A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit. The list focuses on the main types of taxes: corporate tax (excluding dividend taxes), individual income tax, capital gains tax, wealth tax (excluding property tax), property tax, inheritance tax and sales tax (incl. VAT and GST).
Personal income tax includes all applicable taxes, including all unvested social security contributions. Vested social security contributions are not included as they contribute to the personal wealth and will be paid back upon retirement or emigration, either as lump sum or as pension. Only social security contributions without a ceiling can be included in the highest marginal tax rate as only those are effectively a tax for general distribution among the population.
The table is not exhaustive in representing the true tax burden to either the corporation or the individual in the listed country. The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective nation are in italics.
Tables
· Tax rates by countries and territories
Multi-metric bars
World heat map
Lowest
Lowest
Tax jurisdiction
Lowest
Corporate
Highest
Afghanistan
Afghanistan
Tax jurisdiction
Afghanistan
Corporate
20%
Individual income
0%
Individual income
20%
VAT or GSTor Sales
0% (however, in Taliban run areas pre-Taliban rule, small fees were illegally added to groceries)
Further reading
Taxation in Afghanistan
Albania
Albania
Tax jurisdiction
Albania
Corporate
15%
Individual income
0%
Individual income
23%
Capital gains
15%
VAT or GSTor Sales
20% (standard)6% (tourism services)
Further reading
Taxation in Albania
Algeria
Algeria
Tax jurisdiction
Algeria
Corporate
19–26%
Individual income
0%
Individual income
35%
Capital gains
15%(resident) 20% (non-resident)
VAT or GSTor Sales
19% (standard)9% (basic items)
Further reading
Taxation in Algeria
American Samoa
American Samoa
Tax jurisdiction
American Samoa
Corporate
34%
Individual income
4%
Individual income
6%
Property
0%
VAT or GSTor Sales
0%
Further reading
Taxation in American Samoa
Andorra
Andorra
Tax jurisdiction
Andorra
Corporate
10%
Individual income
0%
Individual income
10%
VAT or GSTor Sales
4.5% (standard)9.5% (banking services)2.5%, 1% or 0% (reduced rates)
43.37% (12% + 1% mandatory insurance + 35% social security)
Inheritance / Estate
20% (standard)10% (reduced)
VAT or GSTor Sales
Taxation in Belarus
Belgium
Belgium
Tax jurisdiction
Belgium
Corporate
25%
Individual income
55%(single/secluded) 50% (legally married)
Individual income
60.45% (13.07% (mandatory social security tax), 50% (federal), 3–9% (municipal))
Wealth
No
Inheritance / Estate
80%
VAT or GSTor Sales
21% (standard)12% (restaurants)6% (essential and selected goods)
Further reading
Taxation in Belgium
Belize
Belize
Tax jurisdiction
Belize
Corporate
25% (general)
1.75% (small businesses with income below BZ$ 300.000)
19% (tourism related companies - incl. hotels and restaurants)
37.5% (banks and other financial institutions)
Individual income
25%
Individual income
0% (except in some specific cases)
Capital gains
No
Inheritance / Estate
12.5%
VAT or GSTor Sales
Taxation in Belize
Benin[citation needed]
Benin[citation needed]
Tax jurisdiction
Benin[citation needed]
Corporate
35%
Individual income
10%
Individual income
35%
VAT or GSTor Sales
18%
Further reading
Taxation in Benin
Bermuda
Bermuda
Tax jurisdiction
Bermuda
Corporate
0%
Individual income
0%
Inheritance / Estate
0%
VAT or GSTor Sales
Taxation in Bermuda
Bhutan
Bhutan
Tax jurisdiction
Bhutan
Corporate
26%
Individual income
0%
Individual income
25%
VAT or GSTor Sales
—
Further reading
Taxation in Bhutan
Bolivia
Bolivia
Tax jurisdiction
Bolivia
Corporate
29%
Individual income
0%
Individual income
25%
VAT or GSTor Sales
13%
Further reading
Taxation in Bolivia
Bosnia and Herzegovina
Bosnia and Herzegovina
Tax jurisdiction
Bosnia and Herzegovina
Corporate
