Back To Top

Your Lowtax Account


Headline Tax Rates Around the World

The table of tax rates below provides a comparative view of taxation across the globe. Aspects that are considered include:

  • Income Tax

    The income of individuals is often taxed at different rates to the profits of corporations. The nature of taxation can also vary between territorial or residential systems, with territorial systems affecting locally earned incomes, and residential systems affecting the local and foreign incomes of residents.

  • Social Security

    Social security contributions are taxes collected from employers and employees, in order to fund social insurance benefits such as state pensions and unemployment benefits.

  • VAT

    Value added taxes (or equivalent consumption taxes) are often added to the purchase of goods and services. More than 140 countries collect value added taxes, with the general trend being for this system to replace conventional sales taxes. Approximately 20% of worldwide tax revenue is as a result of VAT.

  • Withholding

    Withholding taxes are a form of up-front taxation, taken in advance of the due date for payment of final tax liability. These can often affect dividends, interest, and royalties.

Jurisdiction

Income Tax

Social Security*

VAT

Withholding

  Corporate Individual Employer Employee   Dividend Interest Royalties
Algeria
19%-25% 20%-35% 26% 9% 20% 15% 10% 24%
Andorra
10% 10% 0% 0% 4.5% 0% 0% 0%
Anguilla
0% 0% 5% 5% 0% 0% 0% 0%
Argentina
35% 9%-35% 23%-27% 17% 21% 0%-35% 15%-35% 12%-35%
Armenia
10%-20% 24.4%-36% 3% (Regressive) 20% 10% 10% 10%
Aruba
28% 7%-55.85% 26.55% 9.6% 3% 0%-10% 0% 0%
Australia
30% 29%-45% 0% 0% 10% 30% 10% 30%
Austria
25% 20.44%-50% 21.83% 18.2% 20% 25% 0% 20%
Azerbaijan
20% 14%-25% 22% 3% 18% 10% 10% 14%
Bahamas
0% 0% 5.9% 3.9% 0% 0% 0% 0%
Bahrain
0% 0% 12% 11% 0% 0% 0% 0%
Bangladesh
20% 14%-25% 0% 0% 18% 20% 10% 10%
Barbados
15% 20-35% 11.25% 10.1% 0% 0%-15% 0%-15% 0%-15%
Belgium
24.25%-33% 25%-50% 35% 13.07% 21% 21%-25% 21% 15%
Belize
25% 25% 5.35% 3.18% 12.5% 15% 15% 0%
Bermuda
0% 0% BMD 1667.64 per year BMD 1667.64 per year 0% 0% 0% 0%
Bolivia
25% 12.5%-13% 18.71% 12.21% 13% 12.5% 12.5% 12.5%
Bosnia
10% 10% 10.5% 31% 17% 0%-5% 10% 10%
Botswana
22% (branches 30%) 5%-25% 0% 0% 12% 7.5% 15% 15%
Brazil
15% 7.5%-27.5% 37.3% 11% 7%-25% 0% 15%-25% 15%-25%
British Virgin Islands
0% 0% 3.25% 3.25% 0% 0% 0% 0%
Brunei
22% 0% 8.5% 8.5% 0% 0% 15% 10%
Bulgaria
10% 10% 18.5% 12.9% 20% 5% 10% 10%
Canada
15% (local income tax 1%-16%) (branches 25%) 29% (provincial tax 10%-21%) (non-resident tax 7.2%-13.92%) 11.7% 6.73% 5% 25% 0%-25% 0%-25%
