World Taxes Income Tax Rates Finance and Economy

Key Data on World Taxes Income Tax Rates Tax Rates
Comparison Table Finance & Economy Worldwide

 
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Tax Rates Around the World

(Note: Only the underlined countries are currently ready)
Country Income Tax VAT
Corporate Individual
Argentina 35% 9-35% 21%
Australia 30% 17-45% 10%GST
Austria 25% 21%-50% 20%
Belgium 33.99% 25-50% 21%
Brazil 34% 7.5-27.5% 17-25%
Bulgaria 10% 10% 20%
BVI - - -
Canada 19.5%(federal) 15-29%(Federal) 5%(gst)
China 25% 5-45% 17%
Croatia 20% 15-45% 23%
Cyprus 10% 20-30% 15%
Czech Rep. 20% 15% 19%
Denmark 25% 38-59% 25%
Egypt 20% 10-20% 10%gst
Estonia 21% 20% 20%
Finland 26% 7.0-30.5% 22%
France 33.33% 5.5-40% 19.6%
Germany 30-33%(effective) 14-45% 19%
Gibraltar 27% 0-40% -
Greece 25% 0-40% 19%
Hong kong 16.5% 2-17% -
Hungary 16% 18% and 36% 25%
India 30-40% 10-30% 12.5%
Indonesia 28% 5-30% 10%
Ireland 12.5% 20-41% 21.5%
Israel 25% 10-45% 16%
Italy 31.4% 23%-43% 20%
Japan 30% 5-50% 5%(consump)
Latvia 15% 23% 21%
Lithuania 20% 15%/20% 19%
Luxemburg 21% 0-38% 15%
Malta 35% 15-35% 18%
Mexico 28% 0-28% 15%
Monaco 33.33% 0% 19.6%
Morocco 35% 0-41.5% 20%
Montenegro 9% 12% 17%
Netherlands 20-25.5% 0-52% 19%
New Zealand 30% 0-39% 12.5%gst
Norway 28% 28-49% 25%
Pakistan 35% 0-25% 15%
Philippines 30% 5-32% 12%
Poland 19% 18%/32% 22%
Portugal 12.5/25% 0-42% 20%
Romania 16% 16% 19%
Russia 20% 13% 18%
Saudi Arabia 20% 20% --
Serbia 10% 10-20% 18%
Singapore 18% 3.5%-20% 7% (gst)
Slovakia 19% 19% 19%
Slovenia 21% 16%-41% 20%
South Africa 28% 0-40% 14%
Spain 30% 24-43% 16%
Sweden 26.3% 0-57% 25%
Taiwan 25% 6-40% 5%
Thailand 30% 5-37% 7%
Tunisia 30% 15-35% 18%
Turkey 20% 15-35% 18%
U.K. 28% 0-40% 17.5%
Ukraine 25% 15% 20%
U.S.A. 15-35% 15-35% -
Vietnam 25% 5-35% 10%
Zambia 35% 0-35% 16%
(Last partial update, September 1, 2009 )

1. In countries in which VAT is charged at a number of different rates, the rate in the Table is the highest rate.
2. The rates in the Table do not include Local tax, if it exists.



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History of Taxation

Introduction
Tax has an extremely long-established history. The ancient Egyptians appointed Tax Masters who increased the burden on the Children of Israel - slaves under Egyptian domination. As a general rule, tax is the source that is best exploited by government. It is imposed on individuals and companies to finance services that the State is obligated to provide and to meet its goals....More info

Bookkeeping - Basic Course


The following pages attempt to give a brief summary of the principles of double entry bookkeeping. After reading the material you will find that the "bogey" is not that bad.
The Development of Bookkeeping.
In each area of life, techniques are developed and inventions made to answer the problems that arise therein. Thus, for example, the invention of the "airplane" provided an answer to the problem of reducing travel time between distant cities. The discovery of "canned foods" on the other hand gave an answer to the need to keep food fresh for long periods. This is similar to what happened with bookkeeping, in that it answered the severe problems that arose in managing modern commerce.  More info...
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