List
This is a list of tax rates around the world. It focuses on three types of taxes: corporate taxes, individual taxes and sales taxes (Value Added Taxes (VAT) and Goods and Services Taxes (GST)). Some other taxes (for instance property tax, substantial in many countries, such as USA) are not shown here. The table is not intended to represent the true tax burden to either the corporation or the individual in the listed country. Note that no distinction is made between "true" taxes, that pay for the government's general budget, and fees paid for specific social benefits such as health insurance or retirement pay. The ways these benefits are paid and defined vary by country, and the benefits paid for also vary by country.
| Country/Region | Corporate | Individual (min) | Individual (max) | Payroll tax (usually reduces taxable income) | VAT / GST / Sales | Primary tax articles |
|---|---|---|---|---|---|---|
| Afghanistan | 20% | 70002000000000000002% to 5% | Taxation in Afghanistan | |||
| Albania | 10% | 700120000000000000020% | Tax system in Albania | |||
| Algeria | 19% | 0% | 35% | 700117000000000000017% or 14% or 7% | Taxation in Algeria | |
| Andorra | 10% | 0% | 0% | 70004500000000000004.5% or 1% | Taxation in Andorra | |
| Angola | 35% | 1% | 42.75% | 700110000000000000010% | Taxation in Angola | |
| Argentina | 35% | 9% | 35% | 700121000000000000021% | Taxation in Argentina | |
| Armenia | 20% | 700120000000000000020% | Taxation in Armenia | |||
| Aruba | 28% | Taxation in Aruba | ||||
| Australia | 30% | 0% | 45%
1.5% (Medicare levy) |
4.75-6% (state) | 700110000000000000010% GST (0% on essential items) |
|
| Austria | 25% | 21% | 50% | 700120000000000000020% | Taxation in Austria | |
| Azerbaijan | 20% | 0% | 25% | 700118000000000000018% | Taxation in Azerbaijan | |
| Bahamas | 0% | 0% | 0% | 3.9% by employee, 5.9% by employer | 0% | Taxation in The Bahamas |
| Bangladesh | 0–45% | 0% | 25% | 700115000000000000015% | Taxation in Bangladesh | |
| Barbados | 25% | 25% | 35% | 700115000000000000015% (hotel accommodation 7.5%) | Taxation in Barbados | |
| Belarus | 18% | 12% | 12% | 35% | 700120000000000000020% or 10% | Taxation in Belarus |
| Belgium | 33.99% | 25% | 50% | 700121000000000000021% (6% for essential and selected goods) | Taxation in Belgium | |
| Benin | 35% | 35% | 700118000000000000018% | Taxation in Benin | ||
| Bhutan | 0% | 25% | Taxation in Bhutan | |||
| Bolivia | 25% (IUE: on profits) – 3% (IT: income resulting from transactions) | 0% | 13% | 13% (RC-IVA: Complementary Regime to the VAT – withholding tax - the employee can deduct it entirely using the bills from products or services acquired) | 700113000000000000013% (VAT) – multiple rates (ICE: Consumption of specific products) | Taxation in Bolivia |
| Bosnia and Herzegovina | 10% FBiH, 10% RS | 5% FBiH, 0–15% RS | 33.76% FBiH, 42–57% RS | 700117000000000000017% FBiH and RS | Taxation in Bosnia | |
| Botswana | 15% (plus 10% surcharge) | 25% | 700112000000000000012% | Taxation in Botswana | ||
| Brazil | 34% | 0% | 27.5% | 31% | 700117000000000000017% to 25% | Taxation in Brazil |
| Brunei | 23.5% | 0% | 0% | Taxation in Brunei | ||
| Bulgaria | 10% | 10% | 700120000000000000020% | Taxation in Bulgaria | ||
| Burkina Faso | 10–30% | 2% | 30% | 700118000000000000018% | Taxation in Burkina Faso | |
| Burundi | 35% | 35% | 700118000000000000018% | Taxation in Burundi | ||
| Cambodia | 700110000000000000010% | Taxation in Cambodia | ||||
| Cameroon | 38.5% | 10% | 35% | 700119250000000000019.25% | Taxation in Cameroon | |
| Canada | 16%–31% (11%–15% federal + 5%–16% provincial) | 4% (0% federal + 4% provincial) | 54% (30% federal + 24% provincial) | 6.73% (4.95% CPP + 1.78% Employment Insurance EI) | 70005000000000000005% (Federal GST) with exemptions for small-businesses
0–10%(PST) |
Taxation in Canada |
| Cape Verde | 700115000000000000015% | Taxation in Cape Verde | ||||
| Central African Republic | 700119000000000000019% | Taxation in Central African Republic | ||||
