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Comparison of tax rates around the world is difficult and somewhat subjective. Tax laws in most countries are extremely complex, and tax burden falls differently on different groups in each country and sub-national unit. The lists below give an indication by rank of some raw indicators.

Denmark is currently the most taxed country in the OECD and the world with an income tax of up to 59%[1]

Contents

Graphs

Income Tax rates by Country based on OECD 2005 data.[2]

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) / goods and services taxes (GST) / sales). It is not intended to represent the true tax burden to either the corporation or the individual in the listed country.

Country/Region Corporate Individual Payroll tax usually reduces taxable income VAT / GST / Sales Primary tax articles
 Algeria[3] 19 0-35% 7/14/17%
 Andorra[citation needed] N/A 0% N/A 0%
 Angola[citation needed] 35% 1-60% 5-50% (depending on the good)
 Argentina 35% 9-35% 21%
 Australia[4] 30% 0-45%

1.5% (Medicare levy)

4.75-6% (state) [5] 10% GST (0% on essential items) [6]
 Austria[citation needed] 25% 21-50% 20% (GST)
 Azerbaijan[3] 22% 0-35% 18%
 Bangladesh[3] 0-45% 0-25% 4-15%
 Barbados[7] 25% 25%-35% 15% (hotel accommodation 7.5%)
 Belarus[3] 24% 12% 35% 10/18%
 Belgium[citation needed] 33.99% 25-50% 21% (6% for essential and selected goods)
 Benin[citation needed] 35% 35% 18%
 Bosnia and Herzegovina 10% FBiH, 10% RS [8] 5% FBiH, 0-15% RS [8] 33.76% FBiH, 42-57% RS [8] 17% FBiH, 17% RS [8]
 Botswana 15% (plus 10% surcharge) 25% 10%
 Brazil[citation needed] 34% 0-27.5% 31% 17-25%
 Bulgaria 10% 10% 42.7% 20%
 Burkina Faso 10-45% 2-30% 15/25%
 Burundi[9] 35% 35% N/A
 Cameroon[3] 38.5% 10-35% 19.25%
 Canada[10] 29.5-35.5% 0-29% (federal)

0-24% (provincial)

4.95% (CPP) 5% (GST)

0-10% (provincial sales taxes or value added taxes)

 Chile[11] 17% 0-40% 19%
 China[citation needed] 25% 5-45% 17%
 Colombia[3] 35% 0.29-38.5% 16%
 Croatia[3] 20% 15-45% 37.2% (nationwide)[12]
0-18% (local)
23% (0% on books and some food items)
 Cuba[3] 30% 10-50% 12%
 Cyprus[citation needed] 10% 0-30% 15% (0 or 5% for certain goods)
 Czech Republic[citation needed] 21% 15% 47.5% 10% (certain goods), 20%
 Denmark[13] 25% 0-59% 8% 25%
 Egypt 20% 10-20% N/A
 El Salvador 25% 0-25% 13%
 Estonia[citation needed] 21% 21% 33% 20% 9% (certain goods and services)
 Finland[citation needed] 26% 9-32% national, 16-21% municipal 22%
12% (food and fodder)
8% (e.g. accommodation and culture)
 France[citation needed] 33.33% 21% (social charges)

0-50% (income tax)

