits rate (companies with profits under £50,000) : %19 |
| United States | 21 | Last reviewed 15 August 2025, Federal CIT: 21%. State CITs range from 1% to 12% (although some states impose no CIT) and are deductible expenses for federal CIT purposes. |
| Uruguay | 25 | Last reviewed 21 August 2025 |
| Uzbekistan | 15 | Last reviewed 09 February 2025 |
| Vanatu | 0 | |
| Venezuela | 34 | Last reviewed 20 August 2025 |
| Vietnam | 20 | Last reviewed 26 March 2025 |
| Zambia | 30 | Last reviewed 02 June 2025 |
| Zimbabwe | 25 |
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