Introduction
Taxation systems around the world are incredibly diverse, with different countries having different structures for taxation. The taxes paid by individuals and businesses vary greatly from country to country, ranging from extremely low levels of taxation to very high levels. For example, in some countries there is no personal income tax at all, while in others it can be as high as 50%. Even within a single country, taxes may vary significantly depending on the type of goods and services being purchased. Moreover, many countries have progressive taxation systems in place, where people with higher incomes pay a greater proportion of their earnings in taxes than those with lower incomes. Furthermore, corporations located in certain jurisdictions may be subject to corporate tax rates that are much lower than those applicable to other companies operating in different jurisdictions.
Tax Rates by Country
| # | Country | Tax Burden | Corporate Tax Rate | Income Tax Rate | Sales Taxes |
|---|---|---|---|---|---|
| 1 | Denmark | 46.34% | 22% | 56% | 25% |
| 2 | France | 45.4% | 28.41% | 45% | 20% |
| 3 | Belgium | 42.92% | 25% | 50% | 21% |
| 4 | Sweden | 42.91% | 20.6% | 57% | 25% |
| 5 | Italy | 42.45% | 27.81% | 43% | 22% |
| 6 | Austria | 42.44% | 25% | 55% | 20% |
| 7 | Finland | 42.19% | 20% | 31% | 24% |
| 8 | Cuba | 42% | 35% | 50% | 20% |
| 9 | Norway | 39.93% | 22% | 48% | 25% |
| 10 | Netherlands | 39.33% | 25% | 52% | 21% |
| 11 | Luxembourg | 39.22% | 24.94% | 42% | 17% |
| 12 | Germany | 38.81% | 29.9% | 48% | 19% |
| 13 | Greece | 38.71% | 24% | 44% | 24% |
| 14 | Montenegro | 38.1% | 9% | 9% | 21% |
| 15 | Slovenia | 37.65% | 19% | 50% | 22% |
| 16 | Federated States of Micronesia | 37.26% | 30% | 10% | |
| 17 | Algeria | 37.2% | 26% | 35% | 19% |
| 18 | Iceland | 36.08% | 20% | 32% | 24% |
| 19 | Hungary | 35.77% | 9% | 15% | 27% |
| 20 | Poland | 35.38% | 19% | 32% | 23% |
| 21 | Czech Republic | 34.93% | 19% | 23% | 21% |
| 22 | Portugal | 34.84% | 31.5% | 48% | 23% |
| 23 | Slovakia | 34.74% | 21% | 25% | 20% |
| 24 | Spain | 34.65% | 25% | 47% | 21% |
| 25 | Canada | 33.45% | 26.47% | 33% | 15% |
| 26 | Barbados | 33.1% | 5.5% | 29% | 18% |
| 27 | Brazil | 33.1% | 34% | 28% | 19% |
| 28 | Estonia | 33.07% | 20% | 20% | 20% |
| 29 | United Kingdom | 32.7% | 19% | 45% | 20% |
| 30 | Belize | 32.4% | 25% | 25% | 13% |
| 31 | Seychelles | 32.4% | 33% | 15% | 15% |
| 32 | New Zealand | 32.31% | 28% | 33% | 15% |
| 33 | Tunisia | 32.1% | 15% | 35% | 18% |
| 34 | Japan | 32.03% | 29.74% | 41% | 10% |
| 35 | Dominica | 31.5% | 25% | 35% | 15% |
| 36 | Latvia | 31.2% | 20% | 31% | 21% |
| 37 | Eritrea | 30.5% | 30% | 30% | |
| 38 | Israel | 30.47% | 23% | 50% | 17% |
| 39 | Lithuania | 30.34% | 15% | 20% | 21% |
| 40 | South Africa | 29.1% | 28% | 45% | 15% |
| 41 | Uruguay | 29% | 25% | 36% | 22% |
| 42 | Australia | 28.68% | 30% | 45% | 10% |
| 43 | Argentina | 28.6% | 35% | 35% | 21% |
| 44 | Jamaica | 28.6% | 25% | 30% | 20% |
| 45 | Switzerland | 28.53% | 19.7% | 40% | 8% |
| 46 | Morocco | 27.8% | 31% | 38% | 20% |
| 47 | South Korea | 27.4% | 27.5% | 50% | 10% |
| 48 | Mozambique | 27.1% | 32% | 32% | |
| 49 | Nicaragua | 25.9% | 30% | 30% | |
| 50 | Malta | 25.5% | 35% | 35% | 18% |
| 51 | Saint Vincent and the Grenadines | 25.4% | 30% | 30% | |
| 52 | Bolivia | 24.7% | 25% | 13% | 13% |
| 53 | United States of America | 24.47% | 25.75% | 37% | 12% |
| 54 | Cyprus | 24.2% | 12.5% | 35% | 19% |
| 55 | Serbia | 24.1% | 15% | 10% | 20% |
| 56 | Brunei | 23.96% | 18.5% | 0% | |
| 57 | Trinidad and Tobago | 23.7% | 30% | 25% | 13% |
| 58 | Costa Rica | 23.6% | 30% | 25% | 13% |
| 59 | Kosovo | 23.4% | 10% | ||
| 60 | Guyana | 23.2% | 25% | 33% | 14% |
| 61 | Turkey | 23.08% | 20% | 40% | 20% |
| 62 | Fiji | 22.7% | 20% | 20% | 9% |
| 63 | Ireland | 22.66% | 12.5% | 41% | 23% |
| 64 | Armenia | 22.51% | 18% | 22% | 20% |
| 65 | Georgia | 22.22% | 15% | 20% | 18% |
| 66 | Croatia | 22.2% | 18% | 30% | 25% |
| 67 | Nepal | 22.07% | 25% | 25% | 13% |
| 68 | Honduras | 21.9% | 25% | 25% | |
| 69 | Djibouti | 21.8% | 25% | 30% | |
| 70 | Solomon Islands | 21.16% | 30% | 40% | |
| 71 | Saint Lucia | 21.1% | 30% | 30% | |
| 72 | El Salvador | 20.8% | 30% | 30% | 13% |
| 73 | Chile | 20.66% | 15% | 40% | 19% |
| 74 | Mauritius | 20.4% | 15% | 15% | 15% |
| 75 | Bulgaria | 20.3% | 10% | 10% | 20% |
| 76 | Lesotho | 20.2% | 25% | 35% | |
| 77 | Bosnia and Herzegovina | 20.1% | 10% | 10% | 17% |
| 78 | Ecuador | 20.1% | 25% | 35% | 12% |
| 79 | Colombia | 19.68% | 31% | 39% | 19% |
| 80 | Uzbekistan | 19.56% | 7.5% | 22% | 15% |
| 81 | Namibia | 19.4% | 32% | 37% | 15% |
| 82 | Togo | 19.4% | 27% | 45% | |
| 83 | Ukraine | 19.2% | 18% | 20% | 20% |
| 84 | Mongolia | 18.71% | 25% | 10% | 10% |
| 85 | The Bahamas | 18.7% | 0% | 0% | 12% |
| 86 | Albania | 18.3% | 15% | 23% | 20% |
| 87 | Malawi | 18.3% | 30% | 30% | |
| 88 | Cambodia | 18.23% | 20% | 20% | 10% |
| 89 | Kyrgyzstan | 17.87% | 10% | 10% | 12% |
| 90 | Vanuatu | 17.84% | 0% | 0% | 0% |
| 91 | Maldives | 17.49% | 15% | 0% | 6% |
| 92 | Comoros | 17.4% | 50% | 30% | |
| 93 | Kenya | 17.4% | 30% | 30% | 16% |
| 94 | Moldova | 17.3% | 12% | 12% | 20% |
| 95 | Republic of Macedonia | 17.2% | 10% | 10% | |
| 96 | Eswatini | 17.2% | 27.5% | 33% | 15% |
| 97 | Rwanda | 17.1% | 30% | 30% | 18% |
| 98 | Vietnam | 16.9% | 20% | 35% | 10% |
| 99 | Burkina Faso | 16.8% | 28% | 28% | 18% |
| 100 | Egypt | 16.7% | 22.5% | 23% | 14% |
| 101 | Venezuela | 16.7% | 34% | 34% | 16% |
| 102 | Zambia | 16.7% | 35% | 38% | 16% |
| 103 | Peru | 16.6% | 29.5% | 30% | 16% |
| 104 | Senegal | 16.5% | 30% | 40% | 20% |
| 105 | Mexico | 16.47% | 30% | 35% | 16% |
| 106 | Mauritania | 16% | 25% | 40% | |
| 107 | Thailand | 15.8% | 20% | 35% | 7% |
| 108 | Guinea | 15.6% | 35% | 40% | |
| 109 | Turkmenistan | 15.56% | 8% | 10% | |
| 110 | Suriname | 15.5% | 36% | 38% | |
| 111 | Benin | 15.4% | 30% | 45% | 18% |
| 112 | Bhutan | 15.4% | 25% | 25% | |
| 113 | Lebanon | 15.3% | 17% | 25% | 11% |
| 114 | People's Republic of China | 15.19% | 25% | 45% | 13% |
| 115 | Kazakhstan | 15.07% | 20% | 10% | 13% |
| 116 | Jordan | 14.8% | 20% | 30% | 16% |
| 117 | Qatar | 14.7% | 10% | 0% | 0% |
| 118 | Cameroon | 14.6% | 33% | 35% | 19% |
| 119 | Romania | 14.6% | 16% | 10% | 19% |
