Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

Afghanist an
[1]

20%

2% to 5%

[2]

Taxation in Afghanis tan

Albania

[1]

10%

20%

[3]

Tax system in Albania

Algeria

[4]

19%

0%

Taxation [5] 17% or 14% in [6] or 7% Algeria

Andorra
ation needed]

[cit

10%

[7]

0%

0%

N/A

4.5% or 1%

[8]

Taxation in Andorra

Angola

[1]

35%

1%

42.75%

10%

[9]

Taxation in Angola

Argentina 35%

9%

35%

21%

[10]

Taxation in Argentin a

Armenia

[1]

20%

0%

20%

18%.

20%

[11]

Taxation in

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es Armenia

Aruba

[1]

28%

[12]

Taxation in Aruba

Australia
3]

[1

30% (28.5% from [14] 2015)

45% 0% 1.5% (Medicare levy) Taxation in Austria Taxation in Azerbaij an Taxation in the Bahama s Taxation in Banglad esh Taxation in Barbado s 4.75%-6% (state)
[15]

10% GST (0% Taxation on essential in [16] items) Australia

Austria

[1]

25%

0%

50%

20%

[17]

Azerbaija n
[18]

20%

14%

25%

18%

[19]

Bahamas
20]

0%

[21]

0%

0%

9.8%

[22]

0%

Banglade sh
[1]

45%-0%

0%

25%

15%

[23]

Barbados
24]

25%

25%

35%

17.5% (hote l accommodatio n 7.5%)

[25]

Bahrain Belarus
[4]

0%

[26] [27]

18%

12%

12%

35%

20%

or 10% Taxation

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es in Belarus

Belgium

[1]

33.99%

0%

55%

37.84%

[28]

21% (6% for Taxation essential and in selected Belgium goods) 18%
[30]

[29]

Benin
n needed]

[citatio

35%
[31]

35%

Taxation in Benin

Bermuda 0%

Bhutan

0%

25%

[32]

Taxation in Bhutan 13% (RC-IVA: Complementary Regime to the VAT withholding tax the employee can deduct it entirely using the bills from products or services acquired)
[33]

Bolivia

25% (IUE: on profits) 3% (IT: income 0% resulting from transaction s) 10% FBiH, [34] 10% RS

13%

13% (VAT) multiple rates (ICE: Consumption of specific products)

Taxation in Bolivia

Bosnia and Herzegovina

5% FBiH, 0 33.76% FBiH, 42 [34] [34] 15%RS 57% RS

Taxation 17% FBiH and in [34][35] RS Bosnia Taxation in Botswan a

[37]

15% (plus Botswana 10% surcharge)

[1]

25%

12%

[36]

Brazil

34%

0%

27.5%

31%

17% to 25%
[38]

Taxation in Brazil Taxation in Brunei Taxation in

Brunei

23.5%

0%

0%

N/A

Bulgaria

10%

10%

20%

[39]

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es Bulgaria Taxation in Burkina Faso Taxation in Burundi Taxation in Cambodi a Taxation in Camero on

Burkina Faso

30%-10%

2%

30%

18%

[40]

Burundi
]

[41

35%

35%

N/A

18%

[42]

Cambodi a

10%

[43]

Cameroo n
[4]

38.5%

10%

35%

19.25%

Canada
]

[44

0% 11%-15% (federal) (federal) + + 0% 0%-16% (provinci (provincial) al)

54.75% (federal + provincial) 15%-29% 4.95% (CPP) + 1.78% (federal) + (Employment Insurance EI) 5%-25.75% [4 (provincial)
5][46]

5% (federal GST) with Taxation exemptions for in smallCanada [47] businesses + 0%-10% [48] (PST)
[49]

Cape Verde Cayman Islands

[50]

15%

Taxation in Cape Verde

0%

Central African Republic

19%

[51]

Taxation in Central African Republic

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

Chile

[52]

20%

0%

40%

10% (AFP private retirement fund) + 2 to 3% (AFP administrative costs) + 7% (healthcare insurance) + [53] 0.6% (unemployment 19% insurance) = up to around 20% of income before taxes (each item has an upper payment limit) 17% with many [54] exceptions

Taxation in Chile

China

[1]

25%

5%

45%

Tax system in China Taxation in Colombi a

Colombia
4]

33%

0%

33%

16%

[55]

Costa Rica

30% (10% or 20% for small 0% businesses )

[4]

25%

9% social security charge.

