Post on 04-Jun-2018
transcript
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Afghanistan[1]
20% 2% to 5% [2]
Taxationin
Afghanistan
Albania [1] 10% 20% [3]
Taxsystemin
Albania
Algeria [4] 19% 0%17% [5] or 14%or 7% [6]
Taxationin
Algeria
Andorra [cit
ation needed ] 10% [7] 0% 0% N/A 4.5% or 1% [8]
Taxation
in Andorra
Angola [1] 35% 1% 42.75% 10% [9] Taxationin
Angola
Argentina 35% 9% 35% 21% [10]
Taxationin
Argentina
Armenia [1] 20% 0% 20% 18%. 20% [11] Taxationin
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Armenia
Aruba [1] 28% [12] Taxationin Aruba
Australia [1
3]
30%(28.5%from2015 )[14]
0%
45%
1.5%
(Medicare
levy)
4.75%-6% (state )[15] 10% GST (0%on essentialitems )[16]
Taxationin
Australia
Austria [1] 25% 0% 50% 20% [17] Taxationin
Austria
Azerbaija
n[18]
20% 14% 25% 18% [19]
Taxationin
Azerbaijan
Bahamas [
20] 0% [21] 0% 0% 9.8% [22] 0%
Taxationin theBahamas
Bangladesh [1]
45%-0% 0% 25% 15% [23]
TaxationinBangladesh
Barbados [
24] 25% 25% 35%
17.5% [25] (hotelaccommodation 7.5%)
TaxationinBarbados
Bahrain 0% [26]
Belarus [4] 18% 12% 12% 35% 20% [27] or 10% Taxation
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
inBelarus
Belgium [1] 33.99% 0% 55% 37.84% [28]
21% [29] (6% foressential andselectedgoods)
TaxationinBelgium
Benin [citatio
n needed ] 35% 35% 18% [30]
Taxationin Benin
Bermuda 0% [31]
Bhutan 0% 25% [32] TaxationinBhutan
Bolivia
25% (IUE:on profits) – 3% (IT:incomeresulting
fromtransactions)
0% 13%
13% (RC-IVA:Complementary Regime tothe VAT – withholding tax -the employee can deduct itentirely using the bills fromproducts or servicesacquired)
13% [33] (VAT) – multiplerates (ICE:Consumption
of specificproducts)
Taxationin Bolivia
BosniaandHerzegovina
10% FBiH, 10% RS [34]
5% FBiH, 0 –
15% RS [34] 33.76% FBiH, 42 –
57% RS [34] 17% FBiH and RS [34][35]
TaxationinBosnia
Botswana 15% (plus10%surcharge)
25% 12% [36]
TaxationinBotswana
Brazil [1] 34% 0% 27.5% 31% 17% to 25% [37] Taxationin Brazil
Brunei 23.5% 0% 0% N/ A[38]
Taxationin Brunei
Bulgaria 10% 10% 20% [39] Taxationin
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Bulgaria
BurkinaFaso
30%-10% 2% 30% 18% [40]
TaxationinBurkinaFaso
Burundi [41
] 35% 35% N/A 18% [42]
TaxationinBurundi
Cambodia
10% [43]
TaxationinCambodia
Cameroon[4]
38.5% 10% 35% 19.25%
TaxationinCameroon
Canada [44
]
11%-15%(federal) +0%-16%(provincial)
0%(federal)+ 0%(provincial)
54.75%
(federal +provincial)15%-29%(federal) +5%-25.75%(provincial )[4
5][46]
4.95% (CPP ) + 1.78%(Employment Insurance EI)
5%
(federal GST ) withexemptions forsmall-businesse s [47] + 0%-10%(PST )[48]
TaxationinCanada
CapeVerde
15% [49] Taxationin CapeVerde
CaymanIslands
0% [50]
Central AfricanRepublic
19% [51]
TaxationinCentral
AfricanRepublic
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Chile [52] 20% 0% 40%