| 120 | Sierra Leone | 14.4% | 30% | 15% | |
| 121 | Azerbaijan | 14.34% | 20% | 25% | 18% |
| 122 | Ghana | 14.1% | 25% | 30% | 3% |
| 123 | Mali | 14.1% | 30% | 40% | |
| 124 | Panama | 14.1% | 25% | 25% | 7% |
| 125 | Philippines | 14% | 30% | 35% | 12% |
| 126 | Paraguay | 13.9% | 10% | 10% | 10% |
| 127 | Dominican Republic | 13.5% | 27% | 25% | 18% |
| 128 | Belarus | 13.3% | 18% | 13% | 20% |
| 129 | Chad | 13.3% | 35% | 60% | |
| 130 | Singapore | 13.2% | 17% | 22% | 8% |
| 131 | Guatemala | 13.1% | 25% | 7% | 12% |
| 132 | Ivory Coast | 13.1% | 25% | 36% | |
| 133 | Burundi | 12.9% | 30% | 35% | 18% |
| 134 | Zimbabwe | 12.6% | 24.72% | 52% | 15% |
| 135 | São Tomé and Príncipe | 12.5% | 25% | 20% | |
| 136 | Botswana | 12.1% | 22% | 25% | 14% |
| 137 | Liberia | 12% | 25% | 25% | |
| 138 | Malaysia | 11.95% | 24% | 30% | 10% |
| 139 | Papua New Guinea | 11.82% | 30% | 42% | |
| 140 | Uganda | 11.8% | 30% | 40% | 18% |
| 141 | Tanzania | 11.7% | 30% | 30% | 18% |
| 142 | Gabon | 11.5% | 30% | 35% | 18% |
| 143 | Laos | 11.44% | 20% | 24% | |
| 144 | Madagascar | 11.4% | 20% | 20% | |
| 145 | Pakistan | 11.38% | 29% | 35% | 17% |
| 146 | Niger | 11.1% | 30% | 35% | 7% |
| 147 | Russia | 11% | 20% | 13% | 20% |
| 148 | The Gambia | 10.8% | 27% | 35% | |
| 149 | Guinea-Bissau | 9.5% | 25% | 20% | |
| 150 | Indonesia | 9.47% | 22% | 30% | 11% |
| 151 | Angola | 9.4% | 25% | 25% | 10% |
| 152 | Tajikistan | 9% | 23% | 13% | 18% |
| 153 | Central African Republic | 8.6% | 30% | 50% | 19% |
| 154 | Republic of the Congo | 8.5% | 28% | 30% | 19% |
| 155 | Iran | 8.4% | 25% | 35% | 9% |
| 156 | Sri Lanka | 8.12% | 24% | 18% | 12% |
| 157 | Sudan | 7.8% | 35% | 15% | |
| 158 | Bangladesh | 7.69% | 32.5% | 25% | 15% |
| 159 | Democratic Republic of the Congo | 7.5% | 30% | 40% | 20% |
| 160 | Afghanistan | 7.47% | 20% | 20% | 0% |
| 161 | Haiti | 7.4% | 30% | 30% | 10% |
| 162 | Saudi Arabia | 7.4% | 20% | 3% | 15% |
| 163 | India | 6.81% | 30% | 31% | 28% |
| 164 | Ethiopia | 6.7% | 30% | 35% | |
| 165 | East Timor | 6.32% | 10% | 10% | |
| 166 | Equatorial Guinea | 6.3% | 35% | 35% | 15% |
| 167 | Nigeria | 6.3% | 30% | 24% | 8% |
| 168 | Bahrain | 3.02% | 0% | 0% | 10% |
| 169 | Oman | 2.6% | 15% | 0% | 5% |
| 170 | Iraq | 1.4% | 15% | 15% | 300% |
| 171 | Kuwait | 1.4% | 15% | 0% | 0% |
| 172 | United Arab Emirates | 1% | 0% | 0% | 5% |
Highest Income Tax Countries
Europe is home to some of the highest taxes in the world. Sweden, Denmark, France and Belgium for example all have rates that exceed 40%. Some of these countries also levy relatively high value added taxes – up to 21% in certain cases. In addition, certain European countries such as Germany and France are known for their comparatively high corporate taxes. However, it is important to note that not all European nations have such high tax levels; in fact, some countries like Ireland and Cyprus have among the lowest tax rates in Europe at 22.6% and 24.2%, respectively.
In comparison, some Asian countries tend to have more moderate tax rates than those found in Europe. Low-tax jurisdictions can be found throughout Southeast Asia and the Middle East; Qatar has a flat rate of income tax at 0%, while Brunei levies no personal or corporate income taxes at all. By contrast, China imposes a top marginal rate of 45% on incomes over 800,000 yuan (approximately $120K USD), although this number may be reduced by various deductions depending on an individual’s circ*mstances.
Overall, there are considerable differences between the nations with the highest and lowest taxes around the world; this variance is largely due to each country’s individual economic policies with regards to public expenditure and taxation structures. Although it may appear that Europe generally has high levels of taxation when compared to other parts of the world, there are still many countries which offer significantly lower rates than their neighbors.
Countries With the Highest Tax Rates
The ten highest taxed countries in the world are Denmark, France, Belgium, Sweden, Italy, Austria, Finland, Cuba, Norway, and the Netherlands – all of them being European countries, with the exception of Cuba. Denmark has the highest tax burden rate of 46.34%, followed closely by France with 45.4%. Belgium follows in third place with a tax burden of 42.92%, while Sweden and Italy are in fourth and fifth position at a rate of 42.91% and 42.45% respectively. In sixth and seventh places are Austria and Finland, with a tax burden of 42.44% for the former and 42.19% for the latter. Cuba comes in eighth place with a tax burden at 42%, followed by Norway in ninth with a rate of 39.93%. Lastly, the Netherlands rounds out the top ten list of the highest taxed countries with a rate of 39.33%.
The ten countries with the highest tax rate are :
1. Denmark – 46.34%
2. France – 45.4%
3. Belgium – 42.92%
4. Sweden – 42.91%
5. Italy – 42.45%
6. Austria – 42.44%
7. Finland – 42.19%
8. Cuba – 42%
9. Norway – 39.93%
10. Netherlands – 39.33%
Highest Taxed Country in the World
Denmark has the highest tax rate in the world, with a tax burden of 46.34%. This is attributed to their expansive welfare system that provides generous benefits to families and individuals, as well as investments in infrastructure and services such as healthcare, education, and public transportation.
Danish people pay taxes on their income, consumption and property acquisition, with higher paid citizens paying more taxes due to a progressive taxation system. Furthermore, Denmark also imposes an inheritance tax of up to 15% on estates worth more than €155,000. In addition to this, Denmark’s corporate tax rate has been steadily increasing over the years, reaching 22% in 2020.
As a result of these high taxes, Danish citizens benefit from an extensive social safety net that includes free education from primary school through university level, generous maternity leave and parental leave policies, affordable healthcare options for all citizens and residents of Denmark regardless of income level or citizenship status, and generous pension schemes for retired individuals. The goal behind all these taxes is to create social equality among the population by providing shared access to resources which are seen as necessary for the collective good within society.
