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List:Kenya Ranked 3rd in Africa With Highest Corporate Tax

Corporate tax rates vary across the globe and reflect the unique economic needs of every country. Countries rich in natural resources, for example, often generate a bulk of their tax revenue from high corporate taxes on oil and natural gas companies, allowing other industries to operate in a relatively low-tax environment.

While Africa has some of the least competitive tax rates of any continent, there is still a high degree of variation among the countries.

1.Nigeria – $30,000

While Nigeria’s economy has been affected in recent years and inflation has further affected the country, it still maintains a really high corporate tax rate at 30%.

2.South Africa – $28000

South Africa’s average tax rate for corporations has consistently hovered at the 28% mark over the past decade.

3.Kenya

East Africa has multiple entries in the list of countries with the highest corporate tax rates, and Kenya kicks off this list.

4.Ethiopia – $30,000

Ethiopia is another East African country with a really high corporate tax rate in the region.

5.Ghana – $25,000

Ghana’s average tax rate for corporations has consistently hovered at the 25% mark over the past decade.

6.Cote d’Ivoire – $25000

On average, the corporate tax rate for Cote d’Ivoire is 25.0%, roughly in line with the global average.

7.Angola – $25,000

The government generates the bulk of its revenue from national oil and gas companies and, as a result, offers low corporate tax rates.

8.Tanzania – $30,000

While East Africa has some of the highest corporate tax rates in Africa, there is still a high degree of variation among countries in the region. In Tanzania, the average tax rate is over 30%

9.DR Congo – $30,000

10.Cameroon – $30,800

The corporate tax rate in Cameroon has increased to 30.8% and has remained at the same level ever since, making it one of the countries with the highest corporate tax rates.

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