- Tax rates around the world
-
"State tax" redirects here. For taxes in American states, see State tax levels in the United States.
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 graph below gives an indication by rank of some raw indicators.
Contents
Graphs
Income Tax rates by Country based on OECD 2005 data.[1]
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). Some other taxes (for instance property tax, substantial in many countries, such as USA) are not shown here. The table is not intended to represent the true tax burden to either the corporation or the individual in the listed country. Note that no distinction is made between "true" taxes, that pay for the government's general budget, and fees paid for specific social benefits such as health insurance or retirement pay. The ways these benefits are paid and defined vary by country, and the benefits paid for also vary by country.
Country/Region Corporate Individual Payroll tax (usually reduces taxable income) VAT / GST / Sales Primary tax articles
Afghanistan[2]20% 2% to 5%[3] Taxation in Afghanistan
Albania[2]10% 20%[4] Tax system in Albania
Algeria[5]19% 0–35% 17%[6] or 14% or 7%[7] Taxation in Algeria
Andorra[citation needed]N/A 0% N/A 4.5% or 1%[8] Taxation in Andorra
Angola[2]35% 1–60% 10%[9] Taxation in Angola
Argentina35% 9–35% 21%[10] Taxation in Argentina
Armenia[2]20% 20%[11] Taxation in Armenia
Aruba[2]28% Taxation in Aruba
Australia[12]30% 0–45% 1.5% (Medicare levy)
4.75-6% (state)[13] 10% GST (0% on essential items)[14]
Austria[2]25% 21–50% 20%[15] Taxation in Austria
Azerbaijan[16]20% 0–30% 18%[17] Taxation in Azerbaijan
Bahamas[18]0% 0% 0% 0% Taxation in The Bahamas
Bangladesh[5]0–45% 0–25% 15%[19] Taxation in Bangladesh
Barbados[20]25% 25%–35% 15%[21] (hotel accommodation 7.5%) Taxation in Barbados
Belarus[5]24% 12% 35% 20%[22] or 10% Taxation in Belarus
Belgium[2]33.99% 25–55% 21%[23] (6% for essential and selected goods) Taxation in Belgium
Benin[citation needed]35% 35% 18%[24] Taxation in Benin
Bhutan0–25%[25] Taxation in Bhutan
Bolivia25% (IUE: on profits) – 3% (IT: income resulting from transactions) N/A 13% (RC-IVA: Complementary Regime to the VAT – withholding tax - the employee can deduct it entirely using the bills from products or services acquired) 13%[26] (VAT) – multiple rates (ICE: Consumption of specific products) Taxation in Bolivia
Bosnia and Herzegovina10% FBiH, 10% RS[27] 5% FBiH, 0–15% RS[27] 33.76% FBiH, 42–57% RS[27] 17% FBiH and RS[27][28] Taxation in Bosnia
Botswana15% (plus 10% surcharge) 25% 12%[29] Taxation in Botswana
Brazil[2]34% 0–27.5% 31% 17% to 25%[30] Taxation in Brazil
Brunei23.5% 0% 0% N/A[31] Taxation in Brunei
Bulgaria10% 10% 20%[32] Taxation in Bulgaria
Burkina Faso10–30% 2-30% 18%[33] Taxation in Burkina Faso
Burundi[34]35% 35% N/A 18%[35] Taxation in Burundi
Cambodia10%[36] Taxation in Cambodia
Cameroon[5]38.5% 10–35% 19.25% Taxation in Cameroon
Canada[37]15%(11% small business reduced rate) (federal) 2–16% (provincial)
0–29% (federal) 0–24% (provincial)
4.95% (CPP) 1.78% Employment Insurance (EI)
5% (Federal GST) 0–10%(PST)[38]
Taxation in Canada
Cape Verde15%[39] Taxation in Cape Verde
Central African Republic19%[40] Taxation in Central African Republic
Chile[41]17% 0–40% 10% (AFP private retirement fund) + 2 to 3% (AFP administrative costs) + 7% (healthcare insurance) + 0.6% (unemployment insurance) = up to around 20% of income before taxes (each item has an upper payment limit) 19%[42] Taxation in Chile