10% (AFP private retirementfund) + 2 to 3% (AFPadministrative costs) + 7%(healthcare insurance) +0.6% (unemploymentinsurance) = up to around20% of income before taxes(each item has an upper
payment limit)
19% [53] Taxationin Chile
China [1] 25% 5% 45%17% withmanyexceptions [54]
Taxsystemin China
Colombia [
4] 33% 0% 33% 16% [55]
TaxationinColombia
CostaRica
30% (10%or 20% forsmallbusinesses)
0% 25% 9% social security charge. 13% [56] Taxationin CostaRica
Croatia [4] 20% 12% 40%37.2% (nationwide )[57] 0 – 18% (local)
25% [58] (0% onbooks andsome foods)
TaxationinCroatia
Cuba [4] 30% 10% 50%2.5% to20% [59]
Taxationin Cuba
Cyprus[1]
10% 0% 35% 6.8%
18% [60] (5% or
0% for certaingoods)
Taxation
inCyprus
CzechRepubli c[1]
19% 15% 47.5%21% [61] or 15%(certaingoods)
Taxationin CzechRepublic
Denmark [6
2] 25%(2014:24%
0% [63] 51.7% [63] 8% 25%Taxationin
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
2015:23%2016:22%)
Denmar k
Dominican Republic
29% 0% 25%
10% (AFP private retirementfund) + 10% (healthcareinsurance) = up to around20% of income before taxes,14% pay by the employerand 6% pay by the
employee (each item has anupper payment limit)
16% [64]
TaxationinDominicanRepublic
Egypt [65] 20% 10% 20% N/A
10%(standard),25% (luxurygoods), 0%(exports )[66]
Taxationin Egypt
ElSalvador
30%/25% 0% 30% 13%Taxationin ElSalvador
Estonia [1]
0% onprofitretained incompany;flat 21%whenearnedprofit isdistributedto
shareholders
21% 21% 33% 20% or 9%TaxationinEstonia
Finland [1] 24.5% [67]
6.5%national
16%
municipal
30%national
21%
municipal
24%14% (food andfodder)10% (e.g.accommodatio
TaxationinFinland
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
n and culture)
France [1] 33.33% 0%45%/ 75%(in 2014)(income tax)
66%19.6% or 7%or 5.5% or2.1%
TaxationinFrance
Gabon 35% 5% 35% 2.6% 18%TaxationinGabon
Germany 29.8%(average )[1
2] 0% 45%
41%, 15% for one of themany public healthinsurances (fixed rate bylaw), as well as a solidaritytax (depending on income)and a 26% social securitytax (retirement +unemployment)
19% or 7%(e.g. food)
TaxationinGermany
Georgia [4] 15% 20% 18%TaxationinGeorgia
Gibraltar 10% 17% 40% N/A 0%TaxationinGibraltar
Greece 25%/22% 0% 45% 44% 23% [68] or 11%TaxationinGreece
Guatemala [4]
31% of NetIncome or5% of
Revenue
5% 7%17.5% (Social Security,Recreation and Technical
Training Institutes)
12%
TaxationinGuatem
ala
Guyana [69
] 40%/30% 33⅓% 16% or 0%
TaxationinGuyana
HongKong [70]
16.5% 0% 15%5% mandatory personaldefined contribution pension.40% of Hong Kong
0% Taxation
in Hong
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Government revenue is fromindirect taxation such asland revenue & investmentincome [71]
Kong
Hungary 19% and10% 16% 16% 34.5% (2013)
27%, 18%(milk, dairyproducts, flour,cereals,
bakeryproducts etc.),5%(medicines,books etc.)
