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Encyclopedia > Tax rates around the world
Public finance
This article is part of the series:
Finance and Taxation
Taxation
Income tax  ·  Payroll tax
CGT ·  Stamp duty  ·  LVT
Sales tax  ·  VAT  ·  Flat tax
Tax, tariff and trade
Tax haven
Tax incidence
Tax rate  ·   Proportional tax
Progressive tax  ·   Regressive tax
Tax advantage

Economic policy
Monetary policy
Central bank  ·   Money supply
Gold standard
Fiscal policy
Spending  ·   Deficit  ·   Debt
Policy-mix
Trade policy
Tariff  ·   Trade agreement
Finance
Financial market
Financial market participants
Corporate  ·   Personal
Public  ·   Regulation
Banking
Fractional-reserve
Full-reserve  ·   Free banking
Islamic

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Comparison of Tax Rates around the world is a difficult and somewhat subjective enterprise. Tax laws in most countries are extremely complex, and tax burden falls differently on different groups in each country and sub-national unit. Of course, services provided by governments in return for taxation also vary, making comparisons all the more difficult, for example, in many European nations, government sponsored national health care provision is paid for from taxation, while in other countries health care is normally paid for with private insurance. The lists below give an indication by rank of some raw indicators. Not to be confused with Political economy. ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        Monetary policy is the process by which the government, central bank... In macroeconomics, money supply (monetary aggregates, money stock) is the quantity of currency and money in bank accounts in the hands of the non-bank public available within the economy to purchase goods, services, and securities. ... For other uses, see Gold standard (disambiguation). ... Fiscal policy is the economic term that defines the set of principles and decisions of a government in setting the level of public expenditure and how that expenditure is funded. ... Government spending or government expenditure consists of government purchases, which can be financed by seigniorage (the creation of money for government funding, at a heavy price of high inflation and other possibly devastating consequences), taxes, or government borrowing. ... This article is about budget deficits. ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        Government debt (also known as public debt or national debt) is... This article does not cite any references or sources. ... Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        For other uses of this word, see tariff (disambiguation). ... A trade pact is a wide ranging tax, tariff and trade pact that usually also includes investment guarantees. ... The field of finance refers to the concepts of time, money and risk and how they are interelated. ... This article does not cite any references or sources. ... There are two basic financial market participant catagories, Investor vs. ... Domestic credit to private sector in 2005 Corporate finance is an area of finance dealing with the financial decisions corporations make and the tools and analysis used to make these decisions. ... -1... This article does not cite any references or sources. ... For other uses, see Bank (disambiguation). ... Fractional-reserve banking refers to a financial system in which some fraction of the deposits can be used to finance profitable but illiquid investments. ... Economic policy Monetary policy Central bank   Money supply Gold standard Fiscal policy Spending   Deficit   Debt Policy-mix Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Regulation Banking Fractional-reserve Full-reserve   Free banking Islamic        Full-reserve banking is the banking practice in which the... Please wikify (format) this article or section as suggested in the Guide to layout and the Manual of Style. ... Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. ...

Contents

List of tax rates around the world

This is a list of tax rates around the world. It is focused on three types of taxes: corporate and individual taxes and value added taxes (VAT). It is not intended to represent the true tax burden to either the corporation or the individual in the listed country.

Country Income tax VAT / GST / Sales
Corporate Individual
Flag of Algeria Algeria[1] 30%+3% 0-40% 7/14/17%
Flag of Argentina Argentina[2] 35% 9-35% 21%
Flag of Australia Australia[3] 30% 0-45% 10% (GST)
Flag of Austria Austria[2] 25% 21-50% 20% GST
Flag of Azerbaijan Azerbaijan[1] 22% 0-35% 18%
Flag of Bangladesh Bangladesh[1] 0-40% 0-25% 4-15%
Flag of Barbados Barbados[4] 40% 25%-40% 15% (hotel accommodation 7.5%)
Flag of Belarus Belarus[1] 30% 12-30% 10/18%
Flag of Belgium Belgium[2] 33.99% 25-50% 21%
Flag of Brazil Brazil[2] 34% 15-27.5% 17-25%
Flag of Bulgaria Bulgaria[2] 10% 10% 20%
Flag of Burundi Burundi[5] 35% 35%
Flag of Cameroon Cameroon[1] 38.5% 10-35% 19.25%
Flag of Canada Canada[6] 29.5-35.5% 15-29% (federal)

