Comparing tax rates across 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 personal wealth and will be repaid upon retirement or emigration, either as a lump sum or as a 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 USA and Canada) are averages and vary by state or province. Territories with different rates from their respective nations 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 GST
or Sales
0% (however, in Taliban run areas pre-Taliban rule, small fees were illegally added to groceries)
21% (standard)
12% (restaurants)
6% (essential and selected goods)
Further reading
Taxation in Belgium
Belize
Belize
Tax jurisdiction
Belize
Corporate
25% (general)
1 % (small businesses with income below BZ$ 300 )
19% (tourism related companies - incl. hotels and restaurants)
37 % (banks and other financial institutions)
Individual income
25%
Individual income
0% (except in some specific cases)
Capital gains
No
Inheritance / Estate
12 %
VAT or GST
or Sales
Taxation in Belize
Benin
Benin
Tax jurisdiction
Benin
Corporate
35%
Individual income
10%
Individual income
35%
VAT or GST
or Sales
18%
Further reading
Taxation in Benin
Bermuda
Bermuda
Tax jurisdiction
Bermuda
Corporate
0%
Individual income
0%
Inheritance / Estate
0%
VAT or GST
or Sales
Taxation in Bermuda
Bhutan
Bhutan
Tax jurisdiction
Bhutan
Corporate
26%
Individual income
0%
Individual income
25%
VAT or GST
or Sales
—N/a
Further reading
Taxation in Bhutan
Bolivia
Bolivia
Tax jurisdiction
Bolivia
Corporate
29%
Individual income
0%
Individual income
25%
VAT or GST
or 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 GST
or Sales
Taxation in Bosnia and Herzegovina
Botswana
Botswana
Tax jurisdiction
Botswana
Corporate
22%
Individual income
0%
Individual income
25%
Capital gains
25%
VAT or GST
or 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 + 9% Social Contribution Tax or 15% for financial institutions, insurance and capitalisation companies)
Individual income
0%
Individual income
27 %
Capital gains
22 %
Inheritance / Estate
8%
VAT or GST
or Sales
20–30 %
Further reading
Taxation in Brazil
Brunei
Brunei
Tax jurisdiction
Brunei
Corporate
1% (sole proprietorships and partnerships)
18 % (all other businesses)
Individual income
0%
Individual income
0%
Inheritance / Estate
—N/a
VAT or GST
or Sales
Taxation in Brunei
Bulgaria
Bulgaria
Tax jurisdiction
Bulgaria
Corporate
10% (+5% on distribution of profit)
Individual income
10%
Individual income
10%
VAT or GST
or Sales
20% (9% on hotel and camping accommodation)
Further reading
Taxation in Bulgaria
Burkina Faso
Burkina Faso
Tax jurisdiction
Burkina Faso
Corporate
27 %
Individual income
0%
Individual income
25%
VAT or GST
or Sales
18%
Further reading
Taxation in Burkina Faso
Burundi
Burundi
Tax jurisdiction
Burundi
Corporate
35%
Individual income
0%
Individual income
35%
VAT or GST
or Sales
18%
Further reading
Taxation in Burundi
Cambodia
Cambodia
Tax jurisdiction
Cambodia
Corporate
20%
Individual income
0%
Individual income
20%
VAT or GST
or Sales
10%
Further reading
Taxation in Cambodia
Cameroon
Cameroon
Tax jurisdiction
Cameroon
Corporate
31 %
Individual income
10%
Individual income
35%
VAT or GST
or Sales
19 %
Further reading
Taxation in Cameroon
Canada
Canada
Tax jurisdiction
Canada
Corporate
26 –31% (higher)
9–13% (lower)
Individual income
19% (15% federal + 4% in Nunavut) 27 % (12 % federal + 15% in Quebec)
Individual income
58 % (33% federal + 25 % in Quebec)
44 % (33% federal + 11 % in Nunavut)
Capital gains
27%
Wealth
No
Inheritance / Estate
No, however the deceased is considered to have sold all of their capital property for Fair Market Value immediately prior to death. Gains are added to income of the deceased on their final return.
