Current Corporate Tax Rate 2024. Us vice president kamala harris is proposing to increase the corporate tax rate to 28% from 21% if she wins a november election against republican rival donald. The corporate income tax (cit) rate applicable to an indian company and a foreign company for the tax year 2022/23 is as follows:
The government has reduced the corporate tax rate on foreign companies from 40% to 35%, announced finance minister nirmala sitharaman on tuesday while. She unveiled a proposal to reduce the.