Headline corporate and top individual income tax rates for every jurisdiction we cover, with projections through 2028. Projected rates carry the current rate forward unless a change is already enacted or officially scheduled. Each country links to its full handbook.
All country handbooks| Jurisdiction | 2025 (current) | 2026 | 2027 | 2028 | Notes |
|---|---|---|---|---|---|
| Albania | 15% | 15% | 15% | 15% | Standard rate; reduced rates for small business and some sectors. |
| Algeria | 26% | 26% | 26% | 26% | Services/trade 26%; construction 23%; production 19%. |
| Andorra | 10% | 10% | 10% | 10% | Flat corporate tax (Impost sobre Societats); reduced first-year and special-regime rates for some entities. |
| Angola | 25% | 25% | 25% | 25% | Standard rate; oil, mining and banking taxed higher. |
| Argentina | 35% | 35% | 35% | 35% | Top bracket of the progressive 25%/30%/35% schedule. |
| Armenia | 18% | 18% | 18% | 18% | Standard rate. |
| Australia | 30% | 30% | 30% | 30% | Full rate; 25% for base-rate entities (turnover under A$50m). |
| Austria | 23% | 23% | 23% | 23% | Reduced to 23% from 2024 (was 24%). |
| Azerbaijan | 20% | 20% | 20% | 20% | Flat rate. |
| Bahamas | 0% | 0% | 0% | 0% | No general corporate income tax; 15% top-up tax for large multinationals from 2025. |
| Bahrain | 0% | 0% | 0% | 0% | No general CIT; 15% top-up tax for large multinationals from 2025; oil & gas 46%. |
| Bangladesh | 27.5% | 27.5% | 27.5% | 27.5% | Non-listed standard rate; 25% if all transactions run through banking channels. |
| Barbados | 9% | 9% | 9% | 9% | Standard 9% (sliding tiers); 15% top-up tax for large multinational groups. |
| Belarus | 20% | 20% | 20% | 20% | Standard rate; 25% for banks, insurers and high-profit companies; 30% on certain activities. |
| Belgium | 25% | 25% | 25% | 25% | Standard rate; 20% on the first โฌ100,000 for qualifying small companies. |
| Bermuda | 0% | 0% | 0% | 0% | No general CIT; 15% corporate tax for large MNE groups (over โฌ750m) from 2025. |
| Bolivia | 25% | 25% | 25% | 25% | Standard IUE; surtaxes for the financial and mining sectors. |
| Bosnia and Herzegovina | 10% | 10% | 10% | 10% | 10% across all entities (FBiH, RS, Brฤko). |
| Botswana | 22% | 22% | 22% | 22% | Standard rate; manufacturing/IFSC 15%. |
| Brazil | 34% | 34% | 34% | 34% | IRPJ 15% + 10% surtax + 9% CSLL combined; insurers and financial institutions ~40โ45%. |
| Brunei Darussalam | 18.5% | 18.5% | 18.5% | 18.5% | Standard rate; relief on the first BND 250,000. |
| Bulgaria | 10% | 10% | 10% | 10% | Flat rate; 15% top-up tax for large multinationals. |
| Cabo Verde | 20.4% | 20.4% | 20.4% | 20.4% | 20% CIT + 2% fire-brigade surcharge. |
| Cambodia | 20% | 20% | 20% | 20% | Standard rate; oil, gas and mining higher. |
| Cameroon | 33% | 33% | 33% | 33% | 30% CIT plus a 10% council surcharge. |
| Canada | 26% | 26% | 26% | 26% | Combined 15% federal + typical provincial rate (OECD basis). |
| Cayman Islands | 0% | 0% | 0% | 0% | No corporate income tax. |
| Chad | 35% | 35% | 35% | 35% | Standard rate; 1.5% minimum turnover tax also applies. |
| Chile | 27% | 27% | 27% | 27% | First Category Tax; SMEs 25% (temporarily reduced). |
| China | 25% | 25% | 25% | 25% | Standard rate; 15% for High and New Technology Enterprises; reduced rates for small low-profit firms. |
| Colombia | 35% | 35% | 35% | 35% | Standard rate; surcharges for financial institutions and extractives; 15% minimum tax. |
| Costa Rica | 30% | 30% | 30% | 30% | Top rate; reduced brackets for smaller companies. |
| Cรดte d'Ivoire | 25% | 25% | 25% | 25% | Standard rate; 30% for telecom/ICT. |
| Croatia | 18% | 18% | 18% | 18% | Standard rate; 10% for revenue under โฌ1m. |
| Cyprus | 12.5% | 15% | 15% | 15% | Standard corporate rate. Increase to 15% enacted, effective 1 Jan 2026. |
