China

Details

  • Service: Tax, Indirect Tax, International Corporate Tax Services, International Tax Services
  • Type: Survey report, White paper
  • Date: 10/14/2010

KPMG's Corporate and Indirect Tax Survey 2010 

KPMG International's Corporate and Indirect Tax Survey report shows that the entire world is in the midst of a period of considerable change with their taxation regimes. A large number of countries are considering, or are in the process of implementing, substantial reforms of their tax systems.

 

Since 2009 the average global corporate tax has dropped slightly from 25.44 percent to 24.99 percent in 2010. Meanwhile, the average indirect tax rate rose slightly from 15.41 percent in 2009 to 15.61 percent in 2010. Next year, the numbers will look much different and we will see further rate fluctuations, as many economies around the world announce tax rate changes that will come into effect in the last few months of 2010 and into 2011.

 

KPMG International's Corporate and Indirect Tax Survey has been run every year since 1993. It now covers 114 countries. This year's survey compares corporate income tax rates as on 1 July 2010, with their equivalent each year back to 2000. The survey also includes information on Value Added Taxes or Goods and Services Taxes in 114 countries, going back six years. Tax professionals from across KPMG's global network of member firms have contributed to the survey.

KPMG's Corporate and Indirect Tax Survey 2010
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