List of countries by tax rates explained

A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on the main types of taxes: corporate tax, individual income tax, and sales tax, including VAT and GST and capital gains tax, but does not list wealth tax or inheritance tax.

Personal income tax includes all applicable taxes, including all unvested social security contributions. Vested social security contributions are not included as they contribute to the personal wealth and will be paid back upon retirement or emigration, either as lump sum or as pension. Only social security contributions without a ceiling can be included in the highest marginal tax rate as only those are effectively a tax for general distribution among the population.

Some other taxes (for instance property tax, substantial in many countries, such as the United States) and payroll tax are not shown here. The table is not exhaustive in representing the true tax burden to either the corporation or the individual in the listed country. The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective nation are in italics.

Tax rates by countries and territories

CountryCorporate tax (excl. dividend taxes)Individual income taxVAT or GST or Sales taxCapital gains tax[1] Inheritance/Estate TaxFurther reading
Lowest marginal rateHighest marginal rate
20%[2] 0%[3] 20%0%[4] However, in Taliban run areas pre-Taliban rule, small fees were illegally added to some groceries.[5] Taxation in Afghanistan
15%[6] 0%[7] 23%20%
6% [8]
15%Taxation in Albania
26%
19% [9]
0%[10] 35%19%
9% [11]
15% resident, 20% non-residentTaxation in Algeria
34% 4%[12] 6%[13] 0%[14] Taxation in American Samoa
10%[15] 0%[16] 10%4.5%
9.5%
2.5%, 1% or 0% [17]
Taxation in Andorra
30%[18] 0%17%10%10%Taxation in Angola
0%[19] 0%0%Taxation in Anguilla
25%[20] 0%[21] 15%[22]
35% for residents
15% for non residents[23]
9%35%21%15%Taxation in Argentina
18%[24] 22%22%20%10-20%Taxation in Armenia
25%[25] 7%58.95%1.5% Taxation in Aruba
30%
25% [26] [27]
0%45%[28] [29] 10%
0%
0-45% (Same as income tax rate)Taxation in Australia
25%[30] 0%55%20%
13%
10%
27.5%Taxation in Austria
20%[31] 14%25%18%25%Taxation in Azerbaijan
13.6% (available to SMEs and applicable up to a taxable profit of €15000)[32] 16.8% (general rate)0.0% (for monthly salaries up to €654) + social security charges[33] 36.2% (for monthly salaries above €25,200) + social security charges[34] 4% (reduced rate)9% (intermediate rate)

16% (standard rate)[35]

Taxation in Portugal
[36] 0%[37] 0%0% 12% Taxation in the Bahamas
0%[38] 0%10% (standard rate)
0% (essential goods)
Taxation in Bahrain
32.5%[39] 0%25%15%Taxation in Bangladesh
5.5%
3.0%
2.5%
1.0% [40]
25%38%17.5%
7.5%
Taxation in Barbados
[41] 20%48% (12% income tax, 1% mandatory insurance, 35% social security)48% (12% income tax, 1% mandatory insurance, 35% social security)20%
10%
Taxation in Belarus
25%[42] 55%
50%
60.45%
(13.07%
50% [43]
3-9% [44])
21%
12%
6%
Taxation in Belgium
0.75%
19%
0%25%12.5%0% (In general exempted, except in some specific cases)Taxation in Belize
35%10%35%18%Taxation in Benin
0%[45] 0%0%Taxation in Bermuda
26%0%25%[46] Taxation in Bhutan
29%0%25%13%Taxation in Bolivia
10%[47] 10%17%Taxation in Bosnia and Herzegovina
22%0%25%14%25%Taxation in Botswana



