BDO Corporate Tax News

The following corporate and withholding tax rate changes apply as from 1 January 2026 (unless otherwise noted).
 

Jurisdiction	Rate	Comments
Angola	35%	A new corporate income tax of 35% applies on the profits of financial institutions, insurance companies, telecom operators and parts of the oil industry. The 25% rate continues to apply to other taxpayers.
Bhutan	22%/10%	The corporate tax rate reduced from 30% to 22% and a 10% withholding tax applies to dividend income exceeding BTN 300,000 per year and interest income from fixed deposits exceeding the same amount.
Cape Verde	20%	The corporate income tax rate dropped from 21% to 20% on 1 January 2026 and will further drop to 15% by 2030.
Chad	15%	The withholding tax on capital income paid to nonresident individuals and entities is reduced from 18% to 15%, except for residents of the Economic and Monetary Community of Central Africa, which are granted reduced rates; and the withholding tax rate on rental income is reduced from 15% to 10% for resident individuals.
Cyprus	15%/5%	The corporate income rate increased to 15% from 12.5% and the deemed dividend distribution rule is repealed, thus allowing the full retention of profits. In addition, the withholding tax on dividends paid to Cyprus tax resident and domiciled individuals is reduced from 17% to 5%.
Estonia	22%	The government announced on 18 September 2025 that the planned increase in the income tax rate from 22% to 24% was being abandoned.
Kazakhstan	25%	The standard corporate income tax remains at the rate of 20% but a higher rate of 25% applies to the banking sector and gambling businesses. A 10% rate applies to entities engaged in education and medicine activities and a lower rate of 5% applies to entities engaged in social activities (increasing to 10% in 2027). A 3% or 6% rate applies to agricultural producers depending on their activities.
Korea	25%	The 24% corporate income tax rate reverted to the 2022 25% rate (the rate increased 1% for all four of the corporate tax brackets).
Liberia	2%	Parliament has approved a 2% presumptive corporate income tax for major concession agreements but the proposal still must be signed by the president before it becomes effective. The normal 25% corporate tax remains unchanged. The presumptive tax is designed to ensure that large operators contribute to national development.
Lithuania	17%	The standard corporate tax rate increased from 16% to 17% and the reduced rate increased from 6% to 7%.
San Marino	18%	The corporate income tax rate increased from 17% to 18% for fiscal years 2026, 2027, 2028, 2029 and 2030.
Papua New Guinea	15%	A new 15% capital gains tax applies on the disposal of designated taxable assets related to extractive industries, such as resource rights or information relating thereto, membership interests, etc.
Portugal	15%/19%	The corporate income tax rates for SMEs and "small mid cap" companies dropped from 16% to 15% on the first EUR 50,000 of taxable income, and from 20% to 19% for other companies. The latter rate is expected to be further reduced to 18% in 2027 and 17% in 2028.
Sierra Leone	30%	The corporate income tax rate increased from 25% to 30%.
Slovenia	22%	The five-year temporary increase in the corporate income tax rate from 19% to 22% is unchanged. The rate increased in 2024, with the higher rate planned to be in effect until 2028.
Ukraine	50%	The corporate income tax rate on banks for 2026 is increased to 50% and banks may not deduct losses carried forward in 2026.
Uzbekistan	15%	There is a proposal to raise the corporate tax rate for companies engaged in e-commerce of goods, works and services (marketplaces, online stores, subscription services, etc.) from 10% to 15% but the bill has not yet been approved.
United States	10.5%	The base erosion and anti-abuse tax (BEAT) increases from 10% to 10.5% (previously slated to increase to 12.5%) for tax years after 31 December 2025.
Zimbabwe	15%	The national budget for 2026 includes the reinstatement of a 15% withholding tax on interest income paid to nonresidents.