Transfer Pricing Country Profiles

Argentina
Argentina Corporate taxation The corporate tax rate in Argentina is 35%. A minimum income tax at a rate of 1% is applied to the tax value of the company's fixed ...
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Argentina

Australia
Australia Corporate taxation The corporate tax rate in Australia is 30% in 2017. The corporate income tax rate applies to both resident and non-resident companies. A resident company is liable ...
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Australia

Austria
Austria Corporate taxation The corporate tax rate is 25%. There is a minimum corporate income tax of EUR 1,750 for limited liability companies and EUR 3,500 for joint stock companies ...
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Austria

Bahamas
Bahamas Corporate taxation Bahamas is af Low Tax Jurisdiction often used by US MNE in tax schemes. The corporate tax rate 0% and the jursidiction also ranks high on secrecy ...
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Bahamas

Belgium
Belgium Corporate taxation The corporate tax rate in Belgium is 34%. Special corporate tax incentives Belgium has been known to make unilateral tax deals with MNE's resulting in illegal State ...
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Belgium

Bermuda
Bermuda Tax haven no. 1. There are no taxation of corporate income or capital gains taxes on Bermuda. Many MNE's within the IT sector uses a combination of subsidiaries in ...
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Bermuda

Brazil
Brazil Corporate taxation The corporate tax rate in Brazil is 34%. Transfer pricing Brazil’s transfer pricing rules define maximum price ceilings for deductible expenses on inter-company import transactions and minimum ...
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Brazil

Cayman
Cayman Islands Corporate taxation The Cayman Islands ranks no. 2 among tax havens. Corporate tax is 0%. Transfer pricing Cayman is the leading domicile for hedge funds; the second largest ...
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Cayman

Chile
Chile Corporate taxation In 2017, the CIT rate changes depending on the elected tax system: if attributed system is elected: 25% onwards; if semi-integrated system is elected 25.5% for commercial ...
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Chile

China
China Corporate taxation The corporate tax rate in China is 25%. The Enterprise Income Tax Law provides a reduced tax rate of 15% for high and new technology enterprises. The ...
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China

City of London
City of London The City of London is a Conduit and Secrecy Jurisdiction at the center of many offshore transactions with Low tax Jurisdictions; the Channel Islands — Jersey, Guernsey, ...
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City of London

Columbia
Columbia Corporate taxation The corporate tax rate in Columbia is 34% in 2017 (raised from 25% in 2013 to 2016). The standard rate for resident companies and permanent establishments is ...
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Columbia

Croatia
Croatia Corporate taxation The corporate tax rate in Croatia is 20%. The general corporate profit tax rate is 18%. A 12% rate applies for enterprises with annual revenues up to ...
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Croatia

Cyprus
Cyprus Cyprus is a Low tax and Secrecy Jurisdiction specifically targeting Russian and Eastern European companies. Cyprus offers a low flat corporate tax rate, 12,5%, strict privacy laws and geographic ...
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Cyprus

Denmark
Denmark Corporate taxation The corporate tax rate in Denmark is 22% in 2017. Transfer pricing The Tax Assessment Act, Section 2, contains the Danish arm’s length provision and in the ...
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Denmark

Estonia
Estonia Corporate taxation The corporate tax rate is 0% on undistributed profits, and 20% on distributed profits. According to the corporate income tax system applied in Estonia, undistributed profits are ...
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Estonia

European Union
EU - The European Union The European Union is a unique economic and political union between 28 European countries that together cover much of the European continent. It is the ...
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European Union

Finland
Finland Corporate taxation The corporate tax rate in Finland is 20%. Transfer pricing Article 31 of the Assessment Procedure Act (VML) prescribes the arm’s-length principle for related party transactions. According ...
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Finland

France
France Corporate taxation The corporate tax rate in France is 33.3%. A social surcharge of 3.3% applies to companies with a corporate income tax liability exceeding EUR 763,000. A reduced ...
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France

Germany
Germany Corporate taxation The corporate tax rate can range approximately between 22.83-36.83% due to local trade tax rates. The overall income tax rate for corporations includes corporate income tax at ...
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Germany