0%[48] 27.5% [49])20,03%-30,7% [50] 22.5%Taxation in Brazil
1% sole proprietorships and partnerships), 18.5% (all other businesses)[51] 0%0%Taxation in Brunei
10% 10%10%20% Taxation in Bulgaria
27.5%0%25%18%Taxation in Burkina Faso
[52] 35%0%35%18%Taxation in Burundi
20%0%20%10%Taxation in Cambodia
31.5%10%35%19.25%Taxation in Cameroon
26.5-31%
9-13% [53]
19% [54] to 27.53% [55] [56] [57] 54% to 44.5% 5% to 15% [58] 27%Taxation in Canada
25%16.5%27.5%15%Taxation in Cape Verde
0%[59] 0%0%[60] [61] Taxation in the Cayman Islands
30%[62] 50%19%Taxation in the Central African Republic
20%Taxation in Chad
[63] 27%[64] 0% 35% [65] 19%Taxation in Chile
25% [66] 15% [67] 0%45%[68] [69] 13% [70]
9%
6%
0%
20%Taxation in China
35%[71] 0%[72] 35%
39%
19%
5% or 0%
10%
20% [73]
Taxation in Colombia
35%Taxation in the Comoros
30%
20%
18.5%30%15%Taxation in the Cook Islands
35%0%40%20%
5%
Taxation in the Democratic Republic of the Congo
30%[74] 18.9%[75] Taxation in the Republic of the Congo
30%0%25%13%
4%
2%
1% [76]
Taxation in Costa Rica
18%
12%
12%40%25% [77]
13%
10%Taxation in Croatia
[78] 30%15%50%20%
2.5%
Taxation in Cuba
22%9.75%46.5%6%, 7% or 9%Taxation in Curaçao
12.5%0%35%19%
5% or 0%
20%Taxation in Cyprus
[79] [80] 19%[81] 20.1% [82] 45.7%
39%
21% [83]
15% or 10%
15%Taxation in the Czech Republic
[84] 22-25% (depending on business)39.8596% [85] [86] 52.07%[87] 25%42%Taxation in Denmark
25%Taxation in Djibouti
25%[88] 0%35%15%Taxation in Dominica
27%0%25%18%27%[89] Taxation in the Dominican Republic
10%Taxation in East Timor
25%[90] 0%35%12%
15%
0%
35%Taxation in Ecuador
[91] 22.5%
0%22.5%14%
10%
0%
Taxation in Egypt
30%0%30%13%Taxation in El Salvador
35%0%35%15%Taxation in Equatorial Guinea
34%Taxation in Eritrea
[92] 0% 6.9% 23.6% 24%
9%
20%Taxation in Estonia
27.5%33%15%Taxation in Eswatini
30%[93] 0%35%Taxation in Ethiopia
26%0%26%0%15%Taxation in the Falkland Islands
21%Taxation in Micronesia
20%[94] 0%20%9%Taxation in Fiji
20%[95] 0% [96]
(20% for unemployed)
66.75% [97] 24%
14%
10%
34%Taxation in Finland
25%0%49% [98] 20%
10%
5.5%
2.1%
30% (plus an additional 4% for high earners)Taxation in France
25%Taxation in French Polynesia
35%5%35%18%Taxation in Gabon
31%0%30%Taxation in the Gambia
30% approximately (15% Corporate tax (+ 5,5% solidarity surcharge) + 7% to 17% trade tax) [99] 33.6% (14% income tax + 19,6% social security contributions)19,6% (0% income tax if earning under €11,604 in year)45% income tax + 39,2% social security contributions up to €90,600 per year 19%
7%
25%Taxation in Germany
[100] 0% 20% 18%Taxation in Georgia
25%25%3%Taxation in Ghana
10%17%40%0%Taxation in Gibraltar
22%9% 44%24%
13%
6%
15%Taxation in Greece
28%Taxation in Grenada
25%5%7%12%Taxation in Guatemala
0%[101] 0% (if earning under £658.67 a month)[102] 20% (+ 6.6-11.3% Social Security)0%[103] Document duty charged on real estate transfers from estatesTaxation in Guernsey
35%Taxation in Guinea
35%Taxation in Guinea-Bissau
[104] 30%28% on Annual salary less than $1,560,000 GYD.[105] 40% on Annual salary above $1,560,000 GYD.14%
0%
Taxation in Guyana
30%[106] 0%30%[107] 10%Taxation in Haiti
25%Taxation in Honduras
[108] 16.5%
8.25%
0%15%0%Taxation in Hong Kong
9%15% (+ 18.5% social security +13% social contribution tax)27%
18%
5%
15%Taxation in Hungary
20%0% 46%24%
11%
22%Taxation in Iceland
22%
15%

[excludes surcharge & cess][109]

4% cess and highest surcharge of 25% is applied on income tax. This makes the effective tax rate 39%.

