Corporate Marginal Tax Rates - By country

Source: KPMG

From: January 2013 Update

Download as an excel file instead: http://www.stern.nyu.edu/~adamodar/pc/datasets/countrytaxrates.xls

Country 2006 2007 2008 2009 2010 2011 2012 2013
Afghanistan 0.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Albania 20.00% 20.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Angola 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
Argentina 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
Armenia 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Aruba 35.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00%
Australia 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Austria 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Bahamas 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Bahrain 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Bangladesh 30.00% 30.00% 30.00% 27.50% 27.50% 27.50% 27.50% 27.50%
Barbados 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Belarus 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 18.00% 18.00%
Belgium 33.99% 33.99% 33.99% 33.99% 33.99% 33.99% 33.99% 33.99%
Bermuda 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Bolivia NA NA NA NA 25.00% NA 25.00% 25.00%
Bonaire NA NA NA NA NA NA 0.00% 0.00%
Bosnia and Herzegovina 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Botswana 25.00% 25.00% 25.00% 25.00% 25.00% 22.00% 22.00% 22.00%
Brazil 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00%
Bulgaria 15.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Cambodia NA NA NA NA 20.00% 20.00% 20.00% 20.00%
Canada 36.10% 36.10% 33.50% 33.00% 31.00% 28.00% 26.00% 26.00%
Cayman Islands 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Chile 17.00% 17.00% 17.00% 17.00% 17.00% 20.00% 18.50% 20.00%
China 33.00% 33.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Colombia 35.00% 34.00% 33.00% 33.00% 33.00% 33.00% 33.00% 25.00%
Costa Rica 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Croatia 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Curacao NA NA NA NA NA 34.50% 27.50% 27.50%
Cyprus 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 12.50%
Czech Republic 24.00% 24.00% 21.00% 20.00% 19.00% 19.00% 19.00% 19.00%
Denmark 28.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Dominican Republic 30.00% 25.00% 25.00% 25.00% 25.00% 29.00% 29.00% 29.00%
Ecuador 25.00% 25.00% 25.00% 25.00% 25.00% 24.00% 23.00% 22.00%
Egypt 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 25.00% 25.00%
El Salvador NA NA NA NA NA NA 30.00% 30.00%
Estonia 23.00% 22.00% 21.00% 21.00% 21.00% 21.00% 21.00% 21.00%
Fiji 31.00% 31.00% 31.00% 29.00% 28.00% 28.00% 28.00% 20.00%
Finland 26.00% 26.00% 26.00% 26.00% 26.00% 26.00% 24.50% 24.50%
France 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33%
Georgia 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 15.00%
Germany 38.34% 38.36% 29.51% 29.44% 29.41% 29.37% 29.48% 29.55%
Gibraltar 35.00% 35.00% 33.00% 27.00% 22.00% 10.00% 10.00% 10.00%
Greece 29.00% 25.00% 25.00% 25.00% 24.00% 20.00% 20.00% 26.00%
Guatemala 31.00% 31.00% 31.00% 31.00% 31.00% 31.00% 31.00% 31.00%
Guernsey 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Honduras 30.00% 30.00% 30.00% 30.00% 25.00% 35.00% 35.00% 35.00%
Hong Kong 17.50% 17.50% 16.50% 16.50% 16.50% 16.50% 16.50% 16.50%
Hungary 16.00% 16.00% 16.00% 16.00% 19.00% 19.00% 19.00% 19.00%
Iceland 18.00% 18.00% 15.00% 15.00% 18.00% 20.00% 20.00% 20.00%
India 33.66% 33.99% 33.99% 33.99% 33.99% 32.44% 32.45% 33.99%
Indonesia 30.00% 30.00% 30.00% 28.00% 25.00% 25.00% 25.00% 25.00%
Ireland 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50% 12.50%
Isle of Man 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Israel 31.00% 29.00% 27.00% 26.00% 25.00% 24.00% 25.00% 25.00%
Italy 37.25% 37.25% 31.40% 31.40% 31.40% 31.40% 31.40% 31.40%
Jamaica 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 25.00%
Japan 40.69% 40.69% 40.69% 40.69% 40.69% 40.69% 38.01% 38.01%
Jersey 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Jordan 25.00% 25.00% 25.00% 25.00% 14.00% 14.00% 14.00% 14.00%
Kazakhstan 30.00% 30.00% 30.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Kenya NA NA NA NA NA NA 30.00% 30.00%
Korea, Republic of 27.50% 27.50% 27.50% 24.20% 24.20% 22.00% 24.20% 24.20%
Kuwait 55.00% 55.00% 55.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Latvia 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Libya 0.00% 40.00% 40.00% 40.00% 40.00% 20.00% 20.00% 20.00%
Liechtenstein NA NA NA NA NA 12.50% 12.50% 12.50%
Lithuania 15.00% 15.00% 15.00% 20.00% 15.00% 15.00% 15.00% 15.00%
Luxembourg 29.63% 29.63% 29.63% 28.59% 28.59% 28.80% 28.80% 29.22%