Taxation
inHungary
Iceland [4] 20% 0% 46% 6% 25.5% or 7%
Taxation
in
Iceland
India 30% [72] 0% 33% 12.5% - 2% 14.5% - 5.5%Taxation
in India
Indonesia 25%starting FY2010
5% 30% 10%
TaxationinIndonesia
Iran 25% 0% 35% 35%-15%1.5-10%depending onitem
Taxationin Iran
Ireland 25%/12.5%/10%
0% 41% 11%-0%
23% Goods9%-13.5%Services0% certainitems of food
Taxation
in
Ireland
Israel 26.5% 11.5% 52%as employee (by others) youpay
18% on all theproducts and
Taxationin Israel
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
up to 5280 (Monthly) 10% to
63 360 (annual) 11%
From 5281 to 9010
(Monthly) 15%
From -9011 to 14,000
(Monthly) 22%
From -14 001 to 20 000
(monthly) 32.4%
From -20 001 to 41 830
(monthly) 36%
From -41 831 to 67,630
(monthly)50%
more than: 67,630 (monthly)
52%
that's NOT INCLUDE the
10% up to 23.5% (national
and health insurance
taxes)self employees has
higher rate ( in both) than
that by far.
services(except fromvegetablesand fruits) ,
between
216 % to
231% on a
private car(plus the
18%...)
280% on fuel
and soler on
the Gas
station (plus
the 18% on
the top of that)(about 2.30$
per litre)
Italy 31.4% 23% 43% 39% [73] page 1922% or 10% or4% (food,books)
Taxationin Italy
Jamaica 33.3% 0% 25% 25% 17.5%TaxationinJamaica
Japan [74] 38.01% 5% 50% (40% 25.63% 5% Taxation
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
national +10% local)
(consumption) in Japan
Jordan [4] 30%/24%/14%
0% 14% 16% (GST)TaxationinJordan
Kazakhstan[4]
17.5%,15%(2011-
)[12]
10% 11% 12%
TaxationinKazakhstan
Kenya 30%/37.5% [75]
10% 30%
16%/12%(electricity &fuel) VAT +12.5% Withholding tax
Taxationin Kenya
Kuwait
10%, 0%ondividend s [7
6]
SouthKorea [4]
22%,20%,10% [77]
6% +0.6%
38% + 3.8% 10%Taxationin SouthKorea
Latvia [78] 15% 24%35.09% (11% by theemployee)
21% [79] Taxationin Latvia
Lebanon [4
] 15/4-21% 2% 20% 10%
TaxationinLebanon
Liechtenstein[80][81]
12.5% 1.2% 17.82% 11.6%
7.6%-3.6%,(lodgingservicesadditional2.4%)
Taxationin
Liechten
stein
Lithuania [
citation needed ] 15% [82] 0% 15% 39.98% 21%
Taxationin
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Lithuania
Luxembourg
28% [83] 6%
40% [84] +12.45%socialsecuritycharges [85]
15%
TaxationinLuxemburg
Macau [1] 12%TaxationinMacau
Macedonia [1]
10% 10% 18% or 5%
TaxationinMacedonia
Malaysia [1
] 25% 0% 26%
2.25%, 21% to ProvidentFun dhttp://www.mohr.gov.my/pdf/sohchee.pdf
TaxationinMalaysia
Maldives [8
6] 15%-0% [87]
6% SinceJanuary 1,2012(Increasedfrom 3.5% seton October 2,2011 )[88]
TaxationinMaldives
Malta
6.25%-0%effectivetax rate
due toimputationsystem,followingcredits &refund s [89]
0% 35% 18%Taxationin Malta
Marshall 0% [12]
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Islands
Mauritius 15% 15% 15%
TaxationinMauritius
Mexico [1] 30%-28% [90]
29%-3% 35% 16%TaxationinMexico
Monaco
33.33% ifmore than25% of acompany'sturnover isgeneratedoutside ofMonaco.Otherwise,companiesdo not payany directtax on theirprofits.