4-17.95% (provincial) Tax rates around the world Tax revenue as % of GDP Economic policy Monetary policy Central bank   Money supply Fiscal policy Spending   Deficit   Debt Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Banking   Regulation        An income tax is a tax levied on the financial income... Economic policy Monetary policy Central bank   Money supply Gold standard Fiscal policy Spending   Deficit   Debt Policy-mix Trade policy Tariff   Trade agreement Finance Financial market Financial market participants Corporate   Personal Public   Regulation Banking Fractional-reserve Full-reserve   Free banking Islamic        Value added tax (VAT), or goods and services tax (GST... The Goods and Services Tax is a Value-added tax that exists in a number of countries. ... A sales tax is a consumption tax charged at the point of purchase for certain goods and services. ... Image File history File links Flag_of_Algeria. ... Image File history File links Flag_of_Argentina. ... Image File history File links This is a lossless scalable vector image. ... The GST (Goods and Services Tax) is a value added tax of 10% on most goods and services sold in Australia. ... Image File history File links Flag_of_Austria. ... Image File history File links Flag_of_Azerbaijan. ... Image File history File links Flag_of_Bangladesh. ... Image File history File links Flag_of_Barbados. ... Image File history File links Flag_of_Belarus. ... Image File history File links Flag_of_Belgium_(civil). ... Image File history File links Flag_of_Brazil. ... Image File history File links Flag_of_Bulgaria. ... Image File history File links Flag_of_Burundi. ... Image File history File links Flag_of_Cameroon. ... Image File history File links This is a lossless scalable vector image. ...

5% (GST)

0-10% (provincial sales taxes) The Canadian Goods and Services Tax (GST) (French: Taxe sur les produits et services, TPS) is a multi-level value-added tax introduced in Canada on January 1, 1991, by Prime Minister Brian Mulroney and finance minister Michael Wilson. ... In Canada there are three types of sales taxes: provincial sales taxes, the federal GST and the HST in Atlantic Canada. ...

