Tax rates around the world
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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 / GST / Sales | |
|---|---|---|---|
| Corporate | Individual | ||
 Algeria[1] |
30%+3% | 0-40% | 7/14/17% |
 Argentina[2] |
35% | 9-35% | 21% |
 Australia[3] |
30% | 0-45% | 10% (GST) |
 Austria[2] |
25% | 21-50% | 20% GST |
 Azerbaijan[1] |
22% | 0-35% | 18% |
 Bangladesh[1] |
0-40% | 0-25% | 4-15% |
 Barbados[4] |
40% | 25%-40% | 15% (hotel accommodation 7.5%) |
 Belarus[1] |
30% | 12-30% | 10/18% |
.svg/22px-Flag_of_Belgium_(civil).svg.png){kind=small} Belgium[2] |
33.99% | 25-50% | 21% |
 Brazil[2] |
34% | 15-27.5% | 17-25% |
 Bulgaria[2] |
10% | 10% | 20% |
 Burundi[5] |
35% | 35% | — |
 Cameroon[1] |
38.5% | 10-35% | 19.25% |
 Canada[6] |
29.5-35.5% | 15-29% (federal)
4-17.95% (provincial) |
5% (GST)
0-10% (provincial sales taxes) |
 Chile[7] |
17% | 0-40% | 19% |
 China[2] |
25% | 5-45% | 17% |
 Colombia[1] |
35% | 0.29-38.5% | 16% |
 Croatia[1] |
20% | 15-45% | 22% |
 Cuba[1] |
30% | 10-50% | 12% |
 Cyprus[2] |
10% | 20-30% | 15% |
 Czech Republic[2] |
21% | 15% | 19% |
 Denmark[8] |
22% | 38-59% | 25% |
 Egypt[2] |
20% | 10-20% | — |
 Estonia[2] |
22% | 22% | 18% |
 Finland[2] |
26% | 9-32% | 22% |
 France[2] |
33.33% | 10-40% | 19.6%/5.5% on certain goods (e.g. food) |
 Germany[2] |
29.8% (average) | 15-45% | 19%/7% on certain goods (e.g. food) |
 Georgia[1] |
20% | 12% | 18% |
 Gibraltar[2] |
33% | 17-40% | — |
 Greece[2] |
22/25% | 0-40% | 19% |
 Guatemala[1] |
31% | 15-31% | 12% |
 Guyana[9] |
35%/45% | 33⅓% | 16%/0% |
 Hong Kong[10] |
16.5% | 0-15% | — |
 Hungary[2] |
16% | 18% and 36% | 20% |
 Iceland[1] |
18/26% | 0-36.72%[11] | 0/14/24.5% |
 India[2] |
30-40% | 10-30% | 12.5% |
 Indonesia[2] |
30% | 5-35% | 10% |
 Ireland[2] |
12.5% | 20-41% | 21% |
 Israel[2] |
27% | 10-47% | 15.5% |
 Italy[2] |
33% | 23-43% | 20% |
 Japan[2] |
30% | 5-40% | 5% (consumption) |
 Jordan[1] |
15/25/35% | 5-30% | 16% GST |
 South Korea[1] |
13/25% | 9%-21.375% + 36% excess | 10% |
 Latvia[2] |
15% | 25% | 18% |
 Lebanon[1] |
15/4-21% | 2-20% | 10% |
 Lithuania[2] |
15% | 15%/27% | 18% |
 Luxembourg[2] |
29.63% | 6-38.95% | 15% |
 Malaysia[1] |
28% | 0-28% | 5% GTS |
 Malta[2] |
35% | 0-35% | 18% |
 Mexico[2] |
29% | 3-29% | 15% |
 Monaco[2] |
33.33% | 0% | 19.6% |
 Montenegro[2] |
9% | 15% | 17% |
 Morocco[2] |
35% | 0-41.5% | 20% |
 Nepal |
N/A | 10% to 25%[12] | 13%[13] |
 Netherlands[2] |
29.6% | 0-52% | 19% |
 New Zealand[2] |
30% | 0-39% | 12.5% GST |
 Norway[2] |
28% | 28-51.3% | 25% |
 Pakistan[2] |
35% | 7.5-35% | 15% |
 Panama[1] |
30% | 0-27% | 0/5% |
 Peru[1] |
27% | 15-27% | 2/19% |
 Philippines[2] |
35% | 5-32% | 12% |
 Poland[2] |
19% | 19-40% | 22%, 7% (reduced rate on certain goods) |
 Portugal[2] |
