European international locations—like virtually all countries around the world—require companies to pay company revenue taxes on their earnings. The quantity of taxes a enterprise in the end pays on its earnings will depend on each the company tax base and the company tax price. Right now’s map exhibits how statutory corporate income tax rates evaluate throughout European OECD international locations.
Making an allowance for central and subcentral taxes, Portugal has the very best statutory corporate income tax price amongst European OECD international locations, at 31.5 p.c. Germany and Italy comply with, at 29.8 p.c and 27.8 p.c, respectively. Hungary (9 p.c), Ireland (12.5 p.c), and Lithuania (15 p.c) have the bottom company revenue tax charges.
On common, European OECD international locations at the moment levy a company revenue tax price of 21.5 p.c. That is barely under the worldwide common which, measured throughout 180 jurisdictions, was 23.4 percent in 2022.
European international locations—like most regions around the globe—have skilled a decline in company revenue tax charges over the previous many years, however the common company revenue tax price has leveled off in recent times. Of the 27 European international locations, solely the Netherlands elevated its company revenue tax price within the final 12 months, a development anticipated to carry regular as international locations have more efficient tax types to show in the direction of.
| Mixed Statutory Company Earnings Tax Charges in European OECD Nations, 2023 | |
|---|---|
| European OECD Nation | Mixed Statutory Company Earnings Tax Charge |
| Australia | 30.00 |
| Austria | 25.00 |
| Belgium | 25.00 |
| Canada | 26.21 |
| Chile | 10.00 |
| Colombia | 35.00 |
| Costa Rica | 30.00 |
| Czech Republic | 19.00 |
| Denmark | 22.00 |
| Estonia | 20.00 |
| Finland | 20.00 |
| France | 25.83 |
| Germany | 29.83 |
| Greece | 22.00 |
| Hungary | 9.00 |
| Iceland | 20.00 |
| Eire | 12.50 |
| Israel | 23.00 |
| Italy | 27.81 |
| Japan | 29.74 |
| Korea | 27.50 |
| Latvia | 20.00 |
| Lithuania | 15.00 |
| Luxembourg | 24.94 |
| Mexico | 30.00 |
| Netherlands | 25.80 |
| New Zealand | 28.00 |
| Norway | 22.00 |
| Poland | 19.00 |
| Portugal | 31.50 |
| Slovak Republic | 21.00 |
| Slovenia | 19.00 |
| Spain | 25.00 |
| Sweden | 20.60 |
| Switzerland | 19.70 |
| Türkiye | 23.00 |
| United Kingdom | 19.00 |
| United States | 25.81 |
Observe: Mixed statutory company revenue tax charges embrace each central and subcentral company revenue tax charges. Supply: OECD, “Tax Database: Desk II.1. Statutory company revenue tax price;” and Bloomberg Tax, “Nation Information.” | |