10%
Individual income
10%
Inheritance / Estate
17%
VAT or GSTor Sales
Taxation in Bosnia and Herzegovina
Botswana
Botswana
Tax jurisdiction
Botswana
Corporate
22%
Individual income
0%
Individual income
25%
Capital gains
25%
VAT or GSTor Sales
14%
Further reading
Taxation in Botswana
Brazil
Brazil
Tax jurisdiction
Brazil
Corporate
40% (highest rate for financial institutions, insurance and capitalisation companies) 24–34% (general)15% (+10% in profits exceeding BR$ 20.000 + 9% Social Contribution Tax or 15% for financial institutions, insurance and capitalisation companies)
Individual income
0%
Individual income
27.5%
Capital gains
22.5%
Inheritance / Estate
8%
VAT or GSTor Sales
20–30.7%
Further reading
Taxation in Brazil
Brunei
Brunei
Tax jurisdiction
Brunei
Corporate
1% (sole proprietorships and partnerships)
18.5% (all other businesses)
Individual income
0%
Individual income
0%
Inheritance / Estate
—
VAT or GSTor Sales
Taxation in Brunei
Bulgaria
Bulgaria
Tax jurisdiction
Bulgaria
Corporate
10% (+5% on distribution of profit)
Individual income
10%
Individual income
10%
VAT or GSTor Sales
20% (9% on hotel and camping accommodation)
Further reading
Taxation in Bulgaria
Burkina Faso
Burkina Faso
Tax jurisdiction
Burkina Faso
Corporate
27.5%
Individual income
0%
Individual income
25%
VAT or GSTor Sales
18%
Further reading
Taxation in Burkina Faso
Burundi
Burundi
Tax jurisdiction
Burundi
Corporate
35%
Individual income
0%
Individual income
35%
VAT or GSTor Sales
18%
Further reading
Taxation in Burundi
Cambodia
Cambodia
Tax jurisdiction
Cambodia
Corporate
20%
Individual income
0%
Individual income
20%
VAT or GSTor Sales
10%
Further reading
Taxation in Cambodia
Cameroon
Cameroon
Tax jurisdiction
Cameroon
Corporate
31.5%
Individual income
10%
Individual income
35%
VAT or GSTor Sales
19.25%
Further reading
Taxation in Cameroon
Canada
Canada
Tax jurisdiction
Canada
Corporate
26.5–31% (higher)9–13% (lower)
Individual income
19% (15% federal + 4% in Nunavut) 27.53% (12.53% federal + 15% in Quebec)
Individual income
58.50% (33% federal + 25.5% in Quebec)
44.5% (33% federal + 11.5% in Nunavut)
Capital gains
27%
Wealth
No
Inheritance / Estate
No, however the deceased is considered to have sold all of his or her capital property for Fair Market Value immediately prior to death and capital gains are 50% taxable and added to all other income of the deceased on their final return.
VAT or GSTor Sales
5% (5% federal tax in Alberta) to 15% (5% federal tax + 10% provincial tax in New Brunswick)
Further reading
Taxation in Canada
Cape Verde
Cape Verde
Tax jurisdiction
Cape Verde
Corporate
25%
Individual income
16.5%
Individual income
27.5%
VAT or GSTor Sales
15%
Further reading
Taxation in Cape Verde
Cayman Islands
Cayman Islands
Tax jurisdiction
Cayman Islands
Corporate
0%
Individual income
0%
Inheritance / Estate
0%
VAT or GSTor Sales
Taxation in the Cayman Islands
Central African Republic
Central African Republic
Tax jurisdiction
Central African Republic
Corporate
30%
Individual income
—
Individual income
50%
VAT or GSTor Sales
19%
Further reading
Taxation in the Central African Republic
Chad
Chad
Tax jurisdiction
Chad
Corporate
20%
Individual income
—
Individual income
—
Capital gains
—
VAT or GSTor Sales
—
Further reading
Taxation in Chad
Chile
Chile
Tax jurisdiction
Chile
Corporate
25–27%
Individual income
0% (for monthly taxable incomes under US$950)
Individual income
40% (for monthly taxable incomes over US$190,000)
Capital gains
10%
Wealth
No
Inheritance / Estate
25%
VAT or GSTor Sales
19%
Further reading
Taxation in Chile
China
China
Tax jurisdiction
China
Corporate
25% (standard)
15% (concession rate for high-tech companies)
Individual income
0%
Individual income
45%
Capital gains
20%
Property
0% - The Chinese government owns all lands in China and the government does not tax homeowners.
