Tax rates around the world
From Wikipedia, the free encyclopedia
Comparison of tax rates around the world is a difficult and somewhat subjective enterprise. Tax laws in most countries are extremely complex, and tax burden falls differently on different groups in each country and sub-national unit. Of course, services provided by governments in return for taxation also vary, making comparisons all the more difficult, for example, in many European nations, government sponsored national health care provision is paid for from taxation, while in other countries health care is normally paid for with private insurance. The lists below give an indication by rank of some raw indicators.
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[edit] List of tax rates around the world
This is a list of tax rates around the world. It is focused on three types of taxes: corporate and individual taxes and value added taxes (VAT). It is not intended to represent the true tax burden to either the corporation or the individual in the listed country.
| Country | Income tax | VAT | in force | |
|---|---|---|---|---|
| Corporate | Individual | |||
| Algeria | 25% | 0-40% | 21% | |
| Argentina | 35% | 9-35% | 21% | |
| Australia | 30% | 0-45% | 10% Goods and Services Tax | |
| Austria | 25% | 21-50% | 20% GST | |
| Azerbaijan | 24% | 0-35% | 18% | |
| Bangladesh | 40% | ??? | 15% | |
| Belarus | 24% | 9-30% | 18% | |
| Belgium | 33.99% | 25-50% | 21% | |
| Bosnia and Herzegovina | 30% | 5% | 17% | |
| Brazil | 34% | 15-27.5% | 17-25% | |
| Bulgaria | 10% | 10-24% | 20% | |
| Cameroon | 38.5% | 10-35% | 18.7% | |
| Canada | 36.10% | 15-29% (federal) | 6% Goods and Services Tax, plus Provincial Sales Tax (which varies from Province to Province. 8% in Ontario for example). | |
| Chile | 17% | 0-40% | 19% | |
| China | 25% | 5-45% | 17% | |
| Colombia | 35% | 0-35% | 16% | |
| Croatia | 20% | 15-45% | 22% | |
| Cuba | 30% | 10-50% | — | |
| Cyprus | 10% | 20-30% | 15% | |
| Czech Republic | 24% | 12-32% | 19% / 5% on selected goods and services | |
| Denmark | 22%[1] | 38-59% | 25% | |
| Egypt | 40% | 20-40% | — | |
| Estonia | 22% | 22% | 18% | |
| Finland | 26% | 25-53% | 22% | |
| France | 33.33% | 5.5-40% | 2.1%/5.5%/19.60% | 2006 |
| Germany | 25% (federal) | 15-42% | 19% | |
| Greece | 22/29% | 0-40% | 19% | |
| Guatemala | 31% | 15-31% | 12% | |
| Guyana | 35-45% | 33.3% | 16% | |
| Hong Kong | 17.50% | 16-20% | — | |
| Hungary | 16% | 18-36% | 20% | |
| Iceland | 18/26% | 0-45.58% | 24.5% | |
| India | 30-40% | 10-30% | 12.50% | |
| Indonesia | 30% | 5-35% | 10% | |
| Ireland | 12.50% | 20-41% | 21% | |
| Israel | 31% | 10-49% | 15.50% | |
| Italy | 37.25% | 23-45% | 20% | |
| Japan | 30% | 10-37% | 5% (consumption) | |
| Jordan | 15/25/35% | 5-30% | 13% GST | |
| Latvia | 15% | 25% | 18% | |
| Lebanon | 15/4-21% | 2-20% | 10% | |
| Lithuania | 15% | 10-35% | 18% | |
| Luxembourg | 29.63% | 6-38.95% | 15% | |
| Malaysia | 27% | 0-28% | 5 - 10% Service/Sales Tax | |
| Malta | 35% | 15-35% | 18% | |
| Mexico | 28% | 3-29% | 15% | |
| Monaco | 33.33% | 0% | 19.60% | |
| Montenegro | 9% | 15% (12% in 2009, 9% in 2010) | 17% (7% for certain goods and services) | |
| Morocco | 35% | 0-41.5% | 20% for goods / 14% for services | |
| Netherlands | 25.5% | 34,15-52% | 19% (6% for certain goods) | |
| New Zealand | 33% | 0-39% | 12.5% GST | |
| Norway | 28% | 28-51.3% | 25% | |
| Pakistan | 35% | 7.5-35% | 15% | |
| Panama | 30% | 0-30% | 5% | |
| Peru | 27% | 15-30% | 19% | |
| Philippines | 35% | 5-32% | 12% | |
| Poland | 19% | 19-40% | 22% | |
| Portugal | 27.50% | 10.5-42% | 21% | |
| Romania | 16% | 16% | 19% | |
| Russia | 24% | 13% | 18% | |
| Saudi Arabia | 20% | 20% | — | |
| Senegal | 33% | 0-50% | 20% | |
| Serbia | 10% | 10/14% | 18% | |
| Singapore | 18% (20% through YA 2007) | 0-20% | 7% GST | |
| Slovakia | 19% | 19% | 19% | |
| Slovenia | 25% | 16-50% | 20% | |
| South Africa | 29% | 18-40% | 14% | |
| South Korea | 13/25% | 9-36% | 10% | |
| Spain | 35% | 15-45% | 16% | |
| Sweden | 28% | 30-55% | 25% | |
| Switzerland | 13-25% | 0-45.5% | 7.6% | |
| Syria | 10-45% | 5-15% | — | |
| Taiwan | 25% | 6-40% | 5% | |
| Thailand | 30% | 5-37% | 7% | |
| Tunisia | 30% | 0-35% | 12-18% | |
| Turkey | 20% | 15-35% | 18% | |
| Ukraine | 30% | 0-40% | 20% | |
| United Arab Emirates | 0% | 0% | 0% | |
| United Kingdom | 30% | 0-40% | 0% / 5% / 17.50% | |
| United States | 15-35%[2] | 0-35% | 0-9.75%[4] in state & local sales tax (not VAT); typically around 8.5%, but up to 16.75%[5] when including other taxes | |
| Uruguay | 30% | — | 23% | |
| Uzbekistan | 18% | 13-30% | 20% | |
| Venezuela | 15/22/34% | 6-34% | 14% | |
| Vietnam | 28% | 0-40% | 10% | |
| Zambia | 35% | 10-30% | 17.50% | |
| Average1 | 27% | 34% | 15% | |
| Average1,2 | 29% | 41% | 17% | |
| Average1,3 | 27% | 31% | 15% | |
[edit] Notes
- 1 - For the calculation, the highest rate is used.
- 2 - Developing countries only.
- 3 - Developed countries only.
- 4 - No state or local sales tax in Alaska, Delaware, Montana, New Hampshire, Oregon, Pennsylvania (on most clothing and footwear), and New York City (on clothing and footwear under $110, as of April 1, 2006). 9.75% state, county, and local taxes exist in Tennessee and Louisiana.
- 5 - As in the case of hotel accommodation in San Antonio, Texas (municipal, county, and state hotel occupancy taxes) and other cities
[edit] References
- ^ Danish Tax Ministry Press Release. Retrieved on January 26, 2007.
- ^ http://www.smbiz.com/sbrl001.html
- FITA Country Profiles
- Chile: sobre impuestos/impuestos/imp directos.htm Servicio de Impuestos Internos
- Bulgaria, new corporate tax: [1]
This a useful website though not a source: http://www.taxfoundation.org/publications/show/78.html
