Are they major manufacturing countries?
25%
Major Taxes in the PRCCorporate income tax (“CIT”) - standard tax rate is 25%, but the tax rate could be reduced to 15% for qualified enterprises which are engaged in industries encouraged by the China government (e.g. New/high Tech Enterprises and certain integrated circuits production enterprises).
The national rate of corporate tax in Japan is around 23% and an additional 5-10% local tax rate is implemented. The table below summarizes the total tax rate for each bracket of taxable income in Japan according to the Japan External Trade Organization (JETRO).
The Corporate Tax Rate in South Korea stands at 27.50 percent. Corporate Tax Rate in South Korea averaged 29.92 percent from 1974 until 2024, reaching an all time high of 40.00 percent in 1975 and a record low of 24.00 percent in 2023. source: National Tax Service, South Korea.
Corporate Taxation in Germany
15 percent
All corporations are liable to corporate income tax. This is levied at a flat nationwide rate of 15 percent on the taxable profits of the company.