45% 19.6%/5.5% on certain goods (e.g. food)
 Gabon 35% 5-55% 2.6% 18%
 Germany 29.8% (average) 0-45% 19%/7% on certain goods (e.g. food)
 Georgia[3] 15% 20% 18%
 Gibraltar 33% 17-40% N/A
 Greece 22/25% 0-40% 19%-9% certain goods
 Guatemala[3] 31% 15-31% 12%
 Guyana[14] 35%/45% 33⅓% 16%/0%
 Hong Kong[15] 16.5% 0-15% N/A N/A
 Hungary 16% 18% and 36% 50.5% 25%
 Iceland[3] 18/26% 0-36.72%[16] 6% 0/14/24.5%
 India[citation needed] 30-40% (+3% cess) 0-30% (+3% cess) 12.5%
 Indonesia 28% in FY 2009
25% starting FY 2010
5-30% starting FY 2009 10%
 Iran 25% 0-35% N/A
 Ireland 12.5% 0-41% 16.75% 21% Goods (effective Jan 1st, 2010)
13.5% Services
0% Food
 Israel 27% 10-47% 16%
 Italy 31.4% 23-43% 20%-10%-4% on some goods (foods, books)
 Jamaica 33.3% 3-5% 25% 17.5%
 Japan[citation needed] 30% 5-40% 5% (consumption)
 Jordan[3] 15/25/35% 5-30% 16% (GST)
 Kazakhstan[3] 20%(2009), 17.5%(10), 15%(11-) 10% 11% 12%
 South Korea[3] 13/25% 9%-21.375% + 36% excess 10%
 Latvia[citation needed] 15% 23% 33% 21%
 Lebanon[3] 15/4-21% 2-20% 10%
 Lithuania 15% 0-15% 39.98% 21%
 Luxembourg 29.63% 6-38.95% 15%
 Malaysia[citation needed] 26% 0-26% 5% GTS
 Malta 35% 0-35% 18%
 Mexico[citation needed] 28% 3-29% 16%
 Monaco 33.33% 0%[17] 19.6%
 Montenegro 9% 15% 17%
 Morocco 30% 0-38% 20%
 Nepal N/A 10-25%[18] 13%[19]
 Netherlands 20/25.5% 0-52% 19% (6% for essential and selected goods)
 New Zealand 30% 12.5-38%[20] 12.5% (GST)
 Norway 28% 0-47.8% 14% 25%, 14% (food and drink in shops) and 8% (transportation).
 Pakistan 35% 7.5-35% 16%
 Panama[3] 30% 0-27% 0/5%
 Peru[3] 27% 15-27% 2/19%
 Philippines 35% 5-32% 0 ; 7 ; 12%

(in some cases, foreign investors are zero-rated)

 Poland[citation needed] 19% 18-32% 41.11% 22%, 7% (reduced rate on certain goods)
 Portugal[citation needed] 12.5-27.5% 10.5-40% 20%

(reduced rates on certain goods—5% or 12%)

 Romania 16% 16% 45.15% 19% (9% hotel accommodation ...)
  • Taxation in Romania
 Russia[citation needed] 13-20% 13% 10-26% before annual salary exceeds 450k RUB, 0% thereafter 0-18%

(reduced rates for certain goods, no VAT for small businesses except for imports activities)

 Saudi Arabia[21] 20%-85%
11% Social security
Residents 2.5% Zakat
Non-residents 20%
N/A
 Senegal[3] 33% up to 50% 20%
 Serbia[22] 10% 12-20% 35.8%[23] 18%, 8% and 0%

(reduced rates are for certain goods)

 Singapore 18% (17% as of FY 2010)[24] 3.5%-20% 7% (GST)
 Slovakia 19% 19% 19%
 Slovenia[citation needed] 22% 16-41% 8.5/20%
 South Africa 28%[25] 18-40% 14%
 Spain[citation needed] 25-30% 0-42% 16%, 7%, and 4%
 Sweden 26.3%[26] 28.89%-59.09%[27][28] 31.42%[29] 25%. 12% and 6% for some goods.[30]
 Switzerland[3] 13-25% 0-13.2% (federal) 3.6/2.4/7.6%
 Syria[3] 10-45% 5-15% Debuts in 2008
 Taiwan[citation needed] 25% 6-40% 5%
 Tanzania 30% 15-30%
 Thailand[citation needed] 30% 5-37% 7%
 Tunisia[3] 30% 0-35% 6/12/18%
 Turkey[citation needed] 20% 15-35% 18%
 Ukraine[3] 25% 15% 20%
 United Arab Emirates[3] N/A 0% [31] N/A
 United Kingdom [32] 21-28% 0-40%
(50% from FY2010-11)[33]
23.8% (National Insurance) 0%/15%/17.5%
 United States[34][35][36][37][38] 15-39% (federal)
0-12% (state)
0-35% (federal)
0-10.3% (state)
15.3%, 2.9% regressive (federal) 0-10.25% (state and local)
 Uruguay[3] 30% 0-25% 23%
 Uzbekistan[3] 12% 13-30% 10-20%
 Venezuela[3] 15/22/34% 6-34% 8-10%/9%, will raise to 12% beginning April 1, 2009
 Vietnam[citation needed] 28% 0-40% 10%
 British Virgin Islands N/A 0% [39] 10-14% N/A
 Zambia 35% 10-30% 17.5%