Aftervariousallowabledeductions, thisresults inaneffectivecorporatetax rate ofunder6%.[91][92][93]
0% [94]
The employer's contributionto Social Security is between28%-40% (averaging 35%)of gross salary includingbenefits, and the employeepays a further 10%-14%(averaging 13%) .[92]
19.6%-5.5% [95]
TaxationinMonaco
Mongolia 10% 10% 10% 10% Taxation
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
inMongolia
Montenegro
9% [96] 9% (firstEUR720 )[97]
15% [98] 19% [99]
TaxationinMontenegro
Morocco 30%[citation
needed ] 0% 38%
[citation
needed ] 20%
[citation
needed ]
TaxationinMorocco
Nepal 5% [citation
needed ] 10% 25% [100] 13% [101]
Taxationin Nepal
Netherlands
25%/20% 0% 52% [102]
21% (6% foressential andselectedgoods)
Taxation
in the
Netherla
nds
NewZealand
28% 15% 33% [103] 15% GST
Taxation
in New
Zealand
NewCaledoni a [104]
30% 0%
25% on localincome ofnon-residents
40% [105]
N/A
Nigeria
Norway [10
6]
28%(2014:27% [
107]) 0%
47.8%(2014:46.8%[108])
14.1%-0%
25% or 15%(food anddrink in shops)or 8%(transportation
TaxationinNorway
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
, cinema, hotelrooms)
Oman 12% [109]
Pakistan 35% 7.5% 35%0% or 17%(basic fooditems)
TaxationinPakistan
Palestine 15%[citation
needed ] 5% 15% 15%-5% [citation needed ] 14.5% (VAT)
Taxation
inPalestine
Panama [4] 25% 0% 27% 7% or 0%TaxationinPanama
Paraguay 10% 8% 10% 10%
TaxationinParaguay
Peru [4] 30% 0% 30%
9% Essalud (SocialSecurity) 8.33% CTSCompensación por tiempode servicios (like aninsurance in case theemployee loses his job) 1complete additional salary inJuly and 1 completeadditional salary inDecember for Christmas.
0.75% SENATI (OnlyIndustry Jobs) 0.2%SENCICO (OnlyConstruction Workers)
18% (16%VAT + 2%MunicipalPromotionalTax) 0 – 118%ISC ImpuestoSelectivo alConsumo (Tosome products
like liquor,cigarettes,etc.)
Taxationin Peru
Philippines
30% 20% 32%
12% or 7% or0%
(in some
TaxationinPhilippin
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
cases, foreign
investors are
zero-rated)
es
Poland [1] 19% 0%
32% (oroptional19% flat ratefor self-employed)
41.11%23% or 8% or5%
TaxationinPoland
Portugal [1] 25% 0% 54% 23.75%
Normal: 23%Intermediate:13% Reduced:6%
Madeira,
Açores: 15%,
9%, 4%
TaxationinPortugal
PuertoRico
20% [12]
Qatar [1]
10%(differentrates forcompaniesoperatingin theoil/gassector).
Qataripartnersare notrequired topay anytax on theirshare ofprofits.