| Chile | 18.5% (on profit withdrawals) | 0% | 40% | 10% (AFP private retirement fund) + 2 to 3% (AFP administrative costs) + 7% (healthcare insurance) + 0.6% (unemployment insurance) = up to around 20% of income before taxes (each item has an upper payment limit) | 700119000000000000019% | Taxation in Chile |
| China | 25% | 5% | 45% | 700117000000000000017% with many exceptions | Tax system in China | |
| Colombia | 33% | 0% | 33% | 700116000000000000016% | Taxation in Colombia | |
| Costa Rica | 30% (10% or 20% for small businesses) | 0% | 25% | 9% social security charge. | 13% | Taxation in Costa Rica |
| Croatia | 20% | 12% | 40% | 37.2% (nationwide) 0–18% (local) |
700125000000000000025% (0% on books and some foods) | Taxation in Croatia |
| Cuba | 30% | 10% | 50% | 70002500000000000002.5% to 20% | Taxation in Cuba | |
| Cyprus | 10% | 0% | 35% | 6.8% | 700117000000000000017% (5% or 0% for certain goods) | Taxation in Cyprus |
| Czech Republic | 19% | 15% | 47.5% | 700120000000000000020% or 15% (certain goods) | Taxation in Czech Republic | |
| Denmark | 25% | 36.56% | 59.5% | 8% | 700125000000000000025% | Taxation in Denmark |
| Dominican Republic | 29% | 0% | 25% | 10% (AFP private retirement fund) + 10% (healthcare insurance) = up to around 20% of income before taxes, 14% pay by the employer and 6% pay by the employee (each item has an upper payment limit) | 16% | Taxation in Dominican Republic |
| Egypt | 20% | 10% | 20% | 700110000000000000010% (standard), 25% (luxury goods), 0% (exports) | Taxation in Egypt | |
| El Salvador | 25/30% | 0% | 30% | 700113000000000000013% | Taxation in El Salvador | |
| Estonia | 0% on profit retained in company; flat 21% when earned profit is distributed to shareholders | 21% | 21% | 33% | 700120000000000000020% or 9% | Taxation in Estonia |
| Finland | 26% | 6.5% national
16% municipal |
30% national
21% municipal |
700124000000000000024% 13% (food and fodder) 9% (e.g. accommodation and culture) |
Taxation in Finland | |
| France | 33.33% | 0% | 75% (income tax) | 66% | 700119600000000000019.6% or 7% or 5.5% or 2.1% | Taxation in France |
| Gabon | 35% | 5% | 35% | 2.6% | 700118000000000000018% | Taxation in Gabon |
| Germany | 29.8% (average) | 0% | 45% | 41%, 15% for one of the many public health insurances (fixed rate by law), as well as a solidarity tax (depending on income) and a 26% social security tax (retirement + unemployment) | 700119000000000000019% or 7% (e.g. food) | Taxation in Germany |
| Georgia | 15% | 20% | 700118000000000000018% | Taxation in Georgia | ||
| Gibraltar | 10% | 17% | 40% | 0% | Taxation in Gibraltar | |
| Greece | 22/25% | 0% | 45% | 44% | 700123000000000000023% or 11% | Taxation in Greece |
| Guatemala | 5% of Revenue or 31% of Net Income |
5% | 7% | 17.5% (Social Security, Recreation and Technical Training Institutes) | 700112000000000000012% | Taxation in Guatemala |
| Guyana | 30%/40%/45% | 33⅓% | 700116000000000000016% or 0% | Taxation in Guyana | ||
| Hong Kong | 16.5% | 0% | 15% | 5% mandatory personal defined contribution pension. 40% of Hong Kong Government revenue is from indirect taxation such as land revenue & investment income |
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|
| Hungary | 10% and 19% | 16% and 20.32% (2012) | 36.5% (2011) | 700127000000000000027%, 18% (milk, dairy products, flour, cereals, bakery products etc.), 5% (medicines, books etc.) | Taxation in Hungary | |
| Iceland | 20% | 0% | 46% | 6% | 700125500000000000025.5% or 7% |
Taxation in Iceland |
| India | 10% (+3% cess) | 0% | 33% | 2%–12.5% | 5.5% - 14.5% |
|
| Indonesia | 25% starting FY 2010 | 5% | 30% | 700110000000000000010% | Taxation in Indonesia | |
| Iran | 25% | 0% | 35% | 15–35% | 1.5-700110000000000000010% depending on item | Taxation in Iran |
| Ireland | 12.5%/25%/10% | 0% | 41% | 0-11% | 700123000000000000023% Goods 9%-13.5% Services 0% certain items of food |
|
| Israel | 24% | 14.5% | 46% | 700117000000000000017% | Taxation in Israel | |
| Italy | 31.4% | 23% | 43% | 700121000000000000021% or 10% or 4% (food, books) | Taxation in Italy | |