China[2]25% 5–45% 17% with many exceptions[43] Tax system in China
Colombia[5]33% 0–33% 16%[44] Taxation in Colombia
Costa Rica10-30% 0-25% for non-salary income. Any salary below ¢651,000 (approx. $1,266.54) is tax free. 10% income tax for the difference between ¢651,000 to ¢977,000 (approx. $1,266.54 to $1,900.78). 15% for the remaining amount above ¢977,000 (approx. $1,900.78). As well a total of 10% over gross salary is applied to all workers to finance social security. 10% GST / 13% Sales[45] Taxation in Costa Rica
Croatia[5]20% 12%-25%-40% 37.2% (nationwide)[46]
0–18% (local)23%[47] (0% on books and some foods) Taxation in Croatia
Cuba[5]30% 10–50% 2.5% to 20%[48] Taxation in Cuba
Cyprus[2]10% 0–30% 6.8% 15%[49] (5% or 0% for certain goods) Taxation in Cyprus
Czech Republic[2]20% 15% 47.5% 20%[50] or 10% (certain goods) Taxation in Czech Republic
Denmark[51]25% 36.57–67% 8% 25% Taxation in Denmark
Egypt[52]20% 10–20% N/A 10% (standard), 25% (luxury goods), 0% (exports)[53] Taxation in Egypt
El Salvador25% 0–25% 13% Taxation in El Salvador
Estonia[2]21% 0–21% 33% 20% or 9% Taxation in Estonia
Finland[2]26% 6.5–30% national, 16–21% municipal 23%
13% (food and fodder)
9% (e.g. accommodation and culture)Taxation in Finland
France[2]33.33% 0–40% (income tax) 45% (social charges employers) 21% (social charges employees)
19.6% or 5.5% or 2.1% Taxation in France
Gabon35% 5–55% 2.6% 18% Taxation in Gabon
Germany29.8% (average) 0–45% 41%, 15% for one of the many public health insurances (fixed rate by law), as well as a solidarity tax (depending on income) and a 26% social security tax (retirement + unemployment) 19% or 7% (e.g. food) Taxation in Germany
Georgia[5]15% 20% 18% Taxation in Georgia
Gibraltar10% 17–40% N/A 0% Taxation in Gibraltar
Greece22/25% 0–45% 44% 23%[54] or 11% Taxation in Greece
Guatemala[5]5% of Revenue or
31% of Net Income15–31% 17.5% (Social Security, Recreation and Technical Training Institutes) 12% Taxation in Guatemala
Guyana[55]35%/45% 33⅓% 16% or 0% Taxation in Guyana
Hong Kong[56]16.5% 0–15% 5% mandatory personal defined contribution pension. 40% of Hong Kong Government revenue is from indirect taxation such as land sales [57] N/A - Taxation in Hong Kong
- Goods and Services Tax (Hong Kong)
Hungary10% and 19% 20.32% 50.5% 25% (27% from 1 January 2012) Taxation in Hungary
Iceland[5]20% 0–46.28% 6% 25.5% or 7% Taxation in Iceland
India[2]33.2175% 0–30% (+3% cess) 2%–12.5%
Indonesia25% starting FY 2010 5–30% 10% Taxation in Indonesia
Iran25% 0–35% 15–35% 1.5-10% depending on item Taxation in Iran
Ireland12.5%/25%/10% 0–41% 10.75%[58] 21% Goods
13.5% Services
0% Food
Israel24% 10–45% 16% Taxation in Israel
Italy31.4% 23–43% 21% or 10% or 4% (food, books) Taxation in Italy
Jamaica33.3% 3–5% 25% 17.5% Taxation in Jamaica
Japan[2]40.69% 5–50% (40% national + 10% local) 25.63% 5% (consumption) Taxation in Japan
Jordan[5]14/24/30% 0–14% 16% (GST) Taxation in Jordan
Kazakhstan[5]17.5%, 15%(2011-) 10% 11% 12% Taxation in Kazakhstan
South Korea[5]13/25% 9%–21.375% + 36% excess 10% Taxation in South Korea
Latvia[59]15% 25% 35.09% (11% by the employee) 22% Taxation in Latvia
Lebanon[5]15/4-21% 2–20% 10% Taxation in Lebanon
Lithuania[citation needed]15% 0–15% 39.98% 21% Taxation in Lithuania
