Tax Rates

List of countries by tax rates.

Country
Corporate
Tax
Individual
Income Tax (Low)
Individual
Income Tax (High)
VAT
or GST
Capital
Gain
Afghanistan20%0%20%
0%
N/A
Albania15%0%23%
20% (standard rate)
6% (tourism services)
N/A
Algeria26% (highest rate)
19% (lowest rate)
0%35%
19% (standard rate)
N/A
American Samoa34%4%6%
0%
N/A
Andorra10%0%10%
4.5% (standard rate)
9.5% (banking services)
2.5%, 1% or 0% (reduced rates)
N/A
Angola30%0%17%
10%
N/A
Anguilla0%0%0%
Taxation in Anguilla
Antigua and Barbuda25%0%15%
N/A
Argentina30% for residents and 15% for non residents since 20219%35%
21%
N/A
Armenia18%22%22%
20%
N/A
Aruba25%7%58.95%
1.5% (turnover tax)
N/A
Australia30% (standard rate)
26% (base entity rate)
0%45%
10% (standard rate)
0% (essential items)
50%
Austria25%0%55%
20% (standard rate)
13% (tourism services)
10% (basic items)
27.5%
Azerbaijan20%14%25%
18%
N/A
Bahrain0%0%10% (standard rate)0% (essential goods)
Taxation in Bahrain
BelizeN/A0%25%
12.5%
N/A
Bermuda0%0%0%
Taxation in Bermuda
Bhutan26%0%25%
N/A
N/A
Bolivia29%0%25%
13%
N/A
Bosnia and Herzegovina10%10%17%
Taxation in Bosnia and Herzegovina
Botswana22%0%25%
14%
N/A
Brunei20%0%N/A
Taxation in Brunei
Bulgaria10% (+ 5% on distribution of profit)10%10% + 18% social security fund tax
20% (9 percent on hotel and camping accommodation)
N/A
Burkina Faso27.5%0%25%
18%
N/A
Cambodia20%0%20%
10%
N/A
Canada26.5-31% (higher rate)
9-13% (lower rate)
19% (15% federal + 4% in Nunavut)44.5% (33% federal + 11.5% in Nunavut)
to 54% (33% federal + 21% in Nova Scotia)
5% (5% federal tax in Alberta)
to 15% (5% federal tax + 10% provincial tax in New Brunswick)
27%
Cape Verde25%16.5%27.5%
15%
N/A
Cayman Islands0%0%0%
Taxation in the Cayman Islands
Central African Republic30%N/A50%
19%
N/A
Cook Islands30% (highest rate)
20% (lowest rate)
18.5%30%
15%
N/A
Congo30%N/AN/A
18.9%
N/A
Costa Rica30%0%25%
13% (standard rate)
4% (private healthcare and plane tickets)
2% (medicines and private education)
1% (essential foods and agriculture)
N/A
Curaçao22%9.75%46.5%
6%, 7% or 9%
N/A
Dominica25%0%35%
15%
N/A
Dominican Republic27%0%25%
18%
N/A
Ecuador25%0%35%
12% (standard rate)
15% (luxury goods)
0% (exports)
35%
El Salvador30%0%30%
13%
N/A
Equatorial Guinea35%0%35%
15%
N/A
Falkland Islands26%0%26%
0%
N/A
Fiji20%0%20%
9%
N/A
Finland20%0% + 8.40% social security tax66.75% in Halsua for the members of the Orthodox Church of Finland (31.25% national tax rate + 23.5% municipal tax + 9.9% social security tax + 2.1% church tax)
24% (standard rate)
14% (food and fodder)
10% (medicines and public transport)
34%
France26.5% (on profits over €38,120)
15% (not over €38,120)
0%49% (45% + 4% tax on high incomes, or incomes over €500,000)
20% (standard rate)
10% (restaurants, transportation and tourism services)
5.5% (utilities)
2.1% (press)
30%
Gabon35%5%35%
18%
N/A
Gambia31%0%30%
N/A
N/A
Germany29.65%14% (€9,169 are free of income tax)47.475% (45% income tax + 5.5% solidarity surcharge based on the total tax bill)
19% (standard rate)
7% (reduced rate)
25%
GhanaN/AN/AN/A
3%
N/A
Gibraltar10%17%40%
0%
N/A
Greece22%9% (zero tax for annual income under €8633,33)44%
24% (standard rate)
13% (food, health and tourism services)
6% (theater tickets, books and medicine)
VAT is reduced by 30% for the islands of Leros, Lesvos, Kos, Samos, Chios (i.e., 17%, 9%, 4%).
