Total Tax Rate (As % of Commercial Profits) fell to 0.649% in China in 2018

Total Tax Rate (As % of Commercial Profits) (%)
Economy | China | December 2, 2019
$2.99
Excel Sheet

Total tax rate as a percentage of commercial profits reached 0.649 % in 2018 in China, according to the National Statistical Office. This is 3.57 % less than in the previous year.

Historically, total tax rate as a percentage of commercial profits in China reached an all time high of 81.2 % in 2007 and an all time low of 0.649 % in 2018. When compared to China's main peers, total tax rate as a percentage of commercial profits in India amounted to 0.521 %, 0.467 % in Japan, 0.463 % in Russia and 0.438 % in USA in 2018.

China has been ranked 13th within the group of 172 countries we follow in terms of total tax rate as a percentage of commercial profits, 12 places behind the position seen 10 years ago.

The total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits.

Total Tax Rate (As % of Commercial Profits) Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
Bangladesh % 35.8% 0.354% 0.354% 0.344% 0.344%
Canada % 0.201% 0.199% 0.211% 0.211% 0.210%
China % 63.7% 0.688% 0.686% 0.679% 0.682%
Germany % 0.459% 0.491% 0.488% 0.488% 0.489%
India % 62.8% 0.557% 0.555% 0.555% 0.562%
Japan % 49.2% 0.487% 0.503% 0.504% 0.488%
Mexico % 52.5% 0.517% 0.518% 0.519% 0.520%
Pakistan % 39.1% 0.324% 0.326% 0.329% 0.334%
Russia % 54.1% 0.487% 0.489% 0.470% 0.474%
South Korea % 0.340% 0.334% 0.332% 0.332% 0.331%
Sri Lanka % 0.553% 0.570% 0.554% 0.552% 0.552%
USA % 46.4% 0.438% 0.438% 0.439% 0.440%