On the profit up to 100,000 euros (EUR) - 9% Mongolia (Last reviewed 22 December 2023) Maldives, Republic of (Last reviewed 10 September 2023) Malaysia (Last reviewed 06 December 2023) Madagascar (Last reviewed 16 February 2024) Macau SAR (Last reviewed 16 January 2024) Luxembourg (Last reviewed 02 January 2024)Ģ4.94% on a combined basis (CIT, solidarity surtax, and municipal business tax ) Lithuania (Last reviewed 19 February 2024) Liechtenstein (Last reviewed 15 January 2024) Kyrgyzstan (Last reviewed 12 February 2024)Ģ0 (payable only when profits are distributed). Korea, Republic of (Last reviewed 27 February 2024) Kazakhstan (Last reviewed 02 February 2024) Telecommunication, insurance corp.'s, financial intermediary: 24 Jersey, Channel Islands (Last reviewed 15 January 2024)Ġ, with certain financial services companies paying 10, and utility companies, large corporate retailers, and cannabis businesses paying 20. Ivory Coast (Côte d'Ivoire) (Last reviewed 20 June 2023) Isle of Man (Last reviewed 28 February 2024) Indonesia (Last reviewed 19 December 2023)ġ5 (35 for certain companies in the oil and gas sector) Please refer to the Taxes on corporate income section for effective tax rates for different classes of companies. 15% or 22% (plus applicable surcharge and cess) subject to certain conditions.įoreign companies (having PE in India): 40% (plus applicable surcharge and cess) 25% or 30% (plus applicable surcharge and cess) depending on turnover.Ģ. Hong Kong SAR (Last reviewed 29 December 2023)ġ. Honduras (Last reviewed 09 February 2024)Ģ5, plus a surcharge of 5% on net taxable income over HNL 1 million. Income from property, importation of hydrocarbon oil and gas, retail businesses where taxable profits are above GBP 500,000, income from the licensed activity of cultivation of cannabis plants, and income from the use of those cultivated cannabis plants or parts of those cultivated cannabis plants: 20. Guernsey, Channel Islands (Last reviewed 20 December 2023)īanking, custody services, insurance, certain fund administration businesses, regulated investment management services to individual clients, operating an investment exchange, compliance and other related activities provided to regulated financial services businesses, and operating an aircraft registry: 10 Simplified optional system: 7% on gross income Guatemala (Last reviewed 04 December 2023) Greenland (Last reviewed 06 December 2023) Utility and energy providers and corp.'s abusing a dominant position pay a rate of 20%. Trade tax: From 8.75% to 20.3%, depending upon the location of the business establishment. Provincial and territorial CITs range from 8% to 16% and are not deductible for federal CIT purposes.Ĭayman Islands (Last reviewed 04 December 2023)Ĭhina, People's Republic of (Last reviewed 15 January 2024)Ĭolombia (Last reviewed 28 February 2024)Ĭongo, Democratic Republic of the (Last reviewed 28 February 2024)Ĭongo, Republic of (Last reviewed 23 January 2024)Ĭosta Rica (Last reviewed 27 February 2024)ġ8 (10% for companies realising less than EUR 1 million in revenues)Ĭzech Republic (Last reviewed 09 February 2024)Ģ1 for tax periods starting in 2024 (19 before then)ĭominican Republic (Last reviewed 04 December 2023)Ģ2%, 25%, or 28%, depending on the company's shareholders structure (corporate structure) and disclosure compliance.Įl Salvador (Last reviewed 24 January 2024)Įquatorial Guinea (Last reviewed 02 August 2023)Ģ0 (undistributed profits are tax exempt)Įthiopia (Last reviewed 17 November 2023)Ģ0% / 25% (effective from the 2023 tax year)ģ0 (35% for oil & gas and mining companies)ġ5 (20 for banks, credit unions, microfinance organisations, and loan providers).Ĭorporate income tax/solidarity surcharge: 15.825% 23% for building activities, public works, and hydraulics, as well as tourist and thermal activities, excluding travel agencies Īrgentina (Last reviewed 22 September 2023)Īustralia (Last reviewed 12 December 2023)ģ0% (25% for 'small-medium business' entities)Ģ3 (until 2022 this rate was 25%, in 2023 it was 24%)Īzerbaijan (Last reviewed 21 February 2024)īahrain (Last reviewed 13 September 2023)īarbados (Last reviewed 28 February 2024)Ģ5 (except for mining, financial institutions, and insurance/reinsurance companies, which have an additional income tax rate).īosnia and Herzegovina (Last reviewed 08 February 2024)īotswana (Last reviewed 25 September 2023)ģ4 (composed of IRPJ at the rate of 25% and CSLL at the rate of 9%).Ĭambodia (Last reviewed 04 September 2023)Ĭameroon, Republic of (Last reviewed 28 February 2024)įederal CIT: 15%.
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