Corporate income tax (CIT) … rates Combined corporate income tax rate in Greenland
Greenland: Corporate income tax (CIT) … rates Combined corporate income tax rate was 26.5 Percentage of taxable income in 2026. ▼ Falling
Corporate income tax (CIT) - statutory and targeted small business in Greenland, 2000–2026
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
In 2026, corporate income tax (cit) - statutory and targeted small business in Greenland stood at 26.5 Percentage of taxable income. That is the lowest value across all 27 years on record.
Compared with earlier readings it is down 16.7% over ten years.
Over the whole period, corporate income tax (cit) - statutory and targeted small business in Greenland peaked at 37.1 Percentage of taxable income in 2000 and was at its lowest, 26.5 Percentage of taxable income, in 2020.
That places Greenland 40th out of 128 countries with data for 2026, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Corporate income tax (CIT) … rates Combined corporate income tax rate in Greenland, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2000 | 37.1 Percentage of taxable income | — |
| 2001 | 37.1 Percentage of taxable income | +0.0% |
| 2002 | 37.1 Percentage of taxable income | +0.0% |
| 2003 | 37.1 Percentage of taxable income | +0.0% |
| 2004 | 37.1 Percentage of taxable income | +0.0% |
| 2005 | 37.1 Percentage of taxable income | +0.0% |
| 2006 | 37.1 Percentage of taxable income | +0.0% |
| 2007 | 31.8 Percentage of taxable income | -14.3% |
| 2008 | 31.8 Percentage of taxable income | +0.0% |
| 2009 | 31.8 Percentage of taxable income | +0.0% |
| 2010 | 31.8 Percentage of taxable income | +0.0% |
| 2011 | 31.8 Percentage of taxable income | +0.0% |
| 2012 | 31.8 Percentage of taxable income | +0.0% |
| 2013 | 31.8 Percentage of taxable income | +0.0% |
| 2014 | 31.8 Percentage of taxable income | +0.0% |
| 2015 | 31.8 Percentage of taxable income | +0.0% |
| 2016 | 31.8 Percentage of taxable income | +0.0% |
| 2017 | 31.8 Percentage of taxable income | +0.0% |
| 2018 | 31.8 Percentage of taxable income | +0.0% |
| 2019 | 31.8 Percentage of taxable income | +0.0% |
| 2020 | 26.5 Percentage of taxable income | -16.7% |
| 2021 | 26.5 Percentage of taxable income | +0.0% |
| 2022 | 26.5 Percentage of taxable income | +0.0% |
| 2023 | 26.5 Percentage of taxable income | +0.0% |
| 2024 | 26.5 Percentage of taxable income | +0.0% |
| 2025 | 26.5 Percentage of taxable income | +0.0% |
| 2026 | 26.5 Percentage of taxable income | +0.0% |
Greenland compared with similar countries
- Greenland's 26.5 Percentage of taxable income is above the median for high income countries, which is 21.5 Percentage of taxable income, 1.2× the median. (60 countries reporting)
- Greenland's 26.5 Percentage of taxable income is above the median for Europe & Central Asia, which is 19.74 Percentage of taxable income, 1.3× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.51 Percentage of taxable income | 31.8 Percentage of taxable income | 37.1 Percentage of taxable income | 10 |
| 2010s | 31.8 Percentage of taxable income | 31.8 Percentage of taxable income | 31.8 Percentage of taxable income | 10 |
| 2020s | 26.5 Percentage of taxable income | 26.5 Percentage of taxable income | 26.5 Percentage of taxable income | 7 |
Countries ranked near Greenland
More economy & growth data for Greenland
- Gross national expenditure (current US$), per unit of GDP 1.1 current US$ per US$ of GDP (2023)
- Gross national expenditure (current LCU), per unit of GDP 7.6 current LCU per US$ of GDP (2023)
- General government final consumption expenditure (current LCU), per 168,109 current LCU per person (2023)
- Gross national expenditure (current LCU), annual growth rate 1.37 % change on previous year (2023)
- Gross national expenditure (current US$), per capita 64,520 current US$ per person (2023)
- Gross national expenditure (current US$), annual growth rate 4.12 % change on previous year (2023)
- Final consumption expenditure (constant 2015 US$), per unit of GDP 0.6895 constant 2015 US$ per US$ of GDP (2023)
- Final consumption expenditure (constant 2015 US$), per capita 40,333 constant 2015 US$ per person (2023)
- Gross national expenditure (current LCU), per capita 444,525 current LCU per person (2023)
- General government final consumption expenditure (constant 2015 US$) 2.17 % change on previous year (2023)
Frequently asked questions
- What is corporate income tax (cit) - statutory and targeted small business in Greenland?
- Corporate income tax (cit) - statutory and targeted small business in Greenland was 26.5 Percentage of taxable income in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest corporate income tax (cit) - statutory and targeted small business recorded in Greenland?
- The highest recorded value was 37.1 Percentage of taxable income in 2000.
- What is the lowest corporate income tax (cit) - statutory and targeted small business recorded in Greenland?
- The lowest recorded value was 26.5 Percentage of taxable income in 2020.
- How does Greenland rank for corporate income tax (cit) - statutory and targeted small business?
- Greenland ranks 40th out of 128 countries with data for 2026.
- Is corporate income tax (cit) - statutory and targeted small business rising or falling in Greenland?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is falling.
- Where does this Greenland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Corporate income tax (CIT) - statutory and targeted small business rates — Combined corporate income tax rate. Statizoid updates them automatically from the source API.
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About this data
Statutory and targeted, sub-central and combined corporate income tax (CIT) rates. Targeted rates of 'small incorporated business' are on the basis of size alone (e.g. number of employees, amount of assets, turnover or taxable income) and not on the basis of expenditures or other targeting criteria. Targeted rates data are only available for OECD member countries.