With a number of recent and upcoming developments in the OECD’s international tax agenda, we invite you to join a live webinar with experts from the Centre for Tax Policy and Administration for an update on our work in the context of the COVID-19 crisis.

Tax revenues in Latin America and the Caribbean (LAC) increased to 23.1% of GDP on average in 2018, according to the new edition of Revenue Statistics in Latin America in the Caribbean published today. However, these gains are now under threat as a result of the region’s deteriorating fiscal outlook, which has been exacerbated by the Covid-19 pandemic.

The Corporate Tax Rate in Gambia stands at 31 percent. In the Gambia, the corporate income tax rate is paid by companies or partnerships on their turnover or profit. Corporate income tax rate is currently the higher of 31 percent of the taxable profit and 1.5 percent of turnover for the year. However, if for any reason the company accounts are not audited, the corporate tax on turnover should be 2.5 percent and not 1.5 percent. This page provides - Gambia Corporate Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

This country note explains how Chile taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

This country note explains how Colombia taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax wedge for the average single worker in Chile remained the same at 7.0 percentage points between 2018 and 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Chile had the lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Colombia and Mexico are a step closer to beneffiting from cross border tax co-operation and information sharing. Colombia has signed, and Mexico has deposited its instrument of ratification for the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.

Global solutions are needed to ensure that tax systems do not unduly profit multinational enterprises, leaving citizens and small businesses with bigger tax bills.

The Corporate Tax Rate in Angola stands at 30 percent. Corporate Tax Rate in Angola averaged 33.24 percent from 2004 until 2020, reaching an all time high of 35 percent in 2005 and a record low of 30 percent in 2015. In Angola, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Angola. This page provides - Angola Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This country note explains how Denmark taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax wedge for the average single worker in Denmark remained the same at 35.4 percentage points between 2018 and 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Denmark had the 23rd lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

This country note explains how the Czech Republic taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax wedge for the average single worker in the Czech Republic increased by 0.1 percentage points from 43.8 in 2018 to 43.9 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 the Czech Republic had the 7th highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.

In a boost for international efforts to strengthen co-operation against offshore tax evasion, seven new countries have joined the agreement to exchange information automatically under the OECD/G20 standard.

This country note provides an environmental tax and carbon pricing profile for Australia. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

The Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) published today the first 10 outcomes of a new and enhanced peer review process aimed at assessing compliance with international standards for the exchange of information on request between tax authorities.

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.

The Australian standard GST rate is 10.0%, which is below the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. Australia has an extensive list of goods and services that are GST-free. GST was introduced in Australia in 2000 at a standard rate of 10.0% and has remained at this rate throughout.

This country note explains how Australia taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax wedge for the average single worker in Australia decreased by 1.0 percentage point from 28.9 in 2018 to 27.9 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Australia had the 30th lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

The Sales Tax Rate in Ukraine stands at 20 percent. In Ukraine, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Ukraine. This page provides - Ukraine Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.

This country note provides an environmental tax and carbon pricing profile for Japan. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

The fourth annual edition of Revenue Statistics in Asian Countries covers seven countries, including Kazakhstan for the first time. It shows that the tax-to-GDP ratio in all these countries are lower than the OECD average of 34.3% in 2015, which highlights that scope remains for increasing tax mobilisation, especially in Indonesia, Kazakhstan, Malaysia and the Philippines to achieve sustainable growth.

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.

The Japanese standard VAT (CT) rate is 8.0%, which is below the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. The previous standard VAT rate in Japan was 5% in 2013. It changed to the current level in 2014. Japan does not have any reduced rates.

International efforts to improve transparency via automatic exchange of information on financial accounts are improving tax compliance and delivering concrete results for governments worldwide, according to new data released today by the OECD.

This country note explains how Japan taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax wedge for the average single worker in Japan remained the same at 32.7 percentage points between 2018 and 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Japan had the 26th lowest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

The Sales Tax Rate in Luxembourg stands at 17 percent. Sales Tax Rate in Luxembourg averaged 15.57 percent from 2000 until 2020, reaching an all time high of 17 percent in 2015 and a record low of 15 percent in 2001. In Luxembourg, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Luxembourg. This page provides - Luxembourg Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Andorra stands at 4.50 percent. In Andorra, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the standard rate. Revenues from the Sales Tax Rate are an important source of income for the government of Andorra. This page provides - Andorra Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Guam stands at 2 percent. Sales Tax Rate in Guam averaged 3.14 percent from 2014 until 2020, reaching an all time high of 4 percent in 2015 and a record low of 2 percent in 2018. In Guam, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Guam. This page provides - Guam Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Guam stands at 21 percent. Corporate Tax Rate in Guam averaged 28 percent from 2015 until 2020, reaching an all time high of 35 percent in 2016 and a record low of 21 percent in 2018. In Guam, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Guam. This page provides - Guam Corporate Tax Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Furthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.

As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.

The Global Forum on Transparency and Exchange of Information for Tax Purposes has released peer review reports assessing the tax systems of 13 jurisdictions for information exchange.

This country note provides an environmental tax and carbon pricing profile for Austria. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.

The Austrian standard VAT rate is 20.0%, which is above the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. The previous standard VAT rate in Austria was 18% in 1983. It changed to the current level in 1984. Austria applies reduced VAT rates of 10% and 13% to a number of goods and services as well as one specific regional rates.

This country note explains how Austria taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax wedge for the average single worker in Austria increased by 0.3 percentage points from 47.6 in 2018 to 47.9 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Austria had the 4th highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

The Sales Tax Rate in Uruguay stands at 22 percent. Sales Tax Rate in Uruguay averaged 22.13 percent from 2006 until 2020, reaching an all time high of 23 percent in 2007 and a record low of 22 percent in 2008. In Uruguay, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Uruguay. This page provides - Uruguay Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In most OECD countries tax revenues are continuing to rise in relation to GDP from the 2008-09 declines seen at the beginning of the crisis, according to OECD’s annual Revenue Statistics. OECD countries collected about 34.0% of GDP in taxes in 2011, compared with 33.8% in 2010.

This stocktaking report profiles the tax treatment of funded private pension plans across all OECD and EU countries. The information refers to 2015 or the latest year with available data and covers all types of funded private pension plans in each country.

Furthering efforts to fight against international tax evasion and bank secrecy, members of the Global Forum on Transparency and Exchange of Information for Tax Purposes have issued 12 new peer review reports.

This country note provides an environmental tax and carbon pricing profile for Belgium. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

This publication provides detailed country notes on Value Added Tax/Goods and Services Tax (VAT/GST) and excise duty rates in OECD member countries.

A combination of market-based policies and a redistributive welfare state have boosted Belgium’s per-capita GDP to well above the average of OECD countries and raised well-being, according to a new OECD report.

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.