Greenland
Greenland Corporate taxation Corporation tax is levied at a flat rate of 31.8%, and this rate applies to a resident company and a registered branch office of a foreign corporation ...
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Greenland

Greece
Greece Corporate taxation The corporate tax rate in Greece is 29%. All kinds of income derived by legal entities shall be considered income from business activity, taxed under said standard ...
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Greece

Hong Kong
Hong Kong Hong Kong is a Low tax and High Secrecy Jurisdiction. Hong Kong's geographic specialty lies in connecting to the British Virgin Islands and Taiwan. Companies incorporated in Hong ...
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Hong Kong

Hungary
Hungary Corporate taxation The corporate tax rate is flat 9%. There are notable special taxes on banks, financial enterprises, insurance companies and for companies active in the energy sector. Special ...
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Hungary

India
India Corporate taxation In India the corporate tax rate for domestic companies is 30%. Domestic corporations incur a surcharge of 7% on income over INR 10 million and 12% on ...
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India

Indonesia
Indonesia Corporate taxation The corporate tax rate in Indonesia is 25%. Lower rates apply where revenues are less than IDR50 billion. A company with gross turnover less than IDR50 billion ...
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Indonesia

Ireland
Ireland Corporate taxation The corporation tax rate is 12.5% for active income from the conduct of a trade in Ireland, as well as certain dividends from EU and tax treaty ...
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Ireland

Isle of Man
Isle of Man The corporate tax rate is 0%. Certain profits of licensed banks, and retailers with taxable profits in excess of GBP 500,000 are taxed at 10%. Profits derived ...
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Isle of Man

Israel
Israel Corporate taxation The corporate tax rate in Israel is 24%. Companies with a beneficial or approved or preferred enterprise are taxed at a reduced tax rate that varies depending ...
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Israel

Italy
Italy Corporate taxation The corporate tax rate is 24%. Banks and other financial institutions are taxed at 27.5%. Non-operating companies are taxed at 34.5%. There is an additional regional tax ...
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Italy

Japan
Japan Corporate taxation The corporate tax rate is 30.86%. This is an illustrative effective tax rate for a company in Tokyo with stated capital of more than JPY100 million for ...
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Japan

Korea
Korea Corporate taxation Corporate tax rates are progressive over three tax brackets and a local surtax of 10% of corporate income tax due is also imposed. Rates are as follows: ...
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Korea

Labuan
Labuan Labuan is a low tax and secrecy Jurisdiction and function as gateway for Islamic funds accusitions in Asia. It has also become a shelter for Western business. Since January ...
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Labuan

Latvia
Latvia Corporate taxation The corporate tax rate is 15%. Permanent establishments operating in Latvia for no more than 12 months may use simplified tax regime, under which tax imposed on ...
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Latvia

Liechtenstein
Liechtenstein Corporate taxation The corporate income tax rate in Liechtenstein is 12,5%. Transfer pricing In 2007, a DVD containing the details of over 1,000 German customers, was leaked from LGT ...
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Liechtenstein

Malta
Malta Corporate taxation The corporate tax rate is 35%. Malta’s tax legislation provides for a number of tax benefits which can lead to complete elimination or significantly reduced taxes. Malta ...
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Malta

Malaysia
Malaysia Corporate taxation The corporate tax rate is 24%. Certain resident companies capitalized at MYR 2.5 million or less are subject to a corporate income tax rate of 18% (19% ...
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Malaysia

Mexico
Mexico Corporate taxation The corporate tax rate is 30%. Transfer pricing The OECD TPG are specifically referenced in the Mexican legislation, and are used for guidance and interpretation in transfer ...
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Mexico

Nigeria
Nigeria Corporate taxation The basic corporate rate is 30%, however, it is 20% for small business with turnover of less than N1million. Nigerian companies (i.e., companies incorporated in Nigeria) are ...
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Nigeria

Norway
Norway Corporate taxation The corporate tax rate in Norway is 24%. Special rules may apply petroleum companies and in the power sector. Transfer pricing In Norway, the arm’s-length standard for ...
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Norway

