World Taxes Income Tax Rates Finance and Economy

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


HomePage Contact Us About Us Advertise with us
 


   


Shortcut to Countries
  Austria   Brazil
  Bulgaria   BVI
  Canada   China
  Croatia   Cyprus
  Czech R   Estonia
  Finland   France
  Germany   Greece
  Hong Kong   Hungary
  India   Ireland
  Israel   Italy
  Japan   Latvia
  Libya   Lithuania
  Malta   Mexico
  Montenegro   Netherlands
  Poland   Portugal
  Romania   Russia
  Serbia   Singapore
  Slovakia   Slovenia
  Spain   Tunisia
  Turkey   UK
  Ukraine   U.S.A.






World Directories

    Accountants Firms
    Airlines & Airports
    Banks
    Car Rental Companies
    Company Formation
    Financial Consultants
    Governments
    Luxury Hotels
    Insurance Companies
    Lawyers Firms
    Real Estate Agents



Business Opportunities

World Austria
Australia Brazil
Bulgaria China
Croatia Cyprus
Czech R. Estonia
Finland France
Georgia Germany
Greece Hong Kong
Hungary Indonesia
India Ireland
Israel Italy
Japan Latvia
Lithuania Malaysia
Malta Mexico
Netherlands Nigeria
Panama Peru
Poland Portugal
Romania Russia
Saudi arabia Serbia
Singapore Slovakia
Slovenia Spain
Sweden Switzerland
Thailand Turkey
UK UAE
Ukraine Vietnam


News
      Business Newspapers
      General Newspapers

Misc
      Tell A Friend
      Report A Bad Link
      Bookmark Us
      Tax Blog



  Odds & Ends
Exchange Rates
Internet Dictionary
Investor Dictionary
English Dictionary
World Weather
This day in Wall St. History
Business Proverbs
Business Horoscope
Business Cartoons


History of Taxation
Tax Rates Around the World - Comparison
Tax Withholding Rates
Bookkeeping Course
Embassies & Consulates
News - General & Economics
Tax News
World Tax Administrations
Tax Links
Other Links
World Travel and Tourism Guides
World Business Opportunities & B2B
World Stock Exchanges