| Czech Republic | 21% | 21% | 21% | 21% | Raised from 19% to 21% in 2024. |
| Democratic Republic of the Congo | 30% | 30% | 30% | 30% | Standard rate, including mining companies. |
| Denmark | 22% | 22% | 22% | 22% | Standard rate; higher for hydrocarbon and financial sectors. |
| Dominican Republic | 27% | 27% | 27% | 27% | Standard rate. |
| Ecuador | 25% | 25% | 25% | 25% | General rate; 28% where there is tax-haven ownership. |
| Egypt | 22.5% | 22.5% | 22.5% | 22.5% | Standard rate; oil and Suez-zone entities taxed higher. |
| El Salvador | 30% | 30% | 30% | 30% | 30%; 25% if taxable income is under US$150,000. |
| Equatorial Guinea | 25% | 25% | 25% | 25% | Standard rate; oil, gas and mining sector 35%. |
| Estonia | 22% | 22% | 22% | 22% | Tax on distributed profits only (22/78 of the net distribution). |
| Eswatini | 25% | 25% | 25% | 25% | Reduced from 27.5% for year-ends after 31 Dec 2024. |
| Ethiopia | 30% | 30% | 30% | 30% | Standard business income tax; mining 25%; petroleum under separate terms. |
| Finland | 20% | 20% | 20% | 20% | Flat rate. |
| France | 25% | 25% | 25% | 25% | Standard rate; +3.3% social surcharge where CIT exceeds โฌ763,000. |
| Gabon | 30% | 30% | 30% | 30% | Standard rate; oil and mining 35%. |
| Georgia | 15% | 15% | 15% | 15% | Estonian-style tax on distributed profits; banks 20%. |
| Germany | 30% | 30% | 30% | 29% | Combined corporate tax + solidarity + municipal trade tax; legislated cuts begin 2028. Corporate tax falls 15% to 14% in 2028 under ยง23 KStG (then 1pt a year to 10% from 2032), cutting the combined rate to about 29%. |
| Ghana | 25% | 25% | 25% | 25% | Standard rate; mining and petroleum 35%. |
| Gibraltar | 15% | 15% | 15% | 15% | Increased from 12.5% effective 1 July 2024. |
| Greece | 22% | 22% | 22% | 22% | Standard rate; credit institutions 29%. |
| Greenland | 25% | 25% | 25% | 25% | Effective โ26.5% with the on-account surcharge. |
| Guatemala | 25% | 25% | 25% | 25% | Profit regime; optional 7% gross-income regime. |
| Guernsey | 0% | 0% | 0% | 0% | 0% standard; 10% finance, 20% utilities; 15% top-up for large multinationals from 2025. |
| Guyana | 25% | 25% | 25% | 25% | Non-commercial rate; commercial companies 40%. |
| Honduras | 25% | 25% | 25% | 25% | Plus a 5% solidarity surcharge above HNL 1m of income. |
| Hong Kong | 16.5% | 16.5% | 16.5% | 16.5% | Upper tier; first HK$2m at 8.25%. |
| Hungary | 9% | 9% | 9% | 9% | Flat 9%; local business tax up to 2% is separate. |
| Iceland | 20% | 20% | 20% | 20% | Rate for limited-liability companies. |
| India | 30% | 30% | 30% | 30% | Base rate (plus surcharge & cess); 22% concessional or 15% new-manufacturing options. |
| Indonesia | 22% | 22% | 22% | 22% | Flat rate; listed public companies may qualify for 19%. |
| Iraq | 15% | 15% | 15% | 15% | Flat rate; oil and gas 35%. |
| Ireland | 12.5% | 12.5% | 12.5% | 12.5% | Trading rate; 25% on non-trading/passive income. |
| Isle of Man | 0% | 0% | 0% | 0% | 0% standard; banks 10%, land/property 20%; 15% for large multinationals/retailers. |
| Israel | 23% | 23% | 23% | 23% | Standard rate; 15% Pillar Two top-up from 2026. |
| Italy | 24% | 24% | 24% | 24% | IRES 24%; regional IRAP โ3.9% is levied separately. |
| Jamaica | 25% | 25% | 25% | 25% | Non-regulated rate; regulated companies 33โ %. |
| Japan | 29.7% | 29.7% | 29.7% | 29.7% | OECD combined national + local; national CIT 23.2%. |
| Jersey | 0% | 0% | 0% | 0% | 0% standard; 10% financial services, 20% utilities/large retail. |
| Jordan | 20% | 20% | 20% | 20% | Standard rate; banks 35%. |
| Kazakhstan | 20% | 20% | 20% | 20% | General rate; banks and gambling 25% from 2026. |
| Kenya | 30% | 30% | 30% | 30% | Standard resident rate. |
