Global Corporate Income Tax Guide
Navigate global corporate income tax rates effortlessly with TKEG Expat ™’s detailed guide. Our resource provides the latest tax rate information, filing requirements, and compliance regulations across various countries, empowering businesses to optimize their international tax strategies. Stay informed and ensure compliance with up-to-date data for corporate income taxes worldwide. Trust TKEG Expat ™ to support your global business endeavors.
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Learn MoreUnited Arab Emirates Tax Brief
AEUnited Arab EmiratesCorporate Income TaxUnited Arab Emirates Tax Brief
The United Arab Emirates has a standard corporate income tax rate of 9%. There is no need to estimate or prepay taxes, and all taxable persons must pay corporate tax within nine months after the end o…- General CIT Rate
- The standard corporate income tax rate in the UAE is set at 9% on taxable income above AED 375,000.<br><br>The corporate income tax rate is set at 0% for taxable income not exceeding 375,000 UAE dirham (AED) or qualifying income of a Qualifying Free Zone Person (QFZP).*
- CIT Return Due Date
- According to the UAE CT law, all taxable persons must submit the company tax return within nine months after the end of the relevant tax period.
- CIT Payment Due Date
- According to the UAE CT law, all taxable persons must pay corporate tax within nine months after the end of the relevant tax period.
- Estimated Payment Due Date
- According to the UAE CT law, there is no need to estimate/prepay taxes.
- Resident WHT (Dividend/Interest/Royalty)
- 0%
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0%
- General Capital Gain Tax Rate
- Individuals: Generally, there is no personal capital gains tax, as the UAE does not levy personal income tax.<br><br>Companies: Capital gains are generally treated under corporate tax rules and typically fall within the scope of corporate tax, unless special rules such as the participation exemption or QFZP (Qualifying Free Zone Person) apply.
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MoreArgentina Tax Brief
ARArgentinaCorporate Income TaxArgentina Tax Brief
Argentina's corporate tax framework includes a general corporate income tax (CIT) rate of 25%- 35%, with returns due by the second week of the fifth month after the fiscal year ends, and installment p…- General CIT Rate
- 0 - ARS 133,514,185.74：25%<br><br>ARS 133,514,185.75 - ARS 1,335,141,857.38：30%<br><br>above ARS 1,335,141,857.39：35%
- CIT Return Due Date
- The second week of the fifth month after the end of the fiscal year.
- CIT Payment Due Date
- Second week of fifth month after the fiscal year ends.
- Estimated Payment Due Date
- "Monthly installment payments."
- Resident WHT (Dividend/Interest/Royalty)
- 0 / 7 / 6 / 6
- Non-Resident WHT (Dividend/Interest/Royalty)
- 7 / 0 / 15<br>05 / 35 / 21 / 28
- General Capital Gain Tax Rate
- Subject to the standard corporate income tax rate (25%–35%).
- Composite Effective Average Tax Rate
- 28%
- Composite Effective Marginal Tax Rate
- 21%
Learn MoreAustria Tax Brief
ATAustriaCorporate Income TaxAustria Tax Brief
Austria has a general corporate income tax rate of 23%, which will increase to 25% by 2022 and then decrease to 24% by 2023. Capital gains are subject to the same tax rate as regular corporate income.…- General CIT Rate
- 23 (by 2022, this ratio will be 25%, by 2023, it will be 24%)
- CIT Return Due Date
- Usually: June 30 of the next year; if submitted by a registered tax advisor: March 31 of the second year.
- CIT Payment Due Date
- The final settlement should take place after the annual assessment (payment should be due one month after the assessment).
- Estimated Payment Due Date
- Installment payments by quarter.
- Resident WHT (Dividend/Interest/Royalty)
- 0 or 23/ 0 or 23/ 0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 23/0/20
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate constraints.
- Composite Effective Average Tax Rate
- 22.91%
- Composite Effective Marginal Tax Rate
- 21.96%
Learn MoreAustralia Tax Brief
AUAustraliaCorporate Income TaxAustralia Tax Brief
Australia's tax system includes several key elements:
[ml][ol]- Corporate Income Tax (CIT): The standard CIT rate is 30%, with a reduced rate of 25% for small to medium businesse…
- General CIT Rate
- 30%, with a reduced rate of 25% for small to medium businesses
- CIT Return Due Date
- 15th day of the seventh month following the end of the income year
- CIT Payment Due Date
- First day of the sixth month following the end of the income year.
- Estimated Payment Due Date
- Monthly or quarterly.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 30/10/30
- General Capital Gain Tax Rate
- Capital gains are subject to the normal CIT rate (30%)
- Composite Effective Average Tax Rate
- 28.50%
- Composite Effective Marginal Tax Rate
- 28.56%
Learn MoreBelgium Tax Brief
BEBelgiumCorporate Income TaxBelgium Tax Brief
Belgium has a general corporate income tax rate of 25%. Capital gains are subject to the same rate, with some exceptions for certain stock sales. The tax return form must be submitted by the last day …- General CIT Rate
- 25
- CIT Return Due Date
- The tax return form must be submitted no later than the last day of February of the tax year's fiscal year, from December 31 of the previous year to September 30 of the tax year. In other cases, the deadline for submitting the tax return form is the last day of the seventh month after the end of the fiscal year. If there are serious reasons or force majeure, the deadline can be extended.
- CIT Payment Due Date
- Under normal circumstances, within two months of issuing the assessment notice.
- Estimated Payment Due Date
- (Optional) Quarterly installment payments.
- Resident WHT (Dividend/Interest/Royalty)
- 30/30/30
- Non-Resident WHT (Dividend/Interest/Royalty)
- 30/30/30
- General Capital Gain Tax Rate
- Capital gains are subject to the normal CIT rate (except capital gains on shares under certain conditions)：25%.
- Composite Effective Average Tax Rate
- 25%
- Composite Effective Marginal Tax Rate
- 18%-19%
Learn MoreBulgaria Tax Brief
BGBulgariaCorporate Income TaxBulgaria Tax Brief
Bulgaria has a low general corporate income tax rate of 10%, making it an attractive jurisdiction for businesses. However, capital gains are subject to the same rate, which may be a disadvantage for c…- General CIT Rate
- 10
- CIT Return Due Date
- March 1st to June 30th of the following year
- CIT Payment Due Date
- June 30th of the following year
- Estimated Payment Due Date
- Monthly or quarterly installment payments.
- Resident WHT (Dividend/Interest/Royalty)
- 0 / 10 / 10
- Non-Resident WHT (Dividend/Interest/Royalty)
- 5/10/10
- General Capital Gain Tax Rate
- Capital gains are generally subject to tax at the standard corporate income tax rate (10%); however, capital gains from listed securities traded on regulated markets in the EU/EEA and on equivalent qualifying markets are generally exempt.
- Composite Effective Average Tax Rate
- 9.2%
- Composite Effective Marginal Tax Rate
- 10%
Learn MoreBermuda Tax Brief
BMBermudaCorporate Income TaxBermuda Tax Brief
Bermuda’s tax system is renowned for its “zero direct tax” framework, with a standard corporate income tax rate of 0%, and no personal income tax, capital gains tax, inheritance tax, or value-added ta…- General CIT Rate
- 15% (if subject to Bermuda CIT) or 0%.
- CIT Return Due Date
- If subject to Bermuda CIT, tax returns are proposed to be due by the 15th day of the 10th month following the fiscal year-end.
- CIT Payment Due Date
- Upon filing the CIT return (if applicable), a 'true-up' payment considering previous estimated payments must be made no later than the due date of the return, regardless of when the return is filed.
- Estimated Payment Due Date
- Taxes are paid in instalments.<br><br>The first instalment is proposed to be due by the 15th day of the 8th month after the beginning of the fiscal year, amounting to 50% of the expected tax liability for the year.<br><br>The second instalment is due by the 15th day of the 12th month after the beginning of the fiscal year, bringing the total instalments to 90% of the expected tax liability for the year.
- Resident WHT (Dividend/Interest/Royalty)
- 0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0
- General Capital Gain Tax Rate
- There is no VAT or sales tax in Bermuda.
- Composite Effective Average Tax Rate
- 0
- Composite Effective Marginal Tax Rate
- 0
Learn MoreBolivia Tax Brief
BOBoliviaCorporate Income TaxBolivia Tax Brief
Bolivia's economy is heavily reliant on natural resources, including lithium, natural gas, and minerals. The general corporate income tax (CIT) rate is 25%. Personal employment income is generally sub…- General CIT Rate
- 25%（except for mining, financial institutions, and insurance/reinsurance companies, which have an additional income tax rate)
- CIT Return Due Date
- 120 days after the fiscal year-end.
- CIT Payment Due Date
- 120 days after the fiscal year-end.
- Estimated Payment Due Date
- NA
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 12.5/12.5/12.5
- General Capital Gain Tax Rate
- Capital gains are subject to the normal CIT rate：25%.
- Composite Effective Average Tax Rate
- 27%
- Composite Effective Marginal Tax Rate
- 25%–26%
Learn MoreBrazil Tax Brief
BRBrazilCorporate Income TaxBrazil Tax Brief
The general corporate tax burden in Brazil is typically 34%, consisting of 25% Corporate Income Tax (IRPJ) and 9% Social Contribution on Net Profit (CSLL); certain financial institutions are subject t…- General CIT Rate
- 34 (composed of 25% IRPJ and 9% CSLL).
- CIT Return Due Date
- The last working day of July.
- CIT Payment Due Date
- Usually, on the last working day of March of the following year (when calculating IRPJ and CSLL annually), taxpayers can pay taxes within a quota from the last working day of the next month to the end of the quarter, or they can pay taxes in three installments, with the first installment from the next month to the end of the quarter when IRPJ and CSLL are calculated quarterly.
- Estimated Payment Due Date
- Normally monthly instalments, but there is an option of quarterly instalment.
- Resident WHT (Dividend/Interest/Royalty)
- 0 / 15 - 22.5 / N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 10 / 15 / 15
- General Capital Gain Tax Rate
- Residents: 34 legal entities (considered as a part of normal income, subject to normal CIT tax rate); non-residents: 15 to 22.5 (WHT); non-residents from tax haven countries: 25 (WHT).