Tax Rates Around the World 2019

(Note: Only the underlined countries are currently ready)
Country Income Tax Social Security VAT
Corporate Individual Employer Employee
Argentina 30% 9-35% 27% 17% 21%
Australia 30% 17-45%     10%GST
Austria 25% 21%-50% 21.83% 18.2% 20%
Barbados 25% 20/35%     17.50%
Belarus 18% 12% 34% 1% 20%
Belgium 29% 25-50% 40.58% 13.07% 21%
Brazil 34% 7.5-27.5% 37.3% 11% 17-25%
Bulgaria 10% 10% 18.5% 12.9% 20%
BVI 0 0      
Canada 15%(federal) 15-33%(Federal)     5%(gst)
China 25% 3-45% 30% 11% 6%/10%/16%
Croatia 18% 24%/36% 15.20% 20% 25%
Cyprus 12.5% 0-35% 11.5% 7.8% 19%
Czech Rep. 19% 22% 34% 11% 21%
Denmark 22% 38-65% 0 DKK 900 25%
Egypt 22.5% 10-25%     4%-20%
Estonia 20% 20% 33% 1.6% 20%
Finland 20% 6%-31.25% 19.47% 9.14% 24%
France 33.33% 14%-45% 50% 20% 20%
Georgia 15% 20%     18%
Germany 30-33%(effective) 14-45% 19.7% 20.6% 19%
Gibraltar 10% 0-40% Gip 32.97/week Gip 25.16/Week  
Greece 28% 22%-45% 28% 16.5% 24%
Hong kong 16.50% 2-17% 5% 5%  
Hungary 9% 15% 28.5% 18.5% 27%
India 25%-40% 10-30% 12% 12% 5%-15%
Indonesia 25% 5-30% 3.7% 2% 10%
Ireland 12.50% 20-41% 10.75% 4% 23%
Israel 23% 10-47% 7.25% 12% 17%
Italy 24% 23%-43% 30% 10% 22%
Japan 23.2%/23.4% 5-50% 15.448% 14.643% 8%(consump)
Latvia 20% 23% 23.59% 10.50% 21%
Libya 20% 15% 11.25% 3.75%  
Lithuania 15% 15%/20% 32.6% 9% 21%
Luxemburg 18% 0-40% 14.69% 13.45% 17%
Malta 35% 15-35% 10% 10% 18%
Mexico 30% 0-30% 7% 2% 16%
Moldova 12% 7%/18% 26.5% 9.5% 20%
Monaco 33.33 0%     19.60%
Morocco 31% 0-41.5%     20%
Montenegro 9% 9%/15% 10.3% 24% 19%
Netherlands 25% 5.85%-52%     21%
New Zealand 28% 0-39%     15%gst
Norway 22% 28-49% 14.1% 7.8% 25%
Pakistan 30% 0-25%     17%
Panama 25% 15-25% 12% 9% 7%
Philippines 30% 5-32% PHP 1,090 PHP 500 12%
Poland 15%/19% 18%/32% 22.14% 13.7% 23%
Portugal 21% 14.5-48% 23.75% 11% 23%
Romania 16% 16% 28.45% 16.5% 24%
Russia 20% 13% 30% 0 18%
Saudi Arabia 20% 20%     --
Serbia 15% 10-20% 19.9% 19.9% 20%
Singapore 17% 3.5%-20% 17% 20% 7% (gst)
Slovakia 21% 19%/25% 34.8% 13.4% 20%
Slovenia 19% 16%-50% 16.1% 22.1% 22%
South Africa 28% 0-40%     15%
Spain 25% 19%-45% 23.6% 6.35% 21%
Sweden 21.4% 0-57%     25%
Switzerland 8.5% 0-11.5% (federal) 25.08% 20.73% 2.5%/3.7%/7.7%
Thailand 20% 5-37% 5% 5% 7%
Tunisia 25% 15-35% 16.57 9.18 18%
Turkey 22% 15-35% 20.5% 14% 18%
U.K. 19% 0-45% 13.8% 12% 20%
Ukraine 18% 15/17% 49.7% 3.6% 17%
U.S.A. 21% 10%-37% 7.65% 5.65%  
Vietnam 20% 5-35% 21% 9% 10%
Zambia 35% 0-35%     16%
(Last partial update March 9,2019)

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.
3. Social security rates are the highest rates. Unlike income tax social security contributions are generally imposed on income up to a ceiling.