Countries With Lowest Taxes
The ten countries with the lowest taxes, ranked from lowest to highest tax burden, are the United Arab Emirates , Kuwait, Iraq, Oman, Bahrain, Nigeria, Equatorial Guinea, East Timor, Ethiopia, and India. The United Arab Emirates has the lowest tax burden at just 1%, making it a tax haven for individuals and businesses seeking to minimize their tax liability. Iraq and Kuwait are tied for second place with a tax burden of 1.4%, followed by Oman at 2.6%. Bahrain has a tax burden of 3.02%, making it the fifth lowest tax country in the world. Equatorial Guinea and Nigeria are tied for sixth place with a tax burden of 6.30%, followed closely by East Timor at 6.32%. Ethiopia and India round out the top 10 countries with the lowest taxes, with tax burdens of 6.70% and 6.81%, respectively.
The ten countries with the lowest taxes are :
1. United Arab Emirates – 1%
2. Kuwait – 1.40%
3. Iraq – 1.40%
4. Oman – 2.60%
5. Bahrain – 3.02%
6. Nigeria – 6.30%
7. Equatorial Guinea – 6.30%
8. East Timor – 6.32%
9. Ethiopia – 6.70%
10. India – 6.81%
Country With Lowest Taxes
The United Arab Emirates (UAE) is often cited as the country with the lowest taxes in the world. With a tax burden of just 1%, the UAE is a popular tax haven for individuals and businesses looking to minimize their tax liability. The UAE’s tax system is based on the principle of taxation neutrality, meaning that taxes are not used as a means of generating revenue for the government, but rather to encourage economic growth and development. As such, the government of the UAE has implemented a number of tax incentives and exemptions to encourage investment and entrepreneurship.
In addition, the UAE does not impose any taxes on personal income, capital gains, or inheritance, making it an attractive destination for wealthy individuals looking to relocate to a low-tax jurisdiction. However, it’s worth noting that while the UAE has very low taxes, it does have other fees and charges that may be levied on businesses and individuals, such as customs duties and government service fees.
Countries by Tax Rate
Afghanistan
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Tax Burden
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7.47%
Ranked in the World
#160
20%
Ranked in the World
#131
Income Tax Rate
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20%
Ranked in the World
#128
Sales Taxes
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0%
Ranked in the World
#148
Albania
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Tax Burden
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18.3%
Ranked in the World
#86
15%
Ranked in the World
#168
Income Tax Rate
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23%
Ranked in the World
#121
Sales Taxes
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20%
Ranked in the World
#25
Algeria
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Tax Burden
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37.2%
Ranked in the World
#17
26%
Ranked in the World
#77
Income Tax Rate
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35%
Ranked in the World
#49
Sales Taxes
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19%
Ranked in the World
#46
Angola
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Tax Burden
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9.4%
Ranked in the World
#151
25%
Ranked in the World
#79
Income Tax Rate
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25%
Ranked in the World
#104
Sales Taxes
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10%
Ranked in the World
#117
Argentina
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Tax Burden
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28.6%
Ranked in the World
#43
35%
Ranked in the World
#4
Income Tax Rate
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35%
Ranked in the World
#50
Sales Taxes
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21%
Ranked in the World
#17
Armenia
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Tax Burden
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22.51%
Ranked in the World
#64
18%
Ranked in the World
#158
Income Tax Rate
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22%
Ranked in the World
#124
Sales Taxes
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20%
Ranked in the World
#26
Australia
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Tax Burden
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28.68%
Ranked in the World
#42
30%
Ranked in the World
#25
Income Tax Rate
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45%
Ranked in the World
#17
Sales Taxes
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10%
Ranked in the World
#118
Australia has a relatively high tax burden compared to other countries around the world, ranking 42nd highest taxed country, with a tax burden of 28.68%. Australia has a progressive tax system with different tax brackets based on income. As of the 2021-2022 financial year, the tax rate is 0% for individuals earning up to AUD 18,200, 19% for those earning between AUD 18,201 and AUD 45,000, 32.5% for those earning between AUD 45,001 and AUD 120,000, 37% for those earning between AUD 120,001 and AUD 180,000, and 45% for those earning over AUD 180,000. In addition, the corporate tax rate in Australia is 30%. Although Australia's tax burden may seem high compared to some countries, its progressive tax system means that individuals are only taxed at higher rates on income earned above certain thresholds.
Austria
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Tax Burden
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42.44%
Ranked in the World
#6
25%
Ranked in the World
#82
Income Tax Rate
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55%
Ranked in the World
#4
Sales Taxes
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20%
Ranked in the World
#27
Austria ranks as one of the highest taxed countries in the world with a tax burden of 42.44%. The country's income tax rate is 55%, which is the second-highest in the world. The corporate tax rate is 25%, which is the same as Belgium and the Netherlands. Austria has progressive tax brackets, with taxpayers paying higher rates on higher income levels. The tax brackets range from 0% for incomes up to €11,000 to 55% for incomes over €1,000,000. In Austria, taxpayers are also subject to social security contributions and local taxes, which can vary by region. Despite high tax rates, Austria provides a high standard of living, a robust social welfare system, and excellent public services, including healthcare and education.
Azerbaijan
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Tax Burden
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14.34%
Ranked in the World
#121
20%
Ranked in the World
#133
Income Tax Rate
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25%
Ranked in the World
#105
Sales Taxes
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18%
Ranked in the World
#56
Bahrain
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Tax Burden
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3.02%
Ranked in the World
#168
0%
Ranked in the World
#199
Income Tax Rate
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0%
Ranked in the World
#169
Sales Taxes
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10%
Ranked in the World
#119
Bangladesh
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Tax Burden
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7.69%
Ranked in the World
#158
32.5%
Ranked in the World
#19
Income Tax Rate
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25%
Ranked in the World
#106
Sales Taxes
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15%
Ranked in the World
#81
Barbados
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Tax Burden
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33.1%
Ranked in the World
#26
5.5%
Ranked in the World
#197
Income Tax Rate
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29%
Ranked in the World
#101
Sales Taxes
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18%
Ranked in the World
#57
Belarus
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Tax Burden
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13.3%
Ranked in the World
#128
18%
Ranked in the World
#159
Income Tax Rate
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13%
Ranked in the World
#146
Sales Taxes
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20%
Ranked in the World
#28
Belgium
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Tax Burden
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42.92%
Ranked in the World
#3
25%
Ranked in the World
#83
Income Tax Rate
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50%
Ranked in the World
#7
Sales Taxes
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21%
Ranked in the World
#18
Belgium has a tax burden of 42.92%, making it the third highest taxed country in the world. The country's income tax rate is 50%, and its corporate tax rate is 25%. Belgium has a progressive tax system, which means that individuals with higher incomes pay a higher percentage of their income in taxes. The tax brackets in Belgium range from 25% for those earning up to €13,250 to 50% for those earning over €44,420. There is also a solidarity tax, which applies to those earning over €72,600 and increases progressively up to 6.8% for those earning over €250,000. While Belgium's tax rates are high, the country provides its citizens with social security benefits, such as healthcare and unemployment benefits, which are among the best in Europe.
Belize
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Tax Burden
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32.4%
Ranked in the World
#30
25%
Ranked in the World
#84
Income Tax Rate
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25%
Ranked in the World
#107
Sales Taxes
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13%
Ranked in the World
#99
Belize is ranked 30th in terms of tax burden, with a tax rate of 32.4%. This makes it one of the highest taxed countries in the world. The country has a flat income tax rate of 25%, and there are no tax brackets or progressive tax rates based on income. However, there are a number of tax incentives offered by the government to encourage investment and economic growth. The corporate tax rate in Belize is also 25%, which is the same as the income tax rate. While Belize is not the most highly taxed country in the world, its tax burden is still relatively high compared to other nations.