- Composite Effective Average Tax Rate
- 32%
- Composite Effective Marginal Tax Rate
- 15%
Learn MoreBelize Tax Brief
BZBelizeCorporate Income TaxBelize Tax Brief
Belize's tax system is attractive to certain international businesses, but its corporate tax framework is not based on a single low rate. The oil industry is generally subject to a 25% income tax; mos…- General CIT Rate
- Companies in the oil industry: Subject to 25% income tax.<br>Most other businesses: Primarily subject to Business Tax levied on gross revenue / gross income, with common rates such as:<br><br>Other trading or businesses: 1.75%<br>Real estate income (rent, royalties, premiums, etc.): 3%<br>Professional / occupational income: 6%<br>Income from commissions, royalties, dividends, etc.: 15%<br>Financial institutions: 15%
- CIT Return Due Date
- Annual tax returns must be filed by March 31 of the subsequent tax year.
- CIT Payment Due Date
- Monthly business tax payments must be filed by the 15th day of each month, covering receipts for the previous month.
- Estimated Payment Due Date
- Estimated tax payments follow the same monthly schedule as business tax payments.
- Resident WHT (Dividend/Interest/Royalty)
- 15/NA/NA
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/15/0
- General Capital Gain Tax Rate
- N/A
- Composite Effective Average Tax Rate
- 25%
- Composite Effective Marginal Tax Rate
- 25%
Learn MoreCanada Tax Brief
CACanadaCorporate Income TaxCanada Tax Brief
Canada has a federal corporate income tax rate of 15%, with provincial and regional rates ranging from 8% to 16%. Half of capital gains are considered taxable income and taxed at the regular rate. Tax…- General CIT Rate
- Federal corporate income tax: 15%. Provincial and territorial CITs range from 8% to 16%.
- CIT Return Due Date
- After six months from the end of the company's fiscal year.
- CIT Payment Due Date
- Typically, two months after the end of the company's tax year.
- Estimated Payment Due Date
- Tax installment payments are usually due on the last day of each month.
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 25/25/25
- General Capital Gain Tax Rate
- Half of the capital gains are considered as taxable capital gains, recorded as company income and taxed at the regular tax rate.
- Composite Effective Average Tax Rate
- 23.74
- Composite Effective Marginal Tax Rate
- 13.74
Learn MoreSwitzerland Tax Brief
CHSwitzerlandCorporate Income TaxSwitzerland Tax Brief
Capital gains of Swiss companies are generally integrated into the corporate income tax system, with the actual effective tax rate depending on the company's location and typically ranging from approx…- General CIT Rate
- Federal corporate income tax: after-tax profit of 8.5% (pre-tax profit of 7.83%). State and local CIT is added to federal CIT, resulting in an overall effective tax rate between 11.9% and 21.0%, depending on the company's domicile in Switzerland.
- CIT Return Due Date
- The due date varies from canton to canton (usually between six and nine months after the close of the business year).
- CIT Payment Due Date
- The due date varies from canton to canton.
- Estimated Payment Due Date
- Federal CIT is usually due by 31 March of the following tax period. At the cantonal level, the due dates vary from canton to canton.
- Resident WHT (Dividend/Interest/Royalty)
- 0%-35% / 0%-35% / 0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0%-35% / 0%-35% / 0
- General Capital Gain Tax Rate
- The effective tax rate (ETR) depends on the company’s location of corporate residency in Switzerland. The ETR of a company resident at the capital cities of the Swiss cantons varies between 11.9% and 20.5%. Exceptions to be considered relate to the participation relief and capital gains on real estate.
- Composite Effective Average Tax Rate
- 17.1%
- Composite Effective Marginal Tax Rate
- 10.4%
Learn MoreChile Tax Brief
CLChileCorporate Income TaxChile Tax Brief
Chile's corporate tax has a 4-tier structure: the SME (ProPYME) regime (Law 21,755/2025) pays 12.5% for FY2025–2027 and 15% from FY2028; the attribution regime pays 25%; and the partially integrated s…- General CIT Rate
- 12.5/15/25/27 (regime-dependent)
- CIT Return Due Date
- April 30
- CIT Payment Due Date
- April 30
- Estimated Payment Due Date
- Last day of each month.
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 35/4/30
- General Capital Gain Tax Rate
- Capital gains are constrained by normal CIT interest rates.
- Composite Effective Average Tax Rate
- 23.44%
- Composite Effective Marginal Tax Rate
- 4.51%
Learn MoreChinese Mainland Tax Brief
CNChinese MainlandCorporate Income TaxChinese Mainland Tax Brief
The Chinese Mainland has a general corporate income tax rate of 25%, with capital gains being subject to the same rate. Quarterly or monthly installment payments for estimated taxes must be made withi…- General CIT Rate
- 25%
- CIT Return Due Date
- For annual CIT declaration, it should be submitted within five months after the end of the tax year. For monthly or quarterly temporary CIT declaration, it should be submitted within 15 days after the end of each month/quarter.
- CIT Payment Due Date
- Within five months after the end of the tax year.
- Estimated Payment Due Date
- Quarterly or monthly installment payments should be made within 15 days after the end of each month/quarter.
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 10/10/10
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 23.00
- Composite Effective Marginal Tax Rate
- 15.59
Learn MoreColombia Tax Brief
COColombiaCorporate Income TaxColombia Tax Brief
Colombia's general CIT rate is 35%. Sector-specific surcharges may apply: 5% additional for financial institutions (until 2027), 3% for hydro-electric power (2023–2026), and 5–15% for oil and coal ext…- General CIT Rate
- 35 (surcharges may apply)
- CIT Return Due Date
- Between April and May, depending on the tax ID of each taxpayer.
- CIT Payment Due Date
- According to the type of taxpayer, the CIT payment may be due in April to May with the CIT declaration form, or it may be due in July as the third installment.
- Estimated Payment Due Date
- Big taxpayers: 3 installments. Other taxpayers: 2 installments.
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 20/20/20
- General Capital Gain Tax Rate
- 15
- Composite Effective Average Tax Rate
- 32.93%
- Composite Effective Marginal Tax Rate
- 32.59%
Learn MoreCosta Rica Tax Brief
CRCosta RicaCorporate Income TaxCosta Rica Tax Brief
Costa Rica is a Central American country known for its rich biodiversity, stable political environment, and commitment to sustainability. It has a growing economy primarily driven by tourism, agricult…- General CIT Rate
- 30%
- CIT Return Due Date
- CIT return is generally due by 15 March
- CIT Payment Due Date
- Final payment should also be made by 15 March
- Estimated Payment Due Date
- Estimated CIT payments must be made quarterly, with 75% of the amount split equally among June, September, and December.
- Resident WHT (Dividend/Interest/Royalty)
- 15/15/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/15/25
- General Capital Gain Tax Rate
- 15% (2.25% under certain conditions)
- Composite Effective Average Tax Rate
- 28.24%
- Composite Effective Marginal Tax Rate
- 26.12%
Learn MoreCyprus Tax Brief
CYCyprusCorporate Income TaxCyprus Tax Brief
Cyprus has a capital gains tax rate of 20%, which is lower than many other countries. Estimated payments for corporate income tax are due in equal installments on July 31 and December 31, with the fin…- General CIT Rate
- 12.5
- CIT Return Due Date
- Tax due on March 31 of the second year after the calendar year.
- CIT Payment Due Date
- The relevant tax is due on August 1 of the year following the calendar year.
- Estimated Payment Due Date
- Payment in installments of equal amounts on July 31 and December 31 of the relevant tax/calendar year.
- Resident WHT (Dividend/Interest/Royalty)
- 0/17/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/0/10
- General Capital Gain Tax Rate
- 20
- Composite Effective Average Tax Rate
- 11.4%
- Composite Effective Marginal Tax Rate
- 5.92%
Learn MoreCzechia Tax Brief
CZCzechiaCorporate Income TaxCzechia Tax Brief
Czechia has a corporate income tax rate of 21% for the tax year starting in 2024 (previously 19%). Capital gains are subject to the same rate as regular corporate income tax. Prepaid taxes are paid ev…- General CIT Rate
- The tax year starting in 2024 is 21 (previously 19).
- CIT Return Due Date
- Within three months after the end of the tax filing period (or four months if submitted electronically), or six months for entities that have been audited or for entities whose tax returns are submitted by registered advisors.
- CIT Payment Due Date
- Within three months after the end of the tax filing period (or four months if submitted electronically), or six months for entities that have been audited or for entities whose tax returns are submitted by registered advisors.
- Estimated Payment Due Date
- Prepaid taxes are paid every half year or quarter.
- Resident WHT (Dividend/Interest/Royalty)
- 15/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/15/15
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate constraints.
- Composite Effective Average Tax Rate
- 18.34%
- Composite Effective Marginal Tax Rate
- 18.07%
Learn MoreGermany Tax Brief
DEGermanyCorporate Income TaxGermany Tax Brief
Germany taxes corporate residents on worldwide income. Corporate profits are generally subject to a 15% corporation tax plus a 5.5% solidarity surcharge on that tax, resulting in a combined rate of 15…- General CIT Rate
- Corporate income tax is 15%, plus a 5.5% solidarity surcharge on the corporate income tax, resulting in a combined rate of 15.825%. Trade tax applies separately and generally ranges from 8.75% to 20.3% depending on the municipality. According to legislative changes adopted in 2025, the corporation tax rate is planned to decrease to 14% in 2028, 13% in 2029, 12% in 2030, 11% in 2031, and 10% from 2032 onward, with the solidarity surcharge continuing to apply.
- CIT Return Due Date
- July 31st (or extended to the end of February of the following year if the taxpayer instructs a professional tax advisor).
- CIT Payment Due Date
- As stated in the assessment notice.
- Estimated Payment Due Date
- Quarterly installment payments are due on the 10th day of March, June, September, and December.
- Resident WHT (Dividend/Interest/Royalty)
- 25/25/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 25/0/15
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate tax rate.
