World's LowestCorporate Tax Rates

Zero corporate tax for most companies. Banking and fiduciary businesses pay 10%, utilities and large retailers pay 20%. Favorable offshore jurisdiction with British Crown dependency status.

Zero corporate tax for most companies. Banking and fiduciary businesses pay 10%, utilities and large retailers pay 20%.

Zero corporate tax for most companies. Banking and large retail businesses pay 10%. British Crown dependency with favorable business environment.

Bahrain has zero corporate tax for most businesses. Only oil and gas companies pay 46% corporate income tax. No VAT or sales tax.

Zero corporate tax, making it one of the world's premier offshore financial centers. No capital gains, withholding, or payroll taxes.

No corporate income tax. However, payroll tax applies at rates up to 10.25% split between employer and employee.

Zero corporate tax for all companies. One of the world's most favorable tax jurisdictions with no income, capital gains, or wealth taxes.

No corporate income tax. Business license fees apply based on turnover. Popular offshore jurisdiction.

Free zone companies meeting substance requirements enjoy 0% corporate tax on qualifying income. Must have adequate substance and meet conditions.

UAE introduced a 9% federal corporate tax in 2023 on business profits. However, businesses with taxable profits below AED 375,000 ($102,000) remain at 0%. Free zone companies meeting substance requirements also enjoy 0% corporate tax on qualifying income.

Hungary has the EU's lowest corporate tax rate at 9%. Combined with R&D incentives and EU access, very competitive.

Corporate tax rate of 9%. EU candidate country with low taxes and business-friendly environment.

Corporate tax of 10% on taxable income. Only applies to foreign companies and Qatari companies engaged in specific activities. Oil and gas extraction taxed at 35%.

Flat 10% corporate tax rate - the lowest in the EU. Combined with low operating costs and EU membership, highly attractive for business.

Flat 10% corporate tax rate on net taxable income. Territorial tax system - only Paraguayan-sourced income is taxed.

Maximum corporate tax rate of 10%. New businesses and companies engaged in international trade can get reduced rates as low as 2%.

Flat 12% corporate tax rate. IT companies can benefit from reduced rates. Low operating costs in Eastern Europe.

Corporate tax rate of 12.5%. Utility companies pay 20%. No tax on capital gains or dividends received from participations.

Ireland's famous 12.5% corporate tax rate attracts multinational corporations. Trading income taxed at 12.5%, non-trading income at 25%. Knowledge Development Box at 6.25%.

Corporate tax of 12.5% - among EU's lowest. IP Box regime taxes qualifying IP income at effective 2.5%. No withholding tax on dividends.

Corporate tax of 12.5% on net profits. Favorable holding company and foundation structures. Strong financial privacy.

Combined federal (8.5%) and cantonal corporate tax ranges from 11.9% to 21.6% depending on canton. Patent Box regime available. Holding company benefits.

Standard corporate tax rate of 15%. Small and medium enterprises with income under OMR 100,000 are exempt.

Corporate tax of 15% applies only to foreign companies. Kuwaiti companies and GCC companies are exempt from corporate tax.

Standard 15% corporate tax. Small companies (turnover <€300,000 and <10 employees) pay 5%. R&D incentives available.

Standard 16% corporate tax. Micro-enterprises pay 1% (revenue <€500k) or 3% (revenue €500k-1M). Low costs in EU.

Two-tiered corporate tax: 8.25% on first HK$2M profits, 16.5% above. Territorial system - only HK-sourced income taxed. No capital gains tax.

Standard 17% corporate tax with generous exemptions. First S$200,000 of profits partially exempt. No capital gains tax. Pioneer companies get tax holidays.

Corporate tax of 18%. Companies with annual income up to HRK 7.5M pay 10%. EU member with competitive rates.

Standard 19% corporate tax. Small taxpayers (revenue below €2M) can opt for 9% CIT or flat-rate income tax. Estonian CIT model available for some.

Standard 19% corporate tax. R&D super deduction of 100% available. EU member with competitive rates.

Corporate tax of 20% on resident companies. Oil and gas companies pay up to 85%. Zakat (2.5%) applies instead for Saudi and GCC nationals.

Standard 20% corporate tax. However, reinvested profits are not taxed - tax deferred until distribution. Effectively 0% on retained earnings.

Unique system: 0% tax on retained and reinvested profits, 20% only on distributed profits. Effectively 0% for growing businesses. E-Residency program.

Flat 20% corporate tax rate. Participation exemption for qualifying shareholdings. Advanced Nordic economy.

Standard 20% corporate tax (3% federal, 17% regional). Special economic zones offer reduced rates. Sanctions and political risks.

Flat 20% corporate tax rate. Participation exemption for dividends. Small island economy with stable institutions.

Standard 20% corporate tax. SMEs pay 0% on first ฿300,000, 15% on next ฿2.7M. Board of Investment offers tax holidays for promoted activities.

Standard 20% corporate tax. Encouraged sectors pay 10% or 17%. Tax holidays available for investments in priority areas.

Standard 20% corporate tax. Undistributed earnings tax of 5% applies to retained earnings. R&D tax credits and incentives available.

