Corporate Income Tax in Asia

Corporate Income Tax in Asia

Corporate Income Tax in Asia

Corporate Income Tax in Asia , plays a  major role  in attracting Foreign Direct Investment to ones country.There are lot of competition in Asia Country , in order to stay ahead some of the country tend to lower their corporate tax , to lure foreign investor to park their fund into ones country.

There are goods and bad for having high corporate tax in ones country. A high corporate tax will generate more disposable income for public spending. If the funds collected from corporate tax is well spend on infrastructure and building investment infrastructure. This will strengthen ones countries economies.In the Mean time High corporate will also generate slower growth and employment growth . Is double edge

I have prepare a table below showcasing Comparison of Corporate income tax in Asia.

 

Comparison of Corporate income tax in Asia.

No Country Corporate Tax Rate
1 Singapore 17%
2 Hong Kong 16.5%
3 South Korea 22%
4 Japan 30.86%
5 Taiwan 17%
6 Australia 30%
7 Malaysia 24%
8 Indonesia 25%
9 Thailand 20%
10 Vietnam 20%
11 China 25%
12 India 30%

 

Check out Personal Income Tax Rate Comparison in Asean Here

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