Transfer Pricing Country Profiles

Argentina
Argentina Corporate taxation The corporate tax rate in Argentina is 2013 35.00% 2014 35.00% 2015 35.00% 2016 35.00% 2017 35.00% 2018 30.00% 2019 30.00% 2020 30.00% 2021 25.00% A minimum ...
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Argentina

Australia
Australia Corporate taxation The corporate tax rate in Australia is 30,00%. The corporate income tax rate applies to both resident and non-resident companies. A resident company is liable for corporate ...
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Australia

Austria
Austria Corporate taxation The corporate tax rate in Austria is 25% There is a minimum corporate income tax of EUR 1,750 for limited liability companies and EUR 3,500 for joint ...
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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 2013 33.99% 2014 33.99% 2015 33.99% 2016 33.99% 2017 33.99% 2018 29.00% 2019 29.00% 2020 29.00% 2021 25.00% Special corporate ...
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Belgium

Bermuda
Bermuda 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 Ireland, the Netherlands and ...
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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

Bulgaria
Bulgaria Corporate taxation The corporate tax rate in Bulgaria is 10%. Transfer pricing Bulgarian transfer pricing rules are provided in the Corporate Income Tax Act (CITA), Tax and Social Security ...
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Bulgaria

Canada
Canada Corporate taxation The corporate tax rate in Canada is ~26,5% and consists of a 15% federal tax component and an 11 – 16% provincial tax component. Transfer pricing Canada ...
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Canada

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 The corporate tax rate in Chile 2013 20.00% 2014 20.00% 2015 24.00% 2016 24.00% 2017 25.50% 2018 26.00% 2019 27.00% 2020 27.00% 2021 27.00% Beginning 2017, tax ...
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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

Colombia
Colombia Corporate taxation The corporate tax rate in Colombia is 2013 25.00% 2014 25.00% 2015 25.00% 2016 25.00% 2017 34.00% 2018 33.00% 2019 33.00% 2020 32.00% 2021 31.00% The standard ...
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Colombia

Costa Rica
Costa Rica Corporate taxation Corporate income is taxed at a 30% rate. However, special regulations apply for small companies whose gross income does not exceed 109,032,000 Costa Rican colones. The ...
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Costa Rica

Croatia
Croatia Corporate taxation The corporate tax rate in Croatia is 2013 20.00% 2014 20.00% 2015 20.00% 2016 20.00% 2017 20.00% 2018 18.00% 2019 18.00% 2020 18.00% 2021 18.00% The general ...
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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

Czech Republic
Czech Republic Corporate taxation The corporate tax rate in the Czech Republic is 19%. Corporate income tax applies to the profits generated by all companies, including branches of foreign companies. Czech resident ...
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Czech Republic

Denmark
Denmark Corporate taxation The corporate tax rate in Denmark 2013 25.00% 2014 24.50% 2015 22.00% 2016 22.00% 2017 22.00% 2018 22.00% 2019 22.00% 2020 22.00% 2021 22.00% Transfer pricing The ...
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Denmark

Dominican Republic
Dominican Republic Corporate taxation The corporate tax rate in the Dominican Republic is 27%. In addition, the 1% rate assets tax is considered an alternative minimal income tax, payable when ...
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Dominican Republic

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 2013 24.50% 2014 20.00% 2015 20.00% 2016 20.00% 2017 20.00% 2018 20.00% 2019 20.00% 2020 20.00% 2021 20.00% Transfer pricing ...
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Finland

France
France Corporate taxation The corporate tax rate in France is 2013 33.33% 2014 33.33% 2015 33.33% 2016 33.30% 2017 33.33% 2018 33.00% 2019 31.00% 2020 28.00% 2021 26.50% A social ...
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France

Georgia
Georgia Corporate taxation The corporate income tax rate is 15%. Resident companies are subject to corporate income tax on there global income. Transfer pricing The arm’s length principle is contained in ...
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Georgia

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

Greece
Greece Corporate taxation The corporate tax rate in Greece is 2013 26.00% 2014 26.00% 2015 29.00% 2016 29.00% 2017 29.00% 2018 29.00% 2019 28.00% 2020 24.00% 2021 24.00% All kinds ...
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Greece

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

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 2013 19.00%2014 19.00%2015 19.00%2016 19.00%2017 9.00%2018 9.00%2019 9.00%2020 9.00%2021 9.00% There are notable special taxes on banks, financial enterprises, insurance companies and ...
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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 In 2021 the corporate tax rate in Indonesia was lowered from 25% to 22%. Lower rates apply where revenues are less than IDR50 billion. A company with ...
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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 2013 25.00% 2014 26.50% 2015 25.00% 2016 25.00% 2017 24.00% 2018 23.00% 2019 23.00% 2020 23.00% 2021 23.00% Companies with a ...
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Israel

Italy
Italy Corporate taxation The corporate tax rate in Italy 2013 31.40% 2014 31.40% 2015 31.40% 2016 31.40% 2017 24.00% 2018 24.00% 2019 24.00% 2020 24.00% 2021 24.00% Banks and other ...
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Italy

