Australia

Details

  • Service: Tax, Corporate Tax, International Corporate Tax, Indirect Tax
  • Type: Survey report
  • Date: 28/04/2014

Corporate & Indirect Tax Rate Survey 2014 

Much like previous years, tax rates continue to be in a state of flux with the trend towards governments decreasing their corporate tax rates in favour of increases in indirect tax rates to attract foreign investment.
Corporate & Indirect Tax Rate Survey 2014 cover
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Since KPMG International's previous edition of the rate survey, 13 countries increased their indirect tax rate and none decreased. Nine countries increased their corporate tax rate and 24 decreased.

 

Key insights

  • There are fundamental changes in attitudes and approaches to tax all over the world. Tax rates, reflective of a country’s economic situation, are going up and down and there is no consistent approach.
  • The increases in indirect tax rates are arguably evidence of it becoming the ‘tax of choice’ for governments around the world who are looking to raise much needed income.
  • Among countries that impose a corporate tax, the United Arab Emirates holds the top spot with the highest rate.
  • For countries that impose an indirect tax, Hungary takes the top spot with the highest rate.
 

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Tax rates online

Tax rated online
The online rates tool helps compare corporate, indirect & individual income tax rates within a country or a tax type across multiple countries.

Corporate Tax

At KPMG we combine an in-depth knowledge of corporate taxation issues with our understanding of how tax fits into the broader picture.

Indirect Tax

KPMG can assist in all aspects of indirect tax, from education and training, policy, compliance and technology through to audits and disputes.