Corporation tax what is the rate

Vietnam Corporate Tax Rate. In Vietnam, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Vietnam. Compare Corporate Tax Rate by Country.

Vietnam Manufacturing Grows for 1st Time in 5 Months. FDI into Vietnam Falls 4. Vietnam Inflation Rate at 7-Month Low of 1. Vietnam Retail Sales Shrink for 5th Month. To view this licence, visit nationalarchives. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. The rate of Corporation Tax you pay depends on how much profit your company makes.

There are different rates for ring fence companies. For profits before 1 April use the Marginal Relief calculator to work out how much Marginal Relief you can claim on your Corporation Tax.

There are different Corporation Tax rates for companies that make profits from oil extraction or oil rights in the UK or UK continental shelf.

When working out your chargeable gain, you can use Indexation Allowance Rates to reflect the increase in value of the asset between the time it was acquired and 31 December South America saw a period where the average statutory rate increased slightly at less than one percentage point, although the average rate decreased over the full year period.

Worldwide and regional average top statutory corporate tax rates have declined over recent decades, with most countries following the trend. Of jurisdictions around the world, only one has increased its top corporate income tax rate in , while nine countries have decreased their corporate tax rate. The trend seems to be continuing, as several countries are planning to reduce their corporate tax rates in the coming years. The dataset compiled for this publication includes the statutory corporate income tax rates of sovereign states and dependent territories around the world.

Tax rates were researched only for jurisdictions that are among the around sovereign states and dependent territories that have been assigned a country code by the International Organization for Standardization ISO.

In addition, the dataset includes historic statutory corporate income tax rates for the time period to However, these years cover tax rates of fewer than jurisdictions due to missing data points. Please let Tax Foundation know if you are aware of any sources for historic corporate tax rates that are not mentioned in this report, as we constantly strive to improve our datasets. To be able to calculate average statutory corporate income tax rates weighted by GDP, the dataset includes GDP data for jurisdictions.

When used to calculate average statutory corporate income tax rates, either weighted by GDP or unweighted, only these jurisdictions are included to ensure the comparability of the unweighted and weighted averages. The dataset captures standard top statutory corporate income tax rates levied on domestic businesses. This means:. Jurisdictions that are not part of either source were researched individually.

Tax rates for the time frame between and are taken from a dataset compiled by the Tax Foundation over the last years. GDP calculations are from the U. For , the dataset includes statutory corporate income tax rates of jurisdictions, but GDP data is available for only of these jurisdictions, reducing the number of jurisdictions included in calculated averages to For years prior to , the number of countries included in calculated averages varies by year due to missing corporate tax rates; that is, the average includes statutory corporate income tax rates of 74 jurisdictions, compared to jurisdictions in The Tax Foundation works hard to provide insightful tax policy analysis.

Our work depends on support from members of the public like you. Would you consider contributing to our work? We work hard to make our analysis as useful as possible. Taxpayers are required to prepare an annual CIT return, which includes a section for making adjustments to accounting profit to arrive at taxable profit.

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