Corporate Tax
Tax levied on business profits and corporate income.
Corporate income tax (CIT) is imposed on the net profits of corporations and businesses. Rates vary significantly worldwide, from 0% in some jurisdictions to over 30% in others. Many countries offer reduced rates for small businesses, tax incentives for specific industries, or special economic zones with preferential rates. The global minimum corporate tax rate of 15% was agreed upon by over 130 countries through the OECD's BEPS framework.