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