Benin
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Tax Burden
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15.4%
Ranked in the World
#111
30%
Ranked in the World
#26
Income Tax Rate
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45%
Ranked in the World
#18
Sales Taxes
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18%
Ranked in the World
#58
Bhutan
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Tax Burden
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15.4%
Ranked in the World
#112
25%
Ranked in the World
#85
Income Tax Rate
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25%
Ranked in the World
#108
Bolivia
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Tax Burden
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24.7%
Ranked in the World
#52
25%
Ranked in the World
#86
Income Tax Rate
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13%
Ranked in the World
#147
Sales Taxes
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13%
Ranked in the World
#100
Bosnia and Herzegovina
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Tax Burden
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20.1%
Ranked in the World
#77
10%
Ranked in the World
#186
Income Tax Rate
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10%
Ranked in the World
#151
Sales Taxes
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17%
Ranked in the World
#70
Botswana
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Tax Burden
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12.1%
Ranked in the World
#136
22%
Ranked in the World
#122
Income Tax Rate
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25%
Ranked in the World
#109
Sales Taxes
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14%
Ranked in the World
#96
Brazil
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Tax Burden
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33.1%
Ranked in the World
#27
34%
Ranked in the World
#14
Income Tax Rate
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28%
Ranked in the World
#102
Sales Taxes
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19%
Ranked in the World
#47
Brunei
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Tax Burden
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23.96%
Ranked in the World
#56
18.5%
Ranked in the World
#157
Income Tax Rate
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0%
Ranked in the World
#170
Bulgaria
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Tax Burden
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20.3%
Ranked in the World
#75
10%
Ranked in the World
#187
Income Tax Rate
help
10%
Ranked in the World
#152
Sales Taxes
help
20%
Ranked in the World
#29
Burkina Faso
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Tax Burden
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16.8%
Ranked in the World
#99
28%
Ranked in the World
#63
Income Tax Rate
help
28%
Ranked in the World
#103
Sales Taxes
help
18%
Ranked in the World
#59
Burundi
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Tax Burden
help
12.9%
Ranked in the World
#133
30%
Ranked in the World
#27
Income Tax Rate
help
35%
Ranked in the World
#51
Sales Taxes
help
18%
Ranked in the World
#60
Cambodia
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Tax Burden
help
18.23%
Ranked in the World
#88
20%
Ranked in the World
#134
Income Tax Rate
help
20%
Ranked in the World
#129
Sales Taxes
help
10%
Ranked in the World
#120
Cameroon
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Tax Burden
help
14.6%
Ranked in the World
#118
33%
Ranked in the World
#16
Income Tax Rate
help
35%
Ranked in the World
#52
Sales Taxes
help
19%
Ranked in the World
#48
Canada
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Tax Burden
help
33.45%
Ranked in the World
#25
26.47%
Ranked in the World
#76
Income Tax Rate
help
33%
Ranked in the World
#71
Sales Taxes
help
15%
Ranked in the World
#82
Canada has a tax burden of 33.45%, which ranks 25th in the world. Although not in the top 10 highest taxed countries, Canada's personal income tax rate of 33% is relatively high compared to other countries. Canada's corporate tax rate is also relatively high at 26.47%. In Canada, the personal income tax system has progressive tax brackets, with the highest tax rate of 33% applying to individuals earning over $216,511. The lowest tax rate is 15%, which applies to individuals earning up to $49,020. The tax brackets and rates in between are 20.5%, 26%, and 29%. Canada's tax system supports its social welfare programs such as healthcare, education, and public pensions, which are often provided by the government. Despite having relatively high tax rates, Canada has been recognized as having one of the highest qualities of life in the world.
Central African Republic
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Tax Burden
help
8.6%
Ranked in the World
#153
30%
Ranked in the World
#28
Income Tax Rate
help
50%
Ranked in the World
#8
Sales Taxes
help
19%
Ranked in the World
#49
Chad
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Tax Burden
help
13.3%
Ranked in the World
#129
35%
Ranked in the World
#5
Income Tax Rate
help
60%
Ranked in the World
#1
Chile
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Tax Burden
help
20.66%
Ranked in the World
#73
15%
Ranked in the World
#169
Income Tax Rate
help
40%
Ranked in the World
#30
Sales Taxes
help
19%
Ranked in the World
#50
Chile is ranked 73rd in the world for tax burden, with a rate of 20.66%. It has a corporate tax rate of 15% and an income tax rate of 40%. While Chile's tax burden is relatively low compared to other countries, its income tax rate is one of the highest in the world. Chile has a progressive tax system, meaning that higher earners are subject to a higher tax rate. The country has several tax brackets, with the highest bracket being for those earning over 105 million Chilean pesos per year. In addition to income tax, Chile also has value-added tax (VAT) of 19%, which is applied to most goods and services. Despite its high income tax rate, Chile has been able to attract foreign investment and has experienced strong economic growth in recent years.
Colombia
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Tax Burden
help
19.68%
Ranked in the World
#79
31%
Ranked in the World
#23
Income Tax Rate
help
39%
Ranked in the World
#41
Sales Taxes
help
19%
Ranked in the World
#51
Comoros
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Tax Burden
help
17.4%
Ranked in the World
#92
50%
Ranked in the World
#1
Income Tax Rate
help
30%
Ranked in the World
#81
Costa Rica
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Tax Burden
help
23.6%
Ranked in the World
#58
30%
Ranked in the World
#29
Income Tax Rate
help
25%
Ranked in the World
#110
Sales Taxes
help
13%
Ranked in the World
#101
Croatia
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Tax Burden
help
22.2%
Ranked in the World
#66
18%
Ranked in the World
#160
Income Tax Rate
help
30%
Ranked in the World
#82
Sales Taxes
help
25%
Ranked in the World
#4
Cuba
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Tax Burden
help
42%
Ranked in the World
#8
35%
Ranked in the World
#6
Income Tax Rate
help
50%
Ranked in the World
#9
Sales Taxes
help
20%
Ranked in the World
#30
Cuba has a tax burden of 42%, which ranks it in eighth place among the highest taxed countries in the world. The corporate tax rate in Cuba is 35%, while the income tax rate is 50%. The country has a progressive tax system with several tax brackets, and the highest tax bracket applies to individuals earning more than 250,000 Cuban pesos (about $10,000 USD) annually. Despite being one of the highest taxed countries in the world, Cuba has a relatively low level of economic development and a limited private sector. The government heavily relies on taxation to fund its social programs and public services, such as education, healthcare, and transportation.
Cyprus
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Tax Burden
help
24.2%
Ranked in the World
#54
12.5%
Ranked in the World
#180
Income Tax Rate
help
35%
Ranked in the World
#53
Sales Taxes
help
19%
Ranked in the World
#52
Czech Republic
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Tax Burden
help
34.93%
Ranked in the World
#21
19%
Ranked in the World
#153
Income Tax Rate
help
23%
Ranked in the World
#122
Sales Taxes
help
21%
Ranked in the World
#19
Democratic Republic of the Congo
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Tax Burden
help
7.5%
Ranked in the World
#159
30%
Ranked in the World
#30
Income Tax Rate
help
40%
Ranked in the World
#31
Sales Taxes
help
20%
Ranked in the World
#31
Denmark
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Tax Burden
help
46.34%
Ranked in the World
#1
22%
Ranked in the World
#124
Income Tax Rate
help
56%
Ranked in the World
#3
Sales Taxes
help
25%
Ranked in the World
#5
Denmark is one of the highest taxed countries in the world, ranking first with a tax burden of 46.34%. The country's income tax rate of 56% is the highest among the countries listed, while the corporate tax rate of 22% is relatively low. Denmark's tax system operates through progressive taxation, with the tax brackets ranging from 0% to 56%. Taxpayers are taxed 8% for income up to DKK 56,300, 23% for income from DKK 56,301 to 133,000, 33% for income from DKK 133,001 to 673,700, and 53% for income above DKK 673,700. The high tax rates are used to finance the country's generous welfare system, which provides free education, healthcare, and other social services to its citizens. Despite the high taxes, Denmark consistently ranks highly in various quality of life indices, such as the World Happiness Report, indicating that the country's citizens benefit greatly from the social services provided by the government.