15%
Guernsey0%0%20%
0%
N/A
Haiti30%0%30%
10%
N/A
Hungary9%15%27% (standard rate)
18% (reduced rate)
5% (milk, egg, pork, chicken meat, internet service, restaurant services, medicines and books)
15%
Taxation in Hungary
India22% (highest)
15% (lowest)
[inclusive of surcharge & cess]
0% ₹ 0 - 250,000 5% ₹ 250,001 - 500,000 20% ₹ 500,001 - 1,000,000 Scheme I (with deductions) 0% ₹ 0 - 500,000 10% ₹ 500,001 - 750,000 15% ₹ 750,001 - 1,000,000 20% ₹ 1,000,001 - 1,250,000 25% ₹ 1,250,001 - 1,500,000 Scheme II (without deductions)30% ₹ 1,000,001 & + Scheme I (with deductions) 30% ₹ 1,500,001 & + Scheme II (without deductions)
4% cess and highest surcharge of 37% is applied on income tax. This makes the effective tax rate 42.74%.
28%, 18%, 12%, 5%, 0% (varies by commodity; see GST rates in India)
15%
Indonesia22%5%35%
11%
N/A
Iran25%0%35%
9% (highest rate)
0% (reduced rate)
N/A
Iraq15%3%15%
0-300%
N/A
Ireland12.5%20% (first €1,650 per year is deductible)52% (40% income tax + 12% social insurance contributions on incomes above €70,000)
23% (goods)
9%–13.5% (services)
0% (certain items of food)
33%
Isle of Man0%10%20%
20% (standard rate)
5% (home renovations)
N/A
Israel23%0% (for monthly income under 6,330₪)50%
17% (standard rate)
0% (fruits, vegetables and public transport)
25%
Italy27.9% (24% + 3.9% (municipal)
)
from 23% (first €8,500 per year is deductible)
to 43%
47% (43% income tax + 4% special added tax)
22% (standard rate)
10% (reduced rate)
4% (food and books)
27.5%
Jamaica33.3% (standard rate)
25% (reduced rate for small companies)
0%25% (on income over J$1,500,000)
20% (services)
16.5% (goods)
N/A
Kenya30%10%30% (for citizens)
35% (for non-citizens)
16% (standard rate)
12% (electricity and fuel)
0% (food)
N/A
Kuwait0%0%0%
Taxation in Kuwait
Kyrgyzstan10%10%12% (standard rate)
5% (highest rate)
1% (lowest rate)
Taxation in Kyrgyzstan
Latvia0% (20% on distribution of profit)20%31.4%
21% (standard rate)
12% (Medical products, domestic public transport)
5% (Fresh fruits and vegetables, books, newspapers)
N/A
Liberia25%N/AN/A
N/A
N/A
Luxembourg28.69% (17% income tax + 1.19% unemployment fund contribution + 6.0-10.5% municipal trade tax8%45.78% (42%
17% (standard rate)
3% (reduced rate)
N/A
Malta35% (unless eligible for 30% rebate)0%35%
18% (7% and 5% for certain goods and services)
N/A
Marshall IslandsN/A0%12%
4% (highest rate)
2% (lowest rate)
N/A
Mauritius15%10%15%
15%
N/A
Monaco28%0%19.6% (highest rate)
5.5% (lowest rate)
Taxation in Monaco
Mongolia10%10%10%
Taxation in Mongolia
Montenegro9%9% (first €720)12.65% (11% national tax + 15% municipality surtax on income tax)
21%7% (essential goods - basic foodstufs, water, pharmaceuticals, books, tourism services, etc.)0% (postal services, education, social security services, healthcare, insurance, etc.)
