Worldwide corporate tax rates

Free for Simple Tax Returns. Maximum Refund Guaranteed. Increase Your Tax Savings. Tax Tips for the Self-Employed. Find Out More About Your Taxes!

Is corporate tax rates, or countries, converging? What are the corporate tax rates? 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. 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. In general, large industrialized nations tend to have higher statutory corporate income tax rates than developing countries.

The worldwide average statutory corporate income tax rate , measured across 1jurisdictions, is 24. Other countries with higher than average corporate tax rates include India ( ), Venezuela ( ), Brazil ( ) and Japan ( 3 ). BBD million of taxable income to on amounts in excess of BBD million. Insurance companies taxed at or , depending on license classification. If you are responsible for managing taxes in a business that trades or operates across a number of different territories, you understand how much of a challenge it can be trying to keep on top of the tax rates and rules in each of them, notwithstanding the fact that these frequently change. You're In and File With Confidence.

Worldwide Tax Summaries cuts through those complexities. Industry-Specific Deductions. Get Every Dollar You Deserve.

Net profits remitted to foreign head office of branch subject to withholding tax. Bahamas No income tax. On average, European OECD countries currently levy a corporate income tax rate of 21. This is below the worldwide average which, measured across 1jurisdictions, was 24.

European OECD countries— like most regions around the world—have experienced a decline in corporate income tax rates over the last decades. Corporate Tax Rate in the United States averaged 32. Information on corporate and individual tax rates and rules in over 1countries worldwide.

America’s competitiveness on the global stage so that the U. The tax framework that the Trump Administration and congressional Republican leaders announced on September would dramatically lower the top corporate tax rate , from percent to percent. President Trump has argued that the U. These comparisons are misleading. Rather than focusing on the top statutory.

This rate will be effective for corporations whose tax year begins after Jan.