Flag of Chile Chile[7] 17% 0-40% 19%
Flag of the People's Republic of China China[2] 25% 5-45% 17%
Flag of Colombia Colombia[1] 35% 0.29-38.5% 16%
Flag of Croatia Croatia[1] 20% 15-45% 22%
Flag of Cuba Cuba[1] 30% 10-50% 12%
Flag of Cyprus Cyprus[2] 10% 20-30% 15%
Flag of the Czech Republic Czech Republic[2] 21% 15% 19%
Flag of Denmark Denmark[8] 22% 38-59% 25%
Flag of Egypt Egypt[2] 20% 10-20%
Flag of Estonia Estonia[2] 22% 22% 18%
Flag of Finland Finland[2] 26% 9-32% national, 16-21% municipal 22%
Flag of France France[2] 33.33% 10-40% 19.6%/5.5% on certain goods (e.g. food)
Flag of Germany Germany[2] 29.8% (average) 15-45% 19%/7% on certain goods (e.g. food)
Flag of Georgia (country) Georgia[1] 20% 12% 18%
Flag of Gibraltar Gibraltar[2] 33% 17-40%
Flag of Greece Greece[2] 22/25% 0-40% 19%
Flag of Guatemala Guatemala[1] 31% 15-31% 12%
Flag of Guyana Guyana[9] 35%/45% 33⅓% 16%/0%
Flag of Hong Kong Hong Kong[10] 16.5% 0-15%
Flag of Hungary Hungary[2] 16% 18% and 36% 20%
Flag of Iceland Iceland[1] 18/26% 0-36.72%[11] 0/14/24.5%
Flag of India India[2] 30-40% 10-30% 12.5%
Flag of Indonesia Indonesia[2] 30% 5-35% 10%
Flag of Ireland Ireland[2] 12.5% 20-41% 21%
Flag of Israel Israel[2] 27% 10-47% 15.5%
Flag of Italy Italy[2] 33% 23-43% 20%
Flag of Japan Japan[2] 30% 5-40% 5% (consumption)
Flag of Jordan Jordan[1] 15/25/35% 5-30% 16% GST
Flag of South Korea South Korea[1] 13/25% 9%-21.375% + 36% excess 10%
Flag of Latvia Latvia[2] 15% 25% 18%
Flag of Lebanon Lebanon[1] 15/4-21% 2-20% 10%
Flag of Lithuania Lithuania[2] 15% 15%/27% 18%
Flag of Luxembourg Luxembourg[2] 29.63% 6-38.95% 15%
Flag of Malaysia Malaysia[1] 28% 0-28% 5% GTS
Flag of Malta Malta[2] 35% 0-35% 18%
Flag of Mexico Mexico[2] 29% 3-29% 15%
Flag of Monaco Monaco[2] 33.33% 0% 19.6%
Flag of Montenegro Montenegro[2] 9% 15% 17%
Flag of Morocco Morocco[2] 35% 0-41.5% 20%
Flag of Nepal Nepal N/A 10% to 25%[12] 13%[13]
Flag of the Netherlands Netherlands[2] 29.6% 0-52% 19%
Flag of New Zealand New Zealand[2] 30% 0-39% 12.5% GST
Flag of Norway Norway[2] 28% 28-51.3% 25%
Flag of Pakistan Pakistan[2] 35% 7.5-35% 15%
Flag of Panama Panama[1] 30% 0-27% 0/5%
Flag of Peru Peru[1] 27% 15-27% 2/19%
Flag of the Philippines Philippines[2] 35% 5-32% 12%
Flag of Poland Poland[2] 19% 19-40% 22%, 7% (reduced rate on certain goods)
Flag of Portugal Portugal[2] 27.5% 10.5-40% 21%
Flag of Romania Romania[2] 16% 16% 19%
Flag of Russia Russia[2] 24% 13% 18%, 10% and 0% (reduced rates are for certain goods)
Flag of Saudi Arabia Saudi Arabia[14] 20%-85%
11% Social security
Residents 2.5% Zakat
Non-residents 20%
Flag of Senegal Senegal[1] 33% up to 50% 20%
Flag of Serbia Serbia[2] 10% 10/14% 18%
Flag of Singapore Singapore[2] 18% 3.5%-20% 7%
Flag of Slovakia Slovakia[2] 19% 19% 19%
Flag of Slovenia Slovenia[2] 22% 16-41% 20%
Flag of South Africa South Africa[2] 28%[15] 18-40% 14%
Flag of Spain Spain[2] 25-30% 0-42% 16%
Flag of Sweden Sweden 28%[16] 0-59.09% [17][18] 25%. 12% and 6% for some goods. [19]
Flag of Switzerland Switzerland[1] 13-25% 0-13.2% (federal) 3.6/2.4/7.6%
Flag of Syria Syria[1] 10-45% 5-15% Debuts in 2008
Flag of the Republic of China Republic of China[2] 25% 6-40% 5%
Flag of Thailand Thailand[2] 30% 5-37% 7%
Flag of Tunisia Tunisia[1] 30% 0-35% 6/12/18%
Flag of Turkey Turkey[2] 20% 15-35% 18%
Flag of Ukraine Ukraine[1] 25% 0-40% 20%
Flag of the United Arab Emirates United Arab Emirates[1] 0% 0% 0%
Flag of the United Kingdom United Kingdom [20] 21-28% 0,20,40%

