Corporate Marginal Tax Rates - By country

Source: KPMG

From: January 2015 Update

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

Location
2006
2007
2008
2009
2010
2011
2012
2013
2014
Afghanistan
0.00%
20.00%
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%
15.00%
Algeria
25.00%
19.00%
Angola
35.00%
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%
35.00%
Armenia
20.00%
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%
28.00%
Australia
30.00%
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%
25.00%
Bahamas
0.00%
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%
0.00%
Bangladesh
30.00%
30.00%
30.00%
27.50%
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%
25.00%
Belarus
24.00%
24.00%
24.00%
24.00%
24.00%
24.00%
18.00%
18.00%
18.00%
Belgium
33.99%
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%
0.00%
Bolivia
25.00%
25.00%
25.00%
25.00%
25.00%
Bonaire, Saint Eustatius and Saba
0.00%
0.00%
0.00%
Bosnia and Herzegovina
10.00%
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%
22.00%
Brazil
34.00%
34.00%
34.00%
34.00%
34.00%
34.00%
34.00%
34.00%
25.00%
Bulgaria
15.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
Cambodia
20.00%
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%
26.50%
Cayman Islands
0.00%
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%
20.00%
China
33.00%
33.00%
25.00%
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%
25.00%
Costa Rica
30.00%
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%
20.00%
Curacao
34.50%
27.50%
27.50%
27.50%
Cyprus
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
12.50%
12.50%
Czech Republic
24.00%
24.00%
21.00%
20.00%
19.00%
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%
24.50%
Dominican Republic
30.00%
25.00%
25.00%
25.00%
25.00%
29.00%
29.00%
29.00%
28.00%
Ecuador
25.00%
25.00%
25.00%
25.00%
25.00%
24.00%
23.00%
22.00%
22.00%
Egypt
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
25.00%
25.00%
25.00%
El Salvador
30.00%
30.00%
30.00%
Estonia
23.00%
22.00%
21.00%
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%
20.00%
Finland
26.00%
26.00%
26.00%
26.00%
26.00%
26.00%
24.50%
24.50%
20.00%
France
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
33.33%
Georgia
15.00%
15.00%
Germany
38.34%
38.36%
29.51%
29.44%
29.41%
29.37%
29.48%
29.55%
29.58%
Ghana
25.00%
25.00%
Gibraltar
35.00%
35.00%
33.00%
27.00%
22.00%
10.00%
10.00%
10.00%
10.00%
Greece
29.00%
25.00%
25.00%
25.00%
24.00%
20.00%
20.00%
26.00%
26.00%
Guatemala
31.00%
31.00%
31.00%
31.00%
31.00%
31.00%
31.00%
31.00%
28.00%
Guernsey
0.00%
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%
30.00%
Hong Kong SAR
17.50%
17.50%
16.50%
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%
19.00%
Iceland
18.00%
18.00%
15.00%
15.00%
18.00%
20.00%
20.00%
20.00%
20.00%
India
33.66%
33.99%
33.99%
33.99%
33.99%
32.44%
32.45%
33.99%
33.99%
Indonesia
30.00%
30.00%
30.00%
28.00%
25.00%
25.00%
25.00%
25.00%
25.00%
Iraq
15.00%
15.00%
Ireland
12.50%
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%
0.00%
Israel
31.00%
29.00%
27.00%
26.00%
25.00%
24.00%
25.00%
25.00%
26.50%
Italy
37.25%
37.25%
31.40%
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%
25.00%
Japan
40.69%
40.69%
40.69%
40.69%
40.69%
40.69%
38.01%
38.01%
35.64%
Jersey
0.00%
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%
14.00%
Kazakhstan
30.00%
30.00%
30.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
Kenya
30.00%
30.00%
30.00%
Korea, Republic of
27.50%
27.50%
27.50%
24.20%
24.20%
22.00%
24.20%
24.20%
24.20%
Kuwait
55.00%
55.00%
55.00%
15.00%
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%
15.00%
Lebanon
15.00%
15.00%
Libya
40.00%
40.00%
40.00%
40.00%
20.00%
20.00%
20.00%
20.00%
Liechtenstein
12.50%
12.50%
12.50%
12.50%
Lithuania
15.00%
15.00%
15.00%
20.00%
15.00%
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%
29.22%
Macao SAR
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Macedonia (FYR)
15.00%