0% 0% 0%Taxation
in Qatar
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Romania 16% 16% 45.15%
24% or 9%(medicines,books,newspapers,hotel ...), or4% [4]
TaxationinRomania
Russia [1]
20% (13%for SME,
0% foreducationandhealthcareindustries),6% forsmallbusiness
13% (flat)
13% (forresidents),30% (fornonresidents)
30% (10% for SME, 14% forIT industry) before annualsalary exceeds 568000RUB, 10% thereafter
0-18%
(reduced ratesfor certaingoods, no VATfor SMEexcept forimportsactivities)
TaxationinRussia
Saudi Arabi a [110]
20%
(higher foroil/gas)
0%(foreigner
s)Zakat (natives)
0%(foreigners)Zakat (natives)
11% Social security 0%
Taxation
in Saudi Arabia
Senegal [4] 25% 0% 50% 20%TaxationinSenegal
Serbia [111] 15% [112] 10%
25%(additionalcontributionsfor state
health,pension andunemployment funds )[113]
35.8% [114]
20% [115] or 8%or 0%
(reduced rates
are for certain
goods)
Taxation
in Serbia
Singapor e
17%-19% [116]
3.5% 20% 7% (GST) Income
tax in
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Singapor
e
Slovakia 23% [117] 0% 25% [118] 30% tax includingmandatory social securitytax and health care tax
20% [citation
needed ] 10% onmedicationand books
TaxationinSlovakia
Slovenia [1
]
20%(2012:18%,2013:17%,2014:16%,2015+:15%)
16% 41% 0% (abolished) 22% or 9.5%TaxationinSlovenia
South Africa
28% [119] 0% 40% 14%Taxationin South
Africa
Spain[1]
30%-25% 0% 52%21% or 10% or4%
Taxationin Spain
SriLank a [1]
35%-0% 0% 35% 12% or 0%Taxationin SriLanka
Sweden 22% [120] 30% 57% [121][122] 31.42% [123] 25% or 12% or6% [124]
TaxationinSweden
Switzerlan
d[4]
25%-
13% [125] 0%
13.2%
(federal)
8.0% or 3.8%
or 2.5%
Taxationin
Switzerland
Syria [1] 35%/28/22%
5% 15%Taxationin Syria
Taiwan [1] 17% [126] 6% 40% 5%Taxationin theRepublic
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
of China
Tanzania 30% 15% 30%
TaxationinTanzania
Thailand 20% 5% 35% 5%-35% 7%TaxationinThailand
Trinidadand Tobago
25% 0% 25%
TaxationinTrinidad&Tobago
Tunisia [4] 30% 0% 35%18% or 12% or6%
TaxationinTunisia
Turkey[1]
20% 15% 35% 40%-35% 18%[127]
Taxation
inTurkey
Turks andCaicos Islands
0% [12]
Ukraine [4] 25% (16%from April
1, 2014)
15%
34.7%-33.2% Mandatorycontribution to the StatePension Fund. For privateentrepreneurs in simplifiedtaxation mode minimumcontribution calculation
based on minimum income(December 2011: 34.7% *1004 UAH = 348.39 UAH orabout $44 per month)
20% (17%from January
1, 2014)
Taxationin
Ukraine
United ArabEmirates [4]
0% [128] 0% [129] 0% [129] N/A Taxationin United
Arab
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Emirates
UnitedKingdom [130]
24%-20%
(decreaseto 21% in2014) ,[131]f urtherdecreasedto 20%from 1
April2015 [132]
0% 45% [133] 25.8%-0% (NationalInsurance )
20% StandardRate;5% ReducedRate for homeenergy andrenovations;0% Zero Rate
for lifenecessities -groceries,water,prescriptionmedications,medicalequipment andsupplies,publictransport,childrenclothing,books andperiodicals .[134]
Taxationin theUnitedKingdom
United
States
0%-39%(federal )[135
] +0%-12%
(state )[136]
+0%-3%(local)
0%(federal)+ 0%
(state) +0%-3%(local)
55.9% (maxoffederal+state+local)10%-39.6%(federal )[137] +0%-13.3%(state )[138] +0%-3%(local)
15.3%-2.9% (federal) +0%-2% (state) +0%-2% (local)
0%-11.725%(state andlocal)
Taxation
in the
U.S.
Uruguay [4
] 30% 0% 25% 22%
Taxationin
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Country/Region
taxrates
Individual(min)
Individual (max)
Payroll tax (usuallyreduces taxable
income)
VAT / GST / Sales
Primarytax
articl
es
Uruguay
Uzbekistan[4]
9% 5% 22% 0 – 20%
TaxationinUzbekistan
Venezuela [4]
34%/22%/15%
6% 34% 8 – 10%/12%
TaxationinVenezuela
Vietnam [1] 25% 5% 35% [139] 10%TaxationinVietnam
BritishVirgin Islands
0% [140] 0% 0% 14%-10% N/A
Taxationin theBritishVirginIslands
Yemen 20%[141]
Zambia 35%