Luxembourg29.63% 6–38.95% 15% Taxation in Luxemburg
Macau[2]12% Taxation in Macau
Macedonia[2]10% 10% Taxation in Macedonia
Malaysia[2]25% 0–26% 2.25%, 21% to Provident Fund http://www.mohr.gov.my/pdf/sohchee.pdf Taxation in Malaysia
Maldives[60]0-15%[61] 3.5% Since October 2, 2011(To be increased to 6% from January 1, 2012)[62] Taxation in Maldives
Malta35% 0–35% 18% Taxation in Malta
Mauritius15% 15% 15% Taxation in Mauritius
Mexico[2]28% 3–29% 35% 16% Taxation in Mexico
Monaco25%/33.33% on profits,not counting decutions 0%[63] 5.6 - 19.6% Taxation in Monaco
Montenegro9% 15% 17% Taxation in Montenegro
Morocco30% 0–38% 20% Taxation in Morocco
NepalN/A 10–25%[64] 13%[65] Taxation in Nepal
Netherlands20/25% 0–52% 19% (6% for essential and selected goods)
New Zealand28% 10.5–33%[66] 15% GST
New Caledonia[67]30% 25% on local income of non-residents First XPF 1,000,000 tax-free, 4% on next XPF 800,000 (total income 1.0m - 1.8m), 12% on next XPF 1,200,000 (total income 1.8m - 3.0m), 25% on next XPF 1,500,000 (total income 3.0m - 4.5m), 40% on remaining income (total income >4.5m)[68]
N/A
Norway[69]28% 0–47.8% 0–14.1% 25% or 14% (food and drink in shops) or 8% (transportation) Taxation in Norway
Pakistan35% 7.5–35% 17% (GST) Taxation in Pakistan
Palestine15% 5-15% 5-15% 14.5% (VAT) Taxation in Palestine
Panama[5]30% 0–27% 7% or 0% Taxation in Panama
Peru[5]30% 0-15-21-30% 9% Essalud (Social Security) 8.33% CTS Compensación por tiempo de servicios (like a insurance in case the employee losses his job) 1 complete additional salary in July and 1 complete additional salary in December for Christmas. 0.75% SENATI (Only Industry Jobs) 0.2% SENCICO (Only Construction Workers) 18% (16% VAT + 2% Municipal Promotional Tax) 0–118% ISC Impuesto Selectivo al Consumo (To some products like liquor, cigarettes, etc.) Taxation in Peru
Philippines30% 5–32% 12% or 7% or 0% (in some cases, foreign investors are zero-rated)
Taxation in Philippines
Poland[2]19% 0%, 18%, 32% (or optional 19% flat rate for self-employed) 41.11% 23% or 8% or 5% Taxation in Poland
Portugal[2]25% 10.5–40% 23.75% Normal: 23% Intermediate: 13% Reduced: 6% Madeira, Açores: 15%, 9%, 4%
Taxation in Portugal
Romania16% 16% 45.15% 24% or 9% (medicines, books, newspapers, hotel ...), or 4%[5] Taxation in Romania
Russia[2]20% 13% 34% before annual salary exceeds 415k RUB, 8% thereafter -obligatory social payments 0-18% (no VAT for export and services) Taxation in Russia
Saudi Arabia[70]20% (higher for oil/gas) Zakat (natives)
20% (foreigners)11% Social security 0% Taxation in Saudi Arabia
Senegal[5]25% up to 50% 20% Taxation in Senegal
Serbia[71]10% 12–20% 35.8%[72] 18% or 8% or 0% (reduced rates are for certain goods)
Taxation in Serbia
Singapore17%[73] 3.5%–20% 7% (GST) - Income tax in Singapore
- Goods and Services Tax (Singapore)
Slovakia19% 19% 20% Taxation in Slovakia
Slovenia[2]20% 16–41% 0% (abolished) 20% or 8.5% Taxation in Slovenia
South Africa28%[74] 0–40% 14% Taxation in South Africa
Spain[2]25–30% 0–47% 18% or 8% or 4% Taxation in Spain
Sri Lanka[2]0-35% 0–24% 0% or 12% Taxation in Sri Lanka
Sweden26.3% [75] 28.89%–59.09%[76][77] 31.42%[78] 25% or 12% or 6%[79] Taxation in Sweden
Switzerland[5]13–25% 0–13.2% (federal) 8.0% or 3.8% or 2.5% Taxation in Switzerland
Syria[5]10–45% 5–15% Taxation in Syria
Taiwan[2]17%[80] 6–40% 5% Taxation in Taiwan
Tanzania30% 15–30% Taxation in Tanzania