Japan
Japan Corporate taxation The corporate tax rate is 30.62%. 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 The corporate tax rate in Korea 2013 24.20% 2014 24.20% 2015 24.20% 2016 24.20% 2017 22.00% 2018 25.00% 2019 25.00% 2020 25.00% 2021 25.00% Corporate tax rates ...
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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 2013 15.00% 2014 15.00% 2015 15.00% 2016 15.00% 2017 15.00% 2018 20.00% 2019 20.00% 2020 20.00% 2021 20.00% Permanent establishments operating in ...
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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

Luxembourg
Luxembourg Corporate taxation The corporate income tax rate is 2013 29.22% 2014 29.22% 2015 29.22% 2016 29.22% 2017 27.08% 2018 26.01% 2019 24.94% 2020 24.94% 2021 24.94% The rate applies ...
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Luxembourg

Malaysia
Malaysia Corporate taxation The corporate tax rate is 2013 25.00% 2014 25.00% 2015 24.00% 2016 24.00% 2017 24.00% 2018 24.00% 2019 24.00% 2020 24.00% 2021 24.00% Certain resident companies capitalized ...
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Malaysia

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

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

New Zealand
New Zealand Corporate taxation The corporate tax rate in New Zealand is 28%. Transfer pricing Transfer pricing legislation is contained within sections GB 2 and GC 6 to GC 14 ...
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New Zealand

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 2013 28.00% 2014 27.00% 2015 27.00% 2016 25.00% 2017 24.00% 2018 23.00% 2019 22.00% 2020 22.00% 2021 22.00% Special rules ...
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Norway

OECD
OECD OECD's mission is to contribute to the expansion of world trade on a multilateral, non-discriminatory basis and to achieve the highest sustainable economic growth in member countries, has continuously ...
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OECD

Panama
Panama Corporate taxation 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 ...
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Panama

Paraguay
Paraguay Corporate taxation The corporate tax rate is 10%. Transfer pricing By decree No 4640 local transfer pricing regulations was implemented in may 2021. Links Transfer Pricing Country Profile Transfer ...
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Paraguay

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 NameDescriptionDateFromKeywords ...
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Puerto Rico

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

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

Seychelles
Seychelles Corporate taxation The Business Tax rate is 0% on the first SR 150,000 of taxable income in respect of a sole trader and a partnership business, 15% on the ...
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Seychelles

Singapore
Singapore Corporate taxation The corporate income tax rate is 17%. There is a 50% corporate income tax rebate, capped at SGD 25,000. There is also a partial tax exemption of ...
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Singapore

Slovakia
Slovakia Corporate taxation Corporate Income tax rate for 2017 is 2013 23.00% 2014 22.00% 2015 22.00% 2016 22.00% 2017 21.00% 2018 21.00% 2019 21.00% 2020 21.00% 2021 21.00% However, a ...
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Slovakia

Slovenia
Slovenia Corporate taxation The corporate tax rate is 2013 17.00% 2014 17.00% 2015 17.00% 2016 17.00% 2017 19.00% 2018 19.00% 2019 19.00% 2020 19.00% 2021 19.00% A special rate of ...
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Slovenia

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 2013 30.00% 2014 30.00% 2015 28.00% 2016 25.00% 2017 25.00% 2018 25.00% 2019 25.00% 2020 25.00% 2021 25.00% Newly established companies conducting ...
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Spain

Sweden
Sweden Corporate taxation The corporate tax rate is 2013 22.00% 2014 22.00% 2015 22.00% 2016 22.00% 2017 22.00% 2018 22.00% 2019 21.40% 2020 21.40% 2021 20.60% Transfer pricing Transfer pricing ...
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Sweden

Switzerland
Switzerland Corporate taxation The corporate income tax rate is 14.93%. However, all 26 cantons apply different tax rates and in most of them the statutory tax rate needs to be ...
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Switzerland

Taiwan
Taiwan The corporate tax rate in Taiwan is 2013 18.01% 2014 17.92% 2015 17.92% 2016 17.92% 2017 17.77% 2018 20.00% 2019 20.00% 2020 20.00% 2021 20.00% Taiwan is driven by ...
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Taiwan

Tanzania
Tanzania Corporate taxation The corporate rate in Tanzania is 30%, Transfer pricing The application of the provisions of the domestic transfer pricing rules is based on local guidelines consistent with ...
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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 2013 20.00% 2014 20.00% 2015 20.00% 2016 20.00% 2017 20.00% 2018 22.00% 2019 22.00% 2020 22.00% 2021 20.00% A resident company is ...
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Turkey

Ukraine
Ukraine Corporate taxation The corporate income tax rate in Ukraine is 18%. Transfer pricing Income received in transactions between related parties or with a nonresident may not be less than ...
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Ukraine

UN - United Nations
UN – United Nations The UN provides a forum for the 193 member States to express their views on issues such as peace and security, climate change, sustainable development, human ...
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UN – United Nations

United Kingdom
United Kingdom Corporate taxation The corporate tax rate in the UK is 2013 23.00% 2014 21.00% 2015 20.00% 2016 20.00% 2017 19.00% 2018 19.00% 2019 19.00% 2020 19.00% 2021 19.00% ...
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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 Corporate income tax The corporate income tax rate in the US is 2013 40.00% 2014 40.00% 2015 40.00% 2016 40.00% 2017 40.00% 2018 27.00% 2019 27.00% 2020 27.00% ...
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US