62
Major reform
29%
Global developments
Global Tax Overview
Public snapshot of headline tax rates and reform activity across the global tracker.
215 total
Status snapshot
Development status across tracked jurisdictions
46
Rate change
21%
5
Proposed
2%
102
Stable
47%
Key jurisdictions
Headline rates and reform markers for common MNE watchlist markets
United States
USA 路 North America
- CIT
- 21%
- VAT / GST
- N/A
- IIT top
- 37%
One Big Beautiful Bill Act (signed Jul 2025): permanent 100% bonus depreciation, GILTI renamed NCTI (deduction to 40%), BEAT held at 10%
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China
CHN 路 East Asia
- CIT
- 25%
- VAT / GST
- 13%
- IIT top
- 45%
Unified VAT Law takes effect 1 Jan 2026; fully digitalised e-fapiao rolled out nationwide from Dec 2024; small-business VAT relief extended to end-2027
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United Kingdom
GBR 路 Western Europe
- CIT
- 25%
- VAT / GST
- 20%
- IIT top
- 45%
Draft Finance Bill 2026-27 clauses published for technical consultation cover corporate, indirect, customs, and tax-administration reforms; final bill content remains pending
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Germany
DEU 路 Western Europe
- CIT
- 30%
- VAT / GST
- 19%
- IIT top
- 45%
Cabinet-approved draft Annual Tax Act 2026 proposes WHT relief-process changes, minimum-tax amendments, electronic notices, and tax-interest/R&D credit updates
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France
FRA 路 Western Europe
- CIT
- 25%
- VAT / GST
- 20%
- IIT top
- 45%
Exceptional CIT surtax on large companies (turnover >=EUR 1bn) extended to FY2026; effective rate up to ~36%
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Japan
JPN 路 East Asia
- CIT
- 30.6%
- VAT / GST
- 10%
- IIT top
- 45%
Pillar Two IIR effective for FY from Apr 2024, UTPR/QDMTT enacted in 2025 reform; 4% special defense surtax on CIT from FY beginning on/after 1 Apr 2026
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Singapore
SGP 路 Southeast Asia
- CIT
- 17%
- VAT / GST
- 9%
- IIT top
- 24%
Pillar Two MTT (IIR) and Domestic Top-up Tax effective for FYs from 1 Jan 2025 under Multinational Enterprise (Minimum Tax) Act 2024
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Hong Kong SAR
HKG 路 East Asia
- CIT
- 16.5%
- VAT / GST
- N/A
- IIT top
- 17%
Refined foreign-source income exemption (FSIE) regime in force; 15% QDMTT/IIR for in-scope MNE groups from 2025
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India
IND 路 South Asia
- CIT
- 25.17%
- VAT / GST
- 18%
- IIT top
- 30%
GST 2.0 from 22 Sep 2025 collapsed slabs to 5%/18%/40%; foreign-company CIT cut 40%->35%
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Brazil
BRA 路 Latin America
- CIT
- 34%
- VAT / GST
- N/A
- IIT top
- 27.5%
Dual VAT (CBS federal + IBS subnational) replacing PIS/COFINS/IPI/ICMS/ISS, phased 2026-2033; 1% test rate in 2026; 10% dividend WHT from 2026
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Australia
AUS 路 Oceania
- CIT
- 30%
- VAT / GST
- 10%
- IIT top
- 45%
Exposure draft Tax Reform No. 3 Bill 2026 covers negative-gearing and CGT reforms; consultation closed 21 Aug 2026 and final legislation remains pending
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Canada
CAN 路 North America
- CIT
- 26.5%
- VAT / GST
- 5%
- IIT top
- 33%
Lowest federal PIT bracket cut to 14.5% (2025) and 14% (2026); new transfer pricing rules introduced 2025
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