0-11% (National Insurance) Image File history File links Flag_of_Chile. ... Image File history File links Flag_of_the_Peoples_Republic_of_China. ... Image File history File links Flag_of_Colombia. ... Image File history File links Flag_of_Croatia. ... Image File history File links Flag_of_Cuba. ... Image File history File links Flag_of_Cyprus. ... Image File history File links Flag_of_the_Czech_Republic. ... Image File history File links Flag_of_Denmark. ... Image File history File links Flag_of_Egypt. ... Image File history File links Flag_of_Estonia. ... Image File history File links Flag_of_Finland. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Germany. ... Image File history File links Flag_of_Georgia. ... Image File history File links Flag_of_Gibraltar. ... Image File history File links Flag_of_Greece. ... Image File history File links Flag_of_Guatemala. ... Image File history File links Flag_of_Guyana. ... Image File history File links Flag_of_Hong_Kong. ... Image File history File links Flag_of_Hungary. ... Image File history File links Flag_of_Iceland. ... Image File history File links Flag_of_India. ... Image File history File links Flag_of_Indonesia. ... Image File history File links Flag_of_Ireland. ... Image File history File links Flag_of_Israel. ... Image File history File links Flag_of_Italy. ... Image File history File links Flag_of_Japan. ... Image File history File links Flag_of_Jordan. ... Image File history File links Flag_of_South_Korea. ... Image File history File links Flag_of_Latvia. ... Image File history File links Flag_of_Lebanon. ... Image File history File links Flag_of_Lithuania. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_Malaysia. ... Image File history File links Flag_of_Malta. ... Image File history File links Flag_of_Mexico. ... Image File history File links Flag_of_Monaco. ... Image File history File links Flag_of_Montenegro. ... This article is about the country in Europe. ... Image File history File links Flag_of_Morocco. ... Image File history File links Flag_of_Nepal. ... Image File history File links Flag_of_the_Netherlands. ... Image File history File links Flag_of_New_Zealand. ... Image File history File links Flag_of_Norway. ... Image File history File links No higher resolution available. ... Image File history File links Flag_of_Panama. ... Image File history File links Flag_of_Peru. ... Image File history File links Flag_of_the_Philippines. ... Image File history File links Flag_of_Poland. ... Image File history File links Flag_of_Portugal. ... Image File history File links Flag_of_Romania. ... Image File history File links Flag_of_Russia. ... Image File history File links Flag_of_Saudi_Arabia. ... This is a sub-article of Islamic economical jurisprudence. ... Image File history File links Flag_of_Senegal. ... Image File history File links Flag_of_Serbia. ... Anthem:  Serbia() on the European continent()  —  [] Capital (and largest city) Belgrade Official languages Serbian Recognised regional languages Hungarian, Slovak, Romanian, Croatian, Rusyn 1 Albanian 2 Demonym Serbian Government Parliamentary Democracy  -  President Boris Tadić  -  Prime Minister Vojislav KoÅ¡tunica    -  First state 7th century   -  Serbian Kingdom3 1217   -  Serbian Empire 1345   -  Independence lost... Image File history File links Flag_of_Singapore. ... Image File history File links Flag_of_Slovakia. ... Image File history File links Flag_of_Slovenia. ... Image File history File links Flag_of_South_Africa. ... Image File history File links Flag_of_Spain. ... Image File history File links Flag_of_Sweden. ... Image File history File links Flag_of_Switzerland. ... Image File history File links Flag_of_Syria. ... Image File history File links Flag_of_the_Republic_of_China. ... For the Chinese civilization, see China. ... Image File history File links Flag_of_Thailand. ... Image File history File links Flag_of_Tunisia. ... Image File history File links Flag_of_Turkey. ... Image File history File links Flag_of_Ukraine. ... Image File history File links Flag_of_the_United_Arab_Emirates. ... Image File history File links Flag_of_the_United_Kingdom. ... Tax rates around the world Tax revenue as % of GDP Part of the Taxation series        UK Income Tax and National Insurance (2005–2006) UK Income Tax and National Insurance as a % of Salary (2005–2006) National Insurance (NI) is a system of taxes and related social security benefits in the...

17.5%
Flag of the United States United States[21][22][23][24][25] 15-39% (federal income)
0-12% (state income)
0-35% (federal income)
0-10.3% (state income)
0-7.65%(federal payroll)
0-10.25% (state and local sales tax)
Flag of Uruguay Uruguay[1] 30%  ?-24.125% 23%
Flag of Uzbekistan Uzbekistan[1] 12% 13-30% 10-20%
Flag of Venezuela Venezuela[1] 15/22/34% 6-34% 8-10%/9%
Flag of Vietnam Vietnam[2] 28% 0-40% 10%
Flag of Zambia Zambia[2] 35% 10-30% 17.5%

