In 2023, China was the leading country in global corporate tax revenue, with a significant value compared to other countries. Brazil and Indonesia followed, though their year-on-year variations showed a decline and moderate growth of -0.32% and 2.35%, respectively. Emerging markets like Brazil and Malaysia faced declines.
Future trends to watch include potential growth in countries like Uganda and Guyana, with the highest year-on-year increase in tax revenue of 7.45% and 7.4%, respectively. The global trend indicates shifts toward higher revenue in emerging markets as they stabilize and grow economically.
Top countries in Corporate Income, Profits and Capital Gains Tax Revenue Perceived by a Federal or Central Government Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 57.8 | 2023 | +3.77% | +4.49% | View data |
| 2 | 2 Brazil | 7.6 | 2023 | -0.35% | -0.32% | View data |
| 3 | 3 Indonesia | 6.74 | 2023 | +2.41% | +2.35% | View data |
| 4 | 4 Thailand | 3.72 | 2023 | +2.7% | +3.64% | View data |
| 5 | 5 Malaysia | 3.08 | 2023 | +0.91% | -0.16% | View data |
| 6 | 6 South Africa | 2.23 | 2023 | +0.15% | -1.15% | View data |
| 7 | 7 Singapore | 2.2 | 2023 | +2.62% | +3.19% | View data |
| 8 | 8 Philippines | 1.94 | 2023 | +2.64% | +2.91% | View data |
| 9 | 9 Argentina | 1.91 | 2023 | -0.27% | -1.62% | View data |
| 10 | 10 Vietnam | 1.84 | 2023 | +2.54% | +3.09% | View data |
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