Cayman Islands
0% 0% 0% 0% 0% 0% 0% 0%
Chile
20% 4%-40% 8.62% 20% 19% 35% 35% 15%-30%
China
25% 3%-45% 30% 11% 17% 10% 10% 10%
Colombia
34% 19%-33% 4%-6% 12% 16% 0%-33% 14%-33% 33%
Cook Islands
20% 20%-30% - - 17% 15% 15% 15%
Costa Rica
10%-30% 0%-15% 26.17% 9.17% 13% 0%-5% 0%-15% 25%
Croatia
20% 12-40% 15.20% 20% 25% 12%-20% 15%-20% 15%-20%
Curacao
34.5% 13%-49.4% 15.3% 9.35% 5% 0% 35% 0%
Cyprus
10% 20-35% 8.5% 6.8% 18% 0% 0% 5%-10%
Czech Republic
19% 15% 34% 11% 20% 15%-35% 15%-35% 15%-35%
Denmark
25% 14.86% 0% 8% 25% 15%-27% 0%-25% 0%-25%
Dominica
30% 15%-35% 7% 4.75% 15% 15% 25% 25%
Dubai
0% 0% 12.5% (UAE Citizens Only) 5% (UAE Citizens Only) 0% 0% 0% 0%
Ecuador
22% 5%-35% 11.15% 9.45% 12% 0%-10% 0%-22% 22%
Egypt
25%/40.55% 10%-25% 16%-17% 9.5% 0% 0% 20% 20%
El Salvador
25%-30% 10%-30% 9.5% 4% 13% 5%/25% 20%/25% 20%/25%
Equatorial Guinea
35% 10%-35% (non-residents 10%) 21.5% 4.5% 15% 35% (non-residents 25%) 35% (non-residents 25%) 10%
Estonia
21% 21% 33% 2% 20% 0% 0%-21% 0%-10%
Ethiopia
30% 10%-35% 11% 7% 15% 10% 5% 5%
Faroe Islands
18% 35% 1.87% 1.87% 25% 18% 0% 0%
Finland
20% 6.5%-31.75% 23%-25% 0% 24% 20% 0%/24.5% 20%
France
33.33% 5.5%-45% 50% 20% 20% 30% 0% 33.3%
Georgia
15% 20% 0% 0% 18% 5% 5% 10%
Germany
29.875% 14%-45% 19.7% 20.6% 19% 25% 0%-25% 15%
Gibraltar
10% (energy and utility companies 20%) 5%-28% (gross income-based); 17%-40% (allowance-based) 20% 10% 0% 0% 0%-10% 0%
Greece
26% 22-42% 28% 16.5% 23% 0% 33% 25%
Grenada
30% 30% 5% 4% 15% 15% 15% 15%
Guam
15%-35% 10%-35% 7.65% 7.65% 4% 30% 30% 30%
Guatemala
28% 5%-7% 12.67% 4.83% 12% 5% 10% 15%
Guernsey
0/10% 20% 6.5% 6% 0% 0% 0% 0%
Hong Kong
16.5% 15% 5% 5% 0% 0% 0% 5%-16.5%
Hungary
10%-19% 16%-20.32% 28.5% 18.5% 27% 0% 0% 0%
India
30% (plus surcharge 5% and cess 3%) 10%-30% (educational cess 3% of tax) 12% 12% 12.5% (service tax 12.36%) 0% 20% 10%
Indonesia
25% 5%-30% 0% 0% 10% 20% 20% 20%
Iraq
15% 15% 12%/25% 5% 0% 0% 15% 0%
Ireland
25% (trading income 12.5%) 20%-41% 10.75% 4% 23% 0%-20% 20% 0%-20%
Isle of Man
0% (banks 10%) 20% 12.8% 13% 20% 0% 0% 0%
Israel
25% 10%-48% 6.5% 12% 17% 25%-30% 15%-25% 25%
Italy
27.5% 23%-43% 30%-34% 9%-10% 22% 1.375%-20% 12.5%-20% 22.5%
Japan
15%-25.5% 5.105%-40.84% 0% 0% 8% 15.315%-20.315% 15.315%-20.42% 20.42%
Jersey
0/10% 20% 6.5% 6% 5% 0% 0% 20%
Kazakhstan
20% 10%-20% 26% 0% 12% 15%/20% 15%/20% 15%/20%
Kuwait
15% 0% 11.5% 8% 0% 0%/15% 0% 0%
Labuan
25% (offshore trading company 3%; non-trading 0%) 26% 12.5% 11.5% 0% 0% 0% 0%
Latvia
15% 25% 24.09% 11% 21% 0% 5%-10% 5%-15%
Liberia