Inheritance / Estate
0%
VAT or GSTor Sales
13% (standard)9% (energy, books, transportation, etc.)6% (other services)0% (goods and services for export)
Further reading
Taxation in China
Colombia
Colombia
Tax jurisdiction
Colombia
Corporate
35%
Individual income
0%
Individual income
35% (non-labor income)39% (labor income)
Capital gains
10% (standard)20% (lotteries, gaming, or similar activities)
Wealth
Yes
VAT or GSTor Sales
19% (standard)5% or 0% (reduced rates)
Further reading
Taxation in Colombia
Comoros
Comoros
Tax jurisdiction
Comoros
Corporate
35%
Individual income
—
Individual income
—
Capital gains
—
VAT or GSTor Sales
—
Further reading
Taxation in the Comoros
Cook Islands
Cook Islands
Tax jurisdiction
Cook Islands
Corporate
20–30%
Individual income
18.5%
Individual income
30%
Property
0%
VAT or GSTor Sales
15%
Further reading
Taxation in the Cook Islands
DR Congo
DR Congo
Tax jurisdiction
DR Congo
Corporate
35%
Individual income
0%
Individual income
40%
VAT or GSTor Sales
5–20%
Further reading
Taxation in the Democratic Republic of the Congo
Congo
Congo
Tax jurisdiction
Congo
Corporate
30%
Individual income
—
Individual income
—
VAT or GSTor Sales
18.9%
Further reading
Taxation in the Republic of the Congo
Costa Rica
Costa Rica
Tax jurisdiction
Costa Rica
Corporate
30%
Individual income
0%
Individual income
25%
Wealth
No
VAT or GSTor Sales
13% (standard)4% (private healthcare and plane tickets)2% (medicines and private education)1% (essential foods and agriculture)
Further reading
Taxation in Costa Rica
Croatia
Croatia
Tax jurisdiction
Croatia
Corporate
18% (over 3 million kn)12% (under 3 million kn)
Individual income
12%
Individual income
40%
Capital gains
10%
Inheritance / Estate
5%
VAT or GSTor Sales
25% (standard)13% (certain essential groceries)
Further reading
Taxation in Croatia
Cuba
Cuba
Tax jurisdiction
Cuba
Corporate
30%
Individual income
15%
Individual income
50%
VAT or GSTor Sales
2.5–20%
Further reading
Taxation in Cuba
Curaçao
Curaçao
Tax jurisdiction
Curaçao
Corporate
22%
Individual income
9.75%
Individual income
46.5%
VAT or GSTor Sales
6%, 7% or 9%
Further reading
Taxation in Curaçao
Cyprus
Cyprus
Tax jurisdiction
Cyprus
Corporate
12.5%
Individual income
0%
Individual income
35%
Capital gains
20%
VAT or GSTor Sales
19% (standard)5% or 0% (reduced rates)
Further reading
Taxation in Cyprus
Czech Republic
Czech Republic
Tax jurisdiction
Czech Republic
Corporate
21%
Individual income
20.1% (15% deductible tax + 45% healthcare and social security if an employee, 22.5% if self-employed)
Individual income
45.7% (peaks for employee gross annual income of $90,000 or more)39% (for gross annual income of $450,000 or more)[citation needed]
Capital gains
15%
Wealth
No
VAT or GSTor Sales
21% (standard)12% (reduced)
Further reading
Taxation in the Czech Republic
Denmark
Denmark
Tax jurisdiction
Denmark
Corporate
22–25% (depending on business)
Individual income
39.86% (34.63% for unemployed; first DKK46,000 / US$7,245 / €6,172 per year is deductible)
Individual income
52.07%
Capital gains
42%
Wealth
No
Inheritance / Estate
15%
VAT or GSTor Sales
25%
Further reading
Taxation in Denmark
Djibouti
Djibouti
Tax jurisdiction
Djibouti
Corporate
25%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Djibouti
Dominica
Dominica
Tax jurisdiction
Dominica
Corporate
25%
Individual income
0%
Individual income
35%
VAT or GSTor Sales
15%
Further reading
Taxation in Dominica
Dominican Republic
Dominican Republic
Tax jurisdiction
Dominican Republic
Corporate
27%
Individual income
0%
Individual income
25%
Capital gains
27%
VAT or GSTor Sales
18%
Further reading
Taxation in the Dominican Republic
Timor-Leste
Timor-Leste
Tax jurisdiction
Timor-Leste
Corporate
10%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in East Timor
Ecuador
Ecuador
Tax jurisdiction
Ecuador
Corporate
25%
Individual income
0%
Individual income
35%
Capital gains
35%
Inheritance / Estate
35%
VAT or GSTor Sales
12% (standard)15% (luxury goods)0% (exports)
Further reading
Taxation in Ecuador
Egypt
Egypt
Tax jurisdiction
Egypt
Corporate
