Delaware’s Business Tax Climate Balances Perfectly with Our Premier Legal and Regulatory Environment
Delaware is an excellent state for business taxes. The state has no sales tax, no personal property tax, no inventory tax, and no value-added tax (VAT). Delaware has a corporate income tax rate of 8.7%―one of the more competitive rates in the Mid-Atlantic―and transitioned to single sales factor apportionment, which rewards companies for investing in Delaware and reduces the tax liabilities of businesses that have significant property and payroll in the state. Thanks to this and our other pro-business advantages, more than a million businesses, including Fortune 500 companies like AT&T, Bank of America, Coca-Cola and Wal-Mart, have chosen to incorporate in Delaware.