Macau 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%
Macedonia 15.00% 12.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Malawi NA NA NA NA NA NA 30.00% 30.00%
Malaysia 28.00% 27.00% 26.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Malta 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
Mauritius 25.00% 22.50% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%
Mexico 29.00% 28.00% 28.00% 28.00% 30.00% 30.00% 30.00% 30.00%
Montenegro 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00% 9.00%
Mozambique 32.00% 32.00% 32.00% 32.00% 32.00% 32.00% 32.00% 32.00%
Namibia NA NA NA NA NA 34.00% 34.00% 33.00%
Netherlands 29.60% 25.50% 25.50% 25.50% 25.50% 25.00% 25.00% 25.00%
New Zealand 33.00% 33.00% 30.00% 30.00% 30.00% 28.00% 28.00% 28.00%
Nigeria 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Norway 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00%
Oman 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00% 12.00%
Pakistan 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
Panama 30.00% 30.00% 30.00% 30.00% 27.50% 25.00% 25.00% 25.00%
Papua New Guinea 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Paraguay 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%
Peru 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Philippines 35.00% 35.00% 35.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Poland 19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00%
Portugal 27.50% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Qatar 35.00% 35.00% 35.00% 35.00% 10.00% 10.00% 10.00% 10.00%
Romania 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00% 16.00%
Russia 24.00% 24.00% 24.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Saba NA NA NA NA NA NA 0.00% 0.00%
Samoa 29.00% 27.00% 27.00% 27.00% 27.00% 27.00% 27.00% 27.00%
Saudi Arabia 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Serbia 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 15.00%
Singapore 20.00% 20.00% 18.00% 18.00% 17.00% 17.00% 17.00% 17.00%
Slovak Republic 19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 19.00% 23.00%
Slovenia 25.00% 23.00% 22.00% 21.00% 20.00% 20.00% 18.00% 17.00%
South Africa 36.89% 36.89% 34.55% 34.55% 34.55% 34.55% 34.55% 28.00%
Spain 35.00% 32.50% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Sri Lanka 32.50% 35.00% 35.00% 35.00% 35.00% 28.00% 28.00% 28.00%
St Eustatius NA NA NA NA NA NA 0.00% 0.00%
St Maarten NA NA NA NA NA 34.50% 34.50% 34.50%
Sudan 35.00% 30.00% 15.00% 15.00% 15.00% 35.00% 35.00% 35.00%
Sweden 28.00% 28.00% 28.00% 26.30% 26.30% 26.30% 26.30% 22.00%
Switzerland 21.23% 20.63% 19.21% 18.96% 18.75% 18.31% 18.06% 18.01%
Syria 35.00% 28.00% 28.00% 28.00% 28.00% 28.00% 28.00% 22.00%
Taiwan 25.00% 25.00% 25.00% 25.00% 17.00% 17.00% 17.00% 17.00%
Tanzania 0.00% 0.00% 0.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Thailand 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 23.00% 20.00%
Trinidad and Tobago NA NA NA NA NA NA 25.00% 25.00%
Tunisia 35.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Turkey 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
Uganda 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%
Ukraine 25.00% 25.00% 25.00% 25.00% 25.00% 25.00% 21.00% 19.00%
United Arab Emirates 55.00% 55.00% 55.00% 55.00% 55.00% 55.00% 55.00% 55.00%
United Kingdom 30.00% 30.00% 30.00% 28.00% 28.00% 26.00% 24.00% 23.00%
United States 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%
Uruguay 30.00% 30.00% 25.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Vanuatu 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Venezuela 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00% 34.00%
Vietnam 28.00% 28.00% 28.00% 25.00% 25.00% 25.00% 25.00% 25.00%
Yemen 35.00% 35.00% 35.00% 35.00% 35.00% 20.00% 20.00% 20.00%
Zambia 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00% 35.00%
Zimbabwe 30.90% 30.90% 30.90% 30.90% 25.75% 25.75% 25.75% 25.75%
Africa average 30.82% 30.56% 28.65% 28.75% 28.38% 28.55% 29.02% 28.57%
North America average 38.05% 38.05% 36.75% 36.50% 35.50% 34.00% 33.00% 33.00%
Asia average 28.99% 28.46% 27.99% 25.73% 23.96% 23.10% 22.89% 22.49%
Europe average 23.70% 22.99% 21.95% 21.64% 21.46% 20.81% 20.42% 20.60%
Latin America average 29.07% 28.30% 27.96% 27.96% 27.52% 29.02% 28.30% 27.61%
Oceania average 30.60% 30.20% 29.60% 29.20% 29.00% 28.60% 28.60% 27.00%
EU average 25.01% 24.11% 23.29% 23.22% 23.04% 22.80% 22.60% 22.85%
OECD average 27.67% 27.00% 25.99% 25.64% 25.70% 25.40% 25.15% 25.32%
Global average 27.50% 26.95% 26.10% 25.38% 24.69% 24.50% 24.40% 24.08%


Updated in January 2014
By Aswath Damodaran