22.5% (on taxable corporate profits)(+ 5% on distribution of profit)
0% (20% on distribution or 14% on distribution below the 3 previous years average)
Individual income
6.9% (for minimum wage full-time work in 2024; excluding social security taxes paid by the employer)
Individual income
23.6% (for employees earning over €25,200 per year in 2024: includes 20% flat income tax + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer and taxes on dividends
Capital gains
20%
Wealth
No
Inheritance / Estate
0%
VAT or GSTor Sales
22% (standard)9% (reduced)
Further reading
Taxation in Estonia
Eswatini (Swaziland)
Eswatini (Swaziland)
Tax jurisdiction
Eswatini (Swaziland)
Corporate
27.5%
Individual income
0%
Individual income
33%
VAT or GSTor Sales
15%
Further reading
Taxation in Eswatini
Ethiopia
Ethiopia
Tax jurisdiction
Ethiopia
Corporate
30%
Individual income
0%
Individual income
35%
VAT or GSTor Sales
—
Further reading
Taxation in Ethiopia
Falkland Islands
Falkland Islands
Tax jurisdiction
Falkland Islands
Corporate
26%
Individual income
0%
Individual income
26%
Capital gains
15%
VAT or GSTor Sales
0%
Further reading
Taxation in the Falkland Islands
Faroe Islands
Faroe Islands
Tax jurisdiction
Faroe Islands
Corporate
18%
Individual income
20%
Property
0%
Further reading
Taxation in the Faroe Islands
Micronesia
Micronesia
Tax jurisdiction
Micronesia
Corporate
21%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Micronesia
Fiji
Fiji
Tax jurisdiction
Fiji
Corporate
20%
Individual income
0%
Individual income
20%
VAT or GSTor Sales
9%
Further reading
Taxation in Fiji
Finland
Finland
Tax jurisdiction
Finland
Corporate
20%
18% (from 2027)
Individual income
8.4% (social security tax)
Individual income
53.61% (in Halsua for the members of the Orthodox Church of Finland: 31.25% national tax rate + 23.5% municipal tax + 9.9% social security tax + 2.1% church tax)
Capital gains
34%
Wealth
No
Inheritance / Estate
33%
VAT or GSTor Sales
25.5% (standard)14% (food and fodder)10% (medicines and public transport)
19.6% (social security contributions)
0% (earning under €11,604 per year)
Individual income
45% (+ 39.2% social security contributions up to €90,600 per year, half paid by employer (14.6% health + 18.6% pension + 3.4% care + 2.6% unemployment))
Capital gains
25%
Wealth
Inactive
Property
Yes
Inheritance / Estate
50%
VAT or GSTor Sales
19% (standard)7% (reduced)
Further reading
Taxation in Germany
Georgia
Georgia
Tax jurisdiction
Georgia
Corporate
0% (15% on distribution of profit)
Individual income
20% (5% on dividend, interest and royalty)
Property
0%
Inheritance / Estate
18%
VAT or GSTor Sales
Taxation in Georgia
Ghana
Ghana
Tax jurisdiction
Ghana
Corporate
25%
Individual income
25%
Individual income
—
VAT or GSTor Sales
3%
Further reading
Taxation in Ghana
Gibraltar
Gibraltar
Tax jurisdiction
Gibraltar
Corporate
10%
Individual income
17%
Individual income
40%
VAT or GSTor Sales
0%
Further reading
Taxation in Gibraltar
Greece
Greece
Tax jurisdiction
Greece
Corporate
22%
Individual income
9% (zero tax for annual income under €8633,33)
Individual income
44%
Capital gains
15%
Wealth
No
Inheritance / Estate
20%
VAT or GSTor Sales
24% (standard)13% (food, health and tourism services)6% (theater tickets, books and medicine)VAT is reduced by 30% for the islands of Leros, Lesvos, Kos, Samos, Chios (i.e., 17%, 9%, 4%).
Further reading
Taxation in Greece
Greenland
Greenland
Tax jurisdiction
Greenland
Corporate
25%
Individual income
44%
Property
0%
VAT or GSTor Sales
0%
Further reading
Taxation in Greenland
Grenada
Grenada
Tax jurisdiction
Grenada
Corporate
28%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Grenada
Guatemala
Guatemala
Tax jurisdiction
Guatemala
Corporate
25%
Individual income
5%
Individual income
7%
VAT or GSTor Sales
12%
Further reading
Taxation in Guatemala
Guernsey
Guernsey
Tax jurisdiction
Guernsey
Corporate
0%
Individual income
0% (earning under £658.67 per month)
Individual income
20% (+ 6.6–11.3% Social Security)
Inheritance / Estate
Document duty charged on real estate transfers from estates.
