![]() Please refer to the Taxes on corporate income section for effective tax rates for different classes of companies.ġ5 (35 for certain companies in the oil and gas sector) 15% or 22% (plus applicable surcharge and cess) subject to certain conditions.įoreign companies (having PE in India): 40% (applicable surcharge and cess) 25% or 30% (plus applicable surcharge and cess) depending on turnover.Ģ. ![]() Hong Kong SAR (Last reviewed 28 June 2023)ġ. Income from property, importation of hydrocarbon oil and gas, retail businesses where taxable profits are above GBP 500,000, income from the licensed activity of cultivation of cannabis plants, and income from the use of those cultivated cannabis plants or parts of those cultivated cannabis plants: 20.Ģ5, plus a surcharge of 5% on net taxable income over HNL 1 million. Guernsey, Channel Islands (Last reviewed 30 June 2023)īanking, custody services, insurance, certain fund administration businesses, regulated investment management services to individual clients, operating an investment exchange, compliance and other related activities provided to regulated financial services businesses, and operating an aircraft registry: 10 Simplified optional system: 7% on gross income ![]() Utility and energy providers and corp.'s abusing a dominant position pay a rate of 20%. Trade tax: From 8.75% to 20.3%, depending upon the location of the business establishment. Provincial and territorial CITs range from 8% to 16% and are not deductible for federal CIT purposes.Ĭayman Islands (Last reviewed 12 July 2023)Ĭhina, People's Republic of (Last reviewed 28 June 2023)Ĭongo, Democratic Republic of the (Last reviewed 31 December 2022)Ĭongo, Republic of (Last reviewed 16 July 2023)ġ8 (10% for companies realising less than EUR 995,421.06 in revenues)Ĭzech Republic (Last reviewed 27 July 2023)ĭominican Republic (Last reviewed 12 January 2023)Įcuador (Last reviewed 01 September 2023)Ģ2%, 25%, or 28%, depending on the company's shareholders structure (corporate structure) and disclosure compliance.Įquatorial Guinea (Last reviewed 02 August 2023)Ģ0 (undistributed profits are tax exempt)Įthiopia (Last reviewed 07 December 2022)ģ0 (35% for oil & gas and mining companies)ġ5 (20 for banks, credit unions, microfinance organisations, and loan providers).Ĭorporate income tax/solidarity surcharge: 15.825% It was reduced to 24% in 2023 and will further decrease to 23% in 2024)Īzerbaijan (Last reviewed 04 September 2023)īahrain (Last reviewed 13 September 2023)Ģ5 (except for mining, financial institutions, and insurance/reinsurance companies, which have an additional income tax rate).īosnia and Herzegovina (Last reviewed 21 April 2023)ģ4 (composed of IRPJ at the rate of 25% and CSLL at the rate of 9%).Ĭambodia (Last reviewed 04 September 2023)Ĭameroon, Republic of (Last reviewed 01 August 2023)įederal CIT: 15%. 23% for building activities, public works, and hydraulics, as well as tourist and thermal activities, excluding travel agencies Īrgentina (Last reviewed 22 February 2023)ģ0% (25% for 'small-medium business' entities)Ģ4 (until 2022 this rate was 25%.
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