| Afghanistan |
20% |
|
|
2% to 5% |
| Albania |
10% |
|
|
20% |
| Algeria |
19% |
035% |
|
17% or 14% or 7% |
| Andorra |
N/A |
0% |
N/A |
4.5% or 1% |
| Angola |
35% |
160% |
|
10% |
| Argentina |
35% |
935% |
|
21% |
| Armenia |
20% |
|
|
20% |
| Aruba |
28% |
|
|
|
| Australia |
30% |
045%
1.5% (Medicare levy) |
4.75-6% (state) |
10% GST (0% on essential items) |
| Austria |
25% |
2150% |
|
20% |
| Azerbaijan |
20% |
030% |
|
18% |
| Bahamas |
0% |
0% |
3.9% by employee, 5.9% by employer |
0% |
| Bangladesh |
045% |
025% |
|
15% |
| Barbados |
25% |
25%35% |
|
15% (hotel accommodation 7.5%) |
| Belarus |
18% |
12% |
35% |
20% or 10% |
| Belgium |
33.99% |
2555% |
|
21% (6% for essential and selected goods) |
| Benin |
35% |
35% |
|
18% |
| Bhutan |
|
025% |
|
|
| 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) |
13% (VAT) multiple rates (ICE: Consumption of specific products) |
| Bosnia and Herzegovina |
10% FBiH, 10% RS |
5% FBiH, 015% RS |
33.76% FBiH, 4257% RS |
17% FBiH and RS |
| Botswana |
15% (plus 10% surcharge) |
25% |
|
12% |
| Brazil |
34% |
027.5% |
31% |
17% to 25% |
| Brunei |
23.5% |
0% |
0% |
N/A |
| Bulgaria |
10% |
10% |
|
20% |
| Burkina Faso |
1030% |
2-30% |
|
18% |
| Burundi |
35% |
35% |
N/A |
18% |
| Cambodia |
|
|
|
10% |
| Cameroon |
38.5% |
1035% |
|
19.25% |
| Canada |
15%(11% small business reduced rate) (federal)
216% (provincial) |
029% (federal)
024% (provincial) |
4.95% (CPP)
1.78% Employment Insurance (EI)
|
5% (Federal GST) with exemptions for small-businesses
010%(PST) |
| Cape Verde |
|
|
|
15% |
| Central African Republic |
|
|
|
19% |
| Chile |
17% |
040% |
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% |
| China |
25% |
545% |
|
17% with many exceptions |
| Colombia |
33% |
033% |
|
16% |
| 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 |
| Croatia |
20% |
12%-25%-40% |
37.2% (nationwide)
018% (local) |
23% (0% on books and some foods) |
| Cuba |
30% |
1050% |
|
2.5% to 20% |
| Cyprus |
10% |
030% |
6.8% |
15% (5% or 0% for certain goods) |
| Czech Republic |
20% |
15% |
47.5% |
20% or 10% (certain goods) |
| Denmark |
25% |
36.5755.4 % |
8% |
25% |
| Egypt |
20% |
1020% |
N/A |
10% (standard), 25% (luxury goods), 0% (exports) |
| El Salvador |
25/30% |
030% |
|
13% |
| Estonia |
21% |
021% |
33% |
20% or 9% |
| Finland |
26% |
6.530% national, 1621% municipal |
|
23%
13% (food and fodder)
9% (e.g. accommodation and culture) |
| France |
33.33% |
040% (income tax) |
45% (social charges employers)
21% (social charges employees) |
19.6% or 7% or 5.5% or 2.1% |
| Gabon |
35% |
555% |
2.6% |
18% |
| Germany |
29.8% (average) |
045% |
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) |
| Georgia |
15% |
20% |
|
18% |
| Gibraltar |
10% |
1740% |
N/A |
0% |
| Greece |
22/25% |
045% |
44% |
23% or 11% |
| Guatemala |
5% of Revenue or
31% of Net Income |
1531% |
17.5% (Social Security, Recreation and Technical Training Institutes) |
12% |
| Guyana |
35%/45% |
33⅓% |
|
16% or 0% |
| Hong Kong |
16.5% |
015% |
5% mandatory personal defined contribution pension. 40% of Hong Kong Government revenue is from indirect taxation such as land sales |
N/A |
| Hungary |
10% and 19% |
16% and 20.32% (2012) |
36.5% (2011) |
27% , 18% (milk, dairy products, flour, cereals, bakery products etc.), 5% (medicines, books etc.) |
| Iceland |
20% |
046 - 28% |
6% |
25.5% or 7% |
| India |
33.2175% |
030% (+3% cess) |
|
2%12.5% |
| Indonesia |
25% starting FY 2010 |
530% |
|
10% |
| Iran |
25% |
035% |
1535% |
1.5-10% depending on item |
| Ireland |
12.5%/25%/10% |
041% |
0-11% |
23% Goods
9%-13.5% Services
0% certain items of food |
| Israel |
24% |
1045% |
|
16% |
| Italy |
31.4% |
2343% |
|
21% or 10% or 4% (food, books) |
| Jamaica |
33.3% |
35% |
25% |
17.5% |
| Japan |
40.69% |
550% (40% national + 10% local) |
25.63% |
5% (consumption) |
| Jordan |
14/24/30% |
014% |
|
16% (GST) |
| Kazakhstan |
17.5%, 15%(2011-) |
10% |
11% |
12% |
| South Korea |
10%,20%,22% |
6%,15%,24%,35%,38% |
|
10% |
| Latvia |
15% |
25% |
35.09% (11% by the employee) |
22% |