- Composite Effective Average Tax Rate
- 26.59
- Composite Effective Marginal Tax Rate
- 11.00
Learn MoreDenmark Tax Brief
DKDenmarkCorporate Income TaxDenmark Tax Brief
Denmark has a general corporate income tax rate of 22% and a value-added tax rate of 25%. Capital gains are subject to the same tax rate as regular corporate income. The estimated payment due date for…- General CIT Rate
- 22
- CIT Return Due Date
- In general, six months after the end of the fiscal year.
- CIT Payment Due Date
- Income for the next fiscal year was received on November 20th.
- Estimated Payment Due Date
- Two equal installments were made on March 20 and November 20. Additionally, extra taxes can be paid before February 1 of the following year of the income year.
- Resident WHT (Dividend/Interest/Royalty)
- 0/27/22
- Non-Resident WHT (Dividend/Interest/Royalty)
- 27/27/22
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 20.36%
- Composite Effective Marginal Tax Rate
- 14.22%
Learn MoreDominican Republic Tax Brief
DODominican RepublicCorporate Income TaxDominican Republic Tax Brief
The Dominican Republic’s tax system encompasses several key taxes, including corporate income tax (CIT), personal income tax (PIT), value-added tax (VAT), and selective consumption taxes. The CIT rate…- General CIT Rate
- 27%
- CIT Return Due Date
- 120 days after fiscal year-end
- CIT Payment Due Date
- 120 days after fiscal year-end
- Estimated Payment Due Date
- Monthly, on the 15th of each month
- Resident WHT (Dividend/Interest/Royalty)
- 10/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 10/10/27
- General Capital Gain Tax Rate
- Capital gains are subject to the standard 27% CIT rate
- Composite Effective Average Tax Rate
- 25.60%
- Composite Effective Marginal Tax Rate
- 24.15%
Learn MoreEcuador Tax Brief
ECEcuadorCorporate Income TaxEcuador Tax Brief
Ecuador's tax system includes several important taxes that impact both businesses and individuals. Corporate Income Tax (CIT) rates range from 22% to 28%, depending on a company’s shareholder structur…- General CIT Rate
- Corporate Income Tax (CIT) rates vary depending on the company’s shareholder structure and disclosure compliance, with rates of 22%, 25%, or 28%.
- CIT Return Due Date
- Between April 9 and April 28 each year.
- CIT Payment Due Date
- Between April 9 and April 28 each year.
- Estimated Payment Due Date
- NA
- Resident WHT (Dividend/Interest/Royalty)
- 0/2/10
- Non-Resident WHT (Dividend/Interest/Royalty)
- 10/25/25
- General Capital Gain Tax Rate
- Gains from the transfer of equity rights, such as shares, are taxed at a rate of 10%.
- Composite Effective Average Tax Rate
- 23.34%
- Composite Effective Marginal Tax Rate
- 18.60%
Learn MoreEstonia Tax Brief
EEEstoniaCorporate Income TaxEstonia Tax Brief
Estonia has a highly competitive tax system, recognized for its simplicity and efficiency. Corporate income tax is 0% on retained earnings and 22% on distributed profits (22/78 on net amount). The sta…- General CIT Rate
- Estonia does not tax retained earnings. Distributed profits are taxed at a rate of 20%. A reduced rate of 14% applies to regularly distributed dividends. From 2025, the general rate for distributed profits will increase to 22%.
- CIT Return Due Date
- Corporate income tax is assessed and declared monthly.
- CIT Payment Due Date
- CIT on distributed profits is payable upon distribution.
- Estimated Payment Due Date
- Not applicable as tax is only due on distribution.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/0/10
- General Capital Gain Tax Rate
- Estonia does not have a separate capital gains tax; gains are taxed as regular income at the corporate rate when distributed.
- Composite Effective Average Tax Rate
- 17.0%
- Composite Effective Marginal Tax Rate
- 0.0%
Learn MoreEgypt Tax Brief
EGEgyptCorporate Income TaxEgypt Tax Brief
Egypt has a capital gain tax rate of 0, 10, or 22.5%, depending on the type of gain. Taxpayers have the option to use the prepayment method, where they can pay 60% of the previous year's declared tax …- General CIT Rate
- 22.5
- CIT Return Due Date
- Within four months after the end of the fiscal year.
- CIT Payment Due Date
- Within four months after the end of the fiscal year.
- Estimated Payment Due Date
- Egyptian taxpayers have the option to use the prepayment method. This means that they can pay 60% of the previous year's declared tax (or the estimated amount for the current year) to the Egyptian Tax Authority in three installments. If they choose to do so, they do not have to comply with the local income withholding tax rules (their income will not be subjected to local withholding tax).
- Resident WHT (Dividend/Interest/Royalty)
- 5-10/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 5-10/0/20
- General Capital Gain Tax Rate
- 0, 10 or 22.5
- Composite Effective Average Tax Rate
- 20.81%
- Composite Effective Marginal Tax Rate
- 14.44%
Learn MoreSpain Tax Brief
ESSpainCorporate Income TaxSpain Tax Brief
Spain applies a general corporate income tax rate of 25%, with a 15% rate for newly created companies (first two profitable periods) and qualifying start-ups (first four periods). Companies usually ma…- General CIT Rate
- 25
- CIT Return Due Date
- Within 25 calendar days after the end of the tax year.
- CIT Payment Due Date
- Within 25 calendar days after the end of the tax year.
- Estimated Payment Due Date
- You must pre-pay three annual tax payments within the first 20 calendar days of April, October, and December.
- Resident WHT (Dividend/Interest/Royalty)
- 19/19/（19/24）
- Non-Resident WHT (Dividend/Interest/Royalty)
- 19/19/（19/24）
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate constraint.
- Composite Effective Average Tax Rate
- 23.30
- Composite Effective Marginal Tax Rate
- 18.17
Learn MoreFinland Tax Brief
FIFinlandCorporate Income TaxFinland Tax Brief
Finland has a general corporate income tax rate of 20%, with capital gains being taxed at the same rate. Taxpayers can modify their prepayment of taxes until the tax assessment is completed, with the …- General CIT Rate
- 20
- CIT Return Due Date
- Four months from the end of the accounting period.
- CIT Payment Due Date
- Taxpayers can apply to modify the prepayment of tax until the tax assessment is completed (within ten months from the end of the fiscal year). The deadline for the final CIT payment is the third day of the second month after the completion of the tax assessment for the current year.
- Estimated Payment Due Date
- The company's prepayment of taxes is collected in two installments or 12 installments during the tax year. If the total amount to be paid does not exceed 2000 euros, the installments will be due in the third and ninth months of the accounting period. If the total amount to be paid exceeds 2000 euros, the installments will be due monthly (on the 23rd of each month). The tax authorities can collect or increase prepayment of taxes without application within two months after the end of the fiscal year. The tax authorities may reduce or cancel prepayment of taxes (with or without the taxpayer's application) until the tax assessment is completed.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 20/0/15
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 19.71%
- Composite Effective Marginal Tax Rate
- 22.6%
Learn MoreFrance Tax Brief
FRFranceCorporate Income TaxFrance Tax Brief
France’s standard corporate income tax rate is 25%. Qualifying small corporations may benefit from a 15% reduced rate on the first EUR 42,500 of taxable profits. Capital gains may be taxed under the g…- General CIT Rate
- Standard rate: 25%; qualifying small corporations may benefit from 15% on the first EUR 42,500 of taxable profits.
- CIT Return Due Date
- About the fiscal year ending on December 31st, until the end of May of the following year.
- CIT Payment Due Date
- About the fiscal year ending on December 31 and May 15 of the following year.
- Estimated Payment Due Date
- By way of installment payments in four installments (i.e., for the fiscal year ending on December 31, must be submitted and paid on March 15, June 15, September 15, and December 15).
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 25/0/25
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 23.66
- Composite Effective Marginal Tax Rate
- 15.38
Learn MoreUnited Kingdom Tax Brief
GBUnited KingdomCorporate Income TaxUnited Kingdom Tax Brief
The United Kingdom applies a main corporation tax rate of 25% for companies with profits above GBP 250,000 and a small profits rate of 19% for companies with profits up to GBP 50,000, with marginal re…- General CIT Rate
- 1. Companies with profits exceeding £250,000 are subject to a main rate of 25% (effective from 1 April 2023).<br>2. Companies with profits not exceeding £50,000 are subject to a small profits rate of 19% (effective from 1 April 2023).<br>3. A tapered tax rate applies to profits falling between £50,000 and £250,000.
- CIT Return Due Date
- Tax returns need to be submitted within one year after the end of the accounting period.
- CIT Payment Due Date
- According to the scale of the payment company, there may be differences. For more information, please refer to the UK company summary.
- Estimated Payment Due Date
- According to the scale of the payment company, there may be differences. For more information, please refer to the UK company summary.
- Resident WHT (Dividend/Interest/Royalty)
- 0/20/20
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/20/20
- General Capital Gain Tax Rate
- Capital gains are subject to the regular corporate tax rate.
- Composite Effective Average Tax Rate
- 22.55
- Composite Effective Marginal Tax Rate
- 11.51
Learn MoreGibraltar Tax Brief
GIGibraltarCorporate Income TaxGibraltar Tax Brief
Gibraltar has a general corporate income tax rate of 15% from 1 July 2024 (previously 12.5%), with a higher rate of 20% for utility and energy providers and corporations abusing a dominant position. C…- General CIT Rate
- 15% from 1 July 2024 (previously 12.5%). Utility and energy providers and corporations abusing a dominant position: 20%.
- CIT Return Due Date
- CIT returns are due nine months after the date of the company's financial year end.
- CIT Payment Due Date
- The final balance (being the actual tax liability less any payments made on account) is due by the date of filing the return (i.e. nine months after the date of the company's financial year end).
- Estimated Payment Due Date
- Companies are required to make payments on account of future liabilities by 28 February and 30 September in each calendar year.
