TPguidelines

Albania Tax regime Albania’s corporate income tax (CIT) rate is 15%, applicable to taxable profits of resident companies and Albanian-source income of non-residents. 2025: 15% 2024: 15% 2023: 15% 2022: ...

Angola Tax regime Angola’s standard corporate income tax (CIT) rate — referred to as Industrial Tax (Imposto Industrial) — is 25%, applicable to both resident companies and permanent establishments of ...

Argentina Tax regime Argentina’s standard corporate income tax (CIT) rate is 35%, applicable to companies and branches of foreign entities. The rate has remained stable in recent years: 2022: 35% ...

Australia Tax regime Australia’s standard corporate income tax (CIT) rate is 30%, with a reduced rate of 25% for “base rate entities” (companies with aggregated turnover below AUD 50 million ...

Austria Tax regime Austria’s standard corporate income tax (CIT) rate is 23% from 2024 onwards, following a phased reduction from 25%. 2022: 25% 2023: 24% 2024: 23% 2025: 23% Austria ...

Bahamas Tax regime The Bahamas does not impose corporate income tax, personal income tax, capital gains tax, or withholding tax. This zero-tax environment has been a longstanding feature of the ...

Bangladesh Tax regime Bangladesh levies corporate income tax (CIT) at rates that vary by entity type. Publicly traded companies are taxed at 22.5%, while non-publicly traded companies are generally taxed ...

Belgium Tax regime Belgium’s standard corporate income tax (CIT) rate is 25%. A reduced rate of 20% applies to the first EUR 100,000 of taxable income for qualifying small and ...

Bermuda Tax regime Bermuda historically imposed no corporate income tax, making it one of the world’s best-known zero-tax jurisdictions. However, in response to the OECD Pillar Two Global Minimum Tax ...

Bosnia and Herzegovina Tax regime Bosnia and Herzegovina (BiH) has a decentralised tax system comprising three separate jurisdictions — the Federation of Bosnia and Herzegovina (FBiH), Republika Srpska (RS), and ...

Brazil Tax regime Brazil’s standard corporate income tax (CIT) rate is 15%, with a 10% surcharge on annual taxable income exceeding BRL 240,000, bringing the effective CIT rate to 25% ...

Bulgaria Tax regime Bulgaria applies a flat corporate income tax (CIT) rate of 10%, one of the lowest in the EU. The rate has been stable for many years: 2025: ...

Canada Tax regime Canada’s federal corporate income tax (CIT) rate is 15%. When combined with provincial/territorial CIT rates (which range from approximately 8% to 16%), the combined general rate for ...

Cayman Islands Tax regime The Cayman Islands does not impose corporate income tax, capital gains tax, withholding tax, or any other form of direct taxation on companies. This zero-tax status ...

Chile Tax regime Chile’s standard corporate income tax (CIT) rate — known as the First Category Tax (FCT) — is 27% for companies under the partially integrated regime and 25% ...

China Tax regime China’s standard corporate income tax (CIT) rate is 25%. A reduced rate of 15% applies to qualifying High and New Technology Enterprises (HNTEs), and a 20% rate ...

Colombia Tax regime Colombia’s standard corporate income tax (CIT) rate is 35%. This rate has remained stable in recent years: 2025: 35% 2024: 35% 2023: 35% 2022: 35% Key features ...

Costa Rica Tax regime Costa Rica’s standard corporate income tax (CIT) rate is 30%, applicable to companies with gross income above a specified threshold. Reduced rates of 5%, 10%, 15%, ...

Croatia Tax regime Croatia’s standard corporate income tax (CIT) rate is 18%, with a reduced rate of 10% applying to taxpayers with annual revenues up to EUR 1 million. 2025: ...

Cyprus Tax regime Cyprus applies a corporate income tax (CIT) rate of 12.5%, one of the lowest in the European Union. This rate has remained stable for several years: 2022: ...

Czech Republic Tax regime The Czech Republic (Czechia) levies corporate income tax (CIT) at a standard rate of 21%. This rate has been stable in recent years: 2022: 19% 2023: ...

Denmark Tax regime Denmark levies a corporate income tax (CIT) at a flat rate of 22%, unchanged in recent years: 2022: 22% 2023: 22% 2024: 22% 2025: 22% Denmark operates ...

