- Tax rates around the world
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"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
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% [3] 2% to 5%Taxation in Afghanistan Albania[2] 10% [4] 20%Tax system in Albania Algeria[5] 19% 0–35% [6] or 14% or 7%[7] 17%Taxation in Algeria Andorra[citation needed] N/A 0% N/A [8] 4.5% or 1%Taxation in Andorra Angola[2] 35% 1–60% [9] 10%Taxation in Angola Argentina 35% 9–35% [10] 21%Taxation in Argentina Armenia[2] 20% [11] 20%Taxation in Armenia Aruba[2] 28% Taxation in Aruba Australia[12] 30% 0–45% 1.5% (Medicare levy)
4.75-6% (state)[13] [14] 10% GST (0% on essential items)Austria[2] 25% 21–50% [15] 20%Taxation in Austria Azerbaijan[16] 20% 0–30% [17] 18%Taxation in Azerbaijan Bahamas[18] 0% 0% 0% 0% Taxation in The Bahamas Bangladesh[5] 0–45% 0–25% [19] 15%Taxation in Bangladesh Barbados[20] 25% 25%–35% [21] (hotel accommodation 7.5%) 15%Taxation in Barbados Belarus[5] 24% 12% 35% [22] or 10% 20%Taxation in Belarus Belgium[2] 33.99% 25–55% [23] (6% for essential and selected goods) 21%Taxation in Belgium Benin[citation needed] 35% 35% [24] 18%Taxation in Benin Bhutan 0–25%[25] Taxation in Bhutan Bolivia 25% (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) [26] (VAT) – multiple rates (ICE: Consumption of specific products) 13%Taxation in Bolivia Bosnia and Herzegovina 10% FBiH, 10% RS[27] 5% FBiH, 0–15% RS[27] 33.76% FBiH, 42–57% RS[27] FBiH and RS[27][28] 17%Taxation in Bosnia Botswana 15% (plus 10% surcharge) 25% [29] 12%Taxation in Botswana Brazil[2] 34% 0–27.5% 31% [30] 17% to 25%Taxation in Brazil Brunei 23.5% 0% 0% N/A[31] Taxation in Brunei Bulgaria 10% 10% [32] 20%Taxation in Bulgaria Burkina Faso 10–30% 2-30% [33] 18%Taxation in Burkina Faso Burundi[34] 35% 35% N/A [35] 18%Taxation in Burundi Cambodia [36] 10%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 Verde [39] 15%Taxation in Cape Verde Central African Republic [40] 19%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) [42] 19%Taxation in Chile China[2] 25% 5–45% [43] 17% with many exceptionsTax system in China Colombia[5] 33% 0–33% [44] 16%Taxation in Colombia Costa Rica 10-30% 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)[47] (0% on books and some foods) 23%Taxation in Croatia Cuba[5] 30% 10–50% [48] 2.5% to 20%Taxation in Cuba Cyprus[2] 10% 0–30% 6.8% [49] (5% or 0% for certain goods) 15%Taxation in Cyprus Czech Republic[2] 20% 15% 47.5% [50] or 10% (certain goods) 20%Taxation in Czech Republic Denmark[51] 25% 36.57–67% 8% 25% Taxation in Denmark Egypt[52] 20% 10–20% N/A [53] 10% (standard), 25% (luxury goods), 0% (exports)Taxation in Egypt El Salvador 25% 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 Gabon 35% 5–55% 2.6% 18% Taxation in Gabon Germany 29.8% (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 Gibraltar 10% 17–40% N/A 0% Taxation in Gibraltar Greece 22/25% 0–45% 44% [54] or 11% 23%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)
Hungary 10% 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% Indonesia 25% starting FY 2010 5–30% 10% Taxation in Indonesia Iran 25% 0–35% 15–35% 1.5- 10% depending on itemTaxation in Iran Ireland 12.5%/25%/10% 0–41% 10.75%[58] 21% Goods
13.5% Services
0% FoodIsrael 24% 10–45% 16% Taxation in Israel Italy 31.4% 23–43% 21% or 10% or 4% (food, books) Taxation in Italy Jamaica 33.3% 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 Luxembourg 29.63% 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 Malta 35% 0–35% 18% Taxation in Malta Mauritius 15% 15% 15% Taxation in Mauritius Mexico[2] 28% 3–29% 35% 16% Taxation in Mexico Monaco 25%/33.33% on profits,not counting decutions 0%[63] 5.6 - 19.6% Taxation in Monaco Montenegro 9% 15% 17% Taxation in Montenegro Morocco 30% 0–38% 20% Taxation in Morocco Nepal N/A 10–25%[64] [65] 13%Taxation in Nepal Netherlands 20/25% 0–52% 19% (6% for essential and selected goods) New Zealand 28% 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 Pakistan 35% 7.5–35% 17% (GST) Taxation in Pakistan Palestine 15% 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 Philippines 30% 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 Romania 16% 16% 45.15% [5] 24% or 9% (medicines, books, newspapers, hotel ...), or 4%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 Singapore 17%[73] 3.5%–20% 7% (GST) - Income tax in Singapore
- Goods and Services Tax (Singapore)
Slovakia 19% 19% 20% Taxation in Slovakia Slovenia[2] 20% 16–41% 0% (abolished) 20% or 8.5% Taxation in Slovenia South Africa 28%[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 Sweden 26.3% [75] 28.89%–59.09%[76][77] 31.42%[78] [79] 25% or 12% or 6%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 Tanzania 30% 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% [81] 18%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 Islands N/A 0%[94] 10–14% N/A Taxation in the British Virgin Islands Zambia 35% 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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- ^ __Media_releases_2006/05_2006_May/vic_cuts_payroll_tax.xml Victoria cuts payroll tax in State Budget: NSW must follow (May 2006)
- ^ GST in Australia
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- ^ Taxes rates in Azerbaijan
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- ^ [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
- ^ "Weekly and fortnightly PAYE deduction tables 2010 (IR 340)". Inland Revenue Department. April 2009. http://www.ird.govt.nz/resources/3/9/39e511004d4161d5859eeddd1742e7df/ir340-apr09.pdf. Retrieved 2009-04-28.
- ^ "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.
- ^ "Main features of the Government’s tax programme for 2011". Ministry of Finance. 5 October 2010. http://www.statsbudsjett.no/Statsbudsjettet-2011/English/?pid=48921#hopp.
- ^ 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
- ^ [7], Chicago Cook County Board Approves 1% Sales Tax Hike, March 1, 2008,
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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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