13%

[56]

Taxation in Costa Rica

Croatia

20%

12%

40%

37.2% (nationwide) 018% (local)

[57]

25% (0% on Taxation books and in some foods) Croatia 2.5% to [59] 20%
[60]

[58]

Cuba

[4]

30%

10%

50%

Taxation in Cuba

Cyprus

[1]

10%

0%

35%

6.8%

18% (5% or Taxation 0% for certain in goods) Cyprus 21% or 15% Taxation (certain in Czech goods) Republic 25% Taxation in
[61]

Czech [1] Republic Denmark

2] [6

19%

15%

47.5%

25%(2014: [63] 0% 24%

51.7%

[63]

8%

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es Denmar k

2015:23% 2016:22%) 10% (AFP private retirement fund) + 10% (healthcare insurance) = up to around 20% of income before taxes, [64] 16% 14% pay by the employer and 6% pay by the employee (each item has an upper payment limit) 10% (standard), 25% (luxury goods), 0% [66] (exports)

Dominica 29% n Republic

0%

25%

Taxation in Dominic an Republic

Egypt

[65]

20%

10%

20%

N/A

Taxation in Egypt

El Salvador

30%/25%

0%

30%

13%

Taxation in El Salvador

Estonia

[1]

0% on profit retained in company; flat 21% when 21% earned profit is distributed to shareholde rs 6.5% national

21%

33%

20% or 9%

Taxation in Estonia

30% national 21%

Finland

[1]

24.5%

[67]

16%

municipal municipal

24% 14% (food and Taxation fodder) in 10% (e.g. Finland accommodatio

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

n and culture)
[1]

France

33.33%

0%

45%/ 75% (in 2014) 66% (income tax)

19.6% or 7% or 5.5% or 2.1%

Taxation in France Taxation in Gabon

Gabon

35%

5%

35%

2.6%

18%

29.8% [1 Germany (average) 0%

2]

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 German y

Georgia

[4]

15%

20%

18%

Taxation in Georgia Taxation in Gibraltar

[68]

Gibraltar

10%

17%

40%

N/A

0%

Greece

25%/22%

0%

45%

44%

23%

Taxation or 11% in Greece Taxation in Guatem ala Taxation in Guyana Taxation in Hong

[4]

31% of Net Guatemal Income or 5% 5% of Revenue Guyana

[69

7%

17.5% (Social Security, Recreation and Technical Training Institutes)

12%

40%/30%

33%

16% or 0%

Hong [70] Kong

16.5%

0%

15%

5% mandatory personal defined contribution pension. 0% 40% of Hong Kong

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

Government revenue is from indirect taxation such as land revenue & investment [71] income

Kong

Hungary

19% and 10%

16%

16%

34.5% (2013)

27%, 18% (milk, dairy products, flour, cereals, Taxation bakery in products etc.), Hungary 5% (medicines, books etc.) Taxation

Iceland

[4]

20%

0%

46%

6%

25.5% or 7%

in Iceland

India

30%

[72]

0%

33%

12.5% - 2%

14.5% - 5.5%

Taxation in India

25% Indonesia starting FY 5% 2010

30%

10%

Taxation in Indonesi a Taxation in Iran

Iran

25%

0%

35%

35%-15%

1.5-10% depending on item 23% Goods 9%-13.5% Services 0% certain items of food

Taxation in Ireland

Ireland

25%/12.5 %/10%

0%

41%

11%-0%

Israel

26.5%

11.5%

52%

as employee (by others) you 18% on all the Taxation pay products and in Israel

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

up to 5280 (Monthly) 10% to 63 360 (annual) 11% From 5281 to 9010 (Monthly) 15% From -9011 to 14,000 (Monthly) 22% From -14 001 to 20 000 (monthly) 32.4% From -20 001 to 41 830 (monthly) 36% From -41 831 to 67,630 (monthly)50% more than: 67,630 (monthly) 52% that's NOT INCLUDE the 10% up to 23.5% (national and health insurance taxes)self employees has higher rate ( in both) than that by far.

services (except from vegetables and fruits) , between 216 % to 231% on a private car (plus the 18%...) 280% on fuel and soler on the Gas station (plus the 18% on the top of that) (about 2.30$ per litre)

Italy

31.4%

23%

43%

39%

[73]

page 19

22% or 10% or Taxation 4% (food, in Italy books) Taxation in Jamaica Taxation

Jamaica
[74]

33.3%

0%

25%

25%

17.5%

Japan

38.01%

5%

50% (40%

25.63%

5%

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

national + 10% local)

[4]

(consumption) in Japan

Jordan

30%/24%/ 14%

0%

14%

16% (GST)

Taxation in Jordan Taxation in Kazakhs tan

17.5%, Kazakhst 15%(2011[4] an [12] )

10%

11%

12%

Kenya

30%/37.5 [75] %

10%

30%

16%/12% (electricity & Taxation fuel) VAT + in Kenya 12.5% Withhol ding tax

Kuwait

10%, 0% on [7 dividends
6]