28%, 18%, 12%, 5%, 0% [110] [111] 20%Taxation in India
22%5%35%11%Taxation in Indonesia
25%0%35%9%
0%
Taxation in Iran
15%[112] 3%[113] 15%0-300%[114] Taxation in Iraq
12.5%20% 52% 23%
9–13.5%
0%
33%33% [115] Taxation in Ireland
0%10%22%https://www.gov.im/categories/tax-vat-and-your-money/income-tax-and-national-insurance/individuals/residents/rates-and-allowances/20%
5%
Taxation in the Isle of Man
23%[116] 0% (for monthly income under 6,330₪)50%17%
0%
25%Taxation in Israel
27.9% 23% 47% 22%
10%
4%
26%Taxation in Italy
25%Taxation in the Ivory Coast
33.3%
25%
0%25% 20%
16.5%
Taxation in Jamaica
[117] 29.74%[118] 15.105% 55% 10%
8%
20.315%Taxation in Japan
0%0%20%[119] 5%[120] Stamp duty on probate starting at £50, rising progressivelyTaxation in Jersey
20%0%25% [121] 16%Taxation in Jordan
20%10%10%
15%
13%Taxation in Kazakhstan
30%10%30%
35%
16%
12%
0%
Taxation in Kenya
35%Taxation in Kiribati
[122] 10%
0%
0%10%18%
8%
Taxation in Kosovo
16%
7.5% [123] Rate of 15% typically applies except for regions under Saudi control where it's 7.5% tax, plus add a possible 1% tax for Zakat
0%0%Taxation in Kuwait
[124] 25%0%20%4%
2%
Taxation in North Korea
10%[125] 10%12%
5%
1%
Taxation in Kyrgyzstan
35%Taxation in Laos
0% [126] 20%[127] 31.4%21%
12%
5% [128]
20%[129] Taxation in Latvia
17%2%25%11%Taxation in Lebanon
25%Taxation in Lesotho
25%[130] Taxation in Liberia
24.5%; 20% corporate tax plus a 4% Jehad tax plus a 0.5% tax on corporate income to pay for stamp duties[131] Taxation in Libya
[132] [133] 12.5%3%[134] 22.4%[135] 8.1%
3.8%
2.5% [136]
0% for share sales, 24% for real estateTaxation in Liechtenstein
15%[137] 31.2%42.77%21%
9%
5%
0%
15%Taxation in Lithuania
28.69% [138] 8%45.78% [139] 17%
3%
Taxation in Luxembourg
12%0%12%0%Taxation in Macau
20%Taxation in Madagascar
5% 13% (available to SMEs and applicable up to a taxable profit of €15000)

20% (general rate)

0,0% (for monthly salaries up to €659) + social security charges45.1% (for monthly salaries above €25,275) + social security charges5% (reduced rate)12% (intermediate rate)

22% (standard rate)[140]