Panama
Panama The corporate tax rate is 25%. For entities in which the State is the owner of more than 40% of the shares the corporate income tax rate will be ...
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Panama

Peru
Peru Corporate taxation The corporate tax rate is 29,5%. Different rates may apply to certain activities under special regimes. Mining companies are subject to a "Mining Royalty". Dividends paid by ...
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Peru

Poland
Poland Corporate taxation The corporate tax rate is 19%. A reduced 15% tax rate may apply to small companies and start-ups (in case of start-ups - only in the first ...
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Poland

Portugal
Portugal Corporate taxation The corporate income tax rate of 21% is increased by (1) a municipal surcharge of up to 1.5% of the taxable profit and (2) a State surcharge ...
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Portugal

Puerto Rico
Puerto Rico The corporate tax rate is 4%. Used by US multinationals as a sales and marketing hub, much like Ireland and Singapore Cases involving Puerto Rico Case Name Description ...
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Puerto Rico

Russia
Russia Corporate taxation The corporate tax rate in Russia is 20%. The tax consist of a 2 percent tax payable to the federal budget, and an 18% tax payable to ...
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Russia

Singapore
Singapore Corporate taxation The corporate income tax rate is 17%. For Year of Assessment 2017, there is a 50% corporate income tax rebate, capped at SGD 25,000. There is also ...
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Singapore

Slovenia
Slovenia Corporate taxation The corporate tax rate is 17%. A special rate of 0% which, subject to certain conditions, may apply to investment funds, pension funds, insurance undertakings for pension ...
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Slovenia

Slovakia
Slovakia Corporate taxation Corporate Income tax rate for 2017 is 21%. However, a higher rate (35%) will apply on dividends (and similar types ofincome) received from blacklisted countries (which are ...
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Slovakia

South Africa
South Africa Corporate taxation The corporate tax rate is 28%. Small business corporations (companies with only natural persons as members/owners and with gross income of less than ZAR 20M) are ...
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South Africa

Spain
Spain Corporate taxation The corporate tax rate is 25%. Newly established companies conducting business activities are taxed in the first tax period showing positive taxable base and the following tax ...
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Spain

Sweden
Sweden Corporate taxation The corporate tax rate is 22%. Transfer pricing Transfer pricing is regulated by Chapter 14 Section 19 in the SITA. This section adopts the arm’s-length principle for ...
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Sweden

Switzerland
Switzerland Corporate taxation The maximum effective corporate income tax rates range from around 11.54% to 24.41% depending on canton and commune. All 26 cantons apply different tax rates and in ...
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Switzerland

Taiwan
Taiwan Taiwan has not signed the OECD Common Reporting Standard for automatic exchange of financial information and maintains bank confidentiality. Taiwan is driven by Taiwanese technological companies, which often own ...
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Taiwan

Tanzania
Tanzania The corporate tax rate is %. Cases involving Tanzania Case Name Description Date From Keywords ...
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Tanzania

The Netherlands
The Netherlands Corporate taxation The corporate tax rate is 20% on taxable profit up to EUR 200,000 and 25% for taxable profits exceeding EUR 200,000. Special corporate tax incentives The ...
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The Netherlands

Turkey
Turkey Corporate taxation The corporate tax rate is 20%. A resident company is liable to corporate income tax on its worldwide income. A non-resident company is liable to corporate income ...
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Turkey

United Kingdom
United Kingdom Corporate taxation The corporate tax rate in the UK is 19%. Special corporate tax incentives The UK is beeing investigated by the EU commission in relation to special ...
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United Kingdom

Uruguay
Uruguay Corporate taxation The corporate tax rate is 25%. Transfer pricing Transfer pricing is regulated in Chapter VII of Title 4 of the 1996 CTC. As a general principle, the ...
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Uruguay

US
United States Transfer Pricing Country Profile Tax Administration Local Transfer Pricing Guidelines Transfer Pricing Case Law Case Name Description Date Court Keywords Cases involving the US Case Name Description Date ...
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US

Puerto Rico
Puerto Rico Puerto Rico The corporate tax rate is 4%. The juristiction is often used by US corporations as a sales and marketing hub for the American marked. Transfers of ...
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Puerto Rico