Tax and Business News 2019

  • Czech V.A.T. Cut
    The standard 21% V.A.T. rate in the Czech Republic will be reduced till around April 1,2020. The reduced V.A.T. rate will be reduced from 15% to 10%. October 2019.
  • Berlin Rents Freeze
    The Berlin coalition approved on October 18, 2019 freezing of the rents for five years period. The decision is a blow to the landlords in Berlin. October 2019.
  • Turkey Interest Rate Cut
    The Turkish central bank cut on October 24,2019 the interest rate by 2.5%, from 16.5% to 14%,deeper than the expected cut to only 15.5%. October 2019.
  • U.S. Interest Rate Cut
    The U.S. federal reserve cut on September 18, 2019 from 25%-2.25% to a range of 1.75%-2%. The new cut is the second in 2019. September 2019.
  • India Corporate Rate Cut
    The finance minister announced that corporate tax for domestic companies will be cut from 30% to 22% subject to certain terms. The tax rate for industrial companies will be cut from 25% to 15%, subject to terms. September 2019.
  • Europe Interest Rate Cut
    The central bank, ECB, decided on September 12, 2019 to cut the deposit interest rate from -0.4% to -0.5%, the first cut since 2016.The interest rate on the euro remains unchanged at 0%. September 2019.
  • Israel GDP Growth
    According to an estimate by the statistics office the Israeli GDP rose by only 1% in the second quarter of 2019, compared to 4.7% in the first quarter and 4.2% in the 4th quarter of 2018. August 2019.
  • U.K. GDP Drop
    The British GDP contracted in the second quarter of 2019 by 0.2%, the first GDP drop since 2012. In the first quarter of 2019 the GDP rose by 0.5%.August 2019.
  • China Currency Devaluation
    China devaluated the yuan currency on August 5, 2019 by 1.4% dropping the exchange rate below 7 yuan per dollar. The devaluation is the first in more than a decade aiming as a counter action in the developing U.S. China trade war. August 2019.
  • U.S. Interest Rate Cut
    The federal reserve cut on July 31, 2019 the interest rate by 0.25%, the first cut since 2008. The cut is in line with the market forecasts. August 2019.
  • U.S. June Job Report
    The U.S. economy added 224,000 new jobs in June, much higher than the prior estimates of 170,000 new jobs. July 2019
  • France to Tax Technology firms
    The French parliament approve a new 3% tax on giant technology U.S. firms such as Google,Facebook, Apple and Amazon. The tax will, be imposed on services provided in France. July 2019.
  • South Korea Japan Trade War
    Following Japan's decision to impose new restrictions on sale of certain vital chemicals to Korean giant technology firms Korea reacts back. Services to Japanese cars and services in Korea are now very limited. July 2019
  • China GDP Growth
    The Chinese economy grew by 6.2% in the second quarter of 2019, the lowest growth in the last 27 years. The preliminary estimate predicted A growth of 6.3%. July 2019.
  • U.S May Job Report
    The labor department issued a disappointing report for May. Only 75,000new jobs were added to the U.S. economy compared to a forecast of 185,000 new jobs. June 2019.
  • Turkey Credit Rating Downgrade
    The credit rating agency Moody's downgraded Turkey's credit rating from Ba3 to B1. The previous downgrade was in last August. June 2019.
  • U.S. April Job Report
    263,000 new jobs were added to the U.S. economy in April 2019 compared to prior estimates of 212,000 new jobs. The unemployment rate in April fell from 3.8% to 3.6%. May 2019.
  • Israel's Budget Deficit
    The Israeli ministry of finance reported on May 6 that the budget deficit in the 12 months till April 2019 rose to 3.8% of the GDP ,mounting to IS 14.1 billion. May 2019.
  • U.S.A. China Mobile Ban
    The US FCC, federal communications committee, decided on May 5, 2019 to ban the Chinese company China Mobile from offering communications services in the U.S.A. The U.S.A. believes that the Chinese company which is owned by the government may be a security risk. May 2019.
  • U.S. March Job Report
    196,000 new jobs were added to the U.S. economy in March 2019 compared to a lower preliminary estimate. The job report for February was updated from previous 20,000 to 33,ooo new jobs. April 2019.
  • Euro 500 notes
    The central banks of Germany and Austria, the two countries having the highest number of Euro 500 notes in use joined on April 26, 2019 the former 2016 decision of the ECB to stop issuing new Euro 500 notes. The notes already in use will remain a legal tender with no time limit. April 2019.
  • China GDP Growth
    The Chinese statistical office reported on April 17, 2019 that the GDP growth in the first quarter of 2019 was 6.4% on a year on year basis, the lowest growth in the last twenty years. April 2019.
  • Ukraine Space Industry Exemptions
    The cabinet extended on February 13, 2019 the current exemptions of VAT and customs duty for the space industry till January 1, 2013. March 2019.
  • Greece Tax 2019
    In 2019 the new corporate income tax rate in Greece is 28% reduced from previous 29% rate. The personal income tax rates for 2019 range from 22% to 45%. March 2019.
  • OECD 2019 World Forecast