- Resident WHT (Dividend/Interest/Royalty)
- 0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0
- General Capital Gain Tax Rate
- N/A
- Composite Effective Average Tax Rate
- N/A
- Composite Effective Marginal Tax Rate
- N/A
Learn MoreGreece Tax Brief
GRGreeceCorporate Income TaxGreece Tax Brief
Greece has a general CIT rate of 22%, with capital gains also subject to this rate unless exempted. CIT payments are due in equal installments over six months, with the final payment due in December. …- General CIT Rate
- 22
- CIT Return Due Date
- The last day of the sixth month after the end of the tax year.
- CIT Payment Due Date
- December (assuming fiscal year ends on December 31 of the previous year and taxes are paid in installments).
- Estimated Payment Due Date
- Six months of equal installment payments.
- Resident WHT (Dividend/Interest/Royalty)
- 5/15/20
- Non-Resident WHT (Dividend/Interest/Royalty)
- 5/15/20
- General Capital Gain Tax Rate
- Unless exempted, capital gains are subject to the regular CIT tax rate.
- Composite Effective Average Tax Rate
- 21.05%
- Composite Effective Marginal Tax Rate
- 20.07%
Learn MoreGuatemala Tax Brief
GTGuatemalaCorporate Income TaxGuatemala Tax Brief
Guatemala's tax system encompasses several key types of taxation, aimed at both individuals and corporations. The country imposes a Value-Added Tax (VAT) of 12% on most goods and services, with certai…- General CIT Rate
- System on earnings: 25% on net income;<br>Simplified optional system: 7% on gross income
- CIT Return Due Date
- March 31
- CIT Payment Due Date
- March 31
- Estimated Payment Due Date
- System on earnings: Quarterly instalments;<br>Simplified optional system: Monthly, within the first ten working days of the month.
- Resident WHT (Dividend/Interest/Royalty)
- 5/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 5/10/15
- General Capital Gain Tax Rate
- 10%
- Composite Effective Average Tax Rate
- 22.75%
- Composite Effective Marginal Tax Rate
- 13.33%
Learn MoreHong Kong SAR Tax Brief
HKHong Kong SARCorporate Income TaxHong Kong SAR Tax Brief
Hong Kong SAR applies a territorial tax system. There is no VAT, GST, or sales tax, and capital gains are generally not taxed. Profits tax follows a two-tier regime: corporations are taxed at 8.25% on…- General CIT Rate
- Corporations: 8.25% on the first HKD 2 million of assessable profits and 16.5% on the remainder; unincorporated businesses: 7.5% on the first HKD 2 million and 15% on the remainder.
- CIT Return Due Date
- The tax return forms are typically released on the first working day of April each year. The filing deadline is usually within one month from the day the forms are released. Certain companies (e.g., those with a fiscal year ending on December 31) may have an extended filing deadline, typically until August 15 of the year the forms are released, and in certain circumstances (e.g., electronic filing), extensions may be granted.
- CIT Payment Due Date
- For companies with a fiscal year ending on December 31st, the final tax payment for a specific tax year is typically due in November of the year when the tax return is filed.
- Estimated Payment Due Date
- For companies with a fiscal year ending on December 31st, interim taxes for a specific tax year will be paid in two installments, typically due in November of the current year and January of the following year.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/0/2.475-4.95
- General Capital Gain Tax Rate
- N/A
- Composite Effective Average Tax Rate
- 14.28
- Composite Effective Marginal Tax Rate
- 2.01
Learn MoreCroatia Tax Brief
HRCroatiaCorporate Income TaxCroatia Tax Brief
Croatia has a general corporate income tax rate of 18%, with a lower rate of 10% for companies with income less than 1,000,000.00 euros. Capital gains are subject to the same tax rate as regular corpo…- General CIT Rate
- 18 (10% of companies with income less than 1,000,000.00 euros)
- CIT Return Due Date
- Within the last four months of the year at the company.
- CIT Payment Due Date
- As of the last day of CIT application deadline.
- Estimated Payment Due Date
- Pay in monthly installments before the end of last month.
- Resident WHT (Dividend/Interest/Royalty)
- Non-Resident WHT (Dividend/Interest/Royalty)
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate constraints.
- Composite Effective Average Tax Rate
- 16.15%
- Composite Effective Marginal Tax Rate
- 6.93%
Learn MoreHungary Tax Brief
HUHungaryCorporate Income TaxHungary Tax Brief
Hungary has a general corporate income tax rate of 9%, with the option for participation in an exemption system. Estimated payments are due quarterly or monthly, while the final payment and tax return…- General CIT Rate
- 9
- CIT Return Due Date
- After the last day of the fiscal year, the last day of the fifth month (May 31st for calendar year taxpayers).
- CIT Payment Due Date
- After the last day of the fiscal year, the last day of the fifth month (May 31st for calendar year taxpayers).
- Estimated Payment Due Date
- Pay by quarter or by month.
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- N/A
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate (9%); however, participation in the exemption system may be applicable.
- Composite Effective Average Tax Rate
- 10.31%
- Composite Effective Marginal Tax Rate
- 6.62%
Learn MoreIreland Tax Brief
IEIrelandCorporate Income TaxIreland Tax Brief
Ireland has a capital gains tax rate of 33%. Small companies are required to make their first installment payment 31 days before the end of the tax accounting period, with the final installment due at…- General CIT Rate
- Trade company: 12.5%. Non-trade company: 25% (e.g. royalties received by passive holding companies).
- CIT Return Due Date
- Nine months after the end of the tax accounting period.
- CIT Payment Due Date
- Nine months after the end of the tax accounting period.
- Estimated Payment Due Date
- Small companies: The first installment should be due 31 days before the end of the tax accounting period, and the final installment should be due at the time of submitting the tax return; Large companies: The first installment should be due six months after the start of the tax accounting period, the second installment should be due 31 days before the end of the tax accounting period, and the final installment should be due at the time of submitting the CIT return for that period. * Not later than the 23rd of the month.
- Resident WHT (Dividend/Interest/Royalty)
- 25/20/20
- Non-Resident WHT (Dividend/Interest/Royalty)
- 25/20/20
- General Capital Gain Tax Rate
- 33%
- Composite Effective Average Tax Rate
- 12.36
- Composite Effective Marginal Tax Rate
- 13.21
Learn MoreIsrael Tax Brief
ILIsraelCorporate Income TaxIsrael Tax Brief
Israel has a general corporate income tax rate of 23%, which also applies to capital gains. Taxpayers must prepay taxes monthly before the 15th of each month. The remaining balance must be paid within…- General CIT Rate
- 23
- CIT Return Due Date
- Within five months after the end of the tax year.
- CIT Payment Due Date
- If the remaining balance is paid before the end of the first month after the end of the tax year, the taxpayer should be completely exempt from any interest and linkage differences.
- Estimated Payment Due Date
- Taxpayers must prepay their taxes on a monthly basis before the 15th of each month. According to a fixed percentage of the company's turnover, there are 12 months of prepayments, or based on the previous year's tax assessment, there are 10 months of payments starting from the second month of the company's tax year.
- Resident WHT (Dividend/Interest/Royalty)
- 25/25/25
- Non-Resident WHT (Dividend/Interest/Royalty)
- 25/0-25/25
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 21.47%
- Composite Effective Marginal Tax Rate
- 16.63%
Learn MoreIceland Tax Brief
ISIcelandCorporate Income TaxIceland Tax Brief
Iceland has a corporate income tax rate of 20% for LLCs and limited partnerships (37.6% for other entities), with a value-added tax rate of 24%. Capital gains for corporations are taxed at 20%, while …- General CIT Rate
- 20 (for LLCs and limited partnerships); 37.6 (for other entities)
- CIT Return Due Date
- 31 May
- CIT Payment Due Date
- November 1st and December 1st
- Estimated Payment Due Date
- Except for January and October, prepayments should be made on the first day of each month.
- Resident WHT (Dividend/Interest/Royalty)
- 22/22/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 21/13/22
- General Capital Gain Tax Rate
- 20 (for corporations, same as CIT rate for LLCs); 22 (for individuals)
- Composite Effective Average Tax Rate
- 18.79%
- Composite Effective Marginal Tax Rate
- 14.93%
Learn MoreItaly Tax Brief
ITItalyCorporate Income TaxItaly Tax Brief
Italy has a general corporate income tax rate of 24%, with an advance payment due date of 40% on the last day of the sixth month after the end of the tax year and 60% at the end of the eleventh month.…- General CIT Rate
- 24
- CIT Return Due Date
- By the end of the 9th month after the end of the tax year.
- CIT Payment Due Date
- The last day of the sixth month after the end of the tax year.
- Estimated Payment Due Date
- Advance payment: 1) Pay 40% on the last day of the sixth month after the end of the tax year, 2) Pay 60% at the end of the eleventh month after the end of the tax year.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 26/26/30
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate. For financial investments, as long as they meet the conditions stipulated by law, they can be eligible for a 95% exemption under the PEX system.
- Composite Effective Average Tax Rate
- 21.18%
- Composite Effective Marginal Tax Rate
- -22.74%
Learn MoreJapan Tax Brief
JPJapanCorporate Income TaxJapan Tax Brief
Japan has a general corporate income tax rate of 23.2%. Capital gains are subject to the same rate. Companies are required to make estimated tax payments within two months after the end of their sixth…- General CIT Rate
- 23.2
- CIT Return Due Date
- Within two months after the end of the company's fiscal year.
- CIT Payment Due Date
- Within two months after the end of the company's fiscal year.
- Estimated Payment Due Date
- Within two months after the end of the sixth month of the company's accounting period.
- Resident WHT (Dividend/Interest/Royalty)
- 20/20/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/20/20
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 28.36
- Composite Effective Marginal Tax Rate
- 29.26
Learn MoreSouth Korea Tax Brief
KRSouth KoreaCorporate Income TaxSouth Korea Tax Brief
Korea uses a progressive corporate income tax rate: 10% (up to 200M KRW), 20% (200M-20B), 22% (20B-300B), and 25% (over 300B KRW). The VAT rate is 10%. Interim returns are due within two months of the…- General CIT Rate
- Progressive: 10% (up to 200M KRW), 20% (200M-20B KRW), 22% (20B-300B KRW), 25% (over 300B KRW)
- CIT Return Due Date
- Mid-term tax returns: within two months from the end of the six-month period; annual tax returns: within three months from the end of the fiscal year.