30% (higher rate for financial companies)25% (standard)20% (reduced rate for manufacturing companies)(+ 5% on profit distribution + 10% mandatory bonus to employees)
Individual income
0% (+ 1% social security tax)
Individual income
36% (Including 20% additional tax)
VAT or GSTor Sales
13% (standard)288% (for imported vehicles)
Further reading
Taxation in Nepal
Netherlands
Netherlands
Tax jurisdiction
Netherlands
Corporate
25% (over €245,000)15% (under €245,000)
Individual income
0% (first €8,700 per year is tax free)
Individual income
49.5%
Capital gains
36%
Wealth
No
Inheritance / Estate
40%, 36%, 20% (total value > €154.179)20%, 18%, 10% (total value < €154.179)
VAT or GSTor Sales
21% (standard)9% (essential and selected goods)
Further reading
Taxation in the Netherlands
New Zealand
New Zealand
Tax jurisdiction
New Zealand
Corporate
28%
Individual income
10.5%
Individual income
39%
Wealth
No
Inheritance / Estate
0%
VAT or GSTor Sales
15%
Further reading
Taxation in New Zealand
New Caledonia
New Caledonia
Tax jurisdiction
New Caledonia
Corporate
30%
Individual income
0%
Individual income
40% (residents)25% (non-residents)
VAT or GSTor Sales
—
Further reading
Taxation in New Caledonia
Nicaragua
Nicaragua
Tax jurisdiction
Nicaragua
Corporate
30%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Nicaragua
Niger
Niger
Tax jurisdiction
Niger
Corporate
30%
Individual income
—
Individual income
—
VAT or GSTor Sales
7%
Further reading
Taxation in Niger
Nigeria
Nigeria
Tax jurisdiction
Nigeria
Corporate
30%
Individual income
7%
Individual income
24%
VAT or GSTor Sales
7.5%
Further reading
Taxation in Nigeria
Niue
Niue
Tax jurisdiction
Niue
Corporate
0%
Individual income
—
Individual income
—
VAT or GSTor Sales
12.5%
Further reading
Taxation in Niue
Norfolk Island
Norfolk Island
Tax jurisdiction
Norfolk Island
Corporate
0%
Individual income
—
Individual income
—
Property
0%
VAT or GSTor Sales
—
Further reading
Taxation in Norfolk Island
North Macedonia
North Macedonia
Tax jurisdiction
North Macedonia
Corporate
10%
Individual income
10%
Individual income
18%
VAT or GSTor Sales
18% (standard)5% (reduced)
Further reading
Taxation in North Macedonia
Norway
Norway
Tax jurisdiction
Norway
Corporate
22%
Individual income
0% (for yearly income under 100,000 NOK)
Individual income
47.4%
Capital gains
37.84%
Wealth
Yes
Inheritance / Estate
0%
VAT or GSTor Sales
25% (standard rate)15% (food and drink)12% (transportation, cinema and hotel services)
19% (9% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €1.2 million and that have "small taxpayer" status)
Individual income
9% (under 30.000 złotych per year, 0% income tax, 9% Health Insurance(non-deductible))
Individual income
41% or 45% (32% + 9% health insurance + 4% solidarity tax above 1.000.000 złotych per year)
23.9% or 27.9% (self employed: not deduction first 30.000 złotych, 19% + 4.9% health insurance +4% solidarity tax above 1 million złotych)
Capital gains
19%
Wealth
No
Inheritance / Estate
7%
VAT or GSTor Sales
23% (standard)8% or 5% (reduced rates)
Further reading
Taxation in Poland
Portugal
Portugal
Tax jurisdiction
Portugal
Corporate
20% (in mainland)
Individual income
13%
Individual income
56.03% (48% income tax + 5% solidarity rate + 11% social security)
Capital gains
28%
Wealth
No
Inheritance / Estate
0%
VAT or GSTor Sales
23% (standard)13% (intermediate)6% (reduced)
Further reading
Taxation in Portugal
Puerto Rico
Puerto Rico
Tax jurisdiction
Puerto Rico
Corporate
20%
Individual income
0% (16% proposed)
Individual income
33.34%
VAT or GSTor Sales
11.5%
Further reading
Taxation in Puerto Rico
Qatar
Qatar
Tax jurisdiction
Qatar
Corporate
10%
Individual income
0%
Inheritance / Estate
0%
VAT or GSTor Sales
Taxation in Qatar
Romania
Romania
Tax jurisdiction
Romania
Corporate
16% (or 1% revenue for micro-entities with at least one employee, or 3% for micro-enterprises with no employees)
Individual income
35% (25% social security (CAS) + 10% health insurance (CASS) + 0% income tax for people with disabilities. 0% income tax for IT workers earning less than 10000 RON).
