Effective Corporate Tax Rate by Country 2022

It is defined as the average tax rate that firms pay to the government on their earnings. Each country’s corporation laws determine the tax rates.

According to statistics from the Organization for Economic Co-operation & Development, or OECD, we can obtain a sense of how effective corporation tax rates are in different countries.

According to 2017 statistics, India has the highest effective average tax rate globally. The rate in this country was 44.1%. Costa Rica came in second with a tax rate of 37.9 percent, just ahead of India. Argentina came in third with a tax rate of 35.7%.

Most effective corporate tax rates in the world are found in countries such as India and Costa Rica and countries such as Argentina and France.

The lowest effective corporate taxes are found in countries such as Montserrat and Papua New Guinea and countries such as the United States and Malta.

On the other hand, some countries have a low corporation tax rate. This includes the British Virgin Islands, Guernsey; the Isle of Man; Jersey; Saudi Arabia; Turks & Caicos Islands.

Compared with other countries, other countries have a lower corporation tax rate.

Andorra, Bulgaria, Hungary, Liechtenstein, Macau, Ireland, Cyprus, Lithuania, Latvia, Mauritius, Romania, Albania, Hong Kong, Croatia, Singapore, Estonia, Poland, Slovenia, Russia, Iceland, Finland, the United Kingdom, Denmark, Switzerland, and Sweden are among the countries on this list of nations to be considered for membership.

Also See: EEA Countries 2022