Taxation in Madeira
30%Taxation in Malawi
24%
18%
0%30% [141] 10%
7%
5% [142]
Goods and Services Tax (Malaysia), Taxation in Malaysia
[143] 15%
8% [144]
0%0% for expatriates, 15% for nationals6%[145] Taxation in the Maldives
30%Taxation in Mali
35% (unless eligible for 30% rebate)0%35%18% (7% and 5% for certain goods and services)Taxation in Malta
0.8%
3%
0%12%[146] 4%
2%
Taxation in the Marshall Islands
25%Taxation in Mauritania
15%0%20%15%Taxation in Mauritius
30%[147] 1.92%35% 16%Taxation in Mexico
12%12%[148] 12% 20%
10%
Taxation in Moldova
0% [149] 0%[150] 19.6%
5.5%
[151]
Taxation in Monaco
10%10%10%Taxation in Mongolia
9%[152] [153] 9% 12.65% 15% for entrepreneurs on their worldwide income [154] 21%[155]
7% (essential goods - basic foodstufs, water, pharmaceuticals, books, tourism services, etc.)
0% (postal services, education, social security services, healthcare, insurance, etc.)
Taxation in Montenegro
20%Taxation in Montserrat
31%
10% [156]
0%38%20%
14%, 10%, 7% [157]
Taxation in Morocco
32%Taxation in Mozambique
22%Taxation in Myanmar
32%[158] 0%37%15%Taxation in Namibia
25%Taxation in Nauru
30% /
25% /
20%
0% 36% (Including 20% additional tax)[159] 13% [160]
288% [161]
Taxation in Nepal
25%
15%[162]
0% 49.50%[163] 21%
9%
25%Taxation in the Netherlands
28%10.5%[164] 39%[165] 15%Taxation in New Zealand
[166] 30%0%40%
25% [167]
Taxation in New Caledonia
30%Taxation in Nicaragua
30%[168] 7%Taxation in Niger
30%7%24%7.5%Taxation in Nigeria
0%12.5%Taxation in Niue
0%Taxation in Norfolk Island
10%10%18%18%
5%
Taxation in North Macedonia
[169] 23%[170] 0% (for yearly income under 70,000 NOK)46.4% 25%
15%
10%
22%0%Taxation in Norway
15%[171] [172] 0%5%Taxation in Oman
0% (for certain tech startup companies with a technology basis and other financial restrictions)[173]

29%[174]

0%(for income under PKR.600000/annum)35%17% +3%(for non-registered)
0%
Taxation in Pakistan
0%Taxation in Palau
15%5%15%14.5%Taxation in Palestine
25%0%27%7%
15%
10%
5%
Taxation in Panama
30%Taxation in Papua New Guinea
10%8%10%10%Taxation in Paraguay
30%0%30%16% +
2% +
0–118%
Taxation in Peru
Philippines30%0%35%12%
0%
Taxation in the Philippines
0%0%[175] 0%Taxation in the Pitcairn Islands
[176] 19% 9% (for income under 30.000 złotych per year)0% income tax [177]

9% Health Insurance(non-deductible)[178]

41% or 45%•32% Income tax

9% health insurance

•4% solidarity tax above 1.000.000 złotych per year[179]

Self-employed

23,9% or 27.9%(not deduction first 30.000 złotych)