Individual income
45% (25% social security (CAS) + 10% health insurance (CASS) + 10% income tax after CAS and CASS)
Self employed (PFA):
(25% CAS if earning more than 12 minimum wages in a year + 10% CASS, taxable sum capped at 12 minimum wages per year, e.g. you pay a maximum of 2280 RON as CASS contribution in 2018 if you earn over RON 22,800 for the whole year + 10% income tax)
Capital gains
10%
VAT or GSTor Sales
19% (standard)9% (food, medicines, books, newspapers and hotel services)5% (reduced)
Further reading
Taxation in Romania
Russia
Russia
Tax jurisdiction
Russia
Corporate
20%
Individual income
13%
Individual income
22% (earning over 50 million roubles a year)
35% (non-residents)
Inheritance / Estate
0%
VAT or GSTor Sales
20% (standard)10% (books, certain items of food and children goods)0% (house or flat)
Further reading
Taxation in Russia
Rwanda
Rwanda
Tax jurisdiction
Rwanda
Corporate
30%
Individual income
0%
Individual income
30%
VAT or GSTor Sales
18%
Further reading
Taxation in Rwanda
Saint Kitts and Nevis
Saint Kitts and Nevis
Tax jurisdiction
Saint Kitts and Nevis
Corporate
33%
Individual income
0%
Inheritance / Estate
—
VAT or GSTor Sales
Taxation in Saint Kitts and Nevis
Saint Barthélemy
Saint Barthélemy
Tax jurisdiction
Saint Barthélemy
Corporate
0%
Individual income
0%
Individual income
0%
VAT or GSTor Sales
0%
Further reading
Taxation in Saint Barthélémy
Saint Lucia
Saint Lucia
Tax jurisdiction
Saint Lucia
Corporate
30%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Saint Lucia
Saint Martin
Saint Martin
Tax jurisdiction
Saint Martin
Corporate
20% (10% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €40,000)
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Saint Martin
Saint Pierre and Miquelon
Saint Pierre and Miquelon
Tax jurisdiction
Saint Pierre and Miquelon
Corporate
33.3% (15% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €600,000)
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Saint Pierre and Miquelon
Saint Vincent and the Grenadines
Saint Vincent and the Grenadines
Tax jurisdiction
Saint Vincent and the Grenadines
Corporate
30%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Saint Vincent and the Grenadines
Samoa
Samoa
Tax jurisdiction
Samoa
Corporate
27%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Samoa
San Marino
San Marino
Tax jurisdiction
San Marino
Corporate
17%
Individual income
9%
Individual income
35%
VAT or GSTor Sales
0% (standard)17% (imported goods)
Further reading
Taxation in San Marino
São Tomé and Príncipe
São Tomé and Príncipe
Tax jurisdiction
São Tomé and Príncipe
Corporate
25%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in São Tomé and Príncipe
Sark
Sark
Tax jurisdiction
Sark
Corporate
0%
Individual income
0%
Individual income
0%
Capital gains
0%
Wealth
There are taxes on property and personal capital, maximum at £6,500.
Property
Document duty charged on real estate transfers from estates performed by a Guernsey Advocate.
Inheritance / Estate
0%
VAT or GSTor Sales
Taxation in Sark
Saudi Arabia
Saudi Arabia
Tax jurisdiction
Saudi Arabia
Corporate
2.5% (fully Saudi national owned businesses)
2.5–15% (taxed at Zakat rate 2.5% for the Saudi percentage of ownership, 15% for all other ownership)
Individual income
0%
Inheritance / Estate
15% (standard)
5% (real estate transactions rate)
VAT or GSTor Sales
Taxation in Saudi Arabia
Senegal
Senegal
Tax jurisdiction
Senegal
Corporate
25%
Individual income
0%
Individual income
50%
VAT or GSTor Sales
20%
Further reading
Taxation in Senegal
Serbia
Serbia
Tax jurisdiction
Serbia
Corporate
15%
Individual income
10%
Individual income
25% (additional contributions for state health, pension and unemployment funds)
5% (special exempt companies)
15% (most other companies)
Further reading
Taxation in Sudan
Suriname
Suriname
Tax jurisdiction
Suriname
Corporate
36%
Individual income
8% (first SRD2,646 per year is deductible)
Individual income
38%
VAT or GSTor Sales
—
Further reading
Taxation in Suriname
Svalbard
Svalbard
Tax jurisdiction
Svalbard
Corporate
16%
Individual income
8%
Individual income
22%