- CIT Payment Due Date
- The submission of the declaration form (instalment payments are allowed in the case of elections).
- Estimated Payment Due Date
- N/A
- Resident WHT (Dividend/Interest/Royalty)
- Non-Resident WHT (Dividend/Interest/Royalty)
- General Capital Gain Tax Rate
- 25 (the same as the normal CIT rate for corporations over 300B KRW taxable income)
- Composite Effective Average Tax Rate
- 24.87%
- Composite Effective Marginal Tax Rate
- 22.0%
Learn MoreCayman Islands Tax Brief
KYCayman IslandsCorporate Income TaxCayman Islands Tax Brief
The Cayman Islands is a tax-friendly jurisdiction with no capital gains tax and no tax reporting requirements. There is also no general corporate income tax rate or value-added tax rate. Additionally,…- General CIT Rate
- N/A
- CIT Return Due Date
- The Cayman Islands has no tax reporting requirements.
- CIT Payment Due Date
- N/A
- Estimated Payment Due Date
- N/A
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- N/A
- General Capital Gain Tax Rate
- N/A
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MoreKazakhstan Tax Brief
KZKazakhstanCorporate Income TaxKazakhstan Tax Brief
Kazakhstan has a universal income tax system, with a general corporate income tax rate of 20%. The value-added tax rate is 23%. Non-residents are subject to a 15% withholding tax on dividends, interes…- General CIT Rate
- 20
- CIT Return Due Date
- March 31
- CIT Payment Due Date
- April 10
- Estimated Payment Due Date
- 25th of each month
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15 / 15 / 15
- General Capital Gain Tax Rate
- Universal income tax rates apply
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MoreLiechtenstein Tax Brief
LILiechtensteinCorporate Income TaxLiechtenstein Tax Brief
Liechtenstein levies a flat Corporate Income Tax (CIT) rate of 12.5% on corporate profits. A mandatory annual corporate minimum tax of CHF 1,800 applies to all legal entities (fully creditable against…- General CIT Rate
- 12.5
- CIT Return Due Date
- July 1st (may be postponed)
- CIT Payment Due Date
- Within 30 days of receiving the evaluation.
- Estimated Payment Due Date
- Under normal circumstances, CIT expected payments will not be due. Exceptions: If the application date is extended beyond June 30th, temporary invoices will be provided based on the last assessment.
- Resident WHT (Dividend/Interest/Royalty)
- 0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0
- General Capital Gain Tax Rate
- The capital gains from the sale of stocks are tax-free. However, capital gains from the sale of real estate are subject to a separate assessed real estate profit tax of up to 24%.
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MoreLithuania Tax Brief
LTLithuaniaCorporate Income TaxLithuania Tax Brief
Lithuania's standard corporate income tax (CIT) rate is 17% (effective 1 January 2026). Small companies meeting conditions may qualify for 0% CIT for the first two years, then 7% thereafter. Credit in…- General CIT Rate
- 17
- CIT Return Due Date
- Before the 15th day of the sixth month in the next tax period.
- CIT Payment Due Date
- Before the 15th day of the sixth month in the next tax period.
- Estimated Payment Due Date
- Prepaid CIT must be paid before the 15th of the last month of the corresponding quarter.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 17/10/10
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 13.67%
- Composite Effective Marginal Tax Rate
- 7.25%
Learn MoreLuxembourg Tax Brief
LULuxembourgCorporate Income TaxLuxembourg Tax Brief
Luxembourg offers a favorable tax environment with a combined corporate income tax rate of 23.87% in Luxembourg City (from tax year 2025), comprising 16% CIT, 7% solidarity surtax, and 6.75% municipal…- General CIT Rate
- 23.87% (CIT, solidarity surtax, and municipal business tax [Luxembourg City, from tax year 2025])
- CIT Return Due Date
- December 31 of the following year.
- CIT Payment Due Date
- At the end of the month following the receipt of the tax assessment receipt.
- Estimated Payment Due Date
- Quarterly installment payment.
- Resident WHT (Dividend/Interest/Royalty)
- 15/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/0/0
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate constraint.
- Composite Effective Average Tax Rate
- 23.24%
- Composite Effective Marginal Tax Rate
- 18.09%
Learn MoreLatvia Tax Brief
LVLatviaCorporate Income TaxLatvia Tax Brief
Latvia has a general corporate income tax rate of 20%, which is only payable when profits are distributed. Capital gains are subject to the same rate as regular corporate income tax. There is no estim…- General CIT Rate
- 20 (only payable when distributing profits).
- CIT Return Due Date
- The tax deadline is one month. If taxpayers are allowed to pre-order proof documents quarterly, the tax period is one quarter. If there is a tax base, the tax return should be submitted on or before the 20th day of each month (quarter).
- CIT Payment Due Date
- If there is a tax base, the tax payable should be paid on or before the 23rd day of the next tax filing period each month.
- Estimated Payment Due Date
- No estimated CIT payment.
- Resident WHT (Dividend/Interest/Royalty)
- NA
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 17.00%
- Composite Effective Marginal Tax Rate
- 0.00%
Learn MoreMonaco Tax Brief
MCMonacoCorporate Income TaxMonaco Tax Brief
Monaco is a tax-friendly jurisdiction for individuals, as it does not have a general capital gains tax. However, companies are subject to a 25% corporate income tax, with exemptions for those with les…- General CIT Rate
- The corporate income tax rate in Monaco is 25% for companies that derive more than 25% of their revenue from operations outside of Monaco. Companies that do not meet this criterion are generally exempt from CIT.https://gsl.org/en/taxes/monaco/
- CIT Return Due Date
- Corporate tax returns in Monaco must be filed annually. The specific due dates can vary, but typically, tax returns are required to be submitted within 3 months following the end of the financial year
- CIT Payment Due Date
- The payment of corporate income tax in Monaco is generally due within 3 months of the end of the financial year, coinciding with the tax return filing deadline
- Estimated Payment Due Date
- Monaco requires companies to make estimated tax payments throughout the year. These payments are usually based on the previous year's tax liability and are typically made in four installments. The exact dates for these installments are determined by the tax authorities, but they commonly fall at the end of each quarter
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- N/A
- General Capital Gain Tax Rate
- Monaco does not levy a general capital gains tax on individuals. This means that residents do not pay taxes on capital gains from the sale of assets such as real estate or investments. However, companies subject to corporate income tax in Monaco will have their capital gains taxed as part of their overall corporate tax liability
- Composite Effective Average Tax Rate
- N/A
- Composite Effective Marginal Tax Rate
- N/A
Learn MoreMarshall Islands Tax Brief
MHMarshall IslandsCorporate Income TaxMarshall Islands Tax Brief
The Marshall Islands offers a favorable tax system for non-resident companies, as they are exempt from corporate income tax. This makes it an attractive jurisdiction for offshore business activities, …- General CIT Rate
- Within 10,000 US dollars, a corporate income tax of 80 US dollars is collected. Any excess amount is subject to a 3% tax. However, Non-resident companies not conducting business within the Marshall Islands are exempt from corporate income tax. This makes the jurisdiction attractive for offshore business activities as they do not have to pay taxes on income earned outside the Marshall Islands. https://internationalwealth.info/en/offshore-taxes/everything-you-need-to-know-about-the-tax-system-in-the-marshall-islands/
- CIT Return Due Date
- N/A for non resident companies
- CIT Payment Due Date
- N/A for non resident companies
- Estimated Payment Due Date
- N/A for non resident companies
- Resident WHT (Dividend/Interest/Royalty)
- 0%
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0%
- General Capital Gain Tax Rate
- 0%
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MoreMacau SAR Tax Brief
MOMacau SARCorporate Income TaxMacau SAR Tax Brief
Complementary tax (CIT) at 12% on profits exceeding MOP 300,000; first MOP 600,000 exempt (2025 tax year). Territorial taxation effective January 1, 2026. No VAT. No withholding tax. Special 5% rate f…- General CIT Rate
- 12
- CIT Return Due Date
- B group: March 31st; A group: June 30th.
- CIT Payment Due Date
- The final CIT payment will be due within approximately one month after the Macau Financial Services Bureau issues the final tax assessment.
- Estimated Payment Due Date
- Unless the amount does not exceed MOP 3,000, the tax should be paid in two equal installments in September and November. In this case, the tax payment will be requested in a lump sum in September.
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- N/A
- General Capital Gain Tax Rate
- Capital gains are generally subject to complementary tax at the standard rates (up to 12%). Under the territorial taxation system effective January 1, 2026, only Macau-sourced capital gains are taxed, except for MNE constituent entities that are tax residents, which remain taxable on worldwide income including property disposal gains.
- Composite Effective Average Tax Rate
- 11.15%
- Composite Effective Marginal Tax Rate
- 7.17%
Learn MoreMalta Tax Brief
MTMaltaCorporate Income TaxMalta Tax Brief
Malta offers a competitive corporate tax rate of 35% and a general VAT rate of 18%. Regarding capital gains tax, please refer to the Malta Corporation Tax Summary. Temporary taxes are typically due ev…- General CIT Rate
- 35
- CIT Return Due Date
- After nine months from the end of the accounting period, or by 31 March following the tax year (even though the Maltese tax authorities typically extend this deadline by one to two months for electronically submitted cases), whichever is later.
- CIT Payment Due Date
- The deadline for submitting tax returns (the electronic submission extension does not apply to tax filing) is also due.
- Estimated Payment Due Date
- In general, temporary taxes are paid every four months: April 30, August 31, and December 21. However, there are also some exceptions, and the due date for tax payment may be postponed.
- Resident WHT (Dividend/Interest/Royalty)
- 0/15/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- General Capital Gain Tax Rate
- Regarding the tax rate on capital gains, please refer to the Malta Corporation Tax Summary.