    The OECD published on March 6, 2019 its interim forecast for 2019 and 2020. The OECD cuts, compared to its November report, the growth for 2019 from 3.5% to 3.3%. The growth for 2020 is expected to fall from 3.5% to 3.4%. March 2019.
  • Greece Credit Rating
    The credit rating agency Moody's raised on March 1, 2019 the credit rating for Greece by two notches, from B3 to B1 with a stable outlook. March 2019.
  • Israel New Cash Law
    Starting January 1, 2019 a new cash law is in effect in Israel, aiming to restrict the use of black money. February 2019.
  • U.K. Growth Forecast
    The bank of England, the central bank, warned on February 7, 2019 that the U.K. will face in 2019 the lowest economic growth for a decade. February 2019.
  • Israel Credit Rating
    The credit rating agency S&P's changed on February 4, 2019 Israel's already high –AA credit rating from temporary to constant. The new rating will enable Israel to get loans in the global market in a low interest rate. February 2019.
  • U.K. November Job Report
    The office for national statistics reported on January 22, 2019 that 32.53 million people were employed in November 2018, a rise of 328,000 compared to a year earlier. January 2019.
  • U.S. December Job Report
    The U.S. labor department reported on January 4, 2019 that 312,000 new jobs were added in December 2018, compared to a preliminary estimate of 184,000 new jobs. January 2019.
  • Bahrain V.A.T. Regime
    Starting January 1, 2019 a 5% V.A.T rate will be imposed in Bahrain. From that date the regime will apply only for businesses with a turnover exceeding BD 5 million. Two other stages for smaller businesses will apply later in 2019. December 2018.
  • U.S. Interest Rate Rise
    The U.S. federal reserve raised on December 19, 2018the interest rate by 0.25% to 2.5%. The present rise is the fourth rise in 2018, Two additional rises are expected in 2019. December 2018.
  • Israel Share Warrants Taxation
    According to a new circular by the Israeli tax office regarding taxation of share warrants in case of exit or public offering will rise from current 25% to a rate similar to labor taxation, about 50% for senior employees. December 2018.
  • Switzerland Pakistan Tax Treaty
    The 2017 double tax treaty, DTA, between the two countries entered into force on November 29, 2018. According to the DTA the tax withholding rates will be 10%/20% for payments of dividends, 10% for payments of royalties and interest. December 2018.
  • U.S. October Job Report
    The U.S. labor department reported on November 2, 2018 that 250,000 new jobs were added to the U.S. economy in October, compared to a preliminary forecast of 200,000 new jobs. November 2018.
  • Israel Interest Rate Rise
    The Israeli central bank raised on November 26, 2018 the interest rate from 0.1% to 0.25%, the first rise for the last seven years. November 2018.
  • U.K. 2018 Budget
    According to the 2018 budget the corporate income tax rate will be reduced from 19% to 17% starting April 1, 2010.A new 2%digital serve tax will be imposed from the same date. November 2018.
  • U.S. September Job Report
    The U.S. labor department reported on October 5,2018 that 134,000 new jobs were added to the American economy in September, compared to a forecast of 185,000 new jobs. October 2018.
  • Italy Credit Rating Downgrade
    Moody's credit rating agency downgraded on October 19, 2018 Italy's credit rating from Baa2 to Baa3.The agency changed Italy's outlook from negative to stable. October 2018.
  • Turkey September Inflation
    According to the Turkish statistical office the consumer price index in September 2018 rose by 24.52% compared to September 2017, the highest rise since August 2003. October 2018.
  • Russia V.A.T. Rise
    Starting January 1, 2019 the standard V.A.T. rate will rise from the current 18% rate to 20%. The reduced 10% rate will remain unchanged. October 2018.
Tax Updates Archive




   

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...
World-wide Tax 
BBC Best Link
International tax and other economic information with embassy contacts and other details essentail for world-wide business.
Plus a handy basic guide to bookkeeping.


Custom Search

Recommended websites


Tax & Business Articles

Greece Tax 2019

Israel Tax 2019

Czech Rep. Tax 2018

Poland Tax 2018

Finland Tax 2018

France Tax 2018

Malta Tax 2018

Cyprus Tax 2018

Italy Tax 2018

Germany Tax 2018

Croatia Tax 2018

Why Singapore is a Prime Banking Destination

Warsaw Stock Exchange

Singapore Economic Freedom

World Social Security Rates

Dutch Preference Shares Classified as Loans

Malta Tax Treatment of Royalties Derived From Patents

Property purchase in Poland

How Do I Form and Incorporate A Company In Canada?

Hong Kong Company Formation

Polish Company Law

Critical Illness Cover

Cyprus Company Formation

Tax Withholding Rates

Canadian tax

Forex Trader Tax Filing

Hong Kong Taxes

More Tax Articles

Quote and Chart Search

You can search for stocks, futures,
and forex by symbol or name.









Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
Please read our terms of service before entering this site.



Go Back

© All copyrights reserved

Homepage | Security Policy | Terms of Service