Djibouti
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Tax Burden
help
21.8%
Ranked in the World
#69
25%
Ranked in the World
#87
Income Tax Rate
help
30%
Ranked in the World
#83
Dominica
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Tax Burden
help
31.5%
Ranked in the World
#35
25%
Ranked in the World
#88
Income Tax Rate
help
35%
Sales Taxes
help
15%
Ranked in the World
#84
Dominican Republic
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Tax Burden
help
13.5%
Ranked in the World
#127
27%
Ranked in the World
#72
Income Tax Rate
help
25%
Ranked in the World
#111
Sales Taxes
help
18%
Ranked in the World
#61
East Timor
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Tax Burden
help
6.32%
Ranked in the World
#165
10%
Ranked in the World
#188
Income Tax Rate
help
10%
Ranked in the World
#153
Ecuador
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Tax Burden
help
20.1%
Ranked in the World
#78
25%
Ranked in the World
#89
Income Tax Rate
help
35%
Ranked in the World
#55
Sales Taxes
help
12%
Ranked in the World
#107
Egypt
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Tax Burden
help
16.7%
Ranked in the World
#100
22.5%
Ranked in the World
#121
Income Tax Rate
help
23%
Ranked in the World
#123
Sales Taxes
help
14%
Ranked in the World
#97
El Salvador
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add_circle
Tax Burden
help
20.8%
Ranked in the World
#72
30%
Ranked in the World
#31
Income Tax Rate
help
30%
Ranked in the World
#84
Sales Taxes
help
13%
Ranked in the World
#102
Equatorial Guinea
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Tax Burden
help
6.3%
Ranked in the World
#166
35%
Ranked in the World
#7
Income Tax Rate
help
35%
Ranked in the World
#56
Sales Taxes
help
15%
Ranked in the World
#85
Eritrea
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Tax Burden
help
30.5%
Ranked in the World
#37
30%
Ranked in the World
#32
Income Tax Rate
help
30%
Ranked in the World
#85
Estonia
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Tax Burden
help
33.07%
Ranked in the World
#28
20%
Ranked in the World
#135
Income Tax Rate
help
20%
Ranked in the World
#130
Sales Taxes
help
20%
Ranked in the World
#32
Eswatini
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Tax Burden
help
17.2%
Ranked in the World
#95
27.5%
Ranked in the World
#70
Income Tax Rate
help
33%
Ranked in the World
#72
Sales Taxes
help
15%
Ranked in the World
#86
Ethiopia
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Tax Burden
help
6.7%
Ranked in the World
#164
30%
Ranked in the World
#33
Income Tax Rate
help
35%
Ranked in the World
#57
Federated States of Micronesia
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Tax Burden
help
37.26%
Ranked in the World
#16
30%
Ranked in the World
#34
Income Tax Rate
help
10%
Ranked in the World
#154
Fiji
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Tax Burden
help
22.7%
Ranked in the World
#62
20%
Ranked in the World
#136
Income Tax Rate
help
20%
Ranked in the World
#131
Sales Taxes
help
9%
Ranked in the World
#128
Finland
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Tax Burden
help
42.19%
Ranked in the World
#7
20%
Ranked in the World
#137
Income Tax Rate
help
31%
Ranked in the World
#78
Sales Taxes
help
24%
Ranked in the World
#8
Finland is ranked seventh on the list of the highest taxed countries in the world, with a tax burden of 42.19%. While its corporate tax rate is 20%, which is relatively low compared to other high-taxed countries, its income tax rate is 31%. Finland has a progressive tax system that consists of several tax brackets, ranging from 0% to 31%, depending on an individual's income level. The first bracket has a tax rate of 0%, and it applies to an annual income of up to €16,700. The next tax bracket has a rate of 6.25% and applies to annual incomes between €16,701 and €25,000. The third tax bracket has a rate of 17.5% and applies to annual incomes between €25,001 and €40,300. The fourth tax bracket has a rate of 21.5% and applies to annual incomes between €40,301 and €72,300. The fifth tax bracket has a rate of 31%, and it applies to annual incomes over €72,300. Despite being one of the highest taxed countries globally, Finland provides its citizens with comprehensive social services, including education, healthcare, and social welfare.
France
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Tax Burden
help
45.4%
Ranked in the World
#2
28.41%
Ranked in the World
#62
Income Tax Rate
help
45%
Ranked in the World
#19
Sales Taxes
help
20%
Ranked in the World
#33
France is ranked as the second-highest taxed country in the world with a tax burden of 45.4%. The country's corporate tax rate is 28.41%, and the income tax rate is 45%. France has multiple tax brackets, with the highest rate of 45% applying to individuals earning over €157,806 per year. Individuals earning less than €10,084 per year are exempt from income tax, while those earning between €10,084 and €25,710 per year pay a rate of 11%. Individuals earning between €25,710 and €73,516 per year pay a rate of 30%, and those earning between €73,516 and €157,806 per year pay a rate of 41%. Despite the high tax rates, France has a generous welfare system that includes universal health care, free education, and subsidized housing.
Gabon
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Tax Burden
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11.5%
Ranked in the World
#142
30%
Ranked in the World
#35
Income Tax Rate
help
35%
Ranked in the World
#58
Sales Taxes
help
18%
Ranked in the World
#62
Georgia
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Tax Burden
help
22.22%
Ranked in the World
#65
15%
Ranked in the World
#170
Income Tax Rate
help
20%
Ranked in the World
#132
Sales Taxes
help
18%
Ranked in the World
#63
Germany
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Tax Burden
help
38.81%
Ranked in the World
#12
29.9%
Ranked in the World
#58
Income Tax Rate
help
48%
Ranked in the World
#13
Sales Taxes
help
19%
Ranked in the World
#53
Ghana
See more
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Tax Burden
help
14.1%
Ranked in the World
#122
25%
Ranked in the World
#90
Income Tax Rate
help
30%
Ranked in the World
#86
Sales Taxes
help
3%
Ranked in the World
#145
Greece
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Tax Burden
help
38.71%
Ranked in the World
#13
24%
Ranked in the World
#115
Income Tax Rate
help
44%
Ranked in the World
#24
Sales Taxes
help
24%
Ranked in the World
#9
Guatemala
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Tax Burden
help
13.1%
Ranked in the World
#131
25%
Ranked in the World
#91
Income Tax Rate
help
7%
Ranked in the World
#166
Sales Taxes
help
12%
Ranked in the World
#108
Guinea
See more
add_circle
Tax Burden
help
15.6%
Ranked in the World
#108
35%
Ranked in the World
#8
Income Tax Rate
help
40%
Ranked in the World
#32
Guinea-Bissau
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Tax Burden
help
9.5%
Ranked in the World
#149
25%
Ranked in the World
#92
Income Tax Rate
help
20%
Ranked in the World
#133
Guyana
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Tax Burden
help
23.2%
Ranked in the World
#60
25%
Ranked in the World
#93
Income Tax Rate
help
33%
Ranked in the World
#73
Sales Taxes
help
14%
Ranked in the World
#98
Haiti
See more
add_circle
Tax Burden
help
7.4%
Ranked in the World
#161
30%
Ranked in the World
#36
Income Tax Rate
help
30%
Ranked in the World
#87
Sales Taxes
help
10%
Ranked in the World
#121
Honduras
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add_circle
Tax Burden
help
21.9%
Ranked in the World
#68
25%
Ranked in the World
#94
Income Tax Rate
help
25%
Ranked in the World
#112
Hungary
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Tax Burden
help
35.77%
Ranked in the World
#19
9%
Ranked in the World
#193
Income Tax Rate
help
15%
Ranked in the World
#139
Sales Taxes
help
27%
Ranked in the World
#3
Iceland
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Tax Burden
help
36.08%
Ranked in the World
#18
20%
Ranked in the World
#138
Income Tax Rate
help
32%
Ranked in the World
#75
Sales Taxes
help
24%
Ranked in the World
#10
India
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add_circle
Tax Burden
help
6.81%
Ranked in the World
#163
30%
Ranked in the World
#37
Income Tax Rate
help
31%
Ranked in the World
#79
Sales Taxes
help
28%
Ranked in the World
#2
Indonesia
See more
add_circle
Tax Burden
help
9.47%
Ranked in the World
#150
22%
Ranked in the World
#125
Income Tax Rate
help
30%
Ranked in the World
#88
Sales Taxes
help
11%
Ranked in the World
#115
Iran
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add_circle
Tax Burden
help
8.4%
Ranked in the World
#155
25%
Ranked in the World
#95
Income Tax Rate
help
35%
Ranked in the World
#59
Sales Taxes
help
9%
Ranked in the World
#129
Iraq
See more
add_circle
Tax Burden
help
1.4%
Ranked in the World
#170
15%
Ranked in the World
#171
Income Tax Rate
help
15%
Ranked in the World
#140
Sales Taxes
help
300%
Ranked in the World
#1
Ireland
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Tax Burden
help
22.66%
Ranked in the World
#63
12.5%
Ranked in the World
#181
Income Tax Rate
help
41%
Ranked in the World
#28
Sales Taxes
help
23%
Ranked in the World
#11
Israel
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Tax Burden
help
30.47%
Ranked in the World
#38
23%
Ranked in the World
#119
Income Tax Rate
help
50%
Ranked in the World
#10
Sales Taxes
help
17%
Ranked in the World
#71
Italy
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Tax Burden
help
42.45%
Ranked in the World
#5
27.81%
Ranked in the World
#69
Income Tax Rate
help
43%
Ranked in the World
#25
Sales Taxes
help
22%
Ranked in the World
#14
Italy is one of the highest taxed countries in the world, with a tax burden of 42.45%, which ranks it in fifth place globally. The country's corporate tax rate is 27.81%, and its income tax rate is 43%. Italy has a progressive tax system, which means that taxpayers with higher incomes pay a higher percentage of their income in taxes. There are five tax brackets in Italy, with the lowest bracket set at 23% for incomes up to €15,000 and the highest bracket set at 43% for incomes above €75,000. In addition to income tax, Italians also pay value-added tax (VAT), which ranges from 4% to 22%, depending on the type of goods or services. The high tax burden in Italy has been a topic of debate among policymakers and citizens alike, with some arguing that it hinders economic growth and others pointing out that it funds important public services.
