Data approximate, for reference only. Consult local authorities for current rates.
| Country ↑ | Flag | Income Tax (Top) ↕ | Corporate Tax ↕ | VAT/GST ↕ |
|---|---|---|---|---|
| Argentina | 🇦🇷 | 35% | 35% | 21% |
| Australia | 🇦🇺 | 45% | 30% | 10% |
| Brazil | 🇧🇷 | 27.5% | 15-34% | Varies |
| Canada | 🇨🇦 | 33% | 15% | 5-15% |
| Chile | 🇨🇱 | 40% | 27% | 19% |
| China | 🇨🇳 | 45% | 25% | 13% |
| Colombia | 🇨🇴 | 39% | 35% | 19% |
| Denmark | 🇩🇰 | 55.9% | 22% | 25% |
| Egypt | 🇪🇬 | 25% | 22.5% | 14% |
| France | 🇫🇷 | 45% | 25% | 20% |
| Germany | 🇩🇪 | 45% | 15% | 19% |
| Hong Kong | 🇭🇰 | 15% | 16.5% | 0% |
| India | 🇮🇳 | 30% | 25-30% | 18% |
| Indonesia | 🇮🇩 | 35% | 22% | 11% |
| Ireland | 🇮🇪 | 40% | 12.5% | 23% |
| Israel | 🇮🇱 | 50% | 23% | 17% |
| Italy | 🇮🇹 | 43% | 24% | 22% |
| Japan | 🇯🇵 | 45% | 23.2% | 10% |
| Malaysia | 🇲🇾 | 30% | 24% | 10% |
| Mexico | 🇲🇽 | 35% | 30% | 16% |
| Netherlands | 🇳🇱 | 49.5% | 25.8% | 21% |
| New Zealand | 🇳🇿 | 39% | 28% | 15% |
| Nigeria | 🇳🇬 | 24% | 30% | 7.5% |
| Philippines | 🇵🇭 | 35% | 25% | 12% |
| Poland | 🇵🇱 | 32% | 19% | 23% |
| Portugal | 🇵🇹 | 48% | 21% | 23% |
| Russia | 🇷🇺 | 15% | 20% | 20% |
| Saudi Arabia | 🇸🇦 | 0% | 20% | 15% |
| Singapore | 🇸🇬 | 22% | 17% | 9% |
| South Africa | 🇿🇦 | 45% | 27% | 15% |
| South Korea | 🇰🇷 | 45% | 24% | 10% |
| Spain | 🇪🇸 | 47% | 25% | 21% |
| Sweden | 🇸🇪 | 52% | 20.6% | 25% |
| Switzerland | 🇨🇭 | 40% | 8.5% | 8.1% |
| Taiwan | 🇹🇼 | 40% | 20% | 5% |
| Thailand | 🇹🇭 | 35% | 20% | 7% |
| UAE | 🇦🇪 | 0% | 9% | 5% |
| United Kingdom | 🇬🇧 | 45% | 25% | 20% |
| United States | 🇺🇸 | 37% | 21% | Varies |
| Vietnam | 🇻🇳 | 35% | 20% | 10% |
About Global Tax Rates
Tax systems vary enormously around the world. Income tax rates shown represent the top marginal rate for individuals. Corporate tax rates reflect the standard headline rate, though effective rates may differ due to deductions, credits, and local surcharges. VAT (Value Added Tax) or GST (Goods and Services Tax) is a consumption tax applied at each stage of the supply chain. Some countries like the United States do not have a federal VAT but impose state-level sales taxes that vary by jurisdiction. Tax treaties between countries can also affect the actual rates paid by individuals and businesses operating internationally.
FAQ
Q: What is the difference between income tax and corporate tax?
A: Income tax is levied on individual earnings such as wages, salaries, and investment income. Corporate tax is applied to the profits of businesses and corporations. The rates and structures differ significantly between countries.
Q: What is VAT/GST and how does it differ from sales tax?
A: VAT (Value Added Tax) and GST (Goods and Services Tax) are consumption taxes collected at each stage of production. Unlike sales tax, which is only collected at the final point of sale, VAT/GST is charged throughout the supply chain with businesses claiming credits for tax already paid.
Q: Why do some countries have 0% income tax?
A: Countries like the UAE and Saudi Arabia do not levy personal income tax on individuals. These nations often fund government spending through oil revenues, corporate taxes, or other sources such as VAT. This policy is sometimes used to attract foreign talent and investment.
Q: Are the tax rates shown the actual rates people pay?
A: The rates shown are top marginal rates, meaning they apply only to income above a certain threshold. Most countries use progressive tax brackets, so the effective rate paid by most taxpayers is lower than the top rate. Deductions, credits, and exemptions further reduce the actual tax burden.
Q: How do tax treaties affect international taxation?
A: Tax treaties are agreements between countries that prevent double taxation and reduce withholding taxes on cross-border income. They determine which country has the right to tax specific types of income, such as dividends, interest, and royalties, helping individuals and businesses avoid paying tax twice on the same income.