8 Countries with the Lowest Corporate Tax Rates in the World

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Adi Ahdiat 14/10/2024 16:21 WIB

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According to PwC data, several countries impose corporate tax rates below 10%, or even offer tax exemptions under certain conditions.

8 Countries with the Lowest Corporate Tax Rates in the World (September 2024)

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8 Countries with the Lowest Corporate Tax Rates in the World

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8 Countries with the Lowest Corporate Tax Rates in the World (September 2024)

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According to data compiled by PricewaterhouseCoopers (PwC) up to September 2024, several countries impose corporate income tax rates below 10%, or even offer tax exemptions under certain conditions.

The lowest corporate income tax rate is in Bahrain, at 0%. However, oil companies are subject to a 46% tax rate, the highest globally.

Nigeria also has a 0% corporate tax policy, but only for small-scale companies. Medium-scale companies are taxed at 20%, and large-scale companies at 30%.

Other countries with low corporate tax rates include Mauritius, Guatemala, Turkmenistan, Barbados, Hungary, and the United Arab Emirates, as shown in the graph.

However, tax regulations vary. In Mauritius, a 3% tax rate is specifically applied to exporting companies. Non-exporting companies are taxed at 15%.

In Guatemala, a 7% tax rate is applied optionally, calculated based on the company's gross profit.

In Turkmenistan, the 8% tax rate applies only to companies owned by local citizens. Foreign companies operating there are taxed at 20%.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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8 Countries with the Lowest Corporate Tax Rates in the World

8 Countries with the Lowest Corporate Tax Rates in the World

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