Ivory Coast
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Tax Burden
help
13.1%
Ranked in the World
#132
25%
Ranked in the World
#96
Income Tax Rate
help
36%
Ranked in the World
#47
Jamaica
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Tax Burden
help
28.6%
Ranked in the World
#44
25%
Ranked in the World
#97
Income Tax Rate
help
30%
Ranked in the World
#89
Sales Taxes
help
20%
Ranked in the World
#35
Japan
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Tax Burden
help
32.03%
Ranked in the World
#34
29.74%
Ranked in the World
#59
Income Tax Rate
help
41%
Ranked in the World
#29
Sales Taxes
help
10%
Ranked in the World
#122
Jordan
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add_circle
Tax Burden
help
14.8%
Ranked in the World
#116
20%
Ranked in the World
#139
Income Tax Rate
help
30%
Ranked in the World
#90
Sales Taxes
help
16%
Ranked in the World
#74
Kazakhstan
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add_circle
Tax Burden
help
15.07%
Ranked in the World
#115
20%
Ranked in the World
#140
Income Tax Rate
help
10%
Ranked in the World
#155
Sales Taxes
help
13%
Ranked in the World
#103
Kenya
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Tax Burden
help
17.4%
Ranked in the World
#93
30%
Ranked in the World
#38
Income Tax Rate
help
30%
Ranked in the World
#91
Sales Taxes
help
16%
Ranked in the World
#75
Kosovo
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add_circle
Tax Burden
help
23.4%
Ranked in the World
#59
Income Tax Rate
help
10%
Ranked in the World
#156
Kuwait
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add_circle
Tax Burden
help
1.4%
Ranked in the World
#171
15%
Ranked in the World
#172
Income Tax Rate
help
0%
Ranked in the World
#171
Sales Taxes
help
0%
Ranked in the World
#154
Kyrgyzstan
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Tax Burden
help
17.87%
Ranked in the World
#89
10%
Ranked in the World
#189
Income Tax Rate
help
10%
Ranked in the World
#157
Sales Taxes
help
12%
Ranked in the World
#109
Laos
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add_circle
Tax Burden
help
11.44%
Ranked in the World
#143
20%
Ranked in the World
#141
Income Tax Rate
help
24%
Ranked in the World
#119
Latvia
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add_circle
Tax Burden
help
31.2%
Ranked in the World
#36
20%
Ranked in the World
#142
Income Tax Rate
help
31%
Ranked in the World
#80
Sales Taxes
help
21%
Ranked in the World
#20
Lebanon
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add_circle
Tax Burden
help
15.3%
Ranked in the World
#113
17%
Ranked in the World
#163
Income Tax Rate
help
25%
Ranked in the World
#113
Sales Taxes
help
11%
Ranked in the World
#116
Lesotho
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Tax Burden
help
20.2%
Ranked in the World
#76
25%
Ranked in the World
#98
Income Tax Rate
help
35%
Ranked in the World
#60
Liberia
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Tax Burden
help
12%
Ranked in the World
#137
25%
Ranked in the World
#99
Income Tax Rate
help
25%
Ranked in the World
#114
Lithuania
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add_circle
Tax Burden
help
30.34%
Ranked in the World
#39
15%
Ranked in the World
#173
Income Tax Rate
help
20%
Ranked in the World
#134
Sales Taxes
help
21%
Ranked in the World
#21
Luxembourg
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Tax Burden
help
39.22%
Ranked in the World
#11
24.94%
Ranked in the World
#113
Income Tax Rate
help
42%
Ranked in the World
#26
Sales Taxes
help
17%
Ranked in the World
#72
Madagascar
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add_circle
Tax Burden
help
11.4%
Ranked in the World
#144
20%
Ranked in the World
#144
Income Tax Rate
help
20%
Ranked in the World
#135
Malawi
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add_circle
Tax Burden
help
18.3%
Ranked in the World
#87
30%
Ranked in the World
#39
Income Tax Rate
help
30%
Ranked in the World
#92
Malaysia
See more
add_circle
Tax Burden
help
11.95%
Ranked in the World
#138
24%
Ranked in the World
#116
Income Tax Rate
help
30%
Ranked in the World
#93
Sales Taxes
help
10%
Ranked in the World
#123
Maldives
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Tax Burden
help
17.49%
Ranked in the World
#91
15%
Ranked in the World
#174
Income Tax Rate
help
0%
Ranked in the World
#172
Sales Taxes
help
6%
Ranked in the World
#137
Mali
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Tax Burden
help
14.1%
Ranked in the World
#123
30%
Ranked in the World
#40
Income Tax Rate
help
40%
Ranked in the World
#33
Malta
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Tax Burden
help
25.5%
Ranked in the World
#50
35%
Ranked in the World
#9
Income Tax Rate
help
35%
Ranked in the World
#61
Sales Taxes
help
18%
Ranked in the World
#64
Mauritania
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Tax Burden
help
16%
Ranked in the World
#106
25%
Ranked in the World
#100
Income Tax Rate
help
40%
Ranked in the World
#34
Mauritius
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Tax Burden
help
20.4%
Ranked in the World
#74
15%
Ranked in the World
#175
Income Tax Rate
help
15%
Ranked in the World
#141
Sales Taxes
help
15%
Ranked in the World
#87
Mexico
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Tax Burden
help
16.47%
Ranked in the World
#105
30%
Ranked in the World
#41
Income Tax Rate
help
35%
Ranked in the World
#62
Sales Taxes
help
16%
Ranked in the World
#76
Moldova
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Tax Burden
help
17.3%
Ranked in the World
#94
12%
Ranked in the World
#184
Income Tax Rate
help
12%
Ranked in the World
#150
Sales Taxes
help
20%
Ranked in the World
#36
Mongolia
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Tax Burden
help
18.71%
Ranked in the World
#84
25%
Ranked in the World
#101
Income Tax Rate
help
10%
Ranked in the World
#159
Sales Taxes
help
10%
Ranked in the World
#124
Montenegro
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Tax Burden
help
38.1%
Ranked in the World
#14
9%
Ranked in the World
#194
Income Tax Rate
help
9%
Ranked in the World
#165
Sales Taxes
help
21%
Ranked in the World
#22
Montenegro has a tax burden of 38.1%, ranking it 14th in the world in terms of highest taxed countries. Despite being a relatively small country, its tax rates are comparable to those of larger countries like Germany and Greece. However, Montenegro has one of the lowest corporate and income tax rates in the world, with both taxes set at 9%. Montenegro does not have a progressive tax system, so all taxpayers are taxed at the same rate. There are no specific tax brackets, as all taxable income is subject to the same 9% tax rate. While Montenegro's tax burden may seem high compared to some countries, its low corporate and income tax rates make it an attractive destination for entrepreneurs and investors looking to establish businesses or invest in the country.