| Lebanon |
15/4-21% |
220% |
|
10% |
| Liechtenstein |
18-20% on profits |
1.2-34.32% |
N/A |
3.6-7.6%, (lodging services additional 2.4%) |
| Lithuania |
15% |
015% |
39.98% |
21% |
| Luxembourg |
29.63% |
638.95% |
|
15% |
| Macau |
12% |
|
|
|
| Macedonia |
10% |
10% |
|
|
| Malaysia |
25% |
026% |
2.25%, 21% to Provident Fund http://www.mohr.gov.my/pdf/sohchee.pdf |
|
| Maldives |
0-15% |
|
|
3.5% Since October 2, 2011(To be increased to 6% from January 1, 2012) |
| Malta |
35% |
035% |
|
18% |
| Mauritius |
15% |
15% |
|
15% |
| Mexico |
28% |
329% |
35% |
16% |
| Monaco |
Company's do not suffer any direct tax on their profits. However, if more than 25% of a company's turnover is generated outside of Monaco, then the company is subject to a 33.33% tax rate, not counting deductions, ranging between 0.33-9.33%.66 |
0% |
The employer's contribution to Social Security is between 28%-40% (averaging 35%) of gross salary including benefits, and the employee pays a further 10%-14% (averaging 13%). |
5.6 - 19.6% |
| Montenegro |
9% |
15% |
|
17% |
| Morocco |
30% |
038% |
|
20% |
| Nepal |
N/A |
1025% |
|
13% |
| Netherlands |
20/25% |
052% |
|
19% (6% for essential and selected goods) |
| New Zealand |
28% |
10.533% |
|
15% GST |
| New Caledonia |
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) |
|
N/A |
| Norway |
28% |
047.8% |
014.1% |
25% or 14% (food and drink in shops) or 8% (transportation) |
| Pakistan |
35% |
7.535% |
|
16% (GST) |
| Palestine |
15% |
5-15% |
5-15% |
14.5% (VAT) |
| Panama |
30% |
027% |
|
7% or 0% |
| Peru |
30% |
0-15-21-30% |
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 Selectivo al Consumo (To some products like liquor, cigarettes, etc.) |
| Philippines |
30% |
532% |
|
12% or 7% or 0%
(in some cases, foreign investors are zero-rated) |
| Poland |
19% |
0%, 18%, 32% (or optional 19% flat rate for self-employed) |
41.11% |
23% or 8% or 5% |
| Portugal |
25% |
10.540% |
23.75% |
Normal: 23% Intermediate: 13% Reduced: 6%
Madeira, Aores: 15%, 9%, 4% |
| Romania |
16% |
16% |
45.15% |
24% or 9% (medicines, books, newspapers, hotel ...), or 4% |
| Russia |
20% (13% for SME) |
13% |
34% (10% for SME) before annual salary exceeds 415k RUB, 8% thereafter -obligatory social payments |
0-18% (reduced rates for certain goods, no VAT for SME except for imports activities) |
| Saudi Arabia |
20% (higher for oil/gas) |
Zakat (natives)
20% (foreigners) |
11% Social security |
0% |
| Senegal |
25% |
up to 50% |
|
20% |
| Serbia |
10% |
1220% |
35.8% |
18% or 8% or 0%
(reduced rates are for certain goods) |
| Singapore |
17% |
3.5%20% |
|
7% (GST) |
| Slovakia |
19% |
19% |
|
20% |
| Slovenia |
20% |
1641% |
0% (abolished) |
20% or 8.5% |
| South Africa |
28% |
040% |
|
14% |
| Spain |
2530% |
052% |
|
18% or 8% or 4% |
| Sri Lanka |
0-35% |
024% |
|
0% or 12% |
| Sweden |
26.3% |
28.89%57%84 |
31.42% |
25% or 12% or 6% |
| Switzerland |
1325% |
013.2% (federal) |
|
8.0% or 3.8% or 2.5% |
| Syria |
1045% |
515% |
|
|
| Taiwan |
17% |
640% |
|
5% |
| Tanzania |
30% |
1530% |
|
|
| Thailand |
30% |
537% |
|
7% |
| Tunisia |
30% |
035% |
|
18% or 12% or 6% |
| Turkey |
20% |
1535% |
3540% |
18% |
| Ukraine |
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) |
| United Arab Emirates |
N/A |
0% |
|
N/A |
| United Kingdom |
20% for annual profits under 300000 and 25% for annual profits over 300000 http://www.hmrc.gov.uk/rates/corp.htm |
20% for annual incomes under 35000, 40% for annual incomes between 35000-150000 and 50% for annual incomes over 150000 |
0%11% (individual) 0-12.8% (employer) (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 periodicals. |
| United States |
0-38% (federal)
0-12% (states) |
0-35% (federal)
0-10.55% (states)
|
2.9-15.3% (federal, regressive)
0-2% (states, usually regressive) |
0-10.25% (states and local) |
| Uruguay |
30% |
025% |
|
22% |
| Uzbekistan |
9 % |
1122% |
|
0-20% |
| Venezuela |
15/22/34% |
634% |
|
810%/12% |
| Vietnam |
25% |
535% |
|
10% |
| British Virgin Islands |
N/A |
0% |
1014% |
N/A |
| Zambia |
35% |
1030% |
|
17.5% |
