Highest Latin America Taxes: Brazil, Argentina

Brazil, here represented by the popular business office complex Nações Unidas in Sao Paulo, has one of the highest corporate tax rates in Latin America. (Photo: Tatiana Sapateiro)

Paraguay and Chile have the lowest rates.


Brazil is among the four countries in Latin America with the highest corporate tax rates, according to a Latinvex analysis of data for 20 nations from KPMG and the Heritage Foundation.

Only two countries – Argentina and Honduras – have higher rates than Brazil. Meanwhile, Venezuela has the same high rate as Brazil.

On the opposite end are countries like Paraguay and Chile.

Mexico’s rate is ...

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Keywords: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela

CHART: Corporate tax rates 2012 for 20 countries in Latin America

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