South [4] Korea

[78]

22%,20%, [77] 10%

6% + 0.6%

38% + 3.8%

10%

Taxation in South Korea

[79]

Latvia

15%
[4

24%

35.09% (11% by the employee)

21%

Taxation in Latvia Taxation in Lebanon Taxation in Liechten stein Taxation in

Lebanon
]

15/4-21%

2%

20%

10%

Liechtens tein
[80][81]

12.5%

1.2%

17.82%

11.6%

7.6%-3.6%, (lodging services additional 2.4%) 21%

Lithuania
citation needed]

15%

[82]

0%

15%

39.98%

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es Lithuani a

Luxembo urg

28%

[83]

6%

40% + 12.45% social security [85] charges

[84]

15%

Taxation in Luxemb urg Taxation in Macau Taxation in Macedo nia Taxation in Malaysia

Macau

[1]

12%

Macedoni a
[1]

10%

10%

18% or 5%

Malaysia
]

[1

25%

0%

26%

2.25%, 21% to Provident Fundhttp://www.mohr.gov.m y/pdf/sohchee.pdf

Maldives
6]

[8

15%-0%

[87]

6% Since January 1, 2012 Taxation (Increased in from 3.5% set Maldives on October 2, [88] 2011)

Malta

6.25%-0% effective tax rate due to imputation 0% system,foll owing credits & [89] refunds 0%
[12]

35%

18%

Taxation in Malta

Marshall

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

Islands Taxation in Mauritiu s Taxation in Mexico

Mauritius 15%

15%

15%

Mexico

[1]

30%[90] 28% 33.33% if more than 25% of a company's turnover is generated outside of Monaco. Otherwise, companies do not pay any direct tax on their [94] 0% profits. After various allowable deductions , this results in an effective corporate tax rate of under [91][92][93] 6%. 10%

29%-3%

35%

16%

Monaco

The employer's contribution to Social Security is between 28%-40% (averaging 35%) 19.6%of gross salary including [95] 5.5% benefits, and the employee pays a further 10%-14% [92] (averaging 13%).

Taxation in Monaco

Mongolia 10%

10%

10%

Taxation

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es in Mongoli a

Monteneg ro

9%

[96]

9% (first EUR [97] 720)

15%

[98]

19%

[99]

Taxation in Montene gro Taxation in Morocco Taxation in Nepal Taxation in the Netherla nds

Morocco

30%

[citation

needed]

0%

38%

[citation

20%

[citation

needed]

needed]

Nepal

5%

[citation

needed]

10%

25%

[100]

13%

[101]

Netherlan ds

25%/20%

0%

52%

[102]

21% (6% for essential and selected goods)

Taxation New Zealand 28% 15% 33%

[103]

15% GST

in New Zealand

New [104] Caledonia

30%

0%

25% on local income of nonresidents 40%

[105]

N/A

Nigeria 25% or 15% (food and Taxation drink in shops) in or 8% Norway (transportation

Norway
6]

[10

28% [ (2014:27% 0% 107] )

47.8% (2014:46.8% 14.1%-0% [108] )

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

, cinema, hotel rooms) Oman 12%

[109]

Pakistan

35%

7.5%

35%

0% or 17% (basic food items)

Taxation in Pakistan Taxation in Palestin e Taxation in Panama Taxation in Paragua y

Palestine

15%

[citation

needed]

5%

15%

15%-5%

[citation needed]

14.5% (VAT)

Panama

[4]

25%

0%

27%

7% or 0%

Paraguay 10%

8%

10%

10%

Peru

[4]

30%

0%

30%

9% Essalud (Social Security) 8.33% CTS Compensacin por tiempo de servicios (like an insurance in case the employee loses 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) 0118% ISC Impuesto Taxation Selectivo al in Peru Consumo (To some products like liquor, cigarettes, etc.)

Philippine s

30%

20%

32%

12% or 7% or 0% (in some

Taxation in Philippin

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

cases, foreign es investors are zero-rated) 32% (or optional 19% flat rate 41.11% for selfemployed)

Poland

[1]

19%

0%

23% or 8% or 5%

Taxation in Poland

Portugal

[1]

25%

0%

54%

23.75%

Normal: 23% Intermediate: 13% Reduced: Taxation 6% in Madeira, Portugal Aores: 15%, 9%, 4%

Puerto Rico

20%

[12]

Qatar

[1]

10% (different rates for companies operating in the oil/gas sector). Qatari partners are not required to pay any tax on their share of profits.