Capital gains
0%
Inheritance / Estate
0%
VAT or GSTor Sales
0%
Further reading
Taxation in Norway
Sweden
Sweden
Tax jurisdiction
Sweden
Corporate
20.6%
Individual income
32% (first US$1,930 per year is deductible)
Individual income
45.6% (32% average municipality income tax + 20% state income tax)
Capital gains
30%
Wealth
No
Inheritance / Estate
0%
VAT or GSTor Sales
25% (standard)12% or 6% (reduced rates)
Further reading
Taxation in Sweden
Switzerland
Switzerland
Tax jurisdiction
Switzerland
Corporate
17.92%
Individual income
0%
Individual income
50.14% 10.6%(mandatory social security contributions) 11.5% (federal) 28.025% (cantonal, Geneva) 9.69% (communal, Avully and Chancy, both canton of Geneva) 3.04% (church tax, roman catholic and protestant in Geneva)
Wealth
Yes
Inheritance / Estate
0%
VAT or GSTor Sales
8.1% (standard)3.8% or 2.5% (reduced rates)
Further reading
Taxation in Switzerland
Syria
Syria
Tax jurisdiction
Syria
Corporate
22%
Individual income
5%
Individual income
15%
VAT or GSTor Sales
—
Further reading
Taxation in Syria
Taiwan
Taiwan
Tax jurisdiction
Taiwan
Corporate
20%
Individual income
5%
Individual income
40%
Inheritance / Estate
20%
VAT or GSTor Sales
5%
Further reading
Taxation in Taiwan
Tajikistan
Tajikistan
Tax jurisdiction
Tajikistan
Corporate
13% (residents)25% (non-residents)
Individual income
5%
Individual income
13% (residents)25% (non-residents)
VAT or GSTor Sales
18%
Further reading
Taxation in Tajikistan
Tanzania
Tanzania
Tax jurisdiction
Tanzania
Corporate
30%
Individual income
15%
Individual income
30%
VAT or GSTor Sales
14%
Further reading
Taxation in Tanzania
Thailand
Thailand
Tax jurisdiction
Thailand
Corporate
20%
Individual income
0%
Individual income
35%
VAT or GSTor Sales
7%
Further reading
Taxation in Thailand
Togo
Togo
Tax jurisdiction
Togo
Corporate
27%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Togo
Tokelau
Tokelau
Tax jurisdiction
Tokelau
Corporate
0%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Tokelau
Tonga
Tonga
Tax jurisdiction
Tonga
Corporate
25%
Individual income
—
Individual income
—
VAT or GSTor Sales
—
Further reading
Taxation in Tonga
Trinidad and Tobago
Trinidad and Tobago
Tax jurisdiction
Trinidad and Tobago
Corporate
30%
Individual income
0%
Individual income
25% (annual chargeable income less than $1 million)30% (annual chargeable income over $1 million)
2% (non-refundable turnover tax during martial law)
Further reading
Taxation in Ukraine
United Arab Emirates
United Arab Emirates
Tax jurisdiction
United Arab Emirates
Corporate
0% (free zone companies, as well as mainland companies with less than 375,000 AED a year in profit, may need to fill out a tax return)
9% (for mainland companies with a net profit over AED 375,000 annually, taxation paid to other countries credited towards UAE taxation, tax return required)
Individual income
0%
Individual income
0%
Inheritance / Estate
5%
VAT or GSTor Sales
Taxation in the United Arab Emirates
United Kingdom
United Kingdom
Tax jurisdiction
United Kingdom
Corporate
19–25%
Individual income
0% (up to £12,570)
Individual income
62% (40% income tax on the £100–125k band + 20% phase-out of personal allowance + 2% employee National Insurance)
Capital gains
24%
Wealth
No
Inheritance / Estate
40%
VAT or GSTor Sales
20% (standard)5% (home energy and renovations)0% (life necessities, public transport, children's clothing, books and periodicals)
Further reading
Taxation in the United Kingdom
United States
United States
Tax jurisdiction
United States
Corporate
21% (federal)up to 21% (with credit of tax paid towards other countries)
Individual income
10% (federal) +0–3.07% (state) +0–3.8398% (local) (federal standard deduction of 12550 USD for single taxpayers)
SMEs, up to a taxable profit of €15,000) 16.8% (general)
0% (for monthly salaries up to €654 + social security charges)
for monthly salaries above €25,200 + social security charges)
4% (reduced) 9% (intermediate) 16% (standard)
Taxation in Portugal
Bahamas
0%
0%
social security tax)
12% (standard)
Taxation in the Bahamas
Bahrain
0%
0%
10% (standard rate)0% (essential goods)
