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Table of Contents
List of corporate tax rates Country by Country in the Middle East 2023
Introduction
The Middle East is a region that has experienced rapid economic growth in recent years. Businesses operating in this region need to know corporate tax rates to plan their tax strategy. In this article, we are going to look at the corporate tax rates country by country in the Middle East for the year 2023.
Corporate tax rates in the Middle East
Saudi Arabia
Saudi Arabia is the largest country in the Middle East region and has a diverse economy. The corporate tax rate in Saudi Arabia is 20%. However, companies that operate in the energy and petrochemical sectors are subject to a tax rate of 50%.
Bahrain
Bahrain is a small island country located in the Persian Gulf. The corporate tax rate in Bahrain is 0%. This means that companies do not pay corporation tax. However, companies that operate in the energy and petrochemical sectors are subject to a tax rate of 46%.
United Arab Emirates
The United Arab Emirates is a federation of seven emirates located in the Persian Gulf. The corporate tax rate in the United Arab Emirates is 20%. However, companies operating in free zones are subject to a 0% tax rate.
Iran
Iran is a country located in Western Asia. The corporate tax rate in Iran is 25%. However, companies operating in free zones are subject to a 0% tax rate.
Iraq
Iraq is a country located in West Asia. The corporate tax rate in Iraq is 15%. However, companies that operate in the energy and petrochemical sectors are subject to a tax rate of 35%.
Israel
Israel is a country located in West Asia. The corporate tax rate in Israel is 23%. However, companies operating in free zones are subject to a 0% tax rate.
Jordan
Jordan is a country located in Western Asia. The corporate tax rate in Jordan is 20%. However, companies operating in free zones are subject to a tax rate of 5%.
Kuwait
Kuwait is a small country located in the Persian Gulf. The corporate tax rate in Kuwait is 15%. However, companies that operate in the energy and petrochemical sectors are subject to a tax rate of 55%.
Lebanon
Lebanon is a small country located in West Asia. The corporate tax rate in Lebanon is 17%. However, companies operating in free zones are subject to a 0% tax rate.
Oman
Oman is a country located in the Arabian Peninsula. The corporate tax rate in Oman is 15%. However, companies that operate in the energy and petrochemical sectors are subject to a tax rate of 55%.
Qatar
Qatar is a small country located in the Persian Gulf. The corporate tax rate in Qatar is 10%. However, companies that operate in the energy and petrochemical sectors are subject to a tax rate of 35%.
Syria
Syria is a country located in Western Asia. The corporate tax rate in Syria is 28%. However, companies operating in free zones are subject to a 0% tax rate.
Turkey
Turkey is a country located on the border between Europe and Asia. The corporate tax rate in Turkey is 22%. However, companies operating in free zones are subject to a 0% tax rate.
Yemen
Yemen is a country located in Western Asia. The corporate tax rate in Yemen is 20%. However, companies that operate in the energy and petrochemical sectors are subject to a tax rate of 35%.
Conclusion
In conclusion, corporate tax rates vary significantly from country to country in the Middle East. Companies that operate in this region must be aware of the applicable tax rates in each country to plan their tax strategy. Companies that operate in the energy and petrochemical sectors are often subject to higher tax rates than other companies. Free zones often offer tax advantages to companies operating there.