| Jamaica | 33.3% | 0% | 25% | 25% | 700117500000000000017.5% | Taxation in Jamaica |
| Japan | 40.69% | 5% | 50% (40% national + 10% local) | 25.63% | 70005000000000000005% (consumption) | Taxation in Japan |
| Jordan | 14/24/30% | 0% | 14% | 700116000000000000016% (GST) | Taxation in Jordan | |
| Kazakhstan | 17.5%, 15%(2011-) | 10% | 11% | 700112000000000000012% | Taxation in Kazakhstan | |
| South Korea | 10%,20%,22% | 6% | 38% | 700110000000000000010% | Taxation in South Korea | |
| Latvia | 15% | 23% | 35.09% (11% by the employee) | 700121000000000000021% | Taxation in Latvia | |
| Lebanon | 15/4-21% | 2% | 20% | 700110000000000000010% | Taxation in Lebanon | |
| Liechtenstein | 12.5% | 1.2% | 17.82% | 11.6% | 3.6-7.6%, (lodging services additional 2.4%) |
Taxation in Liechtenstein |
| Lithuania | 15% | 0% | 15% | 39.98% | 700121000000000000021% | Taxation in Lithuania |
| Luxembourg | 29.63% | 6% | 38.95% | 700115000000000000015% | Taxation in Luxemburg | |
| Macau | 12% | Taxation in Macau | ||||
| Macedonia | 10% | 10% | 18% or 5% | Taxation in Macedonia | ||
| Malaysia | 25% | 0% | 26% | 2.25%, 21% to Provident Fund http://www.mohr.gov.my/pdf/sohchee.pdf | Taxation in Malaysia | |
| Maldives | 0-15% | 6% Since January 1, 2012 (Increased from 3.5% set on October 2, 2011) | Taxation in Maldives | |||
| Malta | 0-6.25% effective tax rate due to imputation system,following credits & refunds | 0% | 35% | 700118000000000000018% | Taxation in Malta | |
| Mauritius | 15% | 15% | 700115000000000000015% | Taxation in Mauritius | ||
| Mexico | 28% | 3–29% | 35% | 700116000000000000016% | Taxation in Mexico | |
| Monaco | Companies do not pay any direct tax on their profits. However, if more than 25% of a company's turnover is generated outside of Monaco, then the company is subject to a 33.33%, after various allowable deductions, this results in an effective corporate tax rate of under 6%. | 0% | The employer's contribution to Social Security is between 28%-40% (averaging 35%) of gross salary including benefits, and the employee pays a further 10%-14% (averaging 13%). | 5.5 - 19.6% | Taxation in Monaco | |
| Montenegro | 9% | 15% | 700117000000000000017% | Taxation in Montenegro | ||
| Morocco | 30% | 0% | 38% | 700120000000000000020% | Taxation in Morocco | |
| Nepal | 5% | 10% | 25% | 700113000000000000013% | Taxation in Nepal | |
| Netherlands | 20/25% | 0% | 52% | 700121000000000000021% (6% for essential and selected goods) |
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|
| New Zealand | 28% | 10.5% | 33% | 700115000000000000015% GST |
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|
| New Caledonia | 30% | 0% | 25% on local income of non-residents
40% |
|||
| Norway | 28% | 0% | 47.8% | 0–14.1% | 700125000000000000025% or 15% (food and drink in shops) or 8% (transportation, cineam, hotel rooms) | Taxation in Norway |
| Pakistan | 35% | 7.5% | 35% | 700116000000000000016% (GST) | Taxation in Pakistan | |
| Palestine | 15% | 5% | 15% | 5-15% | 700114500000000000014.5% (VAT) | Taxation in Palestine |
| Panama | 30% | 0% | 27% | 70007000000000000007% or 0% | Taxation in Panama | |
| Peru | 30% | 0% | 30% | 9% Essalud (Social Security) 8.33% CTS Compensación por tiempo de servicios (like an insurance in case the employee loses his job) 1 complete additional salary in July and 1 complete additional salary in December for Christmas. 0.75% SENATI (Only Industry Jobs) 0.2% SENCICO (Only Construction Workers) | 700118000000000000018% (16% VAT + 2% Municipal Promotional Tax) 0–118% ISC Impuesto Selectivo al Consumo (To some products like liquor, cigarettes, etc.) | Taxation in Peru |
| Philippines | 30% | 5% | 32% | 700112000000000000012% or 7% or 0%
(in some cases, foreign investors are zero-rated) |
Taxation in Philippines | |
| Poland | 19% | 0% | 32% (or optional 19% flat rate for self-employed) | 41.11% | 700123000000000000023% or 8% or 5% | Taxation in Poland |
| Portugal | 25% | 0% | 54% | 23.75% | Normal: 700123000000000000023% Intermediate: 13% Reduced: 6%
Madeira, Açores: 15%, 9%, 4% |
