Transfer Pricing Country Profiles

Albania
Albania Corporate taxation The corporate tax rate is 15%. Transfer pricing Albanian transfer pricing regulations are contained in Article 36 of the Law on Income Tax (No. 8438, dated December ...

Albania

Angola
Angola Corporate taxation The corporate income tax rate is 25%, on profits derived from business activities carried out in Angola by resident entities or non-resident entities with a permanent establishment ...

Angola

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 ...

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 ...

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 ...

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 ...

Bahamas

Bangladesh
Bangladesh Corporate taxation The corporate income tax rate for unlisted companies is 27.5%, while the rate for listed companies is 22.5%. Transfer pricing Statutory Regulatory Order (SRO) 161/Act/Income Tax/2014 was ...

Bangladesh

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 ...

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 ...

Bermuda

Bosnia and Herzegovina
Bosnia and Herzegovina Corporate taxation The corporate tax rate is 10%. Transfer pricing Bosnia and Herzegovina (BiH) consists of two main autonomous administrative regions (Federation of Bosnia and Herzegovina (FBiH) ...

Bosnia and Herzegovina

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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% 2022 22.00% 2023 ...

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 ...

Dominican Republic

Egypt
Egypt Corporate taxation The corporate tax rate is 22.5%. Transfer pricing Egyptian transfer pricing regulations are contained in Article 30 of Income Tax Law No. 91 of 2005. The 2018 Egyptian ...

Egypt

El Salvador
El Salvador Corporate taxation The corporate tax rate is 30%. Transfer pricing The legal framework for transfer pricing is contained in the Tax Code, Articles 62-A, 124-A, 125, 199-A, 199-B, ...

El Salvador

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Japan

Kazakhstan
Kazakhstan Corporate taxation The corporate tax rate is 20%. Transfer pricing The legislation of the Republic of Kazakhstan on transfer pricing is based on the Constitution of the Republic of ...

Kazakhstan

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 ...

Korea

Kosovo
Kosovo Corporate taxation The corporate income tax rate in Kosovo is 10%. Taxpayers whose gross annual income does not exceed EUR 30,000 are not subject to the 10% rate but ...

Kosovo

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 ...

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 ...

Latvia

Liberia
Liberia Corporate taxation The corporate tax rate is 25%. Transfer pricing Transfer pricing regulations are contained in Section 3.2(b) of the Liberia Income Tax Transfer Pricing Regulations. The Liberia Transfer ...

Liberia

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 ...

Liechtenstein

Lithuania
Lithuania Corporate taxation The standard CIT rate is 15%. Corporate tax incentives A reduced CIT rate of 0% or 5% can apply to small companies with fewer than ten employees and ...

Lithuania

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 ...

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 ...

Malaysia

Maldives
Maldives Corporate taxation The corporate tax rate is 15%. Transfer pricing Maldivian transfer pricing regulations are contained in Section 68(b)(4) and Section 76(b) of the Income Tax Act (Law Number ...

Maldives

Malta
Malta Corporate taxation The corporate tax rate is 35%. A company incorporated in Malta is considered as both domiciled and resident in Malta and is consequently taxable on a worldwide ...

Malta

Mauritius
Mauritius Corporate taxation The Corporate Income Tax Rate in Mauritius is 15 %. Transfer pricing Mauritius does not have any specific transfer pricing legislation. However, there is an arm’s-length provision ...

Mauritius

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Panama

Paraguay
Paraguay Corporate taxation The corporate tax rate is 10%. Transfer pricing Transfer pricing provisions in Paraguay are contained in Law No 6380/2019 (Click here for unofficial English translation). Decree No. 2787/19 ...

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 ...

Peru

Philippines
Philippines Corporate taxation The corporate tax rate in Philippines is 25%. Transfer pricing The Philippines’ statutory transfer pricing rule was codified in 1939 and has since remained unchanged. Previous court ...

Philippines

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 ...

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 ...

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 ...

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 ...

Puerto Rico

Romania
Romania Corporate taxation The corporate tax rate in Romania is 16%. Taxpayers of corporate income tax include: Romanian legal entities, except for taxpayers subject to the micro-enterprises tax or specific ...

Romania

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 ...

Russia

Saudi Arabia
Saudi Arabia Corporate taxation The corporate tax rate is 20%. Transfer pricing Transfer pricing regulations are contained in Article 1 (2) of the Saudi Transfer Pricing Bylaws. In 2019, Saudi ...

Saudi Arabia

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Spain

Sri Lanka
Sri Lanka Corporate taxation The standard tax rate is 28%. Tax rates of 14% and 40% also apply to profits from specific business. Transfer pricing Sri Lanka transfer pricing regulations ...

Sri Lanka

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 ...

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 ...

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 ...

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 ...

Tanzania

Thailand
Thailand Corporate taxation The corporate tax rate in Thailand is 20% (15% for small companies). Transfer pricing To prevent the evasion of taxation caused by manipulated transfer pricing within the ...

Thailand

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 ...

The Netherlands

Tunisia
Tunisia Corporate taxation The corporate tax rate is 15%. Transfer pricing Tunisian transfer pricing regulations are contained in Article 48 septies du code de l’impôt sur le revenu des personnes ...

Tunisia

Türkiye
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 ...

Türkiye

Uganda
Uganda Corporate taxation The corporate tax rate in Uganda is 30%. Transfer pricing Ugandan transfer pricing regulations are contained in section 90(1) of the Income Tax Act and apply effective ...

Uganda

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 ...

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 ...

UN – United Nations

United Arab Emirates
United Arab Emirates Corporate taxation The corporate tax rate in the UAE is 9%. Certain types of income and businesses are tax exempt and taxation is only applied to income ...

United Arab Emirates

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% ...

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 ...

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% ...

US

Zimbabwe
Zimbabwe Corporate taxation The corporate tax rate in Zimbabwe is 24%. Special tax rates are applied to the mining industry. Transfer pricing The arm’s length principle in Zimbabwe is found ...

Zimbabwe