Visualizing the Countries With the Lowest Corporate Tax Rates


This post is by Dorothy Neufeld from Visual Capitalist


See this visualization first on the Voronoi app.

This circle graphic shows the countries with the lowest tax rates in 2023.

Countries With the Lowest Corporate Tax Rate Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. The lowest corporate tax rates are known to be found in smaller countries to attract investment from multinational corporations and foreign firms. In fact, multinationals sheltered $1 trillion in profits in tax havens in 2022 alone. Many of these countries have corporate taxation rates of 0%, while others have rates falling around 5%. By comparison, the global average corporate tax rate stands at 23.5%. The above graphic, from Pranav Gavali, shows where corporate taxation rates are the lowest as of 2023.

Ranked: The Top 10 Lowest Corporate Taxation Rates

Below, we rank the countries with the lowest taxation rates for corporations, based on data from the Tax Foundation. Countries with tax rates of 0% are not included:
RankCountryCorporate Tax Rate
2023
CountryCorporate Tax Rate
1980
1🇧🇧 Barbados5.5%🇭🇰 Hong Kong17.0%
2🇹🇲 Turkmenistan8.0%🇯🇪 Jersey20.0%
3🇭🇺 Hungary9.0%🇬🇬 Guernsey20.0%
4🇦🇪 UAE9.0%🇪🇨 Ecuador20.0%
5🇦🇩 Andorra10.0%🇵🇷 Puerto Rico22.0%
6🇧🇦 Bosnia and Herzegovina10.0%🇺🇾 Uruguay25.0%
7🇧🇬 Bulgaria10.0%🇧🇴 Bolivia30.0%
8🇽🇰 Kosovo10.0%🇸🇻 El Salvador30.0%
9🇰🇬 Kyrgyzstan10.0%🇵🇾 Paraguay30.0%
10🇵🇾 Paraguay10.0%🇲🇹 Malta32.5%
Perhaps as no surprise, Barbados ranks top on the list, a tax haven where American corporations have transferred (Read more…)