Countries by corporate tax rate

Tax Tips for the Self-Employed. Find Out More About Your Taxes! Industry-Specific Deductions. Get Every Dollar You Deserve. Free for Simple Tax Returns. Maximum Refund Guaranteed. Which countries have the highest tax rates? What is US corporation tax rate?

The list focuses on the main indicative types of taxes: corporate tax , individual income tax , and sales tax , including VAT and GST, but does not list capital gains tax. Some other taxes (for instance property tax , substantial in many countries , such as the United States) and payroll tax are not shown here. Seventy-five countries have a statutory corporate tax rate lower than percent and 1countries have a corporate tax rate below percent. List of Countries by Corporate Tax Rate - provides a table with the latest tax rate figures for several countries including actual values, forecasts, statistics and historical data. Over the past years, the corporate tax rate has consistently declined on a global basis.

Tax rates vary based on the corporate laws of each nation. To get an idea of the effective corporate tax rates around the worl we can look at data compiled by the Organisation for Economic Co-operation and. All European countries tax corporate income.

However, corporate income tax (CIT) rates differ substantially across countries, ranging from percent in Hungary to 34. Europe’s average CIT rate (2 percent) is slightly higher than the global average (2 percent). The map shows statutory CIT rates in European. Other countries with higher than average corporate tax rates. KPMG’s corporate tax table provides a view of corporate tax rates around the world.

Corporate tax is imposed in the United States at the federal, most state, and some local levels on the income of entities treated for tax purposes as corporations. Increase Your Tax Savings. That consisted of a federal tax rate on corporate income, with the remainder coming from state-level taxes that most U. Deutschlan as Germans call it, starts this list of countries with the highest taxes in the world with a tax rate of 47. It is the most populous country in Europe (if you do not count Russia) an in many ways, it is the powerhouse that drives Europe. European countries tend to have lower corporate income tax rates than countries in other regions, and many developing countries have corporate income tax rates that are above the worldwide average.

Today, most countries have corporate tax rates below percent. Comparisons of corporate tax rates should focus on the measures that reflect what companies actually pay, not the top statutory rate. Proponents of slashing the corporate tax rate often note the U. The tax is levied on both locally incorporated companies as well as foreign investors unless if the company operates in the free trade zones.

The branch tax rate may be reduced under the provisions of an applicable tax treaty. The Congressional Budget Office estimates that the U. Chapter - Countries - Tax revenue and of GDP by level of government and main taxes Chapter - Table 3. Tax revenues of subsectors of general government as of total tax revenue Chapter - Table 3.