| Kosovo | 10% | 10% | 10% | 10% | Standard rate; small business under โฌ30k exempt. |
| Kuwait | 15% | 15% | 15% | 15% | 15% on foreign ownership; 15% top-up tax for large multinationals from 2025. |
| Laos | 20% | 20% | 20% | 20% | Standard rate. |
| Latvia | 20% | 20% | 20% | 20% | Tax on distributed profits only (effective 25% of the net distribution). |
| Lebanon | 17% | 17% | 17% | 17% | Standard rate. |
| Libya | 20% | 20% | 20% | 20% | Flat rate; the 4% Jihad (defence) tax was abolished in July 2025. |
| Liechtenstein | 12.5% | 12.5% | 12.5% | 12.5% | Flat profit tax; CHF 1,800 annual minimum. |
| Lithuania | 16% | 17% | 17% | 17% | Standard corporate rate. Rose to 17% from 1 Jan 2026 (enacted). |
| Luxembourg | 23.87% | 23.87% | 23.87% | 23.87% | Combined CIT + solidarity surtax + municipal business tax (Luxembourg City). |
| Madagascar | 20% | 20% | 20% | 20% | Standard real-regime rate. |
| Malaysia | 24% | 24% | 24% | 24% | Standard rate; resident SMEs pay 15%/17% on the first RM600,000 of chargeable income. |
| Malta | 35% | 35% | 35% | 35% | 35% headline; the imputation/refund system reduces the effective rate. |
| Mauritania | 25% | 25% | 25% | 25% | Higher of 25% of profit or 2% of turnover (2.5% under the intermediate regime). |
| Mauritius | 15% | 15% | 15% | 15% | 15% plus 2% CSR and 2% CCR levies. |
| Mexico | 30% | 30% | 30% | 30% | Standard federal rate. |
| Moldova | 12% | 12% | 12% | 12% | Flat rate. |
| Monaco | 25% | 25% | 25% | 25% | Business profits tax on qualifying activities. |
| Mongolia | 25% | 25% | 25% | 25% | Top bracket above MNT 6bn; 10% below. |
| Montenegro | 15% | 15% | 15% | 15% | Top rate of the progressive 9%/12%/15% scale. |
| Morocco | 35% | 35% | 35% | 35% | Standard 20%; 35% where net fiscal profit is MAD 100m or more. |
| Mozambique | 32% | 32% | 32% | 32% | Standard rate. |
| Myanmar | 22% | 22% | 22% | 22% | Reduced from 25% to 22% in 2021. |
| Namibia | 30% | 28% | 28% | 28% | Non-mining company rate. Scheduled reduction to 28% from 2026. |
| Nepal | 25% | 25% | 25% | 25% | Standard rate; banks, finance, insurance, telecom, tobacco, alcohol and petroleum 30%; special industries 20%. |
| Netherlands | 25.8% | 25.8% | 25.8% | 25.8% | Top bracket; 19% on the first โฌ200,000. |
| New Zealand | 28% | 28% | 28% | 28% | Flat rate. |
| Nicaragua | 30% | 30% | 30% | 30% | Flat 30%; 1โ3% minimum tax on gross income. |
| Nigeria | 30% | 30% | 30% | 30% | Large companies 30%; plus a 4% development levy from 2026. |
| North Macedonia | 10% | 10% | 10% | 10% | Flat rate. |
| Norway | 22% | 22% | 22% | 22% | General rate; financial sector 25%. |
| Oman | 15% | 15% | 15% | 15% | Standard rate; 15% top-up tax for large multinationals from 2025. |
| Pakistan | 29% | 29% | 29% | 29% | Standard company rate; from tax year 2027 super tax is 8% above PKR 500m (10% above PKR 150m for banks, petroleum E&P and fertilizer). |
| Palestinian Territories | 15% | 15% | 15% | 15% | Standard rate; telecoms and monopolies 20%. |
| Panama | 25% | 25% | 25% | 25% | Fixed rate for corporations. |
| Papua New Guinea | 30% | 30% | 30% | 30% | Resident company rate; banks taxed higher. |
| Paraguay | 10% | 10% | 10% | 10% | IRE business income tax. |
| Peru | 29.5% | 29.5% | 29.5% | 29.5% | Standard rate. |
| Philippines | 25% | 25% | 25% | 25% | Standard RCIT; 20% for small domestic firms. |
| Poland | 19% | 19% | 19% | 19% | Standard rate; 9% for small taxpayers and new companies; Estonian CIT option. |
| Portugal | 20% | 19% | 18% | 17% | IRC standard rate; plus municipal derrama up to 1.5%. SME rate 15% on the first โฌ50,000 from 2026. Reduced to 19% from 2026 (Law 64/2025). Reduced to 18% from 2027 (Law 64/2025). Reduced to 17% from 2028 (Law 64/2025). |
