A government's levy taxes on the net income, profits, and capital gains of enterprises are called corporate income tax (CIT). On average, corporate income tax makes up about 4% of GDP in OECD countries.
According to the OECD, among 27 European countries (22 EU members plus the UK, Switzerland, Norway, Iceland, and Turkey), the share of corporate income tax in total tax revenues in 2023 ranged from 4.2% in Latvia to 28.3% in Norway, based on the most recent data.
