Due to the amendment into the Tax Code of Ukraine concerning transfer pricing, the difference between corporate tax rates in Ukraine and in third countries has become a matter of importance. Transactions, within which one of the parties is non-resident, in case the corporate tax rate in the home-country of this party is below 95% of the correspondent corporate tax rate in Ukraine,  such transactions comes to the list of controlled. (Section 39.2.1.2 of the Tax Code of Ukraine).

For your convenience we have prepared the list of countries (and autonomous zones with independent taxation systems), bringing their corporate tax rates (ranges, where possible), and indication those of them which are below the imposed limit:


Jurisdiction

2013 min. rate, %

2013,max. rate, %

Control requirement

Afghanistan

20

Albania

10

Algeria

19

Andorra

10

Angola

35

Antigua and Barbuda

25

Argentina

35

Armenia

20

Aruba

28

Australia

30

Austria

25

Azerbaijan

20

Bahamas

0

Bahrain

0

Bangladesh

27,5

Barbados

25

Belarus

5

18

Belgium

33,99

Belize

25

Benin

35

Bermuda

0

Bhutan

0

Bolivia

0

25

Bonaire

0

25

Bosnia and Herzegovina

10

Botswana

22

30

Brazil

25

34

Brunei

23,5

Bulgaria

10

Burkina Faso

30

Burma

25

Burundi

35

Cambodia

20

Cameroon

38,5

Canada

25

31

Cape Verde

0

Cayman Islands

0

Central African Republic

0

Chad

40

Chile

20

35

China

15

25

Colombia

15

34

Comoros

35

Congo

35

Costa Rica

10

30

Côte d’Ivoire

20

Croatia

20

Cuba

35

Curacao

27,5

Cyprus

12,5

Czech Republic

5

19

Denmark

25

Djibouti

10

Dominica

30

Dominican Republic

29

Ecuador

12

22

Egypt

25

El Salvador

30

Equatorial Guinea

35

Eritrea

0

Estonia

21

Fiji

17

20

Finland

24,5

France

15

33,33

Gabon

35

Gambia

35

Georgia

15

Germany

29,55

Ghana

25

Gibraltar

0

10

Greece

26

Grenada

30

Guatemala

6

31

Guernsey

0

10

Guernsey

0

Guyana

35

45

Haiti

41

Honduras

35

Hong Kong

0

16,5

Hungary

10

19

Iceland

20

36

India

30

40

Indonesia

20

25

Iran

25

Ireland

12,5

25

Isle of Man

0

10

Israel

25

Italy

31,4

38

Jamaica

25

30

Japan

38,01

Jersey

0

10

Jordan

14

30

Kazakhstan

20

32

Kenya

30

37,5

Kiribati

35

Korea, Republic of

11

24,2

Kuwait

0

55

Laos

24

Latvia

9

15

Lebanon

4

21

Lesotho

10

Liberia

25

Libya

20

Liechtenstein

12,5

Lithuania

0

15

Luxembourg

10

29,22

Macau

9

12

Macedonia

0

10

Madagascar

23

Madeira

20

Malawi

30

35

Malaysia

10

25

Maldives

0

Mali

35

Malta

35

Mauritania

25

Mauritius

15

Mexico

30

Micronesia

3

Moldova

10

Monaco

33,33

Mongolia

10

25

Montenegro

9

Morocco

30

37

Mozambique

16

32

Namibia

33

Nauru

0

Nepal

20

30

Netherlands

20

25

New Zealand

28

Nicaragua

30

Niger

30

Nigeria

35

30

Norway

28

Oman

12

Pakistan

25

35

Palestine

15

Panama

25

30

Papua New Guinea

30

45

Paraguay

10

Peru

30

Philippines

30

Poland

19

Portugal

25

Qatar

0

10

Romania

3

16

Russia

15,5

20

Rwanda

30

Saba

0

20

Saint Kitts and Nevis

35

Saint Lucia

30

Saint Vincent and the Grenadines

33

Samoa

27

San Marino

19

São Tomé and Príncipe

25

Saudi Arabia

20

Senegal

25

Serbia

15

Seychelles

25

33

Sierra Leone

30

Singapore

11,9

17

Slovak Republic

23

Slovenia

17

Solomon Islands

30

Somalia

0

South Africa

28

33

South Africa

28

Spain

25

30

Sri Lanka

12

28

St Eustatius

0

St Maarten

34,5

Sudan

10

35

Suriname

36

Swaziland

30

Sweden

22

Switzerland

11,36

24,43

Syria

14

28

Taiwan

17

Tajikistan

1

(ГИБКАЯ)

Tanzania

30

37

Thailand

20

Togo

27

Tonga

25

Trinidad and Tobago

25

35

Tunisia

0

35

Turkey

20

Turkmenistan

8

20

Tuvalu

30

Uganda

30

Ukraine

0

19

United Arab Emirates

0

55

United Kingdom

23

United States

20

42

Uruguay

25

Uzbekistan

9

15

Vanuatu

0

Venezuela

34

50

Vietnam

10

50

Yemen

15

20

Zambia

15

40

Zimbabwe

25,75

 

 

 


– marked jurisdictions: corporate tax rate of which is below 15,2%, which is less than 95% of 16% corporate tax rate, which will come into force in Ukraine from January the 1st, 2014.

– marked jurisdictions: corporate tax rate of which is below 18,05%, which is less than 95% of 19% corporate tax rate. Transactions with residents from countries with this corporate tax rates will be controlled until January the 1st, 2014.

– jurisdictions marked with two indicators: in case the minimum rate within the range results in different indicator to the maximum rate of the range, they are indicated separately. Left indicator is regarding minimum and right indicator is regarding maximum corporate tax rate of the range.