Corporate tax of 20.6%. Participation exemption for capital gains and dividends. No withholding tax on dividends.

Flat 21% corporate tax rate. Investment incentives and R&D tax credits available. Strategic Central European location.

Standard 21% corporate tax plus municipal surcharge. Madeira Free Zone offers 5% rate. Non-Habitual Resident scheme for qualifying individuals.

Federal 21% corporate tax plus state taxes (0-11.5%). Combined effective rate typically 25-29%. GILTI and FDII provisions for international operations.

Flat 22% corporate tax rate. Participation exemption for qualifying shareholdings. No withholding tax on dividends to parent companies.

Standard 22% corporate tax. Shipping companies in tonnage tax scheme pay 0%. Oil and gas extraction faces 78% combined tax rate.

Corporate tax of 22%. Reduced rate of 20% for companies with gross income up to €1M. Shipping companies in tonnage tax pay minimal tax.

Corporate tax of 22%. Various tax holidays and reductions available for investment in priority sectors and special economic zones.

Standard 22.5% corporate tax. Companies in Suez Canal Economic Zone pay 2.5%. Free zones and special economic zones offer benefits.

Standard 23% corporate tax. Preferred and special preferred enterprises in development areas pay 7.5-16%. Strong tech ecosystem.

Standard 24% corporate tax. First RM600,000 taxed at 17% for SMEs. Labuan offshore companies pay 3%. Pioneer status and investment allowances available.

Corporate tax of 24% (increased from 25% in 2024). Group taxation and R&D incentives available. Central European location.

Combined corporate tax around 24.94% including municipal business tax. IP Box regime at 5.76%. Major holding company jurisdiction.

Corporate tax of 25% (reduced from 20% in 2024). Various investment incentives available in priority regions and sectors.

Main rate 25% for profits over £250,000. Small profits rate of 19% for profits up to £50,000. Marginal relief applies between thresholds.

Standard 25% corporate tax. Newly created companies pay 15% for first 2 profit-making years. Patent Box regime at 10%.

Standard 25% corporate tax. Small companies pay 20%. Innovation income deduction results in effective 6.8% rate on qualifying IP.

Standard 25% corporate tax. SMEs pay reduced 15% rate on profits up to €42,500. Patent Box and R&D tax credits available.

Standard 25% corporate tax. High-tech enterprises pay 15%. Small enterprises pay 5%. Special economic zones offer incentives.

Corporate tax of 25% (reduced from 30% in 2023). Domestic companies with net taxable income ≤₱5M and assets ≤₱100M pay 20%.

Two-tier: 19% on first €200,000, 25.8% above. Innovation Box taxes qualifying IP income at 9%. Extensive tax treaty network.

Combined federal (15%) and provincial (11.5% average) tax ~26.5%. Small business rate of 9% federal on first $500,000. SR&ED tax credits for R&D.

Standard 27% corporate tax. Simplified tax regime for SMEs. Most stable economy in Latin America with extensive trade agreements.

Standard 27% corporate tax. Small business corporations pay progressive rates (0-28%). Various incentives for investment in priority sectors.

Progressive corporate tax: 9% up to ₩200M, 19% up to ₩20B, 21% up to ₩300B, 24% above. Local tax adds ~10%. Advanced technology economy.

Combined 27.9% (24% IRES + 3.9% IRAP). Patent Box allows 90% exemption on qualifying IP income. Major EU economy.

Flat 28% corporate tax rate. No capital gains tax. Simple tax system with few loopholes.

Combined ~29.9% (15% corporate tax + solidarity surcharge + trade tax). Rate varies by municipality. Europe's largest economy.

Standard 30% corporate tax. Base rate entities (turnover <$50M, passive income <80%) pay 25%. R&D tax incentive available.

Standard 30% plus surcharge and cess (effective ~34%). Domestic companies can opt for 22%. New manufacturing companies pay 15%. SEZ benefits available.

Flat 30% corporate tax rate. Maquiladora program offers benefits. Treaty benefits and profit repatriation planning important.

Standard 30% corporate tax. Small companies (turnover <₦25M) pay 20%. Pioneer status offers tax holidays. Largest African economy.

Corporate tax of 30%. Export processing zones and special economic zones offer reduced rates. East African hub.

Combined ~30.62% (national + local corporate taxes). Rate varies by location and company size. Third-largest economy.

Standard 32% corporate tax. Casablanca Finance City companies pay 15% for 5 years. Export companies pay 20%. Strategic Africa-Europe location.

Corporate tax of 33.33% only applies to companies with more than 25% turnover outside Monaco. Monaco-sourced income companies pay 0%.

Combined 34% (15% IRPJ + 10% surtax + 9% CSLL). Complex tax system. Free trade zones offer reduced rates. Largest Latin American economy.

Corporate tax of 35% plus various provincial taxes. Economic instability and high inflation. Tax planning essential.

Standard 35% corporate tax. Free trade zones offer 20% rate. Growing economy with improving business climate.

Headline 35% corporate tax, but shareholder refund system results in effective 5% rate for foreign shareholders. EU member with favorable regime.