CORPORATE TAX RATES
If you want to do business in India you should be prepared to shell out extra money to government in form of taxes as compaired to any other developing countries. In a recent survey counted by major audit firm Ernst & Young, India has high tax rates for cos. along with Brazil
|
CORPORATE TAX RATES |
|
|
Emerging Economies |
|
|
Country |
Tax Rate |
|
BRAZIL |
34% |
|
INDIA |
34% |
|
SOUTHAFRICA |
29% |
|
MEXICO |
28% |
|
MALAYSIA |
27% |
|
CHINA |
25% |
|
|
|
|
Developing Economies |
|
|
Country |
Tax Rate |
|
CANADA |
36% |
|
UNI. STATES |
35% |
|
FRANCE |
34%* |
|
ITALY |
33% |
|
U KINGDOM |
28% |
|
GERMANY |
26%** |
|
NETHERLAND |
26% |
|
RUSSIA |
24% |
|
|
|
|
*(including social security tax) |
|
|
**(including tax surcharge) |
|