Corporate tax rates from the Tax Foundation

• Part 1 of 4 · Source

• Part 2 of 4 · Timing

Statutory corporate income tax rates for more than 200 jurisdictions, compiled from OECD data, published country guides and individual research.

The 2025 edition covers 226 jurisdictions, with worldwide averages for 181.

• Part 3 of 4 · Format

• Part 4 of 4 · Terms

Tables and downloads

Free, with a primary check

Interactive tables, historical rate data in CSV and global minimum tax implementation data.

Free to read and cite. Confirm material rates with the OECD database or the tax law.

■ Tax Foundation · Getting started

What the dataset contains

The annual survey gives one headline statutory corporate rate per jurisdiction, with regional and worldwide averages. It is a quick global reference, not a substitute for the tax law.

Contents

Dating and citation

Headline rates: the combined central and sub-central statutory rate for each jurisdiction in the survey year.

Edition: each survey states the year it covers; use the edition in force at the valuation date.

Averages: simple and GDP-weighted averages by region and worldwide (23.58% and 26.04% worldwide in the 2025 edition).

Download: save the CSV or a PDF of the table with the access date in the working papers.

History: historical rates for many jurisdictions show how the tax environment has moved over time.

Citation: 'Tax Foundation, Corporate Tax Rates around the World, [year], [jurisdiction]', with the access date.

Global minimum tax: a separate table tracks Pillar Two implementation by jurisdiction.

Second source: compare with the OECD Corporate Tax Statistics figure for the same year.

Example: for a subject in a jurisdiction with a 25% headline rate and a 3% local business tax, the valuer records both and documents how the combined rate was derived.

Practice tip: where the Tax Foundation and OECD figures differ, read the notes; differences often come from surtaxes or sub-central taxes.

■ OECD · Primary check

OECD Corporate Tax Statistics

The OECD Corporate Tax Statistics database is the official cross-country source for OECD members and Inclusive Framework jurisdictions. Use it first where it covers the subject's jurisdiction.

What it covers

How to use it

Statutory rates: central, sub-central and combined corporate income tax rates.

Start here: take the combined statutory rate for the valuation year from the OECD database.

Effective tax rates: forward-looking average and marginal effective rates that reflect tax allowances.

Fill gaps: use the Tax Foundation table for jurisdictions the OECD does not cover.

R&D incentives: tax relief for research and development, relevant to technology valuations.

Cross-check: a large gap between the two sources is a signal to read the tax law directly.

Revenues: corporate tax revenue statistics that show the weight of the tax in each economy.

Guide: the Valuvix OECD guide explains how to find each OECD series.

Example: for an OECD member, the valuer cites the OECD combined statutory rate and notes that the Tax Foundation figure for the same year agrees.

Practice tip: record the OECD dataset name, year and access date, as the database is updated when countries change their rates.

■ Tax rates · In valuation

Where the tax rate enters a valuation

The same rate should flow consistently through the cash flows, the cost of capital and any tax amortisation benefit.

Income approach

Intangible assets

Cash flows: start from the statutory rate; an effective rate below it may converge towards the marginal rate over the forecast.

Tax amortisation benefit: use the rate of the jurisdiction where the asset would be taxed.

Cost of debt: the after-tax cost of debt in WACC uses the marginal rate.

Relief-from-royalty: after-tax royalty savings use the same rate as the tax amortisation benefit.

Losses: tax losses carried forward reduce cash taxes for a period; model them separately.

MPEEM: contributory asset charges and excess earnings are measured after tax at the same rate.

Terminal value: use a sustainable rate in the terminal year, usually the marginal rate.

Amortisation life: take the tax life from the tax law, not from this dataset.

Example: a company paying 15% today under an incentive that expires in year three is modelled at 15% to year three, then at the 25% statutory rate.

Practice tip: use one tax source for all calculators within a single valuation.

■ Tax Foundation · Quality control

Reliance and common pitfalls

Both datasets are summaries. For a material input, confirm the rate with the tax law or the tax authority for the valuation date.

Reliance

Pitfalls

Primary law: check the tax law or the tax authority's guidance for material rates.

Headline only: surcharges, local taxes and special regimes may not be in the headline rate.

Enacted versus announced: rates announced but not enacted at the valuation date are usually not yet reflected.

Mixing rates: do not mix statutory, effective and marginal rates within one model.

Incentives: tax holidays and special economic zones need the specific regime, not the headline rate.

Wrong edition: an edition published after the valuation date may include later changes.

Working papers: save the table with the access date.

Group tax: global minimum tax rules can raise the effective rate of large groups.

Example: a rate cut announced before the valuation date but enacted after it is disclosed, not applied.

Practice tip: explain in the report which rate was used and why.

✱ Source and attribution

Information from the Tax Foundation and the OECD

Tax Foundation, Corporate Tax Rates around the World (annual). OECD, Corporate Tax Statistics database. Valuvix links to the originals, does not reproduce their tables and is not affiliated with either organisation.

Related Valuvix calculators: WACC, Cost of Debt, FCFF Builder, Brand Value, MPEEM.