Taxation in Bahrain
Bangladesh
32.5%
0%
25%
15%
Taxation in Bangladesh
Barbados[citation needed]
under BBD$1 million)3.0% (BBD$1–20 million)2.5% (BBD$20–30 million)1.0% (over BBD$30 million)
25%
38%
standard)7.5% (hotel services)
Taxation in Barbados
Belarus
20%
mandatory insurance + 35% social security)
20% (standard)10% (reduced)
Taxation in Belarus
Belgium
25%
55%(single/secluded) 50% (legally married)
mandatory social security tax), 50% (federal), 3–9% (municipal))
No
80%
21% (standard)12% (restaurants)6% (essential and selected goods)
Taxation in Belgium
Belize
25% (general) 1.75% (small businesses with income below BZ$ 300.000) 19% (tourism related companies - incl. hotels and restaurants) 37.5% (banks and other financial institutions)
25%
0% (except in some specific cases)
No
12.5%
Taxation in Belize
Benin[citation needed]
35%
10%
35%
18%
Taxation in Benin
Bermuda
0%
0%
0%
Taxation in Bermuda
Bhutan
26%
0%
25%
—
Taxation in Bhutan
Bolivia
29%
0%
25%
13%
Taxation in Bolivia
Bosnia and Herzegovina
10%
10%
17%
Taxation in Bosnia and Herzegovina
Botswana
22%
0%
25%
25%
14%
Taxation in Botswana
Brazil
40% (highest rate for financial institutions, insurance and capitalisation companies) 24–34% (general)15% (+10% in profits exceeding BR$ 20.000 + 9% Social Contribution Tax or 15% for financial institutions, insurance and capitalisation companies)
0%
27.5%
22.5%
8%
20–30.7%
Taxation in Brazil
Brunei
1% (sole proprietorships and partnerships) 18.5% (all other businesses)
0%
0%
—
Taxation in Brunei
Bulgaria
10% (+5% on distribution of profit)
10%
10%
20% (9% on hotel and camping accommodation)
Taxation in Bulgaria
Burkina Faso
27.5%
0%
25%
18%
Taxation in Burkina Faso
Burundi
35%
0%
35%
18%
Taxation in Burundi
Cambodia
20%
0%
20%
10%
Taxation in Cambodia
Cameroon
31.5%
10%
35%
19.25%
Taxation in Cameroon
Canada
higher)9–13% (lower)
19% (15% federal + 4% in Nunavut) 27.53% (12.53% federal + 15% in Quebec)
federal + 25.5% in Quebec) 44.5% (33% federal + 11.5% in Nunavut)
27%
No
No, however the deceased is considered to have sold all of his or her capital property for Fair Market Value immediately prior to death and capital gains are 50% taxable and added to all other income of the deceased on their final return.
5% (5% federal tax in Alberta) to 15% (5% federal tax + 10% provincial tax in New Brunswick)
Taxation in Canada
Cape Verde
25%
16.5%
27.5%
15%
Taxation in Cape Verde
Cayman Islands
0%
0%
0%
Taxation in the Cayman Islands
Central African Republic
30%
—
50%
19%
Taxation in the Central African Republic
Chad
20%
—
—
—
—
Taxation in Chad
Chile
25–27%
0% (for monthly taxable incomes under US$950)
40% (for monthly taxable incomes over US$190,000)
10%
No
25%
19%
Taxation in Chile
China
25% (standard) 15% (concession rate for high-tech companies)
0%
45%
20%
0% - The Chinese government owns all lands in China and the government does not tax homeowners.
0%
13% (standard)9% (energy, books, transportation, etc.)6% (other services)0% (goods and services for export)
Taxation in China
Colombia
35%
0%
35% (non-labor income)39% (labor income)
10% (standard)20% (lotteries, gaming, or similar activities)
Yes
19% (standard)5% or 0% (reduced rates)
Taxation in Colombia
Comoros
35%
—
—
—
—
Taxation in the Comoros
Cook Islands
20–30%
18.5%
30%
0%
15%
Taxation in the Cook Islands
DR Congo
35%
0%
40%
5–20%
Taxation in the Democratic Republic of the Congo
Congo
30%
—
—
18.9%
Taxation in the Republic of the Congo
Costa Rica
30%
0%
25%
No
13% (standard)4% (private healthcare and plane tickets)2% (medicines and private education)1% (essential foods and agriculture)
Taxation in Costa Rica
References
Businesses with annual turnover above A$2 million pay 30%, all other business pay the lower 26% rate.
Excludes 2% Medicare levy.Excludes 1.5% Medicare Levy Surcharge Previously 50.5%, which included an additional 2% 'defic
While there is no sales tax or GST, the Cayman Islands impose various import duties on goods imported to the island nati
Rates are for other inheritors, grandchildren & further descendants, and partners & children respectively.
