Federal CIT: 15%. the information is not currently provided in this chart). branch tax imposed in addition to the corporate income tax (e.g., branch profits tax or branch remittance tax), as described in the notes column. Please try again. Error! 22% to 28%, depending on the company's shareholders structure (corporate structure) and disclosure compliance. Some countries also have lower rates of corporation tax for smaller companies. Federal CIT: 21%. Global tax rates 2020 provides corporate income tax, historic corporate income tax, and domestic withholding tax rates for more than 150 jurisdictions. Corporate income tax/solidarity surcharge: 15.825%; 10 (utility and energy providers and corp.'s abusing a dominant position pay a rate of 20%). The second edition of the database contains six main categories of data: The data on statutory corporate tax rates for OECD jurisdictions are sourced from the OECD Tax Database. Millennials and Gen Zs hold the key to creating a “better normal”. While this database is of interest to policy makers from the perspective of BEPS, its scope is much broader. Corporate Tax Rates 2020 includes information on statutory national and local corporate income tax rates applicable to companies and branches, as well as any applicable branch tax imposed in addition to the corporate income tax (e.g., branch profits tax or branch remittance tax). Further methodological information is available in the corporate effective tax rates explanatory annex. From: January 2020 Update. Anonymised and aggregated CbCR statistics represent an important new source of data on the global tax and economic activities of multinational enterprises. Additional information on corporate tax rates for the countries in this document is available in the country- Please enable JavaScript to view the site. The nominal rate for FY 2020 is 32%, this rate will decrease to 30% in 2022 (31% in FY 2021). Join us for a celebration of 175 years of making an impact that matters. An explanatory annex for OECD jurisdictions and an explanatory annex for non-OECD jurisdictions contain further information on statutory corporate income taxes for certain jurisdictions. This site uses cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, and help us understand your interests and enhance the site. 34 (composed of IRPJ at the rate of 25% and CSLL at the rate of 9%). The quoted income tax rate is, except where noted, the top rate of tax: most jurisdictions have lower rate of taxes for low levels of income. Chapter 4 - Countries - Tax revenue and % of GDP by level of government and main taxes Chapter 3 - Table 3.15 - Tax revenues of subsectors of general government as % of total tax revenue Chapter 3 - Table 3.2 Total tax revenue in US dollars at market exchange rate First HKD 2,000,000 of assessable profits at 8.25%; Domestic corp.: 25%* if turnover/gross receipts do not exceed INR 4 billion for FY 2017/18; otherwise, 30% (surcharge ranging from 7% to 12% of tax applicable); 15 (35 for certain companies in the oil and gas sector). Data and research on income taxes including OECD tax databases, taxing wages, revenue statistics, tax policy studies., The Corporate Tax Statistics database is intended to assist in the study of corporate tax policy and expand the quality and range of data available for the analysis of base erosion and profit shifting (BEPS). Learn how this new reality is coming together and what it will mean for you and your industry. The data on coporate tax revenues are sourced from the Global Revenue Statistics Database. In instances where the highest statutory CIT rate cannot be easily defined, the territory color will be grey (but can still be viewed by hovering over it).