Dominican Republic Tax regime The Dominican Republic imposes corporate income tax (CIT) at a standard rate of 27%. This rate has been stable in recent years: 2025: 27% 2024: 27% ...

Ecuador Tax regime Ecuador’s standard corporate income tax (CIT) rate is 25%, with a higher rate of 28% applying to companies that have shareholders in tax havens or lower-tax jurisdictions ...

Egypt Tax regime Egypt’s standard corporate income tax (CIT) rate is 22.5%, applicable to most companies. Oil exploration and production companies are taxed at 40.55%, and the Suez Canal Authority, ...

Tax regime El Salvador’s standard corporate income tax (CIT) rate is 30%. The rate has remained stable in recent years: 2022: 30% 2023: 30% 2024: 30% 2025: 30% In March ...

Estonia Tax regime Estonia applies a unique corporate income tax (CIT) system in which profits are taxed only upon distribution. The standard CIT rate on distributed profits is 22/78 from ...

EU – The European Union Tax regime The European Union is not a taxing jurisdiction — it does not levy a corporate income tax. Each of the 27 EU Member ...

Finland Tax regime Finland’s standard corporate income tax (CIT) rate is 20%, which has remained unchanged in recent years: 2025: 20% 2024: 20% 2023: 20% 2022: 20% Finland does not ...

France Tax regime France’s standard corporate income tax (CIT) rate is 25%. However, when combined with the 3.3% social surcharge (contribution sociale de solidarité), the effective combined rate for large ...

Georgia Tax regime Georgia operates a distinctive “Estonian model” corporate income tax (CIT) system: retained profits are not taxed at the corporate level; CIT of 15% is triggered only upon ...

Germany Tax regime Germany’s effective corporate tax burden comprises three components: the corporate income tax (CIT) at a flat 15%, a solidarity surcharge of 5.5% on CIT (effectively 0.825%), and ...

Greece Tax regime Greece’s standard corporate income tax (CIT) rate is 22%, applicable to all corporate profits. Recent rate history: 2022: 22% 2023: 22% 2024: 22% 2025: 22% Greece offers ...

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 ...

Hong Kong Tax regime Hong Kong operates a territorial tax system — only profits sourced in Hong Kong are subject to profits tax. The standard two-tier profits tax rates for ...

Hungary Tax regime Hungary has one of the lowest corporate income tax (CIT) rates in the EU at a flat 9%, which has remained unchanged in recent years: 2025: 9% ...

India Tax regime India’s standard corporate income tax (CIT) rate is 30% for domestic companies (base rate, before surcharge and cess). With applicable surcharge and health & education cess, the ...

Indonesia Tax regime Indonesia’s standard corporate income tax (CIT) rate is 22%. This rate has remained stable in recent years: 2025: 22% 2024: 22% 2023: 22% 2022: 22% Publicly listed ...

Ireland Tax regime Ireland’s headline corporate income tax (CIT) rate is 12.5% on trading income, one of the lowest in the OECD. A rate of 25% applies to non-trading (passive) ...

Isle of Man Tax regime The Isle of Man operates a 0% standard corporate income tax rate for most companies, making it one of the few jurisdictions with a general ...

Israel Tax regime Israel’s standard corporate income tax (CIT) rate is 23%. This rate has remained stable in recent years: 2022: 23% 2023: 23% 2024: 23% 2025: 23% Israel offers ...

Italy Tax regime Italy’s standard corporate income tax (IRES) rate is 24%. In addition, a regional production tax (IRAP) of 3.9% applies on a broader tax base (with rates varying ...

Japan Tax regime Japan’s effective corporate income tax rate (combining national, local, and enterprise taxes) is approximately 29.74% for large corporations in Tokyo, though it varies slightly by municipality. The ...

Kazakhstan Tax regime Kazakhstan’s standard corporate income tax (CIT) rate is 20%. This rate has remained stable in recent years: 2025: 20% 2024: 20% 2023: 20% 2022: 20% Certain sectors ...

Korea Tax regime South Korea’s standard corporate income tax (CIT) rate is progressive, with a top marginal rate that has recently been reduced. The headline top rate applies to taxable ...

Kosovo Tax regime Kosovo levies corporate income tax (CIT) at a flat rate of 10%, which is among the lowest in Europe. The rate has remained unchanged in recent years: ...

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 ...

Latvia Tax regime Latvia operates a unique corporate income tax (CIT) system where retained profits are not taxed — CIT at 20% (applied on a gross-up basis, yielding an effective ...