- Composite Effective Average Tax Rate
- 28.80%
- Composite Effective Marginal Tax Rate
- -9.75%
Learn MoreMexico Tax Brief
MXMexicoCorporate Income TaxMexico Tax Brief
Mexico has a general corporate income tax rate of 30% for residents and 25-35% for non-residents. Estimated payments for CIT are due on the 17th of each month, while the final payment and return are d…- General CIT Rate
- 30
- CIT Return Due Date
- 31 March
- CIT Payment Due Date
- 31 March
- Estimated Payment Due Date
- The estimated payment by CIT will be due on the 17th of each month.
- Resident WHT (Dividend/Interest/Royalty)
- 10/0.9/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 10/4.9-35/5-35
- General Capital Gain Tax Rate
- Mexican residents are taxed at 30% of their income. Non-residents are taxed at 25% of their total income or 35% of their net income.
- Composite Effective Average Tax Rate
- 27.63%
- Composite Effective Marginal Tax Rate
- 20.29%
Learn MoreMalaysia Tax Brief
MYMalaysiaCorporate Income TaxMalaysia Tax Brief
Malaysia's standard corporate income tax (CIT) rate is 24% for both resident and non-resident companies. Small resident companies with paid-up capital of MYR 2.5 million or less benefit from reduced r…- General CIT Rate
- 24
- CIT Return Due Date
- From the date when the account is closed, within seven months.
- CIT Payment Due Date
- The last day after seven months from the date of account closure.
- Estimated Payment Due Date
- Prepaid taxes are to be paid in 12 monthly installments.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/0 - 15/10
- General Capital Gain Tax Rate
- Generally, capital gains do not require taxation, except for the income generated from the disposal of real properties located in Malaysia, which is subject to RPGT (up to 30%).
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MoreNicaragua Tax Brief
NINicaraguaCorporate Income TaxNicaragua Tax Brief
Nicaragua's tax system includes several key taxes applicable to businesses and individuals. The Corporate Income Tax (CIT) is set at a rate of 30%, with tax returns and payments due within two months …- General CIT Rate
- headline rate of 30%
- CIT Return Due Date
- within two months following the fiscal year-end
- CIT Payment Due Date
- due within two months after the end of the fiscal year
- Estimated Payment Due Date
- Monthly advance payments of 1-3% of gross income
- Resident WHT (Dividend/Interest/Royalty)
- 15/15/15
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/15/15
- General Capital Gain Tax Rate
- 15%
- Composite Effective Average Tax Rate
- 26.85%
- Composite Effective Marginal Tax Rate
- 12.89%
Learn MoreNetherlands Tax Brief
NLNetherlandsCorporate Income TaxNetherlands Tax Brief
The Netherlands applies a 19% corporate income tax rate to taxable profits up to EUR 200,000 and 25.8% to the excess. Capital gains are generally taxed under the normal corporate income tax rules, alt…- General CIT Rate
- 25.8
- CIT Return Due Date
- Usually five months after the end of the company's fiscal year.
- CIT Payment Due Date
- Tax should be paid within six weeks from the date of assessment.
- Estimated Payment Due Date
- In principle, within six weeks, but taxpayers can choose to pay in monthly installments.
- Resident WHT (Dividend/Interest/Royalty)
- 15/0*/0*
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/0*/0*
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate (25.8%). Eligible participated capital gains are tax-exempt under the participation exemption.
- Composite Effective Average Tax Rate
- 24.47
- Composite Effective Marginal Tax Rate
- 22.83
Learn MoreNorway Tax Brief
NONorwayCorporate Income TaxNorway Tax Brief
Norway applies a general corporate income tax rate of 22%, with 25% for certain financial companies. Special tax regimes exist: petroleum (78% marginal rate), hydropower (67%), and onshore wind (47% f…- General CIT Rate
- 22 (25% of some companies in the financial sector).
- CIT Return Due Date
- At the end of May of the next fiscal year (according to the oil tax system, the end of April). Other requirements may apply to specific business sectors, such as hydroelectric power.
- CIT Payment Due Date
- Tax arrears must be paid within three weeks after the assessment is announced.
- Estimated Payment Due Date
- February 15 and April 15.
- Resident WHT (Dividend/Interest/Royalty)
- Non-Resident WHT (Dividend/Interest/Royalty)
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 21.41%
- Composite Effective Marginal Tax Rate
- 23.11%
Learn MoreNew Zealand Tax Brief
NZNew ZealandCorporate Income TaxNew Zealand Tax Brief
New Zealand has no comprehensive capital gains tax, but companies may be taxed on capital gains when distributing dividends to shareholders. Provisional tax is paid in three installments, with the fin…- General CIT Rate
- 28
- CIT Return Due Date
- July 7th (Settlement day from October 1st to March 31st). For balance days between April 1st and September 30th, the due date is the 7th day of the fourth month after the balance day. The application date for taxpayers associated with tax agents is extended to March 31st of the following year, regardless of the balance date.
- CIT Payment Due Date
- February 7th (balance settlement date from March 31st to September 30th). For other balance sheet dates, the year-end tax is usually due on the 7th day of the 11th month after the balance sheet date. The final tax filing deadline for taxpayers in contact with tax agents is extended by two months.
- Estimated Payment Due Date
- According to the standard method, provisional duty is generally paid in three installments: (i) on the 28th day of the seventh month before the balance day. (ii) on the 28th day of the third month before the settlement day. (iii) on the 28th day of the month after the settlement day.
- Resident WHT (Dividend/Interest/Royalty)
- 33/28/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 30/15/15
- General Capital Gain Tax Rate
- New Zealand does not have a comprehensive capital gains tax. However, with certain exceptions, capital gains earned by companies are typically taxed as dividends when distributed to shareholders.
- Composite Effective Average Tax Rate
- 26.97%
- Composite Effective Marginal Tax Rate
- 29.39%
Learn MorePanama Tax Brief
PAPanamaCorporate Income TaxPanama Tax Brief
Panama offers a low corporate income tax rate of 25%, with tax payments due within three months after the end of the accounting period. The tax return must be filed within three months after the end o…- General CIT Rate
- 25
- CIT Return Due Date
- Three months after the end of the fiscal year.
- CIT Payment Due Date
- Tax payments must be made within three months after the end of the respective accounting period.
- Estimated Payment Due Date
- 6 months, 9 months, and 12 months after the end of the tax year.
- Resident WHT (Dividend/Interest/Royalty)
- 5, 10 - 20/NA/NA
- Non-Resident WHT (Dividend/Interest/Royalty)
- 5, 10 - 20/12.5/12.5
- General Capital Gain Tax Rate
- Return on investment sees Panama Company tax summary.
- Composite Effective Average Tax Rate
- 23.33%
- Composite Effective Marginal Tax Rate
- 18.47%
Learn MorePeru Tax Brief
PEPeruCorporate Income TaxPeru Tax Brief
Peru has a general corporate income tax rate of 29.5%, with capital gains being subject to the same rate. Estimated payments are due in 12 monthly installments, with the first week of April being the …- General CIT Rate
- 29.5
- CIT Return Due Date
- The first week of April.
- CIT Payment Due Date
- The first week of April.
- Estimated Payment Due Date
- 12 monthly installments.
- Resident WHT (Dividend/Interest/Royalty)
- NA
- Non-Resident WHT (Dividend/Interest/Royalty)
- 5/4.99/30
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 29.17%
- Composite Effective Marginal Tax Rate
- 38.68%
Learn MorePhilippines Tax Brief
PHPhilippinesCorporate Income TaxPhilippines Tax Brief
With the Philippine government's friendly posture toward foreign investors, the Philippines is committed to creating conditions to attract foreign investment and open foreign investment policies and r…- General CIT Rate
- 25%
- CIT Return Due Date
- Quarterly return: Within 60 days from the close of each of the first three quarters. Annual return: On or before the 15th day of the fourth month following the close of the taxable year.
- CIT Payment Due Date
- On the 15th day of the fourth month following the close of the taxable year.
- Estimated Payment Due Date
- Quarterly instalments paid within 60 days after each quarter.
- Resident WHT (Dividend/Interest/Royalty)
- 25/20/25
- Non-Resident WHT (Dividend/Interest/Royalty)
- 25/20/25
- General Capital Gain Tax Rate
- If the net capital gain is within P100,000, the applicable tax rate is 5%, and the excess is 10%.
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MorePoland Tax Brief
PLPolandCorporate Income TaxPoland Tax Brief
Poland has a general corporate income tax rate of 19%, which also applies to capital gains. Monthly installments are due by the 20th of the following month, with the full payment due three months afte…- General CIT Rate
- 19
- CIT Return Due Date
- Three months after the end of the tax year.
- CIT Payment Due Date
- Three months after the end of the tax year.
- Estimated Payment Due Date
- Monthly installments are to be paid off by the 20th of the following month.
- Resident WHT (Dividend/Interest/Royalty)
- 0/19/20
- Non-Resident WHT (Dividend/Interest/Royalty)
- 19/20/20
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 15%
- Composite Effective Marginal Tax Rate
- -9.47%
Learn MorePuerto Rico Tax Brief
PRPuerto RicoCorporate Income TaxPuerto Rico Tax Brief
Puerto Rico has a capital gain tax rate of 20%. Ordinary companies must make equal installment payments on the 15th day of the fourth, sixth, ninth, and twelfth months of the tax year, while tax-exemp…- General CIT Rate
- 37.5 (i.e. 18.5% plus an additional tax of 19% on income over $275,000).
- CIT Return Due Date
- Regular companies - within the first 15 days of the fourth month after the end of their tax year. Tax-exempt businesses - within the first 15 days of the sixth month after the end of the tax year.
- CIT Payment Due Date
- Regular companies - within the first 15 days of the fourth month after the end of their tax year. Tax-exempt businesses - within the first 15 days of the sixth month after the end of the tax year.
- Estimated Payment Due Date
- Ordinary companies - equal installment payments on the 15th day of the fourth, sixth, ninth, and twelfth months of the company's tax year. Tax-exempt businesses - the first and second installments can be jointly paid on the 15th day of the sixth month of the company's tax year.
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 10/29/29
- General Capital Gain Tax Rate
- 20
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MorePortugal Tax Brief
PTPortugalCorporate Income TaxPortugal Tax Brief
Portugal has a general corporate income tax rate of 21%, with a value-added tax rate of 23%. Capital gains for corporations are taxed at 25%. Companies file returns by the last day of the fifth month …- General CIT Rate
- 21
- CIT Return Due Date
- The last day of the fifth month after the end of the tax year.