0%

0%

0%

Taxation in Qatar

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

Romania 16%

16%

45.15%

24% or 9% (medicines, books, newspapers, hotel ...), or [4] 4%

Taxation in Romania

Russia

[1]

20% (13% for SME, 0% for education and 13% (flat) healthcare industries), 6% for small business 0% (foreigner s) Zakat(nat ives)

0-18% (reduced rates 13% (for 30% (10% for SME, 14% for for certain residents), Taxation IT industry) before annual goods, no VAT 30% (for in salary exceeds 568000 for SME nonresidents Russia RUB, 10% thereafter except for ) imports activities)

Saudi [110] Arabia

20% (higher for oil/gas)

0% (foreigners) Zakat (nativ es)

11% Social security

0%

Taxation in Saudi Arabia

Senegal

[4]

25%

0%

50%

20%

Taxation in Senegal
[115]

Serbia

[111]

15%

[112]

10%

25% (additional contributions for state [114] 35.8% health, pension and unemployme [113] nt funds) 20%

20% or 0%

or 8%

(reduced rates Taxation in Serbia are for certain goods)

Singapor 17%[116] 19%

3.5%

7% (GST)

Income tax in

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es

Singapor e 30% tax including mandatory social security tax and health care tax 20%
[citation

needed]

Slovakia

23%

[117]

0%

25%

[118]

10% on medication and books

Taxation in Slovakia

Slovenia
]

[1

20% (2012:18% , 2013:17%, 16% 2014:16%, 2015+:15 %)

[119]

41%

0% (abolished)

22% or 9.5%

Taxation in Slovenia

South Africa
[1]

28%

0%

40%

14%

Taxation in South Africa

Spain

30%-25%

0%

52%

21% or 10% or Taxation 4% in Spain Taxation in Sri Lanka

Sri [1] Lanka

35%-0%

0%

35%

12% or 0%

Sweden

22%

[120]

30%

57%

[121][122]

31.42%

[123]

Taxation 25% or 12% or in [124] 6% Sweden Taxation in Switzerl and Taxation in Syria Taxation in the Republic

[4]

Switzerlan 25%[125] 13%

0%

13.2% (federal)

8.0% or 3.8% or 2.5%

Syria

[1]

35%/28/22 5% %
[1] [126]

15%

Taiwan

17%

6%

40%

5%

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es of China Taxation in Tanzani a Taxation in Thailand Taxation in Trinidad & Tobago

Tanzania 30%

15%

30%

Thailand

20%

5%

35%

5%-35%

7%

Trinidad and Tobago

25%

0%

25%

Tunisia

[4]

30%

0%

35%

Taxation 18% or 12% or in 6% Tunisia

[127]

Turkey

[1]

20%

15%

35%

40%-35%

18%

Taxation in Turkey

Turks and [12] 0% Caicos Islands 34.7%-33.2% Mandatory contribution to the State Pension Fund. For private entrepreneurs in simplified 20% (17% taxation mode minimum from January contribution calculation 1, 2014) based on minimum income (December 2011: 34.7% * 1004 UAH = 348.39 UAH or about $44 per month)

Ukraine

[4]

25% (16% from April 1, 2014)

15%

Taxation in Ukraine

United Arab [4] Emirates

0%

[128]

0%

[129]

0%

[129]

N/A

Taxation in United Arab

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es Emirates

United [130] Kingdom

24%-20% (decrease to 21% in [131] 2014), f urther 0% decreased to 20% from 1 April [132] 2015

45%

[133]

25.8%-0% (National Insurance)

20% Standard Rate; 5% Reduced Rate for home energy and renovations; 0% Zero Rate for life necessities groceries, water, prescription medications, medical equipment and supplies, public transport, children clothing, books and [134] periodicals.

Taxation in the United Kingdom

United States

0%-39% [135 (federal) ] + 0%-12% [136] (state) + 0%-3% (local)

0% (federal) + 0% (state) + 0%-3% (local)

55.9% (max of federal+stat e+local) 10%-39.6% 15.3%-2.9% (federal) + [137] (federal) 0%-2% (state) + + 0%-2% (local) 0%-13.3% [138] (state) + 0%-3% (local) 25%

0%-11.725% (state and local)

Taxation in the U.S.

Uruguay
]

[4

30%

0%

22%

Taxation in

Country/R egion

tax rates

Indivi dual (min)

Individua l (max)

Payroll tax (usually reduces taxable income)

VAT / GST / Sales

Prim ary tax articl es Uruguay Taxation in Uzbekist an Taxation in Venezue la Taxation in Vietnam Taxation in the British Virgin Islands

Uzbekista n
[4]

9%

5%

22%

020%

[4]

Venezuel 34%/22%/ 15%

6%

34%

810%/12%

Vietnam

[1]

25%

5%

35%

[139]

10%

British Virgin Islands

0%

[140]

0%

0%

14%-10%

N/A

Yemen Zambia

20% 35%

[141]