Thailand[2]30% 5–37% 7% Taxation in Thailand
Tunisia[5]30% 0–35% 18% or 12% or 6% Taxation in Tunisia
Turkey[2]20% 15–35% 35–40% 18%[81] Taxation in Turkey
Ukraine[5]25% (16% from April 1, 2014) 15% 33.2% - 34.7% Mandatory contribution to the State Pension Fund. For private entrepreneurs in simplified taxation mode minimum contribution calculation based on minimum income (December 2011: 34.7% * 1004 UAH = 348.39 UAH or about $44 per month) 20% (17% from January 1, 2014) Taxation in Ukraine
United Arab Emirates[5]N/A 0%[82] N/A Taxation in United Arab Emirates
United Kingdom[83]21–28% (20-23% by 2014) 0–50%[84] 0%–11% (individual) 0-12.8% (employer) (National Insurance) 20% Standard Rate;
5% Reduced Rate;
0% Zero Rate.[85]Taxation in the United Kingdom
United States[86][87][88][89][90][91][92]0-38% (federal)
0-12% (states)0-35% (federal)
0-10.55% (states)2.9-15.3% (federal, regressive)
0-2%[citation needed] (states, usually regressive)0-10.25% (states and local)
Uruguay[5]30% 0–25% 22% Taxation in Uruguay
Uzbekistan[5]9 % 11–22% 0-20% Taxation in Uzbekistan
Venezuela[5]15/22/34% 6–34% 8–10%/12% Taxation in Venezuela
Vietnam[2]25% 5–35%[93] 10% Taxation in Vietnam
British Virgin IslandsN/A 0%[94] 10–14% N/A Taxation in the British Virgin Islands
Zambia35% 10–30% 17.5% Taxation in Zambia See also
- List of countries by tax revenue as percentage of GDP
- Dividend imputation
- VAT Rates
- Tax Freedom Day
- Welfare state
- Tax haven
References
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- ^ 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 [1]
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- ^ http://www.tmf-vat.com/international-vat-rates-2010/78-angola-vat-rate.html
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- ^ http://www.tmf-vat.com/international-vat-rates-2010/81-armenia-vat-rate.html
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- ^ GST in Australia
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- ^ Taxes rates in Azerbaijan
- ^ http://www.tmf-vat.com/international-vat-rates-2010/84-azerbaijan-vat-rate.html
- ^ [2]
- ^ http://www.tmf-vat.com/international-vat-rates-2010/87-bangladesh-vat-rate.html
- ^ Income Tax and Fiscal Incentives
- ^ http://www.tmf-vat.com/international-vat-rates-2010/88-barbados-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/89-belrus-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/90-belgium-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/92-benin-vat-rate.html
- ^ [3]
- ^ http://www.tmf-vat.com/international-vat-rates-2010/94-bolivia-vat-rate.html
- ^ a b c d [4]
- ^ http://www.tmf-vat.com/international-vat-rates-2010/95-bosnia-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/96-botswana-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/97-brazil-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/98-brunei-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/99-bulgaria-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/100-burkina-faso-vat-rate.html
- ^ Index of Economic Freedom
- ^ http://www.tmf-vat.com/international-vat-rates-2010/101-burundi-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/102-cambodia-vat-rate.html
- ^ Individual income tax rates, from Canada Revenue Agency official site: [5]. Quebec has a separate income tax system: [6]. Both indicate 2008 individual rates. Retrieved April 22, 2009.