VAT or GST
or 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 %
Individual income
27 %
VAT or GST
or 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 GST
or Sales
Taxation in the Cayman Islands
Central African Republic
Central African Republic
Tax jurisdiction
Central African Republic
Corporate
30%
Individual income
—N/a
Individual income
50%
VAT or GST
or Sales
19%
Further reading
Taxation in the Central African Republic
Chad
Chad
Tax jurisdiction
Chad
Corporate
20%
Individual income
—N/a
Individual income
—N/a
Capital gains
—N/a
VAT or GST
or Sales
—N/a
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 GST
or 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 GST
or 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 GST
or Sales
19% (standard)
5% or 0% (reduced rates)
Further reading
Taxation in Colombia
Comoros
Comoros
Tax jurisdiction
Comoros
Corporate
35%
Individual income
—N/a
Individual income
—N/a
Capital gains
—N/a
VAT or GST
or Sales
—N/a
Further reading
Taxation in the Comoros
Cook Islands
Cook Islands
Tax jurisdiction
Cook Islands
Corporate
20–30%
Individual income
18 %
Individual income
30%
Property
0%
VAT or GST
or 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 GST
or Sales
5–20%
Further reading
Taxation in the Democratic Republic of the Congo
Congo
Congo
Tax jurisdiction
Congo
Corporate
30%
Individual income
—N/a
Individual income
—N/a
VAT or GST
or Sales
18 %
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 GST
or 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 GST
or 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 GST
or Sales
2 –20%
Further reading
Taxation in Cuba
Curaçao
Curaçao
Tax jurisdiction
Curaçao
Corporate
22%
Individual income
9 %
Individual income
46 %
VAT or GST
or Sales
6%, 7% or 9%
Further reading
Taxation in Curaçao
Cyprus
Cyprus
Tax jurisdiction
Cyprus
Corporate
15%
Individual income
0%
Individual income
35%
Capital gains
20%
VAT or GST
or 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 % (15% deductible tax + 45% healthcare and social security if an employee, 22 % if self-employed)
Individual income
45 % (peaks for employee gross annual income of $90,000 or more)
39% (for gross annual income of $450,000 or more)
Capital gains
15%
Wealth
No
VAT or GST
or 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 % (34 % for unemployed; first DKK46,000 / US$7,245 / €6,172 per year is deductible)
Individual income
52 %
Capital gains
42%
Wealth
No
Inheritance / Estate
15%
VAT or GST
or Sales
25%
Further reading
Taxation in Denmark
Djibouti
Djibouti
Tax jurisdiction
Djibouti
Corporate
25%
Individual income
—N/a
Individual income
—N/a
VAT or GST
or Sales
—N/a
Further reading
Taxation in Djibouti
Dominica
Dominica
Tax jurisdiction
Dominica
Corporate
25%
Individual income
0%
Individual income
35%
VAT or GST
or 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 GST
or Sales
18%
Further reading
Taxation in the Dominican Republic
Timor-Leste
Timor-Leste
Tax jurisdiction
Timor-Leste
Corporate
10%
Individual income
—N/a
Individual income
—N/a
VAT or GST
or Sales
—N/a
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 GST
or Sales
12% (standard)
15% (luxury goods)
0% (exports)
Further reading
Taxation in Ecuador
Egypt
Egypt
Tax jurisdiction
Egypt
Corporate
22 % (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 % (for minimum wage full-time work in 2024; excluding social security taxes paid by the employer)
Individual income
23 % (for employees earning over €25,200 per year in 2024: includes 20% flat income tax + 2% mandatory pension contribution + 1 % 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 GST
or Sales
24% (standard)
9% (reduced)
Further reading
Taxation in Estonia
Eswatini (Swaziland)
Eswatini (Swaziland)
Tax jurisdiction
Eswatini (Swaziland)
Corporate
27 %
Individual income
0%
Individual income
33%
VAT or GST
or Sales
15%
Further reading
Taxation in Eswatini
Ethiopia
Ethiopia
Tax jurisdiction
Ethiopia
Corporate
30%
Individual income
0%
Individual income
35%
VAT or GST
or Sales
—N/a
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 GST
or 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
Federated States of Micronesia
Federated States of Micronesia
Tax jurisdiction
Federated States of Micronesia
Corporate
21%
Individual income
—N/a
Individual income
—N/a
VAT or GST
or Sales
—N/a
Further reading
Taxation in Micronesia
Fiji
Fiji
Tax jurisdiction
Fiji
Corporate
20%
Individual income
0%
Individual income
20%
VAT or GST
or Sales
9%
Further reading
Taxation in Fiji
Finland
Finland
Tax jurisdiction
Finland
Corporate
20%
18% (from 2027)
Individual income
8 % (social security tax)
Individual income
53 % (in Halsua for the members of the Orthodox Church of Finland: 31 % national tax rate + 23 % municipal tax + 9 % social security tax + 2 % church tax)
Capital gains
34%
Wealth
No
Inheritance / Estate
33%
VAT or GST
or Sales
25 % (standard)
14% (food and fodder)
10% (medicines and public transport)
21% (standard) 12% (restaurants) 6% (essential and selected goods)
Taxation in Belgium
Belize
25% (general) 1 % (small businesses with income below BZ$ 300 ) 19% (tourism related companies - incl. hotels and restaurants) 37 % (banks and other financial institutions)
25%
0% (except in some specific cases)
No
12 %
Taxation in Belize
Benin
35%
10%
35%
18%
Taxation in Benin
Bermuda
0%
0%
0%
Taxation in Bermuda
Bhutan
26%
0%
25%
—N/a
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 + 9% Social Contribution Tax or 15% for financial institutions, insurance and capitalisation companies)
0%
27 %
22 %
8%
20–30 %
Taxation in Brazil
Brunei
1% (sole proprietorships and partnerships) 18 % (all other businesses)
0%
0%
—N/a
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 %
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 %
10%
35%
19 %
Taxation in Cameroon
Canada
26 –31% (higher) 9–13% (lower)
19% (15% federal + 4% in Nunavut) 27 % (12 % federal + 15% in Quebec)
58 % (33% federal + 25 % in Quebec) 44 % (33% federal + 11 % in Nunavut)
27%
No
No, however the deceased is considered to have sold all of their capital property for Fair Market Value immediately prior to death. Gains are added to 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 %
27 %
15%
Taxation in Cape Verde
Cayman Islands
0%
0%
0%
Taxation in the Cayman Islands
Central African Republic
30%
—N/a
50%
19%
Taxation in the Central African Republic
Chad
20%
—N/a
—N/a
—N/a
—N/a
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%
—N/a
—N/a
—N/a
—N/a
Taxation in the Comoros
Cook Islands
20–30%
18 %
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%
—N/a
—N/a
18 %
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 1 % Medicare Levy Surcharge Previously 50 %, which included an additional 2% 'deficit levy' wh
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.
