Tax rates around the world
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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 healthcare provision is paid for from taxation, while in other countries healthcare is normally paid for with private insurance. Also, in some countries third-level education fees are paid for by the Exchequer, and only foreign students need pay the fees themselves. The lists below give an indication by rank of some raw indicators.
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[edit] List of tax rates around the world
| This article appears to contradict the article [[1, 2, 3, 4|1, 2, 3, 4]]. Please see discussion on the linked talk page. |
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 | Corporate Income tax | Personal Income tax | VAT |
|---|---|---|---|
| Algeria | 25% | 0-40% | 21% |
| Ancient Rome (500 BC to 500 AD) | 0-22.5% | 0-90% | 0% |
| Argentina | 35% | 9-35% | 21% |
| Australia | 30% | 0-45% | 10% Goods and Services Tax (GST) |
| Austria | 25% | 21-50% | 20% |
| Azerbaijan | 24% | 0-35% | 18% |
| Bangladesh | 40% | 0-25% | 15% |
| Belarus | 24% | 9-30% | 18% |
| Belgium | 33.99% | 25-50% | 21% |
| Bosnia and Herzegovina | 30% | 5% | 17% |
| Brazil | 34% | 0-15-27.5% | 17-25% |
| British Virgin Islands | 0% | 8%[1] | 0% |
| Bulgaria[2] | 10% | 10% | 20% |
| Cameroon | 38.5% | 10-35% | 18.7% |
| Canada | 36.10% | 0-29% (federal) + 0-24% (provincial) | 6-14% (GST, and Provincial Sales Tax. Varies from province to province). |
| Chile[3] | 17% | 0-40% | 19% |
| China | 25% | 5-45% | 17% |
| Colombia | 35% | 0-35% | 16% |
| Croatia | 20% | 15-45% | 22% |
| Cuba | 30% | 10-50% | N/A |
| Cyprus | 10% | 20-30% | 15% |
| Czech Republic | 24% | 12-32% | 19% / 5% / 0% on selected goods and services |
| Denmark | 25%[4] | 0%[5] - 62.28%[6] | 25% |
| Egypt | 40% | 20-40% | N/A |
| El Salvador | 25% | 0-25% | 13% |
| Estonia | 22% | 22% | 18% |
| Finland | 26% | 25-53% | 22% (standard rate) / 17% (food) / 8% (selected goods and services, incl. books and pharmaceuticals) / 0% |
| France | 33.1/3% | 5.5-40% | 2.1%/5.5%/19.60% |
| Germany | 25% (federal) | 15-42% | 7% / 19% |
| Georgia | 20% | 12% | 18% |
| Greece | 22/29% | 0-40% | 19% |
| Guatemala | 31% | 15-31% | 12% |
| Guyana | 35-45% | 33.3% | 16% |
| Hong Kong | 16.5% | 0-16% | N/A |
| Hungary | 16% | 18-36% | 20% |
| Iceland | 18% | 0%/35% | 7%/24.5% |
| India | 30-40% | 0-30% | 12.50% |
| Indonesia | 10%-30% | 5-35% | 10% |
| Ireland | 12.50% | 20-41% | 21% |
| Israel | 27% | 10-47% | 15.50% |
| Italy | 37.25% | 23-45% | 20% |
| Japan | 30% | 15-50% | 5% (consumption) |
| Jordan | 15/25/35% | 5-30% | 13% GST |
| Latvia | 15% | 25% | 18% |
| Lebanon | 15/4-21% | 2-20% | 10% |
| Lithuania | 15% | 10-35% | 18% |
| Luxembourg | 29.63% | 6-38.95% | 15% |
| Republic of Macedonia | 12% | 12% | 5-18% |
| Malaysia | 28% | 0-28% | 5-10% Service/Sales Tax |
| Malta | 35% | 0-35% | 0/5/18% |
| Mauritius | 15% | 15% | 15% |
| Mexico | 28% | 3-29% | 15% |
| Monaco | 33.33% | 0% | 19.60% |
| Montenegro | 9% | 15% (12% in 2009, 9% in 2010) | 17% (7% for certain goods and services) |
| Morocco | 35% | 0-41.5% | 20% for goods / 14% for services |
| Netherlands | 20-25.5% | 34.15-52% | 19% (6% for certain goods) |
| New Zealand | 33% | 0-39% | 12.5% GST |
| Nigeria | 30% [7] | 5/10/15/20/25% [8] | 5% |
| Norway[9][10] | 28%/0%[11] | 28-54.3% | 13%(foodstuffs)/25% |