- CIT Payment Due Date
- The last day of the fifth month after the end of the tax year.
- Estimated Payment Due Date
- Three-stage installment payments due in July, September, and December (if the tax year corresponds to the calendar year). Under certain conditions, the final installment payment may be waived.
- Resident WHT (Dividend/Interest/Royalty)
- 25/25/25
- Non-Resident WHT (Dividend/Interest/Royalty)
- 25/0-25/25
- General Capital Gain Tax Rate
- 25 (same as the normal CIT rate for corporations)
- Composite Effective Average Tax Rate
- 28.42%
- Composite Effective Marginal Tax Rate
- 16.01%
Learn MoreParaguay Tax Brief
PYParaguayCorporate Income TaxParaguay Tax Brief
Paraguay operates a territorial tax system with a competitive 10% corporate income tax rate (IRE). The standard VAT (IVA) is 10%, with a reduced rate of 5% on certain goods. Capital gains are taxed at…- General CIT Rate
- 10%
- CIT Return Due Date
- By the end of the 4th month following fiscal year-end
- CIT Payment Due Date
- By the end of the 4th month following fiscal year-end
- Estimated Payment Due Date
- Quarterly advance payments
- Resident WHT (Dividend/Interest/Royalty)
- 8/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/15/15
- General Capital Gain Tax Rate
- 10%
- Composite Effective Average Tax Rate
- 9.44%
- Composite Effective Marginal Tax Rate
- 7.00%
Learn MoreRomania Tax Brief
RORomaniaCorporate Income TaxRomania Tax Brief
Romania has a general corporate income tax rate of 16%, with capital gains subject to the same rate; qualifying small companies may instead apply the micro-enterprise regime, taxed at 1% of revenues. …- General CIT Rate
- 16
- CIT Return Due Date
- If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.
- CIT Payment Due Date
- The final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal year.
- Estimated Payment Due Date
- Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.
- Resident WHT (Dividend/Interest/Royalty)
- 16/NA/NA
- Non-Resident WHT (Dividend/Interest/Royalty)
- 16/16/16
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 14.41%
- Composite Effective Marginal Tax Rate
- 6.41%
Learn MoreSeychelles Tax Brief
SCSeychellesCorporate Income TaxSeychelles Tax Brief
Standard business tax: 15% on income up to SCR 1 million, 25% above (since January 2022). Telecom, banking, insurance, alcohol & tobacco sectors: 25%/33%. VAT at 15%. WHT of 15% on dividends, interest…- General CIT Rate
- Standard business tax: 15% on the first SCR 1 million, 25% above. Telecom, banking, insurance, alcohol & tobacco manufacturers: 25% on the first SCR 1 million, 33% above. Small business presumptive tax: 1.5% on turnover (non-VAT registered, under SCR 1M turnover).
- CIT Return Due Date
- The due date for corporate income tax returns is typically six months after the end of the financial year.
- CIT Payment Due Date
- Corporate income tax payments are generally due six months after the end of the financial year, in line with the return filing deadline.
- Estimated Payment Due Date
- Businesses are required to make quarterly estimated tax payments to manage their tax liabilities effectively.
- Resident WHT (Dividend/Interest/Royalty)
- 0/NA/NA
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/15/15
- General Capital Gain Tax Rate
- Capital gains are not subject to tax in Seychelles.
- Composite Effective Average Tax Rate
- 23.20%
- Composite Effective Marginal Tax Rate
- 17.33%
Learn MoreSweden Tax Brief
SESwedenCorporate Income TaxSweden Tax Brief
Sweden has a general corporate income tax rate of 20.6%, with monthly estimated payments due and a 90-day payment deadline after evaluation. The expiration date for filing corporate income tax returns…- General CIT Rate
- 20.6
- CIT Return Due Date
- The expiration date depends on the month when the fiscal year ends (for calendar year taxpayers, it's July 1st).
- CIT Payment Due Date
- 90 days after evaluation.
- Estimated Payment Due Date
- Monthly installments.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 30/0/20.6
- General Capital Gain Tax Rate
- Return on capital of Swedish companies is in the tax summary.
- Composite Effective Average Tax Rate
- 19.55%
- Composite Effective Marginal Tax Rate
- 17.12%
Learn MoreSingapore Tax Brief
SGSingaporeCorporate Income TaxSingapore Tax Brief
Singapore offers a competitive corporate tax rate of 17% and a low GST rate of 9%. There is no capital gains tax. Companies must submit their estimated income tax assessment within three months after …- General CIT Rate
- 17
- CIT Return Due Date
- November 30
- CIT Payment Due Date
- Tax assessment notice shall be delivered within one month.
- Estimated Payment Due Date
- The estimated income tax assessment must be submitted within three months after the end of the company's fiscal year. The estimated tax should be paid within one month after receiving the assessment notice, or paid in installments according to the installment payment plan.
- Resident WHT (Dividend/Interest/Royalty)
- NA
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/15/10
- General Capital Gain Tax Rate
- N/A
- Composite Effective Average Tax Rate
- 16.09%
- Composite Effective Marginal Tax Rate
- 13.15%
Learn MoreSlovenia Tax Brief
SISloveniaCorporate Income TaxSlovenia Tax Brief
Slovenia's standard corporate income tax (CIT) rate is 22% (temporarily increased from 19% for years 2024-2028 to fund post-August-2023 flood reconstruction). Small companies, non-profit organisations…- General CIT Rate
- 22
- CIT Return Due Date
- Before the end of the third month after the end of the tax year.
- CIT Payment Due Date
- Payment for CIT should be made within 30 days after the (final) tax return is submitted.
- Estimated Payment Due Date
- Monthly or quarterly installment payments.
- Resident WHT (Dividend/Interest/Royalty)
- 15%
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/15/15
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate of 19%.
- Composite Effective Average Tax Rate
- 17.38%
- Composite Effective Marginal Tax Rate
- 10.15%
Learn MoreSlovakia Tax Brief
SKSlovakiaCorporate Income TaxSlovakia Tax Brief
Slovakia has a general corporate income tax rate of 21%, with capital gains subject to the same rate. Prepayments to CIT must be made monthly or quarterly, with the final payment due within three mont…- General CIT Rate
- 21% standard (2024); 2025 tiers: ≤EUR 100K at 10%, EUR 100K-5M at 21%, >EUR 5M at 24%. Minimum CIT applies.
- CIT Return Due Date
- Within three months after the end of the fiscal year. If the conditions are met, it can be extended for up to six months.
- CIT Payment Due Date
- Within three months after the end of the fiscal year. If the conditions are met, it can be extended for up to six months.
- Estimated Payment Due Date
- The prepayment to CIT must be paid on a monthly or quarterly basis within the current tax period.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 7/19/35
- General Capital Gain Tax Rate
- Capital gains are subject to the normal corporate income tax rate constraint.
- Composite Effective Average Tax Rate
- 19.33%
- Composite Effective Marginal Tax Rate
- 12.52%
Learn MoreEl Salvador Tax Brief
SVEl SalvadorCorporate Income TaxEl Salvador Tax Brief
El Salvador's corporate income tax (CIT) rate is 30% on total company revenues, with a reduced rate of 25% for companies with taxable income of USD 150,000 or less. A 1.75% advance tax on gross accrue…- General CIT Rate
- 30%
- CIT Return Due Date
- April 30
- CIT Payment Due Date
- April 30
- Estimated Payment Due Date
- "During the first ten working days of the following month."
- Resident WHT (Dividend/Interest/Royalty)
- 5/10/10
- Non-Resident WHT (Dividend/Interest/Royalty)
- 5/20/20
- General Capital Gain Tax Rate
- 10 or 30
- Composite Effective Average Tax Rate
- 27.49%
- Composite Effective Marginal Tax Rate
- 18.93%
Learn MoreThailand Tax Brief
THThailandCorporate Income TaxThailand Tax Brief
Thailand's tax system includes a range of taxes applicable to individuals and businesses. The Value-Added Tax (VAT) is set at a standard rate of 10%, though it has been temporarily reduced to 7% until…- General CIT Rate
- 20%
- CIT Return Due Date
- settled within the same 150-day period
- CIT Payment Due Date
- settled within the same 150-day period
- Estimated Payment Due Date
- due two months after the close of the first six months of the company's accounting period
- Resident WHT (Dividend/Interest/Royalty)
- 0/10/3
- Non-Resident WHT (Dividend/Interest/Royalty)
- 10/15/15
- General Capital Gain Tax Rate
- Capital gains are subject to the normal CIT rate.
- Composite Effective Average Tax Rate
- 19.61%
- Composite Effective Marginal Tax Rate
- 21.74%
Learn MoreTurkey Tax Brief
TRTurkeyCorporate Income TaxTurkey Tax Brief
Turkey has a general corporate income tax rate of 25% (30% for financial institutions), with a standard VAT rate of 20%. Capital gains are taxed at the normal CIT rate. Resident withholding tax is gen…- General CIT Rate
- 25 (financial companies up to 30%)
- CIT Return Due Date
- The 30th day of the fourth month after the end of the fiscal year.
- CIT Payment Due Date
- The tax return form is due by the end of the month (i.e., for companies using the calendar year, it is before the end of April).
- Estimated Payment Due Date
- Quarterly prepayments of taxes should be paid by the 17th of the second month of each quarter.
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/0/20
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 22.33%
- Composite Effective Marginal Tax Rate
- 9.56%
Learn MoreChinese Taipei Tax Brief
TWChinese TaipeiCorporate Income TaxChinese Taipei Tax Brief
CIT rate 20%; undistributed earnings subject to 5% surtax. IBT at 12% on certain tax-exempt income. VAT 5%. Non-residents: 21% dividend WHT, 15% interest WHT, 20% royalty WHT.- General CIT Rate
- 20
- CIT Return Due Date
- No later than the fifth month after the end of the tax year.
- CIT Payment Due Date
- No later than the fifth month after the end of the tax year.