Image File history File links This is a lossless scalable vector image. ...        Corporate tax in the United States is a tax on the taxable income of a C corporation or an entity taxed as a C corporation. ... States with no state income tax are in red, states taxing only dividend and interest income are in yellow Tax rates around the world Tax revenue as % of GDP Part of the Taxation series        State income tax is an income tax in the United States that is levied by each... FairTax Flat tax Tax protester arguments Constitutional Statutory Conspiracy Taxation by country Tax rates around the world Tax revenue as % of GDP Part of the Taxation series        The federal government of the United States imposes a progressive tax on the taxable income of individuals, partnerships, companies, corporations, trusts, decedents estates... States with no state income tax are in red, states taxing only dividend and interest income are in yellow Tax rates around the world Tax revenue as % of GDP Part of the Taxation series        State income tax is an income tax in the United States that is levied by each... For other uses, see FICA (disambiguation). ... Tax rates around the world Tax revenue as % of GDP Part of the Taxation series        A sales tax is a tax on consumption and is normally a certain percentage that is added onto the price of goods or services that are purchased. ... Image File history File links Flag_of_Uruguay. ... Image File history File links Flag_of_Uzbekistan. ... Image File history File links Flag_of_Venezuela. ... Image File history File links Flag_of_Vietnam. ... Image File history File links Flag_of_Zambia. ...

See also

This table lists OECD countries by total tax revenue as percentage of GDP (as of 2005). ... Dividend imputation in the Australian tax system allows companies to attach franking credits to dividends paid. ... vat can be a type of barrel used for storage. ... Tax Freedom Day is the first day of the year in which a nation as a whole has theoretically earned enough income to fund its annual tax burden. ... There are three main interpretations of the idea of a welfare state: the provision of welfare services by the state. ... A tax haven is a place where certain taxes are levied at a low rate or not at all. ...

Notes

  1. ^ 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 FITA
  2. ^ 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 ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax worldwide-tax.com
  3. ^ International Tax and Business Guides - Economic Data - Statistics - Tax - EIU - The Economist - Foreign Investment - Deloitte Touche Tohmatsu
  4. ^ Income Tax and Fiscal Incentives
  5. ^ Index of Economic Freedom
  6. ^ Income tax rates from Canada Revenue official site [1]; Quebec has a separate income tax system: [2]. Both accessed March 31, 2008.
  7. ^ Servicio de Impuestos Internos
  8. ^ Ministeriet for Videnskab, Teknologi og Udvikling
  9. ^ Ram & McRae's Investors Information Package
  10. ^ 2008-09 Budget - Tax Concessions
  11. ^ Invest in Iceland Agency - Taxation in Iceland
  12. ^ UN salaries, tax - Nepali Times
  13. ^ eKantipur.com
  14. ^ International Tax and Business Guides - Economic Data - Statistics - Tax - EIU - The Economist - Foreign Investment - Deloitte Touche Tohmatsu
  15. ^ South Africa budget
  16. ^ Belopp och procent - inkomstår 2008/taxeringsår 2009 | Skatteverket
  17. ^ Högsta och lägsta kommunalskatten 2008 - Statistik från SCB
  18. ^ Belopp och procent - inkomstår 2008/taxeringsår 2009 | Skatteverket
  19. ^ VAT rates Sweden - Skatteverket
  20. ^ HM Revenue & Customs Budget 2008 Press Notice PN02
  21. ^ U.S. Federal Individual Income Tax Rates History, 1913-2008, Tax Foundation, January 7, 2008
  22. ^ State Corporate Income Tax Rates, Tax Foundation, January 26, 2007
  23. ^ State Individual Income Tax Rates, 2007, Tax Foundation, February 3, 2008
  24. ^ State and Local Sales and Use Taxes and Internet Commerce, CRS Report for Congress, Steven Maguire, January 28, 2005
  25. ^ [3], Chicago Cook County Board Approves 1% Sales Tax Hike, March 1, 2008,

is the 7th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini/Common Era, in accordance with the Gregorian calendar. ... is the 26th day of the year in the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 34th day of the year in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini/Common Era, in accordance with the Gregorian calendar. ... is the 28th day of the year in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... is the 60th day of the year (61st in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini/Common Era, in accordance with the Gregorian calendar. ...

External link

The Tax Foundation logo The Tax Foundation is a Washington-D.C.-based tax research organization founded in 1937. ... is the 280th day of the year (281st in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ...

  Results from FactBites:
 
Next Income Bracket » Tax Brackets Around the World (1258 words)
This tax is payable by an individual on his or her income and it fluctuates between 15% - 20% depending on the municipal authority.
The tax rate for an individual in 2005 was between 10% - 37%, and is proposed to be between 10% - 40% in 2006.
In a flat tax system, everyone is in the same tax bracket, and all of their income is taxed at the same rate, no matter how high their income may be.
  More results at FactBites »

 
 

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