See also

Notes

  1. ^ [1]
  2. ^ "OECD Tax Database". Organisation for Economic Co-operation and Development. http://www.oecd.org/document/60/0,2340,en_2649_34533_1942460_1_1_1_1,00.html. Retrieved 2007-01-30. 
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z FITA
  4. ^ International Tax and Business Guides - Economic Data - Statistics - Tax - EIU - The Economist - Foreign Investment - Deloitte Touche Tohmatsu
  5. ^ Victoria cuts payroll tax in State Budget: NSW must follow (May 2006)
  6. ^ GST in Australia
  7. ^ Income Tax and Fiscal Incentives
  8. ^ a b c d [2]
  9. ^ Index of Economic Freedom
  10. ^ Individual income tax rates, from Canada Revenue Agency official site: [3]. Quebec has a separate income tax system: [4]. Both indicate 2008 individual rates; accessed April 22, 2009.
  11. ^ Servicio de Impuestos Internos
  12. ^ Croatia - Taxation
  13. ^ Ministeriet for Videnskab, Teknologi og Udvikling
  14. ^ Ram & McRae's Investors Information Package
  15. ^ 2008-09 Budget - Tax Concessions
  16. ^ Invest in Iceland Agency - Taxation in Iceland
  17. ^ http://www.globalpropertyguide.com/Europe/Monaco/Taxes-and-Costs
  18. ^ UN salaries, tax - Nepali Times
  19. ^ eKantipur.com
  20. ^ "Weekly and fortnightly PAYE deduction tables 2010 (IR 340)". Inland Revenue Department. April 2009. http://www.ird.govt.nz/resources/3/9/39e511004d4161d5859eeddd1742e7df/ir340-apr09.pdf. Retrieved 2009-04-28. 
  21. ^ International Tax and Business Guides - Economic Data - Statistics - Tax - EIU - The Economist - Foreign Investment - Deloitte Touche Tohmatsu
  22. ^ http://www.siepa.sr.gov.yu/site/en/home/1/investing_in_serbia/competitive_taxes/
  23. ^ Investing in Serbia; Competitive Taxes: Social Insurance Contributions: SIEPA
  24. ^ [http://www.channelnewsasia.com/stories/singaporelocalnews/view/404196/1/.html/ Singapore corporate tax reduced to 17%]
  25. ^ South Africa budget
  26. ^ Belopp och procent - inkomstår 2008/taxeringsår 2009 | Skatteverket
  27. ^ Högsta och lägsta kommunalskatten 2008 - Statistik från SCB
  28. ^ Belopp och procent - inkomstår 2008/taxeringsår 2009 | Skatteverket
  29. ^ Socialavgifter för inkomstår 2008 | Skatteverket
  30. ^ VAT rates Sweden - Skatteverket
  31. ^ http://mofpi.nic.in/ficci_data/uae.pdf
  32. ^ HM Revenue & Customs Budget 2008 Press Notice PN02
  33. ^ At a glance: Budget 2009, BBC News, April 22, 2009
  34. ^ U.S. Federal Individual Income Tax Rates History, 1913-2008, Tax Foundation, January 7, 2008
  35. ^ State Corporate Income Tax Rates, Tax Foundation, January 26, 2007
  36. ^ State Individual Income Tax Rates, 2007, Tax Foundation, February 3, 2008
  37. ^ State and Local Sales and Use Taxes and Internet Commerce, CRS Report for Congress, Steven Maguire, January 28, 2005
  38. ^ [5], Chicago Cook County Board Approves 1% Sales Tax Hike, March 1, 2008,
  39. ^ http://en.wikipedia.org/wiki/Taxation_in_the_British_Virgin_Islands

External links

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