12.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
Malawi
30.00%
30.00%
30.00%
Malaysia
28.00%
27.00%
26.00%
25.00%
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%
35.00%
Mauritius
25.00%
22.50%
15.00%
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%
30.00%
Montenegro
9.00%
9.00%
9.00%
9.00%
9.00%
9.00%
9.00%
9.00%
9.00%
Morocco
30.00%
30.00%
Mozambique
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
32.00%
Namibia
34.00%
34.00%
33.00%
33.00%
Netherlands
29.60%
25.50%
25.50%
25.50%
25.50%
25.00%
25.00%
25.00%
25.00%
New Zealand
33.00%
33.00%
30.00%
30.00%
30.00%
28.00%
28.00%
28.00%
28.00%
Nigeria
30.00%
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%
27.00%
Oman
12.00%
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%
34.00%
Panama
30.00%
30.00%
30.00%
30.00%
27.50%
25.00%
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%
30.00%
Paraguay
10.00%
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%
30.00%
Philippines
35.00%
35.00%
35.00%
30.00%
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%
19.00%
Portugal
27.50%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
23.00%
Qatar
35.00%
35.00%
35.00%
35.00%
10.00%
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%
16.00%
Russia
24.00%
24.00%
24.00%
20.00%
20.00%
20.00%
20.00%
20.00%
20.00%
Samoa
29.00%
27.00%
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%
20.00%
Serbia
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
10.00%
15.00%
15.00%
Sierra Leone
30.00%
Singapore
20.00%
20.00%
18.00%
18.00%
17.00%
17.00%
17.00%
17.00%
17.00%
Sint Maarten (Dutch part)
34.50%
34.50%
34.50%
34.50%
Slovakia
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
19.00%
23.00%
22.00%
Slovenia
25.00%
23.00%
22.00%
21.00%
20.00%
20.00%
18.00%
17.00%
17.00%
South Africa
36.89%
36.89%
34.55%
34.55%
34.55%
34.55%
34.55%
28.00%
28.00%
Spain
35.00%
32.50%
30.00%
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%
28.00%
Sudan
35.00%
30.00%
15.00%
15.00%
15.00%
35.00%
35.00%
35.00%
35.00%
Suriname
36.00%
34.50%
Sweden
28.00%
28.00%
28.00%
26.30%
26.30%
26.30%
26.30%
22.00%
22.00%
Switzerland
21.30%
20.63%
19.20%
18.96%
18.75%
18.31%
18.06%
18.01%
17.92%
Syrian Arab Republic
35.00%
28.00%
28.00%
28.00%
28.00%
28.00%
28.00%
22.00%
22.00%
Taiwan
25.00%
25.00%
25.00%
25.00%
17.00%
17.00%
17.00%
17.00%
17.00%
Tanzania
30.00%
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%
20.00%
Trinidad and Tobago
25.00%
25.00%
25.00%
Tunisia
35.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
30.00%
25.00%
Turkey
20.00%
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%
30.00%
Ukraine
25.00%
25.00%
25.00%
25.00%
25.00%
25.00%
21.00%
19.00%
18.00%
United Arab Emirates
55.00%
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%
21.00%
United States
40.00%
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%
25.00%
Vanuatu
0.00%
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%
34.00%
Vietnam
28.00%
28.00%
28.00%
25.00%
25.00%
25.00%
25.00%
25.00%
22.00%
Yemen
35.00%
35.00%
35.00%
35.00%
35.00%
20.00%
20.00%
20.00%
20.00%
Zambia
35.00%
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%
25.75%
Africa average
30.82%
30.56%
28.65%
28.75%
28.38%
28.55%
29.02%
28.29%
27.85%
Americas average
29.97%
29.27%
28.84%
28.82%
28.28%
29.28%
28.67%
28.35%
27.62%
Asia average
28.99%
28.46%
27.99%
25.73%
23.96%
23.10%
22.89%
22.05%
21.91%
Europe average
23.70%
22.99%
21.95%
21.64%
21.46%
20.81%
20.42%
20.60%
19.68%
Oceania average
30.60%
30.20%
29.60%
29.20%
29.00%
28.60%
28.60%
27.00%
27.00%
North America average
38.05%
38.05%
36.75%
36.50%
35.50%
34.00%
33.00%
33.00%
33.25%
Latin America average
29.07%
28.30%
27.96%
27.96%
27.52%
28.83%
28.30%
27.96%
27.15%
EU average
24.83%
23.97%
23.17%
23.11%
22.93%
22.70%
22.51%
22.75%
21.34%
OECD average
27.67%
27.00%
25.99%
25.64%
25.70%
25.40%
25.15%
25.32%
24.11%
Global average
27.50%
26.95%
26.10%
25.38%
24.69%
24.50%
24.40%
23.71%
23.57%


Updated in January 2015
By Aswath Damodaran