corporate income tax RATES

Guess what tax is of primary interest to most company owners worldwide? Well, it is corporate income tax, also known as corporate profit tax. This tax is levied on a company’s profits and directly influences the net profit retained by the business. As such, it is useful to know corporate income tax rates across different countries.

Overall, corporate income tax rates vary from country to country. Some jurisdictions are more attractive in terms of tax burden, while others are less so. It gets even more nuanced with tax incentives, reduced corporate tax rates, etc. Some territories even may allow companies to be exempt from taxation when establishing a business.

For your convenience, our team has compiled corporate income tax rates worldwide in a table.

Finally, understanding corporate income tax rates is important both when choosing a jurisdiction for setting up a business and during its ongoing operations. To select the most suitable jurisdiction for your objectives, we also recommend considering other factors, such as:

• the ease of doing business in the country;
• the simplicity of company registration and ongoing compliance;
• the possibility of opening a bank account remotely, and more.