Oecd corporate tax rates

UNDERSTANDING THE DATABASE-STATUTORY CORPORATE INCOME TAX RATESThe data on statutory corporate tax rates for OECD jurisdictions are sourced from the OECD Tax Database. 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. Stat enables users to search for and extract data from across OECD’s many databases. Sub-central corporate income tax rates.

Corporate income tax rate. A related OECD release reports that the analysis shows that corporate income tax remains a significant source of tax revenues for governments across the globe—despite a trend of falling corporate tax rates.

Tax on corporate profits is defined as taxes levied on the net profits (gross income minus allowable tax reliefs) of enterprises. It also covers taxes levied on the capital gains of enterprises. This indicator relates to government as a whole (all government levels) and is measured in percentage both of GDP and of total taxation.

What country has the highest corporate taxes? What is the current corporate tax rate? How to calculate the corporate marginal tax rate? Very few tax jurisdictions impose a corporate income tax at statutory rates greater than percent. A plurality of countries (total) impose a rate between and percent.

Africa’s average top marginal corporate income tax rate of 28.

Europe has the lowest average tax rate at 18. While progressive taxes rates for personal and corporate income are in decline in many countries, OECD experts said there were other. In fact, about half of OECD nations have “territorial” systems that tax firms only on their domestic income. The combination of high rates , worldwide taxation and a competitive global marketplace makes our corporate tax system extremely punishing. KPMG ’s corporate tax table provides a view of corporate tax rates around the world.

Use our interactive Tax rates tool to compare tax rates by country, jurisdiction or region. The data show that the United States still leads the world in high corporate income tax rates. At the federal level, no corporate capital tax is levied.

In addition to the direct federal CIT, each canton has its own tax law and levies cantonal and communal corporate income and capital taxes at different rates. Therefore, the tax burden of income (and capital) varies from canton to canton. OECD analysis shows the average corporate income tax rate across the OECD has dropped from 32. While the declining trend in the average OECD corporate tax rate has gained renewed momentum in recent years, corporate tax rate reductions are less pronounced than before the crisis.

Out of the countries in the OECD , America ranks first with a 39. Sweden, often cited as the most progressive tax regime in the OECD , maintains a top statutory income tax rate. The OECD figure is what’s called the statutory rate.

The average of the other members of the OECD is 24. Weighted by country GDP, the average. The value-added tax (VAT)—a type of general consumption tax collected in stages—is the main source of consumption tax revenue.

VAT is employed worldwide in 1countries, including in all OECD member countries except the United States.

Most consumption tax revenue in the United States is collected by state and local governments. 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.

Even after accounting for additional state-level corporate income tax rates , the United States remained on top (3 ). The result is that the tax burden is heavily concentrated on a small number of companies, with companies accounting for almost of total business tax payments, says the OECD , which recommends realigning business tax rates across sectors. The US corporate income tax rate is now lower than the top rate in all other leading economies except for the United Kingdom. The model is the OECD Revenue Statistics database which is a fundamental reference, backed by a well-established methodology, for OECD member countries.

Extending the OECD methodology to Asian countries enables comparisons about tax levels and tax structures on a consistent basis, both among Asian economies and between OECD and Asian economies. All Tajik legal entities are subject to corporate income tax (CIT) in Tajikistan. Tajik residents are taxed on their worldwide income.

Non-residents are subject to CIT in Tajikistan only on Tajikistan-source income.