| Pakistan | 35% | 7.5-35% | 15% |
| Panama | 30% | 0-30% | 5% |
| Peru | 27% | 15-30% | 19% |
| Philippines | 35% | 5-32% | 12% |
| Poland | 19% | 19-40% | 7%(for certain goods), 22% |
| Portugal | 27.50% | 10.5-42% | 21% |
| Romania | 16% | 16% | 19% |
| Russia | 24% | 13% | 18% |
| Saudi Arabia | 20% | 0% | N/A |
| Senegal | 33% | 0-50% | 20% |
| Serbia | 10% | 38% | 18% |
| Singapore | 18% (20% through YA 2007) | 0-20% | 7% GST |
| Slovakia | 19% | 19% | 19% |
| Slovenia | 25% | 16-41% | 20% |
| South Africa | 29% | 18-40% | 14% |
| South Korea | 13/25% | 0-36% | 10% |
| Spain | 35% | 15-45% | 7% / 16% |
| Sweden | 28% | 0-55% | 12% (food and hotel stays) 6% ( books, newspapers, travel and concerts) 25% |
| Switzerland | 13-25% | 0-45.5% | 7.6% |
| Syria | 10-45% | 5-15% | N/A |
| Taiwan | 25% | 6-40% | 5% |
| Thailand | 30% | 5-37% | 7% |
| Tunisia | 30% | 0-35% | 12-18% |
| Turkey | 20% | 15-35% | 18% |
| Ukraine | 25% | 15% | 20% |
| United Arab Emirates | 0% | 0% | 0% |
| United Kingdom | 30% | 0-40% | 0/5/17.5% |
| United States | 39.3% | 0/15/25/28/33/35% (plus 0-9.3% state income tax) | 0-9.75%[12] in state & local sales tax (not VAT); typically around 8.5%, but up to 16.75%[13] when including other taxes |
| Uruguay | 25% | 0-25% | 22% |
| Uzbekistan | 18% | 13-30% | 20% |
| Venezuela | 15/22/34% | 6-34% | 9% |
| Vietnam | 28% | 0-40% | 10% |
| Zambia | 35% | 10-30% | 17.50% |
| Average[14] | 27% | 34% | 15% |
| Average (Developing)[14][15] | 29% | 41% | 17% |
| Average (Developed)[14][16] | 27% | 31% | 15% |
[edit] References
- ^ Assessed by way of Payroll Tax on remuneration relating to employment only. Includes benefits, but excludes any income arising outside of employment or deemed employment. See generally: Taxation in the British Virgin Islands.
- ^ http://www.iht.com/articles/ap/2006/10/12/business/EU_FIN_ECO_Bulgaria_Corporate_Tax.php
- ^ Servicio de Impuestos Internos
- ^ http://www.tax.dk
- ^ 0% is taxed on the first DKK 41.000 ($8,000) earned from sources such as social benefits and capital income. For salary earnings the minimum is 8%. For details see Income tax
- ^ While the marginal tax is often higher, 62.28% is the maximum total income tax. For details see Income tax
- ^ Nigerian corporate tax: http://firs.gov.ng/information/business_corporation/company_income_tax/index.html
- ^ Nigeria personal tax: http://firs.gov.ng/information/individuals/personal_income_tax/index.html
- ^ http://www.regjeringen.no/en/dep/fin/Selected-topics/Economic-Policy/topics/The-Norwegian-tax-reform-2004-2006.html
- ^ http://www.skatteetaten.no/Templates/Brosjyre.aspx?id=7160
- ^ Income from shares - i.e. dividends and profits from selling or trading shares.
- ^ No state or local sales tax in Alaska, Delaware, Montana, New Hampshire, Oregon, Pennsylvania (on most clothing and footwear), and New York City (on clothing and footwear under $110, as of April 1, 2006). 9.75% state, county, and local taxes exist in Tennessee and Louisiana.
- ^ As in the case of hotel accommodation in San Antonio, Texas (municipal, county, and state hotel occupancy taxes) and other cities
- ^ a b c For the calculation, the highest rate is used.
- ^ Developing countries only.
- ^ Developed countries only.
[edit] Sources
[edit] See also
- List of countries by tax revenue as percentage of GDP
- Dividend imputation
- VAT Rates
- Income tax in the Netherlands
- Tax Freedom Day
- Welfare state
- Tax haven