Liberia Tax regime Liberia’s standard corporate income tax (CIT) rate is 25%. This rate applies to both resident and non-resident companies earning Liberian-source income. 2025: 25% 2024: 25% 2023: 25% ...

Liechtenstein Tax regime Liechtenstein levies corporate income tax (CIT) at a flat rate of 12.5% on net taxable income. This rate has remained unchanged in recent years: 2025: 12.5% 2024: ...

Lithuania Tax regime Lithuania’s standard corporate income tax (CIT) rate is 16% as of 2025, increased from the longstanding 15% rate. A reduced rate of 5% applies to small companies ...

Luxembourg Tax regime Luxembourg’s combined effective corporate tax rate for companies located in Luxembourg City is approximately 23.87% for 2025. This reflects a reduction from the prior rate of 24.94%, ...

Malaysia Tax regime Malaysia’s standard corporate income tax (CIT) rate is 24% on net income. A reduced rate of 17% applies to the first MYR 600,000 of chargeable income for ...

Maldives Tax regime The Maldives imposes corporate income tax (CIT) under the Income Tax Act (Law No. 25/2019), which took effect from 1 January 2020. The standard CIT rate is ...

Malta Tax regime Malta’s headline corporate income tax (CIT) rate is 35%. However, Malta’s full imputation system allows shareholders to claim refunds of tax paid at the corporate level, effectively ...

Mauritius Tax regime Mauritius applies a standard corporate income tax (CIT) rate of 15%. However, companies can benefit from an effective tax rate as low as 3% through a system ...

Mexico Tax regime Mexico’s standard corporate income tax (CIT) rate is 30%, which has remained unchanged in recent years: 2025: 30% 2024: 30% 2023: 30% 2022: 30% In addition to ...

New Zealand Tax regime New Zealand’s standard corporate income tax (CIT) rate is 28%. This rate has been stable for several years: 2022: 28% 2023: 28% 2024: 28% 2025: 28% ...

Nigeria Tax regime Nigeria’s standard corporate income tax (CIT) rate is 30% for large companies (gross turnover above NGN 100 million). A reduced rate of 20% applies to medium-sized companies ...

Norway Tax regime Norway’s standard corporate income tax (CIT) rate is 22%. Companies engaged in petroleum extraction on the Norwegian Continental Shelf face an additional special petroleum tax, resulting in ...

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 ...

Panama Tax regime Panama applies a standard corporate income tax (CIT) rate of 25% on income sourced within its territory. Panama operates a territorial tax system, meaning only income generated ...

Paraguay Tax regime Paraguay applies a corporate income tax (CIT) — known as the Impuesto a la Renta Empresarial (IRE) — at a flat rate of 10%, one of the ...

Peru Tax regime Peru’s standard corporate income tax (CIT) rate is 29.5%, which has remained unchanged in recent years: 2022: 29.5% 2023: 29.5% 2024: 29.5% 2025: 29.5% Peru does not ...

Philippines Tax regime The Philippines imposes a standard corporate income tax (CIT) rate of 25% on domestic corporations and resident foreign corporations. A lower rate of 20% applies to domestic ...

Poland Tax regime Poland levies corporate income tax (CIT) at a standard rate of 19%, which has remained unchanged in recent years: 2022: 19% 2023: 19% 2024: 19% 2025: 19% ...

Portugal Tax regime Portugal applies a standard corporate income tax (IRC) rate of 21% on taxable profits. However, when the municipal surcharge (derrama municipal) of up to 1.5% and the ...

Puerto Rico Tax regime Puerto Rico imposes a corporate income tax on corporations conducting business or deriving income from sources within Puerto Rico. The tax system features a graduated rate ...

Romania Tax regime Romania applies a standard corporate income tax (CIT) rate of 16% on taxable profits. CIT rate history: 2025: 16% 2024: 16% 2023: 16% 2022: 16% Romania also ...

Russia Tax regime Russia’s standard corporate income tax (CIT) rate is 20%, split between the federal budget (3%) and regional budgets (17%). Regions may reduce their share to as low ...

Saudi Arabia Tax regime Saudi Arabia levies corporate income tax (CIT) at a flat rate of 20% on the taxable income of non-Saudi (foreign) investors. Saudi and GCC nationals are ...

