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Lowest Corporate-Tax Countries
The lowest headline corporate income-tax rates among 50 major economies — orientation only, not a tax-planning recommendation.
What this ranking measures
The HEADLINE national corporate income-tax rate across the 50 major economies Richbay tracks — national surtaxes included, at a large company's rate where one starts above a profit threshold; the regional or municipal layer is added where one applies — at its midpoint where it varies by place; sector-specific rates, incentive regimes and the 15% global minimum tax that now applies to large groups are not. It is orientation, not a tax-planning basis.
- 1
Bahrain
- Corporate tax
- 0%
- Top income tax
- 0%
No personal/corp income tax (ex-oil/gas); 2025 onwards 15% corp tax on large MNEs (Pillar 2) only.
- 2
Hungary
- Corporate tax
- 9%
- Top income tax
- 15%
A local business tax of up to 2% and a 0.3% innovation contribution are levied on turnover rather than profit and are not added. 15% flat tax; 9% corp tax — lowest in EU.
- 3
United Arab Emirates
- Corporate tax
- 9%
- Top income tax
- 0%
Since 2025, large multinational groups (group revenue €750m+) are also subject to the 15% domestic minimum top-up tax (DMTT). No personal income tax and no general capital-gains tax on individuals; gains realised at business level are generally within the 9% corporate tax (from 2023-06, taxable profit >AED 375k).
- 4
Qatar
- Corporate tax
- 10%
- Top income tax
- 0%
The 10% reaches the foreign-owned share; entities wholly owned by Qatari and resident GCC nationals pay none, and petroleum operations pay at least 35%. Since 2025 large multinational groups are also subject to the 15% domestic minimum top-up tax (DMTT). No general capital-gains tax on individuals; gains realised by companies are generally taxed under the 10% corporate income tax.
- 5
Ireland
- Corporate tax
- 12.5%
- Top income tax
- 48%
Top personal rate 48% = 40% income tax + the 8% Universal Social Charge above €70,044 (USC is a tax, not a social contribution; PRSI at 4% is excluded). The 12.5% rate applies to TRADING income only — non-trading (passive) income is generally taxed at 25%. It remains among the lowest in Europe; large multinationals meet the OECD Pillar Two 15% rate.
- 6
Kuwait
- Corporate tax
- 15%
- Top income tax
- 0%
Law No. 2 of 2008, amending Income Tax Decree No. 3 of 1955, fixes the tax at 15% of net taxable income on every body corporate carrying on trade or business in Kuwait — in practice foreign-owned entities, because Kuwaiti and GCC wholly-owned companies fall outside it. Those instead pay Zakat 1%, KFAS 1% and NLST 2.5% on net profit; a foreign-owned entity pays none of the three. Profits from trading on the Kuwait Stock Exchange are exempt. There is no personal income tax and no VAT. ⚠️ Withholding tax is nominally 0%, but a payer must retain 5% of the contract value until the recipient produces a Tax Clearance Certificate.
- 7
Switzerland
- Corporate tax
- 16.1%
- Top income tax
- 32.57%
No single capital-gains rate: gains on privately held movable property (listed shares included) are generally exempt, gains on real property are taxed at cantonal level, and an investor reclassified as a professional securities dealer is taxed on income. Personal income tax: 11.5% federal direct tax (the overall rate above CHF 793,900 of taxable income for a single filer; the band below it is 13.2%), plus 10.40–31.74% cantonal and communal tax — a combined top rate of 21.90% (Zug) to 43.24% (Geneva) in the cantonal capitals (KPMG 2026). Corporate tax: the federal 8.5% is levied on profit after tax and is itself deductible, so it is about 7.83% of pre-tax profit; cantonal and communal tax adds 3.83–12.71%, for a combined pre-tax rate of 11.66% (Lucerne) to 20.54% (Bern).
- 8
Hong Kong
- Corporate tax
- 16.5%
- Top income tax
- 16%
Salaries tax capped by the two-tier standard rate 15%/16% (progressive 2–17% if lower) — top earners pay 16%. Territorial source; no CGT, no estate tax, no sales tax.
- 9
Singapore
- Corporate tax
- 17%
- Top income tax
- 24%
No general capital-gains tax, but gains that are trading in nature can still be taxable. Dividends exempt (single-tier); foreign-source income exempt under conditions.
- 10
Poland
- Corporate tax
- 19%
- Top income tax
- 36%
Share gains top 23% = 19% + the 4% solidarity levy (income above PLN 1m, which includes share-sale gains). Top personal rate 36% = the 32% band + the 4% solidarity levy on income above PLN 1m; the 9% health contribution is not included.
- 11
Finland
- Corporate tax
- 20%
- Top income tax
- 45.3%
- 12
Taiwan
- Corporate tax
- 20%
- Top income tax
- 40%
No single capital-gains rate: the securities transaction income tax is currently suspended, real-property transfers fall under their own consolidated housing and land regime, and other gains may be taxed as income.
- 13
Thailand
- Corporate tax
- 20%
- Top income tax
- 35%
Gains on shares sold on the Stock Exchange of Thailand are exempt for individuals; other gains are taxed as income. Capital gains are generally taxed as ordinary personal or corporate income — there is no separate capital-gains tax; gains on SET-listed shares can be exempt for individuals. Foreign income taxed on remittance (2024 change).
- 14
Saudi Arabia
- Corporate tax
- 20%
- Top income tax
- 0%
The 20% reaches only the share held by non-Saudi, non-GCC owners; the Saudi and GCC share pays 2.5% zakat on the zakat base (net worth) instead. No general capital-gains tax on individuals; gains realised by companies and some non-resident disposals may be taxed at 20%.
- 15
Vietnam
- Corporate tax
- 20%
- Top income tax
- 35%
Corporate tax runs under Law 67/2025/QH15, in force from 2025-10-01: 20% standard, 15% and 17% for smaller turnover bands, and 25–50% for oil, gas and mineral extraction. ⚠️ Vietnam has applied the Pillar Two qualified domestic minimum top-up tax at 15% since 2024, so a large multinational holding an incentive rate of 10% or a tax holiday is topped up to 15% regardless. Personal tax runs under Law 109/2025/QH15, adopted 2025-12-10 and in force from 2026-07-01, which cuts the schedule from seven brackets to five and raises the personal and dependant deductions — the top rate stays 35%, so the reform lightens low and middle incomes rather than the top.
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