HowMuchBusiness.Tax

South America Business Tax Rates (2026)

Latin American economies with territorial regimes, high VAT and fast-changing reform agendas.

Countries covered

9

Average corporate rate

27.3%

Lowest / highest

10% / 35%

Paraguay / Argentina

CountryCorporate taxTop income taxVAT / GSTCapital gains
Argentina35%35%21%15%
Bolivia25%13%13%n/a
Brazil34%27.5%17%15%
Chile27%35%19%35%
Colombia35%35%19%10%
Ecuador25%35%15%0%
Paraguay10%10%10%10%
Peru29.5%30%18%5%
Uruguay25%36%22%12%
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