27.5% | 10.5-40% | 21% |
 Romania[2] |
16% | 16% | 19% |
 Russia[2] |
24% | 13% | 18%, 10% and 0% (reduced rates are for certain goods) |
 Saudi Arabia[14] |
20%-85% 11% Social security |
Residents 2.5% Zakat Non-residents 20% |
— |
 Senegal[1] |
33% | up to 50% | 20% |
 Serbia[2] |
10% | 10/14% | 18% |
 Singapore[2] |
18% | 3.5%-20% | 7% |
 Slovakia[2] |
19% | 19% | 19% |
 Slovenia[2] |
25% | 16-50% | 20% |
 South Africa[2] |
28%[15] | 18-40% | 14% |
 Spain[2] |
25-30% | 0-42% | 16% |
 Sweden |
28%[16] | 0-59.09% [17][18] | 25%. 12% and 6% for some goods. [19] |
 Switzerland[1] |
13-25% | 0-13.2% (federal) | 3.6/2.4/7.6% |
 Syria[1] |
10-45% | 5-15% | Debuts in 2008 |
 Republic of China[2] |
25% | 6-40% | 5% |
 Thailand[2] |
30% | 5-37% | 7% |
 Tunisia[1] |
30% | 0-35% | 6/12/18% |
 Turkey[2] |
20% | 15-35% | 18% |
 Ukraine[1] |
25% | 0-40% | 20% |
 United Arab Emirates[1] |
0% | 0% | 0% |
 United Kingdom [20] |
21-28% | 0,20,40%
0-11% (National Insurance) |
17.5% |
 United States[21][22][23][24][25] |
15-39% (federal income) 0-12% (state income) |
0-35% (federal income) 0-10.3% (state income) 0-7.65%(federal payroll) |
0-10.25% (state and local sales tax) |
 Uruguay[1] |
30% | ?-24.125% | 23% |
 Uzbekistan[1] |
12% | 13-30% | 10-20% |
 Venezuela[1] |
15/22/34% | 6-34% | 8-10%/9% |
 Vietnam[2] |
28% | 0-40% | 10% |
 Zambia[2] |
35% | 10-30% | 17.5% |
[edit] See also
- List of countries by tax revenue as percentage of GDP
- Dividend imputation
- VAT Rates
- Tax Freedom Day
- Welfare state
- Tax haven
[edit] Notes
- ^ 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
- ^ 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 aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax worldwide-tax.com
- ^ International Tax and Business Guides - Economic Data - Statistics - Tax - EIU - The Economist - Foreign Investment - Deloitte Touche Tohmatsu
- ^ Income Tax and Fiscal Incentives
- ^ Index of Economic Freedom
- ^ Income tax rates from Canada Revenue official site [1]; Quebec has a separate income tax system: [2]. Both accessed March 31, 2008.
- ^ Servicio de Impuestos Internos
- ^ Ministeriet for Videnskab, Teknologi og Udvikling
- ^ Ram & McRae's Investors Information Package
- ^ 2008-09 Budget - Tax Concessions
- ^ Invest in Iceland Agency - Taxation in Iceland
- ^ UN salaries, tax - Nepali Times
- ^ eKantipur.com
- ^ International Tax and Business Guides - Economic Data - Statistics - Tax - EIU - The Economist - Foreign Investment - Deloitte Touche Tohmatsu
- ^ 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
- ^ VAT rates Sweden - Skatteverket
- ^ HM Revenue & Customs Budget 2008 Press Notice PN02
- ^ 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
- ^ [3], Chicago Cook County Board Approves 1% Sales Tax Hike, March 1, 2008,