Morocco
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Tax Burden
help
27.8%
Ranked in the World
#46
31%
Ranked in the World
#24
Income Tax Rate
help
38%
Ranked in the World
#42
Sales Taxes
help
20%
Ranked in the World
#38
Mozambique
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Tax Burden
help
27.1%
Ranked in the World
#48
32%
Ranked in the World
#20
Income Tax Rate
help
32%
Ranked in the World
#76
Namibia
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Tax Burden
help
19.4%
Ranked in the World
#81
32%
Ranked in the World
#21
Income Tax Rate
help
37%
Ranked in the World
#45
Sales Taxes
help
15%
Ranked in the World
#88
Nepal
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Tax Burden
help
22.07%
Ranked in the World
#67
25%
Ranked in the World
#104
Income Tax Rate
help
25%
Ranked in the World
#115
Sales Taxes
help
13%
Ranked in the World
#104
Netherlands
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Tax Burden
help
39.33%
Ranked in the World
#10
25%
Ranked in the World
#105
Income Tax Rate
help
52%
Ranked in the World
#5
Sales Taxes
help
21%
Ranked in the World
#23
The Netherlands is one of the highest taxed countries in the world, with a tax burden of 39.33%. Despite this, the country has a thriving economy and high standard of living. The corporate tax rate in the Netherlands is 25%, while the income tax rate ranges from 9.45% to 52%. The income tax system in the Netherlands is progressive, with multiple tax brackets. The first bracket applies to income up to €35,129 and has a tax rate of 9.45%, while the highest bracket applies to income over €68,507 and has a tax rate of 52%. Overall, the tax system in the Netherlands is complex, with various deductions and exemptions available. Nevertheless, the country continues to attract foreign investment and skilled workers due to its favorable business climate and high quality of life.
New Zealand
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Tax Burden
help
32.31%
Ranked in the World
#32
28%
Ranked in the World
#65
Income Tax Rate
help
33%
Ranked in the World
#74
Sales Taxes
help
15%
Ranked in the World
#89
Nicaragua
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Tax Burden
help
25.9%
Ranked in the World
#49
30%
Ranked in the World
#44
Income Tax Rate
help
30%
Ranked in the World
#94
Niger
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Tax Burden
help
11.1%
Ranked in the World
#146
30%
Ranked in the World
#45
Income Tax Rate
help
35%
Ranked in the World
#63
Sales Taxes
help
7%
Ranked in the World
#134
Nigeria
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Tax Burden
help
6.3%
Ranked in the World
#167
30%
Ranked in the World
#46
Income Tax Rate
help
24%
Ranked in the World
#120
Sales Taxes
help
8%
Ranked in the World
#131
Norway
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Tax Burden
help
39.93%
Ranked in the World
#9
22%
Ranked in the World
#126
Income Tax Rate
help
48%
Ranked in the World
#14
Sales Taxes
help
25%
Ranked in the World
#6
Norway is known for having high tax rates, with a tax burden of 39.93%. While the country's tax burden ranks ninth globally, it is not the highest among European countries. Norway's corporate tax rate is 22%, which is the same as Denmark, and lower than France, Belgium, and Portugal. However, Norway's income tax rate of 48% is higher than Denmark and Sweden but lower than Austria and Portugal. Norway has a progressive tax system with several tax brackets. The tax rate for those earning up to NOK 184,800 ($21,600) is 22%, while those earning over NOK 962,050 ($112,800) are taxed at a rate of 22% on the first NOK 180,800 ($21,200), 28% on the next NOK 242,100 ($28,400), and 48% on the remaining amount. Overall, Norway's high tax rates fund the country's robust welfare system, which provides free education, healthcare, and social security to its citizens.
Oman
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Tax Burden
help
2.6%
Ranked in the World
#169
15%
Ranked in the World
#176
Income Tax Rate
help
0%
Ranked in the World
#173
Sales Taxes
help
5%
Ranked in the World
#140
Pakistan
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Tax Burden
help
11.38%
Ranked in the World
#145
29%
Ranked in the World
#61
Income Tax Rate
help
35%
Ranked in the World
#64
Sales Taxes
help
17%
Ranked in the World
#73
Pakistan has one of the lowest taxes in the world. Pakistan has a progressive tax system with multiple tax brackets. Individuals with an annual income of up to PKR 1.2 million are exempt from income tax. Those earning between PKR 1.2 million and PKR 2.4 million are subject to a 5% tax rate, while those earning between PKR 2.4 million and PKR 4.8 million are taxed at a rate of 10%. Individuals earning between PKR 4.8 million and PKR 7.2 million are subject to a tax rate of 15%, while those earning between PKR 7.2 million and PKR 10.8 million are taxed at a rate of 17.5%. The highest tax rate of 20% is applicable to individuals earning more than PKR 10.8 million annually.
Panama
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Tax Burden
help
14.1%
Ranked in the World
#124
25%
Ranked in the World
#106
Income Tax Rate
help
25%
Ranked in the World
#116
Sales Taxes
help
7%
Ranked in the World
#135
Papua New Guinea
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Tax Burden
help
11.82%
Ranked in the World
#139
30%
Ranked in the World
#47
Income Tax Rate
help
42%
Ranked in the World
#27
Paraguay
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Tax Burden
help
13.9%
Ranked in the World
#126
10%
Ranked in the World
#190
Income Tax Rate
help
10%
Ranked in the World
#160
Sales Taxes
help
10%
Ranked in the World
#125
People's Republic of China
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Tax Burden
help
15.19%
Ranked in the World
#114
25%
Ranked in the World
#107
Income Tax Rate
help
45%
Ranked in the World
#20
Sales Taxes
help
13%
Ranked in the World
#105
Peru
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Tax Burden
help
16.6%
Ranked in the World
#103
29.5%
Ranked in the World
#60
Income Tax Rate
help
30%
Ranked in the World
#95
Sales Taxes
help
16%
Ranked in the World
#77
Philippines
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Tax Burden
help
14%
Ranked in the World
#125
30%
Ranked in the World
#48
Income Tax Rate
help
35%
Ranked in the World
#65
Sales Taxes
help
12%
Ranked in the World
#110
Poland
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Tax Burden
help
35.38%
Ranked in the World
#20
19%
Ranked in the World
#154
Income Tax Rate
help
32%
Ranked in the World
#77
Sales Taxes
help
23%
Ranked in the World
#12
Portugal
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Tax Burden
help
34.84%
Ranked in the World
#22
31.5%
Ranked in the World
#22
Income Tax Rate
help
48%
Ranked in the World
#15
Sales Taxes
help
23%
Ranked in the World
#13
Qatar
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Tax Burden
help
14.7%
Ranked in the World
#117
10%
Ranked in the World
#191
Income Tax Rate
help
0%
Ranked in the World
#174
Sales Taxes
help
0%
Ranked in the World
#156
Republic of Macedonia
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Tax Burden
help
17.2%
Ranked in the World
#96
10%
Ranked in the World
#192
Income Tax Rate
help
10%
Ranked in the World
#161
Republic of the Congo
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Tax Burden
help
8.5%
Ranked in the World
#154
28%
Ranked in the World
#66
Income Tax Rate
help
30%
Ranked in the World
#96
Sales Taxes
help
19%
Ranked in the World
#54
Romania
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add_circle
Tax Burden
help
14.6%
Ranked in the World
#119
16%
Ranked in the World
#167
Income Tax Rate
help
10%
Ranked in the World
#162
Sales Taxes
help
19%
Ranked in the World
#55
Russia
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add_circle
Tax Burden
help
11%
Ranked in the World
#147
20%
Ranked in the World
#145
Income Tax Rate
help
13%
Ranked in the World
#148
Sales Taxes
help
20%
Ranked in the World
#39
Rwanda
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Tax Burden
help
17.1%
Ranked in the World
#97
30%
Ranked in the World
#49
Income Tax Rate
help
30%
Ranked in the World
#97
Sales Taxes
help
18%
Ranked in the World
#65
Saint Lucia
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Tax Burden
