Income Tax Rate in Other Countires

 

Tax rates in other countries are different from India. Let's look at the table below for Comparison of the Corporate tax rates across major countries:-

S.no		Name of the Country	Rate of Tax
1		Hong Kong	16.5
2		Singapore	17
3		Thailand	20
4		Vietnam	20
5		Malaysia	24
6		Indonesia	25
7		China	25
8		South Korea	27.5*
9		Japan	29.7*
10		United Kingdom	19
11		Russia	20
12		Switzerland	21.1*
13		Spain	25
14		Netherlands	25
15		Italy	27.8*
16		France	34.4
17		USA	25.8*
18		Canada	26.8*
19		South Africa	28
20	New Zealand		28
21	Australia		30
22	Mexico		30
23	Argentina		30
24	Brazil		34

  

Note:- 

• *Tax rates in these countries includes Corporate tax rates levied by State Governments.
• Tax Rates are given for 2018.

 [Source:- OECD Corporate Tax Statistics 2018;PRS]

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