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What is the Tax Percentage paid by businesses in different countries? - Answers

Questions answered : 768||Last updated on : July 5th, 2018 At 10:00pm (ET)

What is the Tax Percentage paid by businesses in different countries?

World map depicting global tax rate

Taxes serve as the basic source of revenue for the governments of several countries, to carry out different functions for the development of a nation. The collected amount is also used to fund public assistance and public service programs.

The total tax rate as percentage of commercial profits is the percentage at which an organization or business is taxed. It is the total amount that a business must pay from their commercial profit, after other exemptions and deductions. This is excluding taxes that are withheld or collected and remitted to tax authorities and varies from country to country.
While in some nations the total tax rate as percentage of commercial profits may be huge, in others it may be minimal.

According to a 2017 data published by the World Bank, Comoros has the highest total tax rate being whopping 216.5 percent. Coming at the second spot is the South American nation of Argentina with a total tax rate of 106 percent. In both Bolivia and Eritrea, the total tax rate stood at 83.7 percent.

Meanwhile nations standing at the bottom of the table with the lowest total tax rates as percentage of commercial profit were United Arab Emirates, Saudi Arabia, Qatar, Georgia, Kuwait, etc. Here the total tax rate was less than 20 percent.

The table below provides information on the total tax rate as percentage of commercial profits in each nation.

Country Name Total Tax Rate (% of commercial profits)
Comoros 216.5
Argentina 106
Bolivia 83.7
Eritrea 83.7
Equatorial Guinea 79.4
Palau 75.5
Central African Republic 73.3
Afghanistan 71.4
Mauritania 71.3
Colombia 69.7
Brazil 68.4
China 67.3
Algeria 65.6
Tajikistan 65.2
Venezuela 65
Marshall Islands 64.8
Tunisia 64.1
Chad 63.5
Puerto Rico 63.4
France 62.2
Guinea 61.4
Micronesia 60.5
Nicaragua 60.2
Costa Rica 58.3
Cameroon 57.7
Benin 57.4
Belgium 57.1
India 55.3
Sri Lanka 55.2
Democratic Republic of Congo 54.6
Republic of Congo 54.3
Belarus 52.9
Mexico 52.1
Austria 51.8
Greece 51.7
Slovakia 51.6
Gambia 51.3
Cote d’Ivoire 50.1
Czech Republic 50
Morocco 49.8
St. Kitts and Nevis 49.7
Angola 49.1
Sweden 49.1
Germany 48.9
Dominican Republic 48.8
Estonia 48.7
Togo 48.5
Grenada 48.4
Mali 48.3
Italy 48
Australia 47.5
Russia 47.5
Japan 47.4
Niger 47.3
Spain 46.9
Gabon 46.8
Hungary 46.5
Guinea-Bissau 45.5
Liberia 45.5
Sudan 45.4
Egypt 45.3
Senegal 45.1
Iran 44.7
Honduras 44.4
Tanzania 44.1
Malta 43.9
United States 43.8
Philippines 42.9
Haiti 42.8
Lithuania 42.7
Syrian Arab Republic 42.7
Antigua and Barbuda 41.9
Uruguay 41.8
Burundi 41.5
Burkina Faso 41.3
Turkey 41.1
Netherlands 40.7
Moldova 40.5
Poland 40.5
Azerbaijan 39.8
Portugal 39.8
Serbia 39.7
Papua New Guinea 39.3
St. Vincent and the Grenadines 39.3
Malaysia 39.2
Ethiopia 38.6
Finland 38.4
Romania 38.4
Uzbekistan 38.3
Madagascar 38.1
Vietnam 38.1
Ukraine 37.8
Djibouti 37.7
Norway 37.5
Kenya 37.4
Albania 37.3
Panama 37.2
Sao Tome and Principe 37
Cabo Verde 36.6
Trinidad and Tobago 36.2
Mozambique 36.1
Latvia 35.9
Peru 35.6
El Salvador 35.5
San Marino 35.4
Barbados 35.3
Bhutan 35.3
Dominica 35.2
Guatemala 35.2
Swaziland 35.2
Paraguay 35
Nigeria 34.8
St. Lucia 34.7
Malawi 34.5
New Zealand 34.5
Pakistan 33.8
Uganda 33.7
Bangladesh 33.4
Ghana 33.2
Rwanda 33.2
Jamaica 33.1
South Korea 33.1
Chile 33
Fiji 33
Kiribati 32.7
Libya 32.6
Ecuador 32.5
Guyana 32.3
Solomon Islands 32
Zimbabwe 31.6
Bahamas 31.5
South Sudan 31.4
Myanmar 31.2
Belize 31.1
Sierra Leone 31
Slovenia 31
Iraq 30.8
United Kingdom 30.7
Lebanon 30.3
Maldives 30.2
Seychelles 30.1
Indonesia 30
Iceland 29.7
Nepal 29.6
Kazakhstan 29.2
Kyrgyz Republic 29
South Africa 28.9
Switzerland 28.8
Thailand 28.7
Jordan 28.1
Suriname 27.9
Tonga 27.5
Bulgaria 27.1
Israel 27
Yemen 26.6
Laos 26.2
Ireland 26
Botswana 25.1
Mongolia 24.7
Denmark 24.2
Oman 23.9
Bosnia and Herzegovina 23.7
Hong Kong SAR 22.9
Cyprus 22.7
Montenegro 22.1
Mauritius 21.9
Cambodia 21.7
Canada 20.9
Namibia 20.7
Croatia 20.6
Luxembourg 20.5
Singapore 20.3
Samoa 19.3
Armenia 18.5
Georgia 16.4
United Arab Emirates 15.9
Saudi Arabia 15.7
Zambia 15.6
West Bank and Gaza 15.3
Kosovo 15.2
Bahrain 13.8
Lesotho 13.6
Kuwait 13
Macedonia 13
Qatar 11.3
Timor-Leste 11.2
Vanuatu 8.5
Brunei 8

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