Taxation in Portugal |
| Qatar | 10% (different rates for companies operating in the oil/gas sector). Qatari partners are not required to pay any tax on their share of profits. | 0% | 0% | 0% | Taxation in Qatar | |
| Romania | 16% | 16% | 45.15% | 700124000000000000024% or 9% (medicines, books, newspapers, hotel ...), or 4% | Taxation in Romania | |
| Russia | 20% (13% for SME, 0% for education and healthcare industries) | 13% | 13% | 34% (10% for SME, 14% for IT industry) before annual salary exceeds 415k RUB, 8% thereafter | 0-700118000000000000018% (reduced rates for certain goods, no VAT for SME except for imports activities) | Taxation in Russia |
| Saudi Arabia | 20% (higher for oil/gas) | 0% (foreigners) Zakat (natives) |
0% (foreigners) Zakat (natives) |
11% Social security | 50000000000000000000% | Taxation in Saudi Arabia |
| Senegal | 25% | 0% | 50% | 700120000000000000020% | Taxation in Senegal | |
| Serbia | 15% | 12% | 20% | 35.8% | 20% or 8% or 0%
(reduced rates are for certain goods) |
Taxation in Serbia |
| Singapore | 17% | 3.5% | 20% | 70007000000000000007% (GST) |
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|
| Slovakia | 19% | 19% | 30% tax including mandatory social security tax and health care tax | 700120000000000000020% 10% on medication and books | Taxation in Slovakia | |
| Slovenia | 20% (2012:18%, 2013:17%, 2014:16%, 2015+:15%) | 16% | 41% | 0% (abolished) | 700120000000000000020% or 8.5% | Taxation in Slovenia |
| South Africa | 28% | 0% | 40% | 700114000000000000014% | Taxation in South Africa | |
| Spain | 25–30% | 0% | 52% | 700121000000000000021% or 10% or 4% | Taxation in Spain | |
| Sri Lanka | 0-35% | 0% | 35% | 0% or 12% | Taxation in Sri Lanka | |
| Sweden | 22% | 0% | 57% | 31.42% | 700125000000000000025% or 12% or 6% | Taxation in Sweden |
| Switzerland | 13–25% | 0% | 13.2% (federal) | 70008000000000000008.0% or 3.8% or 2.5% | Taxation in Switzerland | |
| Syria | 10–45% | 5% | 15% | Taxation in Syria | ||
| Taiwan | 17% | 6% | 40% | 70005000000000000005% | Taxation in the Republic of China | |
| Tanzania | 30% | 15% | 30% | Taxation in Tanzania | ||
| Thailand | 23% (20% from FY2013 onward) | 5% | 37% | 70007000000000000007% | Taxation in Thailand | |
| Tunisia | 30% | 0% | 35% | 700118000000000000018% or 12% or 6% | Taxation in Tunisia | |
| Turkey | 20% | 15% | 35% | 35–40% | 700118000000000000018% | Taxation in Turkey |
| Ukraine | 25% (16% from April 1, 2014) | 15% | 33.2% - 34.7% Mandatory contribution to the State Pension Fund. For private entrepreneurs in simplified taxation mode minimum contribution calculation based on minimum income (December 2011: 34.7% * 1004 UAH = 348.39 UAH or about $44 per month) | 700120000000000000020% (17% from January 1, 2014) | Taxation in Ukraine | |
| United Arab Emirates | 0% | 0% | Taxation in United Arab Emirates | |||
| United Kingdom | 20%-24% (decrease to 21% in 2014) | 0% | 45% | 0%–12% (individual) 0-13.8% (employer) (National Insurance) | 700120000000000000020% Standard Rate; 5% Reduced Rate for home energy and renovations; 0% Zero Rate for life necessities - groceries, water, prescription medications, medical equipment and supplies, public transport, children clothing, books and periodicals. |
Taxation in the United Kingdom |
| United States | 0–39% (federal) 0–12% (states) |
0% (federal) 0% (states) |
39.6% (federal) 0-13% (states) |
2.9-15.3% (federal) 0-2% (states) |
50000000000000000000-10.25% (states and local) |
|
| Uruguay | 30% | 0% | 25% | 700122000000000000022% | Taxation in Uruguay | |
| Uzbekistan | 9% | 5% | 22% | 0–700120000000000000020% | Taxation in Uzbekistan | |
| Venezuela | 15/22/34% | 6% | 34% | 8–10%/700112000000000000012% | Taxation in Venezuela | |
| Vietnam | 25% | 5% | 35% | 700110000000000000010% | Taxation in Vietnam | |
| British Virgin Islands | 0% | 0% | 10–14% | Taxation in the British Virgin Islands | ||
| Zambia | 35% | 10% | 30% | 700117500000000000017.5% | Taxation in Zambia |
Read more about this topic: Local Taxation
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