Malaysia vs Trinidad and Tobago: Paying taxes: Total tax and contribution rate
Paying taxes: Total tax and contribution rate over time
- Malaysia
- Trinidad and Tobago
How they compare
Trinidad and Tobago currently reports 40.5% against 38.7% in Malaysia, a difference of 1.8%.
The two have swapped places 4 times across 15 shared years of data; in 2005 it was Trinidad and Tobago ahead.
Malaysia ranks 83rd and Trinidad and Tobago ranks 80th of 190 countries.
Across the 2 decades both report, Malaysia averaged higher in 1 and Trinidad and Tobago in 1.
Head to head by decade
| Decade | Malaysia | Trinidad and Tobago | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 35.2% | 37.2% | 2.0% | Trinidad and Tobago |
| 2010s | 37.8% | 34.1% | 3.7% | Malaysia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: total tax and contribution rate, Malaysia or Trinidad and Tobago?
- Trinidad and Tobago, at 40.5% against 38.7% in Malaysia as of 2019.
- What is the difference in paying taxes: total tax and contribution rate between Malaysia and Trinidad and Tobago?
- 1.8%, with Trinidad and Tobago ahead.
- How many years of comparable data are there for Malaysia and Trinidad and Tobago?
- 15 years are reported by both, from 2005 to 2019.
- How do Malaysia and Trinidad and Tobago rank globally for paying taxes: total tax and contribution rate?
- Malaysia ranks 83rd and Trinidad and Tobago ranks 80th of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Total tax and contribution rate (% of profit). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The total tax and contribution rate measures the amount of taxes and mandatory contributions borne by the business in the second year of operation, expressed as a share of commercial pro?t. The total amount of taxes and contributions borne is the sum of all the different taxes and contributions payable after accounting for allowable deductions and exemptions. The taxes withheld (such as personal income tax) or collected by the company and remitted to the tax authorities (such as VAT, sales tax or goods and service tax) but not borne by the company are excluded.