![]() ![]() Maldives, Republic of (Last reviewed 14 January 2023) ![]() Liechtenstein (Last reviewed 10 July 2023)Ģ4.94% on a combined basis (CIT, solidarity surtax, and municipal business tax ) Kyrgyzstan (Last reviewed 02 August 2023)Ģ0 (payable only when profits are distributed). Korea, Republic of (Last reviewed 27 June 2023) Telecommunication, insurance corp.'s, financial intermediary: 24 ![]() Jersey, Channel Islands (Last reviewed 14 July 2023)Ġ, with certain financial services companies paying 10, and utility companies, large corporate retailers, and cannabis businesses paying 20. Ivory Coast (Côte d'Ivoire) (Last reviewed 20 June 2023) 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)Ģ2%, 25%, or 28%, depending on the company's shareholders structure (corporate structure) and disclosure compliance.Įquatorial Guinea (Last reviewed 24 March 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 23 February 2023)īarbados (Last reviewed 14 February 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 15 February 2023)įederal CIT: 15%. Updates made to reflect the new changes announced in the Summer Budget 2015.Ĭorporation Tax on chargeable gains: Indexation Allowance 2014 addd to this page.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%. Rates, allowances and duties have been updated for the tax year 2016 to 2017. Rates, allowances and duties have been updated for the tax year 2017 to 2018. Rates, allowances and duties have been updated for the tax year 2018 to 2019. ![]() The guidance has been updated with the current rate of Corporation Tax for non-ring fence profits.Ĭorporation tax rate tables updated for 2019. The rates and allowances have been updated for tax year 2019 to 2020. Amended column header in Ring Fence companies table to ‘2014 to 2021’. The Corporation Tax main rate will remain at 19% from 1 April 2023.Ĭolumn added to Corporation Tax rates table for 2022 and information added on 2021 Spring Budget.Ĭolumn added to the rates table for 2021. The rates tables have also been updated for the financial year 1 April 2023 to 31 March 2024. Marginal relief is also available for companies with profits between £50,000 and £250,000. From 1 April 2023 there is no longer a single Corporation Tax rate for non-ring fence profits. ![]()
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