25% 0%-25% 3% 3% 7% 15% 15% 15%
Liechtenstein
12.5% 21% 11.55% 10.55% 8% 0% 0% 0%
Lithuania
15% 15% 32.6% 9% 21% 15% 10% 10%
Luxembourg
20%-29.2% 15%-42.8% 16.11% 13.85% 15% 15% 0% 0%
Madeira
5% 11.5%-46.5% 23.75% 11% 22% 20% 20% 15%
Malaysia
20%-25% 2%-26% 12.5% 11.5% 0% 0% 15% 10%
Malta
35% 20-35% 10% 10% 18% 0% 0% 0%
Marshall Islands
11.5% 8%-12% 7% 7% 2%-4% 0% 0% 0%
Mauritius
15% (offshore trading company 3%) 15% 6% 3% 15% 0% 15% 0%-15%
Mexico
30% 1.92%-35% 17.7% 5.25% 16% 10% 4.9%-40% 5%-40%
Monaco
33.3% 0% 6.15% 6.15% 19.6% 0% 0% 0%
Montenegro
9% 9%-15% 9.8% 24% 19% 9% 9% 9%
Morocco
10%-37% 0%-38% 6% 3% 20% 15% 10% 10%
Netherlands
20%-25% 1.95%-52% 5.7% 19% 19% 15% 0% 0%
New Zealand
28% 10.5%-33% 1.15% 1.7% 15% 0%-30% 15% 15%
Nigeria
30% 7%-24% 7.5% 1% 5% 10% 10% 10%
Panama
25% (energy, telecommunications, insurance, financial, mining and banking companies 27.5%) (offshore income 0%) 15%-25% 13.5% 10.25% 7% 5%-20% 12.5% 12.5%
Poland
19% 18/32% 22.14% 13.7% 23% 19% 20% 20%
Portugal
25% 11.5%-46.5% 23.75% 11% 23% 25%-30% 25%-30% 15%-30%
Puerto Rico
20% 7%-33% 7.65% 7.65% 7% 10% 29% 29%
Qatar
10%/35% 0% 10% 5% 0% 0% 7% 5%
Ras Al Khaimah
0% 0% 12.5% (UAE Citizens Only) 5% (UAE Citizens Only) 0% 0% 0% 0%
Romania
16% 16% 28.45% 16.5% 24% 16% 16% 16%
Russia
20% 13% 30% 0% 18% 15% 20% 20%
Saint Kitts and Nevis
0% (resident companies 35%) 0% 5% 5% 0% 10% 0% 10%
Saint Vincent and the Grenadines
10%-32.5% 10%-32.5% 4.5% 3.5% 15% 0% 20% 20%
Seychelles
25-33% (sole traders and partnerships 18.75%-33%) 0% 1.5% 1.5% 15% 15% 0%-33% 15%
Singapore
17% 2%-20% 16% 20% 7% 0% 15% 10%
Slovakia
23% 19% 34.8% 13.4% 20% 0% 19% 19%
Slovenia
17% 16%-50% 16.1% 22.1% 20% 15% 15% 15%
South Africa
12%/33% 18-40% 0% 0% 14% 15% 0% 15%
Spain
20-30% 24%/45% 29.9% 6.35% 21% 21% 21% 25%
Sweden
22% 0%-25% 31.42% 15.49% 25% 30% 0% 0%
Switzerland
8.5% (partnership and sole proprietor 0%-11.5%) (cantonal and municipal taxes 6%-24%) 0%-11.5% 5.15% 5.15% 8% 0%-35% 0% 0%
Turks and Caicos Islands
0% 0% 3% 3% 0% 0% 0% 0%
United Kingdom
20-25% 20-50% 13.8% 12% 20% 0% 20% 20%
United States - Delaware
15%-39% (qualified personal service corporation 35%) 10%-35% 7.65% 5.65% 0% 30% 30% 30%
United States - Nevada
15%-39% (qualified personal service corporation 35%) 10%-35% 7.65% 5.65% 0% 30% 30% 30%
Vanuatu
0% 0% 4% 4% 12.5% 0% 0% 0%
Virgin Islands
35% 10%-35% 12.4% 12.4% 5% 10% 10% 10%
 

*The social security rates quoted in the table are the highest rates in each jurisdiction.

We endeavor to keep all rates up-to-date, but if you do spot any errors please let us know by emailing admin@lowtax.net.