In 2020, the tax rate for medium sized businesses in China was the highest at approximately 59.2 percent of all commercial profits. Contrastingly, the tax rate for medium sized businesses in Brunei was just eight percent of all profits in 2020.
Total tax rate as a percentage of profits for medium sized businesses in the Asia-Pacific region in 2020, by country or territory
As per the source, the total tax rate measures the amount of taxes payable by medium-size businesses after accounting for deductions and exemptions, expressed as a share of commercial profits. The taxes withheld (such as sales or value added tax or personal income tax) but not paid by the company are excluded. The total tax rate is designed to provide a comprehensive measure of the cost of all the taxes a business bears.
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World Bank. (December 7, 2021). Total tax rate as a percentage of profits for medium sized businesses in the Asia-Pacific region in 2020, by country or territory [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/730714/asia-pacific-total-tax-rate-for-medium-sized-businesses-by-country/
World Bank. "Total tax rate as a percentage of profits for medium sized businesses in the Asia-Pacific region in 2020, by country or territory." Chart. December 7, 2021. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/730714/asia-pacific-total-tax-rate-for-medium-sized-businesses-by-country/
World Bank. (2021). Total tax rate as a percentage of profits for medium sized businesses in the Asia-Pacific region in 2020, by country or territory. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/730714/asia-pacific-total-tax-rate-for-medium-sized-businesses-by-country/
World Bank. "Total Tax Rate as a Percentage of Profits for Medium Sized Businesses in The Asia-pacific Region in 2020, by Country or Territory." Statista, Statista Inc., 7 Dec 2021, https://www.statista.com/statistics/730714/asia-pacific-total-tax-rate-for-medium-sized-businesses-by-country/
World Bank, Total tax rate as a percentage of profits for medium sized businesses in the Asia-Pacific region in 2020, by country or territory Statista, https://www.statista.com/statistics/730714/asia-pacific-total-tax-rate-for-medium-sized-businesses-by-country/ (last visited November 18, 2024)
Total tax rate as a percentage of profits for medium sized businesses in the Asia-Pacific region in 2020, by country or territory [Graph], World Bank, December 7, 2021. [Online]. Available: https://www.statista.com/statistics/730714/asia-pacific-total-tax-rate-for-medium-sized-businesses-by-country/