Seychelles Tax regime Seychelles levies corporate income tax (referred to as “business tax”) under the Business Tax Act, 2009. The standard rate applies on a graduated basis: the first SCR ...

Singapore Tax regime Singapore’s headline corporate income tax (CIT) rate is 17%, which has remained unchanged for over a decade. Partial tax exemptions apply to the first SGD 200,000 of ...

Slovakia Tax regime Slovakia levies corporate income tax (CIT) at a standard rate of 24% from 2025, increased from the previous 21%. A reduced rate of 15% applies to taxpayers ...

Slovenia Tax regime Slovenia’s standard corporate income tax (CIT) rate is 22%. Recent rate history: 2025: 22% 2024: 22% 2023: 19% 2022: 19% The rate was increased from 19% to ...

South Africa Tax regime South Africa’s standard corporate income tax (CIT) rate is 27%, applicable to companies with years of assessment ending on or after 31 March 2023. The rate ...

Spain Tax regime Spain’s general corporate income tax (CIT) rate is 25%. Newly created entities benefit from a reduced rate of 15% for their first fiscal year with a positive ...

Sri Lanka Tax regime Sri Lanka’s standard corporate income tax (CIT) rate is currently 30%, applicable to most companies. The rate has fluctuated significantly in recent years as part of ...

Sweden Tax regime Sweden’s corporate income tax (CIT) rate is 20.6%, a rate that has been in effect since 1 January 2019. Recent rate history: 2022: 20.6% 2023: 20.6% 2024: ...

Switzerland Tax regime Switzerland levies corporate income tax at both the federal and cantonal/communal levels. The federal CIT rate is 8.5% (applied on profit after tax), and the combined effective ...

Taiwan Tax regime Taiwan levies a corporate income tax (CIT) at a standard rate of 20% on profit-seeking enterprises. An alternative minimum tax (AMT) of 12% applies where a company’s ...

Tanzania Tax regime Tanzania levies corporate income tax (CIT) at a standard rate of 30% on resident companies and permanent establishments of non-resident companies. This rate has remained unchanged in ...

Thailand Tax regime Thailand’s standard corporate income tax (CIT) rate is 20%, applicable to net profits of companies and juristic partnerships. This rate has remained stable in recent years: 2022: ...

The Netherlands Tax regime The Netherlands levies corporate income tax (CIT) at a progressive rate. For 2024, the rate is 19% on taxable profits up to EUR 200,000 and 25.8% ...

Tunisia Tax regime Tunisia’s standard corporate income tax (CIT) rate was increased to 20% effective for fiscal year 2025 (Finance Law 2025), up from the prior rate of 15%. Certain ...

Turkey Tax regime Türkiye’s standard corporate income tax (CIT) rate is 25%. Recent rate history: 2022: 23% 2023: 25% 2024: 25% 2025: 25% Key features relevant to multinational groups include ...

Uganda Tax regime Uganda levies corporate income tax (CIT) at a standard rate of 30% on resident companies’ worldwide income and on Ugandan-source income of non-resident companies. The rate has ...

Ukraine Tax regime Ukraine applies a flat corporate income tax (CIT) rate of 18% on worldwide profits of resident companies. This rate has been stable in recent years: 2022: 18% ...

UN – United Nations Tax regime The United Nations is an international organization relevant to transfer pricing practitioners as the author of the UN Model Double Taxation Convention between Developed ...

United Arab Emirates Tax regime The United Arab Emirates introduced its first federal corporate income tax (CIT) regime under Federal Decree-Law No. 47 of 2022, effective for financial years beginning ...

United Kingdom Tax regime The United Kingdom’s main rate of corporation tax (CIT) is 25%, which applies to companies with profits exceeding £250,000. A small profits rate of 19% applies ...

Uruguay Tax regime Uruguay levies Corporate Income Tax (Impuesto a las Rentas de las Actividades Económicas — IRAE) at a flat rate of 25% on Uruguayan-sourced income. The rate has ...

United States Tax regime The United States imposes a federal corporate income tax (CIT) at a flat rate of 21%, enacted under the Tax Cuts and Jobs Act (TCJA) of ...

Zimbabwe Tax regime Zimbabwe’s standard corporate income tax (CIT) rate is currently 25.75% (effective 2025), which includes the base rate plus the AIDS levy surcharge. Recent rate history: 2022: 24.72% ...