19% flat income tax

•4,9% health insurance

•4% solidarity tax above 1 milion złotych

23%
8% or 5%
19%Taxation in Poland
21% (in mainland)14.5%64% 23%
13%
6%
28%https://taxsummaries.pwc.com/portugal/individual/income-determinationTaxation in Portugal
20%[180] 0% 33.34%11.5%Taxation in Puerto Rico
10%0%0%Taxation in Qatar
16% [181] 35% 45% 19%
9%
5%
10%Taxation in Romania
20%13%15% (for those earning more than 5 mil. roubles a year)[182] 35% for non-residents20%
10%
0%
Taxation in Russia
30%0%30%18%Taxation in Rwanda
33%[183] 0%Taxation in Saint Kitts and Nevis
0%0%0%0%Taxation in Saint Barthélémy
30%Taxation in Saint Lucia
20% Taxation in Saint Martin
33.3% Taxation in Saint Pierre and Miquelon
30%Taxation in Saint Vincent and the Grenadines
27%Taxation in Samoa
17%9%35%0%
17%
Taxation in San Marino
25%Taxation in São Tomé and Príncipe
0%[184] 0%0% 0%0%Document duty charged on real estate transfers from estates performed by a Guernsey AdvocateTaxation in Sark
[185] 2% (fully Saudi national owned businesses), 2-15% (taxed at Zakat rate for the Saudi percentage of ownership, 15% for all other ownership)0%15%Taxation in Saudi Arabia
25%0%50%20%Taxation in Senegal
[186] 15%[187] 10%25% [188] 20% [189] [190]
10% or 0%
15%Taxation in Serbia
33% 15%15%Taxation in the Seychelles
25%Taxation in Sierra Leone
17%[191] 0%22% 9%Taxation in Singapore
34.5%12.50%47.50%5%Taxation in Sint Maarten
21%
15%
21%25%[192] 20%
10%
25%Taxation in Slovakia
19%16%50%22% or 9.5% or 5% 27.5%Taxation in Slovenia
30%Taxation in the Solomon Islands
0% (no tax system in place so 0% applies in every category)[193] 0%0%0%Taxation in Somalia
28%[194] 0% 45%15%[195] 18%Taxation in South Africa
24.2%6% + 1.8%[196] 42%[197] + 11.4%10%Taxation in South Korea
30%Taxation in South Sudan
25% (in mainland)
4% (in)
0% (first €5,550 per year is tax free)47% 45-54% 6.45% + 30.4% 21%
10% or 4%
26% (residents)
19% (non-residents)
Taxation in Spain
30%
15%
0%36% 12%
8% or 0%
Taxation in Sri Lanka
5% (special exempt companies), 15% most other companies[198] Taxation in Sudan
36%[199] 8% 38%[200] Taxation in Suriname
16%[201] [202] 8%[203] 22%0%[204] 0%[205] 0%Taxation in Norway
20.6%[206] 32% 52% [207] [208] 25%
12% or 6% [209]
30%0%Taxation in Sweden
17.92%0%59.7%
10.6% [210]
11.5% [211]
28.025% [212]
9.69%
3.04%
8.1%
3.8% or 2.5%
Taxation in Switzerland
22%5%15%Taxation in Syria
20%[213] 5%40%5%[214] Taxation in Taiwan
[215] 13%
25%
5%13%
25%
18%Taxation in Tajikistan
30%15%30%14%Taxation in Tanzania
20%0%35%7%Taxation in Thailand
27%Taxation in Togo
0%Taxation in Tokelau
25%Taxation in Tonga
30%0%30%12.5%Taxation in Trinidad & Tobago
30%0%35%18%
12% or 6%
Taxation in Tunisia
25%15%40%20%
10%
1%
Taxation in Turkey
8%Taxation in Turkmenistan
0%Taxation in the Turks and Caicos Islands
30%Taxation in Tuvalu
30%[216] 18%[217] Taxation in Uganda
18% [218] 0% [219] 18%
20%
+ 22% [220]
2% Alternative VAT:20%
7% or 0%
Taxation in Ukraine
0% (free zone companies,[221] as well as mainland companies with less than 375,000 AED a year in profit,Markets – Gulf News">Web site: UAE to introduce 9% corporate tax on business profits from June 1, 2023 | Markets . Gulf News . 2022-01-31 . 2022-02-22 . https://web.archive.org/web/20220131235109/https://gulfnews.com/business/markets/uae-to-introduce-9-corporate-tax-on-business-profits-from-june-1-2023-1.1643627271956 . 31 January 2022 . dead. may need to fill out a tax return)

9% (for mainland companies with a net profit over AED 375,000 annually, taxation paid to other countries credited towards UAE taxation, tax return required)

Markets – Gulf News" />0%[222] 5%0%[223] Taxation in the United Arab Emirates
[224] 19-25%[225] 0% up to £12,570 [226] 63.25% (63.25% in 100k-125k band: 40% + 20% due to loss of tax free band until 125k + ~3% NI, excluding employer NI, back down to 45% + NI above 125k)

+ 2% Class I NI for over £4189 pm)47% (over £125,140)

20%
5%
0% [227]
28% for gains on residential property, 20% for other chargeable assets.[228] 40%[229] Taxation in the United KingdomNational Insurance
21%, up to 21% with credit of tax paid towards other countries 10% +
0–3.07% +
0–3.8398%
50.3% in California (37% [230] + 13.3%)11.5%
0%
20%18%-40% federal with offset against individual State Estate and Inheritence Taxes[231] Taxation in the United States
25%0%36% [232] 22%
11%
0%
Taxation in Uruguay
12%
20%
12%15%
0%
Taxation in Uzbekistan
0%0%0%0%Taxation in Vanuatu
34%0%34%16%
8%
Taxation in Venezuela
[233] 20%5%35%[234] 10%Taxation in Vietnam
0%[235] 0%Taxation in the British Virgin Islands
21–38.50%[236] Taxation in the United States Virgin Islands
0%0%0%0%Taxation in Wallis and Futuna
20%[237] 10%15%2%Taxation in Yemen
30%[238] 10%30%16%Taxation in Zambia
25%0%45%15%
0%
Taxation in Zimbabwe