- Estimated Payment Due Date
- CIT is expected to be paid in the ninth month of the enterprise's fiscal year.
- Resident WHT (Dividend/Interest/Royalty)
- 0/10/10
- Non-Resident WHT (Dividend/Interest/Royalty)
- 21/15/20
- General Capital Gain Tax Rate
- Capital gains are generally taxed at the standard CIT rate of 20%. Securities gains are exempt from CIT but subject to IBT at 12% (TWD 600,000 deduction; 50% exempt if held over 3 years). Real estate transactions are subject to the Joint Property Tax System 2.0 at 15%–45% based on holding period (for properties acquired after January 1, 2016). Capital losses may be carried forward for 5 years.
- Composite Effective Average Tax Rate
- N/A
- Composite Effective Marginal Tax Rate
- N/A
Learn MoreUkraine Tax Brief
UAUkraineCorporate Income TaxUkraine Tax Brief
Ukraine has a standard corporate income tax rate of 18% for capital gains. The deadline for submitting quarterly tax returns is 40 days after the end of the reporting quarter, with the exception of th…- General CIT Rate
- 18%
- CIT Return Due Date
- The quarterly tax return should be due within 40 calendar days after the last day of the reporting quarter, but the deadline for submitting the fourth quarter CIT return (based on the quarterly reporting period) is 60 calendar days after the end of the reporting year. The annual tax return (based on the annual reporting period) should be due within 60 calendar days after the last day of the reporting year.
- CIT Payment Due Date
- According to the assessment based on the tax return, the payable taxes should be paid within ten calendar days after the deadline for submitting the relevant tax return.
- Estimated Payment Due Date
- N/A
- Resident WHT (Dividend/Interest/Royalty)
- N/A
- Non-Resident WHT (Dividend/Interest/Royalty)
- 15/15/15
- General Capital Gain Tax Rate
- Capital gains are subject to the standard corporate income tax rate of 18%.
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MoreUnited States Tax Brief
USUnited StatesCorporate Income TaxUnited States Tax Brief
The United States has a federal corporate income tax rate of 21%, with state CIT rates generally ranging from 1% to 10%; some states do not impose a CIT. Estimated tax is paid in four equal installmen…- General CIT Rate
- Federal corporate income tax: 21%. State CIT generally ranges from 1% to 10% (although some states do not impose CIT) and is deductible for federal CIT purposes.
- CIT Return Due Date
- April 15 for calendar-year corporations (15th day of the 4th month after the tax year-end); a 6-month filing extension to October 15 is available. State income tax returns usually follow the federal due date, with a few exceptions.
- CIT Payment Due Date
- Tax must be fully paid by the original due date of the return (April 15 for calendar-year corporations); the final estimated instalment is due on the 15th day of the 12th month of the tax year.
- Estimated Payment Due Date
- Four equal instalments of estimated tax, due by the 15th day of the 4th, 6th, 9th and 12th months of the tax year (April 15, June 15, September 15 and December 15 for calendar-year corporations).
- Resident WHT (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 30/30/30
- General Capital Gain Tax Rate
- 21% (aligned with the federal CIT rate for corporations)
- Composite Effective Average Tax Rate
- 22.69
- Composite Effective Marginal Tax Rate
- 7.03
Learn MoreUruguay Tax Brief
UYUruguayCorporate Income TaxUruguay Tax Brief
Uruguay's tax system encompasses several key components aimed at both residents and non-residents. Corporate Income Tax (CIT) is levied at a standard rate of 25%, with companies required to make month…- General CIT Rate
- 25%
- CIT Return Due Date
- End of the 4th month after fiscal year-end
- CIT Payment Due Date
- End of the 4th month after fiscal year-end
- Estimated Payment Due Date
- Monthly advance payments
- Resident WHT (Dividend/Interest/Royalty)
- 7/12/12
- Non-Resident WHT (Dividend/Interest/Royalty)
- 7/12/12
- General Capital Gain Tax Rate
- Corporations 25%; individuals 12%
- Composite Effective Average Tax Rate
- 24.24%
- Composite Effective Marginal Tax Rate
- 26.61%
Learn MoreBritish Virgin Islands Tax Brief
VGBritish Virgin IslandsCorporate Income TaxBritish Virgin Islands Tax Brief
The British Virgin Islands offers a tax-free environment for businesses, making it a popular destination for international companies. There is no capital gains tax, corporate income tax, or value-adde…- General CIT Rate
- The British Virgin Islands does not impose a corporate income tax on businesses. This tax-free environment is a significant reason why the BVI is an attractive destination for international businesses https://tradecouncil.org/corporate-income-tax-in-the-british-virgin-islands/
- CIT Return Due Date
- N/A
- CIT Payment Due Date
- N/A
- Estimated Payment Due Date
- N/A
- Resident WHT (Dividend/Interest/Royalty)
- 0%
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0%
- General Capital Gain Tax Rate
- 0%
- Composite Effective Average Tax Rate
- Composite Effective Marginal Tax Rate
Learn MoreVietnam Tax Brief
VNVietnamCorporate Income TaxVietnam Tax Brief
CIT rate 20% (15–17% for qualifying SMEs from 2025). VAT 10% (temporary 2% reduction on select goods through Dec 2026). Dividends to non-residents exempt from WHT; interest 5%, royalties 10%. New CIT …- General CIT Rate
- 20
- CIT Return Due Date
- For CIT finalisation, the due date is the last day of the 3rd month of the following financial year.
- CIT Payment Due Date
- The same as the deadline for submission of the final CIT return (i.e. the last day of the 3rd month of the following financial year).
- Estimated Payment Due Date
- Quarterly payments must be made no later than the 30th day of the next quarter.
- Resident WHT (Dividend/Interest/Royalty)
- 0/5/10
- Non-Resident WHT (Dividend/Interest/Royalty)
- 0/5/10
- General Capital Gain Tax Rate
- Vietnamese companies: capital gains taxed at the standard 20% CIT rate. Foreign sellers: from December 15, 2025, capital transfers generally subject to 2% CIT on sale proceeds. Securities transfers by foreign entities: 0.1% CIT on total sales proceeds.
- Composite Effective Average Tax Rate
- N/A
- Composite Effective Marginal Tax Rate
- N/A
Learn MoreSouth Africa Tax Brief
ZASouth AfricaCorporate Income TaxSouth Africa Tax Brief
South Africa's tax system encompasses a range of taxes, with corporate income tax (CIT) levied at a rate of 27% for companies, while personal income tax (PIT) can reach up to 45% for individuals. The …- General CIT Rate
- 27%
- CIT Return Due Date
- Within 12 months from the end of the tax year
- CIT Payment Due Date
- Within 6 months after the company's tax year-end
- Estimated Payment Due Date
- Twice a year: first payment within 6 months of year-start, second before year-end
- Resident WHT (Dividend/Interest/Royalty)
- 20/0/0
- Non-Resident WHT (Dividend/Interest/Royalty)
- 20/15/15
- General Capital Gain Tax Rate
- Corporations 21.6% effective; individuals 18% effective
- Composite Effective Average Tax Rate
- 24.37%
- Composite Effective Marginal Tax Rate
- 12.99%
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Global Company Secretaries
Through the overseas nomination secretary service of TKEG Expat ™, hire local people to serve as secretaries for your company, thereby registering the company, opening a bank account, and registering a tax number.
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Global Special Licenses
Through the overseas companies special license service of TKEG Expat ™, easily apply for overseas financial license, travel agency license, Internet operation license, etc.
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Global Company Amendment
Through TKEG Expat ™'s global company amendment service, it is easy to handle issues such as overseas company operation, network service registration, and trademark registration.
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Other Services
Through TKEG Expat ™'s other service for overseas companies, it is easy to handle issues such as overseas company operation, network service registration, and trademark registration.
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TKEG Expat ™ Guides
United States | Company Incorporation
Incorporating in the USA for foreigners
A US incorporation is a state filing with a separate federal tax number attached, and the two are settled one after the other rather than together. This guide follows that order: which state to file…
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European Union | Company Incorporation
EU company registration: choosing a member state
There is no EU-wide company for an ordinary founder. A company is formed under the law of one of the EU member states, and EU law then treats a company formed that way as entitled to set up anywhere…
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France | Company Incorporation
Company registration in France: SARL or SAS
Company registration in France comes down to one online filing, but the file is built from decisions settled beforehand: whether the company should be a SARL or a SAS, where its registered office in…
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United Kingdom | Company Incorporation
UK company registration, step by step
UK company registration usually means incorporating a private company limited by shares, the form most UK companies take. The filing is made at Companies House. First, choose a name the registrar…
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Italy | Company Incorporation
Italy company registration for foreign owners
Italy company registration is not a form you file. Incorporation runs through an Italian notary, who draws the constitutive act as a notarial public deed (atto pubblico), whichever limited-liability…
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Netherlands | Company Incorporation
Netherlands company registration from abroad
Registering a company in the Netherlands from abroad usually means forming a BV, the Dutch private limited company, and the route runs through three stages in a fixed order: a civil-law notary…
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Spain | Company Incorporation
Spain company registration for foreign founders
Registering a company in Spain from abroad usually means forming a Sociedad Limitada (SL), and most of the work is done before anyone sits down with a notary. This general information follows the…
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Chile | Company Incorporation
Chile company incorporation for foreign founders
Chile company incorporation follows one fixed sequence with two real choices. The sequence starts before the company does: each foreign shareholder needs a Chilean tax ID, the RUT, and nothing else…
Learn More >A Full-Service Consulting Firm Backs You Up
TKEG Expat ™ is your trusted overseas business partner. We are the retail consulting department of THE KEITH &EVEN GROUP, a Hong Kong-based global consulting agency with access to 50 markets, covering approximately 72 percent of global GDP.
With its strategic advantages, we can connect customers to opportunities worldwide and serve them in 21 industries.
Corporate Clients
Do You Represent A Big Corporation Or Already Have 10 Million USD In Revenue?
If you represent a big corporation, or if your company already has more than $10 million USD in revenue, you may be interested in the enterprise solutions provided by THE KEITH &EVEN GROUP.
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