- ^ http://www.tmf-vat.com/international-vat-rates-2010/103-canada-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/104-cape-verdevat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/105-central-african-republic-vat-rate.html
- ^ Servicio de Impuestos Internos
- ^ http://www.tmf-vat.com/international-vat-rates-2010/107-chile-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/108-china-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/109-columbia-vat-rate.html
- ^ http://dgt.hacienda.go.cr/tiposdeimpuestos/Paginas/default.aspx
- ^ Croatia – Taxation
- ^ http://www.tmf-vat.com/international-vat-rates-2010/114-croatia-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/115-cuba-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/116-cyprus-vat-rate.html
- ^ http://www.tmf-vat.com/international-vat-rates-2010/117-czech-republic-vat-rate.html
- ^ http://www.skat.dk/SKAT.aspx?oId=1880327&vId=0
- ^ Income Tax law in Egypt
- ^ Sales Tax Law in Egypt
- ^ http://www.tmf-vat.com/international-vat-rates-2010/139-greece-vat-rate.html
- ^ Ram & McRae's Investors Information Package
- ^ 2008–09 Budget – Tax Concessions
- ^ http://www.lawandtax-news.com/html/hong%20kong/jhklatdctx.html
- ^ "Tax rates for 2010". Office of the Revenue Commissioners. http://www.revenue.ie/en/tax/it/leaflets/it1.html#section18. Retrieved 10 September 2010.
- ^ Tax Rates in the Republic of Latvia
- ^ http://www.mira.gov.mv/Laws_regulations.aspx
- ^ http://www.mira.gov.mv/laws_regulations/BPT%20Act%20English%20Translation.pdf
- ^ http://www.mira.gov.mv/laws_regulations/Goods_and_Services_Tax_Act_English.pdf
- ^ http://www.globalpropertyguide.com/Europe/Monaco/Taxes-and-Costs
- ^ UN salaries, tax – Nepali Times
- ^ eKantipur.com
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- ^ "Doing Business in New Caledonia: Corporate Taxation". PriceWaterhouseCoopers International Ltd. 2011. http://www.pwc.com/nc/en/doing-business-in-new-caledonia/corporate-taxation-guide.jhtml.
- ^ "Doing Business in New Caledonia: Personal Taxation". PriceWaterhouseCoopers International Ltd. 2011. http://www.pwc.com/nc/en/doing-business-in-new-caledonia/personal-taxation-guide.jhtml.
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- ^ International Tax and Business Guides – Economic Data – Statistics – Tax – EIU – The Economist – Foreign Investment – Deloitte Touche Tohmatsu
- ^ http://www.siepa.gov.rs/site/en/home/1/investing_in_serbia/competitive_taxes/
- ^ Investing in Serbia; Competitive Taxes: Social Insurance Contributions: SIEPA
- ^ Singapore corporate tax reduced to 17%
- ^ South Africa budget
- ^ [http://www.skatteverket.se/privat/skatter/beloppprocent/2011.4.6eb1f7eb12c507b23b780005839.html#Statliginkomstskattjuridiskapersoner
- ^ 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
- ^ Taiwan Cuts Corporate Income Tax To 17%
- ^ http://www.tmf-vat.com/international-vat-rates-2010/272-turkey-vat-rate.html
- ^ 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
- ^ Directgov – Value Added Tax
- ^ Sec 11 of the Internal Revenue Code (TITLE 26, Subtitle A, CHAPTER 1, Subchapter A, PART II, Sec. 11)
- ^ 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
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- ^ http://www.dpi.hochiminhcity.gov.vn/invest/html/Law-04-2007-QH12.html
- ^ 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
- European VAT Rates
- IBFD, Your Portal to Cross-Border Tax Expertise
- Paying Taxes – World Bank
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