See also

Notes and References

  1. Web site: Capital gains tax (CGT) rates .
  2. Web site: Big business has a solution for the budget deficit: Give us $12b. 26 April 2017. 4 May 2017. ABC News. Andrew. Robertson. 4 May 2017. https://web.archive.org/web/20170504041608/http://www.abc.net.au/news/2017-04-26/big-business-big-iidea-for-the-budget/8473224. live.
  3. Web site: Afghanistan – Income Tax. 14 June 2016. 4 May 2017. KPMG. https://web.archive.org/web/20170504041353/https://home.kpmg.com/xx/en/home/insights/2015/11/afghanistan-income-tax.html. 4 May 2017. dead. dmy-all.
  4. Web site: Afghan businesses feel squeeze from government tax drive. Reuters. 9 January 2017. 4 May 2017. James. Mackenzie. 4 May 2017. https://web.archive.org/web/20170504042419/http://www.reuters.com/article/us-afghanistan-taxation-idUSKBN14U09X. live.
  5. News: Taliban tax collectors help tighten insurgents' grip in Afghanistan . Reuters . 6 November 2018 .
  6. Web site: Archived copy . 2021-07-19 . 2021-07-19 . https://web.archive.org/web/20210719015959/https://files.taxfoundation.org/20201208152358/2020-Corporate-Tax-Rates-around-the-World.pdf . live .
  7. Web site: Albania – Taxes on personal income. PWC. 4 May 2017. 1 December 2016. 28 May 2017. https://web.archive.org/web/20170528213731/http://taxsummaries.pwc.com/ID/Albania-Individual-Taxes-on-personal-income. live.
  8. Web site: Albania cuts tourism tax to 6 pct. Xinhua News. 4 May 2017. 7 April 2017. 7 April 2017. https://web.archive.org/web/20170407060034/http://news.xinhuanet.com/english/2017-04/07/c_136188315.htm. live.
  9. Web site: Algeria Corporate Taxes on Income. PWC. 4 May 2017. 29 September 2017. https://web.archive.org/web/20170929062320/http://taxsummaries.pwc.com/ID/Algeria-Corporate-Taxes-on-corporate-income. live.
  10. Web site: Algeria Tax Guide 2013. PKF. 4 May 2017. 18 September 2017. https://web.archive.org/web/20170918211557/http://www.pkf.com/media/1944991/algeria%20pkf%20tax%20guide%202013.pdf. live.
  11. Web site: Algeria Other Taxes. PWC. 13 December 2016. 4 May 2017. 29 September 2017. https://web.archive.org/web/20170929062316/http://taxsummaries.pwc.com/ID/Algeria-Corporate-Other-taxes. live.
  12. Web site: Treasurer tells Fono wage tax should be repealed. 26 March 2014. Samoa News. 30 May 2017. 30 May 2017. https://web.archive.org/web/20170530000837/http://samoanews.com/treasurer-tells-fono-wage-tax-should-be-repealed?qt-photos_videos=1. live.
  13. Web site: American Samoa Investment Guide 2014. Office of the Governor. 30 May 2017. 30 May 2017. https://web.archive.org/web/20170530001123/http://www.doc.as/wp-content/uploads/2014/02/Investment-Guide-2014-reduced.pdf. live.
  14. Web site: 5% sales tax proposed for American Samoa. Radio New Zealand. 26 May 2015. 30 May 2017. 30 May 2017. https://web.archive.org/web/20170530001119/http://www.radionz.co.nz/international/pacific-news/274609/5-percent-sales-tax-proposed-for-american-samoa. live.
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