Key Data on World Taxes, Income Tax Rates, Tax Rates
Comparison Table, Business & Finance Worldwide
World Tax Rates 2024
Country |
Income Tax |
Social Security |
VAT |
Corporate |
Individual |
Employer |
Employee |
Albania |
0-15% |
0-23% |
16.7% |
11.2% |
20% |
Argentina |
30% |
9-35% |
27% |
17% |
21% |
Australia |
30% |
17-45% |
|
|
10%GST |
Austria |
23% |
25%-55% |
21.83% |
18.2% |
20% |
Barbados |
9% |
28.5% |
|
|
17.50% |
Belarus |
18% |
12% |
34% |
1% |
20% |
Belgium |
25% |
25-50% |
40.58% |
13.07% |
21% |
Brazil |
34% |
7.5-27.5% |
37.3% |
11% |
10-15% |
Bulgaria |
10% |
10% |
18,92%-19.62% |
13.78% |
20% |
BVI |
0 |
0 |
|
|
|
Canada |
15%(federal) |
15-33%(Federal) |
|
|
5%(gst) |
China |
25% |
3-45% |
29% |
11% |
3%-13% |
Croatia |
18% |
30% |
15.20% |
20% |
25% |
Cyprus |
12.5% |
0-35% |
12.5% |
8.8% |
19% |
Czech Rep. |
21% |
15%/23% |
34% |
11% |
21% |
Denmark |
22% |
0-56% |
0 |
DKK 900 |
25% |
Egypt |
22.5% |
10-25% |
|
|
14% |
Estonia |
20% |
20% |
33% |
1.6% |
22% |
Finland |
20% |
0-55% |
19.47% |
9.14% |
24% |
France |
25% |
11%-45% |
50% |
20% |
20% |
Georgia |
15% |
20% |
2 |
2 |
18% |
Germany |
30-33%(effective) |
14-45% |
19.7% |
20.6% |
19% |
Gibraltar |
10% |
0-41% |
Gip 32.97/week |
Gip 25.16/Week |
|
Greece |
22% |
9%-44% |
24.81% |
15.75% |
24% |
Hong kong |
8.25%/16.50% |
15% |
5% |
5% |
|
Hungary |
9% |
15% |
13% |
18.5% |
27% |
India |
25%-40% |
10-30% |
12% |
12% |
18% |
Indonesia |
25% |
0-35% |
3.7% |
2% |
10% |
Ireland |
12.50% |
20-40% |
11.05% |
4% |
23% |
Israel |
23% |
10-47% |
7.25% |
12% |
17% |
Italy |
24% |
23%-43% |
30% |
10% |
22% |
Japan |
23.2%/23.4% |
5-45% |
15.448% |
14.643% |
8%(consump) |
Latvia |
20% |
31% |
23.59% |
10.50% |
21% |
Libya |
20% |
13% |
11.25% |
3.75% |
|
Lithuania |
15% |
0-32% |
32.6% |
9% |
21% |
Luxemburg |
18% |
0-42% |
14.69% |
13.45% |
17% |
Malta |
35% |
15-35% |
10% |
10% |
18% |
Mexico |
30% |
0-35% |
25% |
5% |
16% |
Moldova |
12% |
12% |
26.5% |
9.5% |
20% |
Monaco |
33.33 |
0% |
|
|
19.60% |
Morocco |
31% |
0-38% |
|
|
20% |
Montenegro |
9% |
9%/15% |
8.3% |
24% |
21% |
Netherlands |
15%/25.8% |
37.07%/49.5% |
18% |
27.6% |
21% |
New Zealand |
28% |
0-39% |
|
|
15%gst |
Norway |
22% |
22% |
14.1% |
7.8% |
25% |
Pakistan |
29% |
0-35% |
|
|
17% |
Panama |
25% |
15-25% |
12% |
9% |
7% |
Philippines |
30% |
0-35% |
PHP 1,090 |
PHP 500 |
12% |
Poland |
9%/19% |
12%/32% |
22.14% |
13.7% |
23% |
Portugal |
21% |
14.5-48% |
23.75% |
11% |
23% |
Romania |
16% |
10% |
10.25% |
35% |
19% |
Russia |
20% |
13% |
30% |
0 |
20% |
Saudi Arabia |
20% |
20% |
|
|
5% |
Serbia |
15% |
10-20% |
19.9% |
19.9% |
20% |
Singapore |
17% |
0-22% |
17% |
20% |
9% (gst) |
Slovakia |
21% |
19%/25% |
34.8% |
13.4% |
20% |
Slovenia |
19% |
16%-45% |
16.1% |
22.1% |
22% |
South Africa |
28% |
0-45% |
|
|
15% |
Spain |
25% |
0-47% |
30.4% |
6.45% |
21% |
Sweden |
20.6% |
0-25% |
|
|
25% |
Switzerland |
8.5% |
0-11.5% (federal) |
25.08% |
20.73% |
2.6/3.8/8.1% |
Thailand |
20% |
5-35% |
5% |
5% |
7% |
Tunisia |
25% |
15-35% |
16.57 |
9.18 |
19% |
Turkey |
22% |
15-40% |
20.5% |
14% |
18% |
U.A.E. |
20%/55% |
0% |
12.5%/15% |
5% |
5% |
U.K. |
25% |
0-45% |
13.8% |
12% |
20% |
Ukraine |
18% |
18% |
22% |
3.6% |
20% |
U.S.A. |
21% |
10%-37% |
7.65% |
5.65% |
|
Vietnam |
20% |
5-35% |
21% |
9% |
10% |
Zambia |
35% |
0-37.5% |
|
|
16% |
|
(Last partial update July 20, 2024)
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.