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 63%[1]
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Graphs
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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 | VAT / GST / Sales | Primary tax articles |
|---|---|---|---|---|---|
 Algeria[3] |
30%+3% | 0-40% | 7/14/17% | ||
 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] |
0-40% | 0-25% | 4-15% | ||
 Barbados[7] |
40% | 25%-40% | 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% | 60% | 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% | 15-29% (federal)
4-24% (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% | |
 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% | 9% (certain goods), 19% | |
 Denmark[13] |
25% | 0-63% | 8% | 25% | |
 Egypt |
20% | 10-20% | N/A | ||
 El Salvador |
25% | 0-25% | 13% | ||
 Estonia[citation needed] |
21% | 21% | 33% | 20% | |
 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% | 10-30% | 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% | 21.5% Goods 13.5% Services 0% Food |
|
 Israel |
27% | 10-47% | 16.5% | ||
 Italy |
31.4% | 23-43% | 20%-4% on some goods (foods, books) | ||
 Jamaica |
33.3% | 3-5% | 25% | 16.5% | |
 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 |
20% | 21% | 34% | 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% | 15% | ||
 Monaco |
33.33% | 0%[17] | 19.6% | ||
 Montenegro |
9% | 15% | 17% | ||
 Morocco |
35% | 0-41.5% | 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 ...) |
|
 Russia[citation needed] |
20% | 13% | 18%, 10% and 0%
(reduced rates are for certain goods) |
||
 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[citation needed] |
10% | 10-14% | 35.8%[22] | 18%, 8% and 0%
(reduced rates are for certain goods) |
|
 Singapore |
18% (17% as of FY 2010)[23] | 3.5%-20% | 7% (GST) | ||
 Slovakia |
19% | 19% | 19% | ||
 Slovenia[citation needed] |
22% | 16-41% | 8.5/20% | ||
 South Africa |
28%[24] | 18-40% | 14% | ||
 Spain[citation needed] |
25-30% | 0-42% | 16%, 7%, and 4% | ||
 Sweden |
26.3%[25] | 28.89%-59.09%[26][27] | 32.42%[28] | 25%. 12% and 6% for some goods.[29] | |
 Switzerland[3] |
13-25% | 0-13.2% (federal) | 3.6/2.4/7.6% | ||
 Syria[3] |
10-45% | 5-15% | Debuts in 2008 | ||
 Republic of China[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% [30] | N/A | ||
 United Kingdom [31] |
21-28% | 0-40% (50% from FY2010-11)[32] |
23.8% (National Insurance) | 0%/5%/17.5%* (*Temporarily 15% until January 2010) | |
 United States[33][34][35][36][37] |
15-39% (federal) 0-12% (state) |
0-35% (federal) 0-10.3% (state) |
2.9-15.3% (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% [38] | 10-14% | N/A | |
 Zambia |
35% | 10-30% | 17.5% |
See also
- List of countries by tax revenue as percentage of GDP
- Dividend imputation
- VAT Rates
- Tax Freedom Day
- Welfare state
- Tax haven
The CIT rate in Vietnam has been reduced to 25% from 2009.
Notes
- ^ [1]
- ^ "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.
- ^ 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
- ^ International Tax and Business Guides - Economic Data - Statistics - Tax - EIU - The Economist - Foreign Investment - Deloitte Touche Tohmatsu
- ^ Victoria cuts payroll tax in State Budget: NSW must follow (May 2006)
- ^ GST in Australia
- ^ Income Tax and Fiscal Incentives
- ^ a b c d [2]
- ^ Index of Economic Freedom
- ^ 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.
- ^ Servicio de Impuestos Internos
- ^ Croatia - Taxation
- ^ Ministeriet for Videnskab, Teknologi og Udvikling
- ^ Ram & McRae's Investors Information Package
- ^ 2008-09 Budget - Tax Concessions
- ^ Invest in Iceland Agency - Taxation in Iceland
- ^ http://www.globalpropertyguide.com/Europe/Monaco/Taxes-and-Costs
- ^ UN salaries, tax - Nepali Times
- ^ eKantipur.com
- ^ "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.
- ^ International Tax and Business Guides - Economic Data - Statistics - Tax - EIU - The Economist - Foreign Investment - Deloitte Touche Tohmatsu
- ^ Investing in Serbia; Competitive Taxes: Social Insurance Contributions: SIEPA
- ^ [http://www.channelnewsasia.com/stories/singaporelocalnews/view/404196/1/.html/ Singapore corporate tax reduced to 17%]
- ^ South Africa budget
- ^ Belopp och procent - inkomstår 2008/taxeringsår 2009 | Skatteverket
- ^ Högsta och lägsta kommunalskatten 2008 - Statistik från SCB
- ^ Belopp och procent - inkomstår 2008/taxeringsår 2009 | Skatteverket
- ^ Socialavgifter för inkomstår 2008 | Skatteverket
- ^ VAT rates Sweden - Skatteverket
- ^ http://mofpi.nic.in/ficci_data/uae.pdf
- ^ HM Revenue & Customs Budget 2008 Press Notice PN02
- ^ At a glance: Budget 2009, BBC News, April 22, 2009
- ^ U.S. Federal Individual Income Tax Rates History, 1913-2008, Tax Foundation, January 7, 2008
- ^ State Corporate Income Tax Rates, Tax Foundation, January 26, 2007
- ^ State Individual Income Tax Rates, 2007, Tax Foundation, February 3, 2008
- ^ State and Local Sales and Use Taxes and Internet Commerce, CRS Report for Congress, Steven Maguire, January 28, 2005
- ^ [5], Chicago Cook County Board Approves 1% Sales Tax Hike, March 1, 2008,
- ^ http://en.wikipedia.org/wiki/Taxation_in_the_British_Virgin_Islands
External links
- State Business Tax Climate Index Rankings, 2003-2008 in the U.S., Tax Foundation
- OECD Comparison of Wage Taxes (top combined marginal individual tax rates), Tax Foundation
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