| Puerto Rico | 37.5% | 37.5% | 37.5% | 37.5% | 18.5% normal tax + graduated surtax up to 19% (combined โ37.5%); Act 60 export/manufacturing decrees far lower. |
| Qatar | 10% | 10% | 10% | 10% | Flat 10%; GCC/Qatari-owned entities exempt. |
| Republic of the Congo | 30% | 28% | 28% | 28% | Standard rate. Reduced from 30% to 28% by the 2026 finance law (Loi nยฐ 42 of 31 Dec 2025). |
| Romania | 16% | 16% | 16% | 16% | Standard rate; micro-company turnover regime 1%/3%. |
| Russia | 25% | 25% | 25% | 25% | Standard rate from 2025 (raised from 20%); IT sector 5% through 2030. |
| Rwanda | 28% | 28% | 28% | 28% | Reduced from 30% to 28%. |
| Saudi Arabia | 20% | 20% | 20% | 20% | CIT on the non-Saudi/GCC share of profits; Saudi/GCC owners pay 2.5% Zakat; oil and hydrocarbons 50โ85%. |
| Senegal | 30% | 30% | 30% | 30% | Standard rate. |
| Serbia | 15% | 15% | 15% | 15% | Flat rate. |
| Singapore | 17% | 17% | 17% | 17% | Flat rate; partial exemptions on lower profits. |
| Slovakia | 21% | 21% | 21% | 21% | 21% standard; 24% for income over โฌ5m; 10% micro. |
| Slovenia | 22% | 22% | 22% | 22% | Temporary 22% for 2024โ2028 (base rate 19%). |
| South Africa | 27% | 27% | 27% | 27% | Reduced to 27% from 2023. |
| South Korea | 27.5% | 27.5% | 27.5% | 27.5% | Top national 25% (from FY2026, +1pt reform) + 10% local income tax surtax (OECD combined). |
| Spain | 25% | 25% | 25% | 25% | General rate; micro-enterprises (turnover under โฌ1m) 19%/21% and entities of reduced size (turnover under โฌ10m) 23% from 2026 (Law 7/2024). |
| Sri Lanka | 30% | 30% | 30% | 30% | Standard rate; concessionary 15โ18% for specified sectors; betting, liquor and tobacco 40โ45%. |
| Sweden | 20.6% | 20.6% | 20.6% | 20.6% | Flat national rate. |
| Switzerland | 19.6% | 19.6% | 19.6% | 19.6% | OECD combined federal + cantonal/communal average. |
| Taiwan | 20% | 20% | 20% | 20% | Flat rate. |
| Tajikistan | 18% | 18% | 18% | 18% | Standard rate under the third paragraph of Tax Code art. 183(4); credit and financial organisations and mobile companies 20%. Goods production was taxed at 13% through 31 December 2025. The 13% goods-production rate in the first paragraph of art. 183(4) was effective only until 31 December 2025; art. 397(13) sets the rate at 18% from 1 January 2026. |
| Tanzania | 30% | 30% | 30% | 30% | Standard resident rate. |
| Thailand | 20% | 20% | 20% | 20% | Standard rate. |
| Timor-Leste | 10% | 10% | 10% | 10% | Flat rate; oil and gas contractors 30%. |
| Trinidad and Tobago | 30% | 30% | 30% | 30% | Standard non-petroleum rate; banks 35%. |
| Tunisia | 20% | 20% | 20% | 20% | Raised from 15% in 2025; banks and finance 40%. |
| Turkey | 25% | 25% | 25% | 25% | Standard rate; financial institutions 30%. |
| Turkmenistan | 8% | 8% | 8% | 8% | Resident private companies; foreign and state entities 20%. |
| Uganda | 30% | 30% | 30% | 30% | Standard resident rate. |
| Ukraine | 18% | 18% | 18% | 18% | Standard rate; banks 25%. |
| United Arab Emirates | 9% | 9% | 9% | 9% | 9% above AED 375,000 (0% below); 15% top-up tax for large multinationals. |
| United Kingdom | 25% | 25% | 25% | 25% | Main rate; 19% small-profits rate under ยฃ50,000. |
| United States | 25.6% | 25.6% | 25.6% | 25.6% | Combined 21% federal + average state tax (OECD basis). |
| Uruguay | 25% | 25% | 25% | 25% | Standard rate. |
| Uzbekistan | 15% | 15% | 15% | 15% | Standard rate; banks and telecom 20%. |
| Venezuela | 34% | 34% | 34% | 34% | Top bracket of the 15/22/34% ISLR schedule; banks and insurers 40%; hydrocarbons 50%. |
| Vietnam | 20% | 20% | 20% | 20% | Standard rate; SMEs 15โ17% under the 2025 law. |
| Zambia | 30% | 30% | 30% | 30% | Standard rate; sector-specific rates differ. |
| Zimbabwe | 25.75% | 25.75% | 25.75% | 25.75% | 25% CIT plus a 3% AIDS levy. |