N/A
Morocco31% (highest rate)
10% (lowest rate)
0%38%
20% (standard rate)
14%, 10%, 7% (reduced rates)
N/A
Namibia32%0%37%
15%
N/A
Nepal30% (higher rate for financial companies)
/25% (standard rate)
/20% (reduced rate for manufacturing companies)
(+ 5% on profit distribution + 10% mandatory bonus to employees)
0% + 1% social security tax36% (Including 20% additional tax)
13% (standard rate)
N/A
Netherlands25% (on profits over €245,001)
15% (not over €245,000)
37.07% (first €21,103 per year is deductible)49.50% + reduction of deductions (arbeidskorting and general korting)
21% (standard rate)
9% (essential and selected goods)
25%
New Zealand28%10.5%39%
15%
N/A
Niger30%N/AN/A
7%
N/A
Nigeria30%7%24%
7.5%
N/A
NiueN/AN/AN/A
12.5%
N/A
Oman15%0%5%
Taxation in Oman
Pakistan0% (for certain tech startup companies with a technology basis and other financial restrictions)29%0%(for income under PKR.600000/annum)35%
17% +3%(for non-registered) (standard GST rate)
0% (basic food items)
Special Tax cuts for Construction sector .
N/A
Panama25%0%27%
7% (standard rate)
15% (tobacco)
10% (alcohol and hotels)
5% (essential goods)
N/A
Paraguay10%8%10%
10%
N/A
Philippines30%0%35%
12% (standard rate)
0% (reduced rate)
N/A
Pitcairn IslandsN/A0%N/A
Taxation in Pitcairn Islands
Puerto Rico20%0% (16% proposed)33.34%
11.5%
N/A
Romania16% (or 1% revenue for micro-entities with at least one employee, or 3% for micro-enterprises with no employees)35% 25% social security (CAS)10% health insurance (CASS)0% income tax for IT workers, people with disabilities45% 25% social security (CAS)10% health insurance (CASS)10% income tax after CAS and CASSSelf employed (PFA):25% CAS if earning more than 12 minimum wages in a year10% CASS, taxable sum capped at 12 minimum wages per year, e.g. you pay a maximum of 2280 RON as CASS contribution in 2018 if you earn over RON 22,800 for the whole year)10% income tax
19% (standard rate)
9% ((food, medicines, books, newspapers and hotel services)
5% (reduced rate)
10%
Rwanda30%0%30%
18%
N/A
Saint Kitts and Nevis33%0%N/A
Taxation in Saint Kitts and Nevis
San Marino17%12%50%
0% (standard rate)
17% (imported goods)
N/A
Seychelles33%15%15%
Taxation in Seychelles
Singapore17%0%22% (+ 20% tax on pension)
7%
N/A
Slovakia21% (on profits over €100,000)
15% (profits under €100,000)
21%25%
20% (standard rate)
10% (books and medicines)
25%
South Africa28%0% (below threshold)45%
15%
N/A
Suriname36%8% (first SRD2,646 per year is deductible)38%
N/A
N/A
Sweden20.6%32% (first US$1,930 per year is deductible)52% (32% average municipality income tax + 20% state income tax)
25% (standard rate)
12% or 6% (reduced rate)
N/A
Tanzania30%15%30%
18%
N/A
Thailand20%0%35%
7%
N/A
Trinidad and Tobago30%0%30%
12.5%
N/A
Uganda30%N/AN/A
18%
N/A
Ukraine18%0%18% (common rate)
20% (some activities)
20% (standard rate)
7% or 0% (reduced rates)
N/A
United Arab Emirates0% (until 31 May 2023)0% (free zone companies, may need to fill out a tax return)0% (from 1 June 2023, for mainland companies with net profit under AED 375,000, may need to still fill out tax return)9% (from 1 June 2023 for mainland companies with a net profit over AED 375,000 with taxation paid to other countries credited towards UAE taxation, tax return required)0%0%
0%
Taxation in United Arab Emirates
United States21% (federal)10% (federal)
+0%–3.07% (state)
+0%–3.8398% (local)
(federal standard deduction of 12550 USD for single taxpayers)
51.6% in Portland, Oregon (37% federal tax
)
11.5% (highest prevailing marginal state and local sales tax rate)
0% (lowest prevailing marginal rate)
20%
British Virgin Islands0%0%N/A
Taxation in the British Virgin Islands
U.S. Virgin Islands10%
Taxation in United States Virgin Islands
Yemen20%10%15%
2%
N/A
Zambia30%10%30%
16%
N/A
Zimbabwe25%0%45%
15% (standard rate)
0% (on selected items)
N/A

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