help
21.1%
Ranked in the World
#71
30%
Ranked in the World
#50
Income Tax Rate
help
30%
Ranked in the World
#98
Saint Vincent and the Grenadines
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add_circle
Tax Burden
help
25.4%
Ranked in the World
#51
30%
Ranked in the World
#51
Income Tax Rate
help
30%
Ranked in the World
#99
São Tomé and Príncipe
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Tax Burden
help
12.5%
Ranked in the World
#135
25%
Ranked in the World
#109
Income Tax Rate
help
20%
Ranked in the World
#136
Saudi Arabia
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add_circle
Tax Burden
help
7.4%
Ranked in the World
#162
20%
Ranked in the World
#146
Income Tax Rate
help
3%
Ranked in the World
#168
Sales Taxes
help
15%
Ranked in the World
#91
Senegal
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add_circle
Tax Burden
help
16.5%
Ranked in the World
#104
30%
Ranked in the World
#52
Income Tax Rate
help
40%
Ranked in the World
#35
Sales Taxes
help
20%
Ranked in the World
#40
Serbia
See more
add_circle
Tax Burden
help
24.1%
Ranked in the World
#55
15%
Ranked in the World
#178
Income Tax Rate
help
10%
Ranked in the World
#163
Sales Taxes
help
20%
Ranked in the World
#41
Seychelles
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add_circle
Tax Burden
help
32.4%
Ranked in the World
#31
33%
Ranked in the World
#18
Income Tax Rate
help
15%
Ranked in the World
#142
Sales Taxes
help
15%
Ranked in the World
#92
Sierra Leone
See more
add_circle
Tax Burden
help
14.4%
Ranked in the World
#120
30%
Ranked in the World
#53
Income Tax Rate
help
15%
Ranked in the World
#143
Singapore
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Tax Burden
help
13.2%
Ranked in the World
#130
17%
Ranked in the World
#165
Income Tax Rate
help
22%
Ranked in the World
#125
Sales Taxes
help
8%
Ranked in the World
#132
Slovakia
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Tax Burden
help
34.74%
Ranked in the World
#23
21%
Ranked in the World
#129
Income Tax Rate
help
25%
Ranked in the World
#117
Sales Taxes
help
20%
Ranked in the World
#42
Slovenia
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Tax Burden
help
37.65%
Ranked in the World
#15
19%
Ranked in the World
#155
Income Tax Rate
help
50%
Ranked in the World
#11
Sales Taxes
help
22%
Ranked in the World
#15
Solomon Islands
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add_circle
Tax Burden
help
21.16%
Ranked in the World
#70
30%
Ranked in the World
#54
Income Tax Rate
help
40%
Ranked in the World
#36
South Africa
See more
add_circle
Tax Burden
help
29.1%
Ranked in the World
#40
28%
Ranked in the World
#67
Income Tax Rate
help
45%
Ranked in the World
#21
Sales Taxes
help
15%
Ranked in the World
#93
South Korea
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add_circle
Tax Burden
help
27.4%
Ranked in the World
#47
27.5%
Ranked in the World
#71
Income Tax Rate
help
50%
Ranked in the World
#12
Sales Taxes
help
10%
Ranked in the World
#126
Spain
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add_circle
Tax Burden
help
34.65%
Ranked in the World
#24
25%
Ranked in the World
#111
Income Tax Rate
help
47%
Ranked in the World
#16
Sales Taxes
help
21%
Ranked in the World
#24
Sri Lanka
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Tax Burden
help
8.12%
Ranked in the World
#156
24%
Ranked in the World
#117
Income Tax Rate
help
18%
Ranked in the World
#138
Sales Taxes
help
12%
Ranked in the World
#112
Sudan
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Tax Burden
help
7.8%
Ranked in the World
#157
35%
Ranked in the World
#12
Income Tax Rate
help
15%
Ranked in the World
#144
Suriname
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Tax Burden
help
15.5%
Ranked in the World
#110
36%
Ranked in the World
#3
Income Tax Rate
help
38%
Ranked in the World
#43
Sweden
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Tax Burden
help
42.91%
Ranked in the World
#4
20.6%
Ranked in the World
#130
Income Tax Rate
help
57%
Ranked in the World
#2
Sales Taxes
help
25%
Ranked in the World
#7
Sweden has a tax burden of 42.91%, making it the fourth highest taxed country in the world, following Denmark, France, and Belgium. Sweden's corporate tax rate is 20.60%, while its income tax rate is 57%, one of the highest in the world. The country has progressive tax brackets that are adjusted annually. For 2021, the tax rate for individuals earning up to SEK 509,300 is 32%, while those earning between SEK 509,301 and SEK 732,300 pay 52%. Those earning over SEK 732,300 are taxed at 57%. Despite high tax rates, Sweden has a well-developed social welfare system, offering free healthcare, education, and parental leave, among other benefits. Sweden's tax system aims to create a more equal society by redistributing wealth from high earners to low earners.
Switzerland
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Tax Burden
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28.53%
Ranked in the World
#45
19.7%
Ranked in the World
#152
Income Tax Rate
help
40%
Ranked in the World
#37
Sales Taxes
help
8%
Ranked in the World
#133
Tajikistan
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add_circle
Tax Burden
help
9%
Ranked in the World
#152
23%
Ranked in the World
#120
Income Tax Rate
help
13%
Ranked in the World
#149
Sales Taxes
help
18%
Ranked in the World
#66
Tanzania
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Tax Burden
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11.7%
Ranked in the World
#141
30%
Ranked in the World
#55
Income Tax Rate
help
30%
Ranked in the World
#100
Sales Taxes
help
18%
Ranked in the World
#67
Thailand
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Tax Burden
help
15.8%
Ranked in the World
#107
20%
Ranked in the World
#148
Income Tax Rate
help
35%
Ranked in the World
#66
Sales Taxes
help
7%
Ranked in the World
#136
The Bahamas
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Tax Burden
help
18.7%
Ranked in the World
#85
0%
Ranked in the World
#207
Income Tax Rate
help
0%
Ranked in the World
#175
Sales Taxes
help
12%
Ranked in the World
#113
The Gambia
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Tax Burden
help
10.8%
Ranked in the World
#148
27%
Ranked in the World
#73
Income Tax Rate
help
35%
Ranked in the World
#67
Togo
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add_circle
Tax Burden
help
19.4%
Ranked in the World
#82
27%
Ranked in the World
#74
Income Tax Rate
help
45%
Ranked in the World
#22
Trinidad and Tobago
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Tax Burden
help
23.7%
Ranked in the World
#57
30%
Ranked in the World
#56
Income Tax Rate
help
25%
Ranked in the World
#118
Sales Taxes
help
13%
Ranked in the World
#106
Tunisia
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Tax Burden
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32.1%
Ranked in the World
#33
15%
Ranked in the World
#179
Income Tax Rate
help
35%
Ranked in the World
#68
Sales Taxes
help
18%
Ranked in the World
#68
Turkey
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Tax Burden
help
23.08%
Ranked in the World
#61
20%
Ranked in the World
#149
Income Tax Rate
help
40%
Ranked in the World
#39
Sales Taxes
help
20%
Ranked in the World
#43
Turkmenistan
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add_circle
Tax Burden
help
15.56%
Ranked in the World
#109
8%
Ranked in the World
#195
Income Tax Rate
help
10%
Ranked in the World
#164
Uganda
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add_circle
Tax Burden
help
11.8%
Ranked in the World
#140
30%
Ranked in the World
#57
Income Tax Rate
help
40%
Ranked in the World
#40
Sales Taxes
help
18%
Ranked in the World
#69
Ukraine
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add_circle
Tax Burden
help
19.2%
Ranked in the World
#83
18%
Ranked in the World
#162
Income Tax Rate
help
20%
Ranked in the World
#137
Sales Taxes
help
20%
Ranked in the World
#44
United Arab Emirates
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Tax Burden
help
1%
Ranked in the World
#172
0%
Ranked in the World
#209
Income Tax Rate
help
0%
Ranked in the World
#176
Sales Taxes
help
5%
Ranked in the World
#142
United Kingdom
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add_circle
Tax Burden
help
32.7%
Ranked in the World
#29
19%
Ranked in the World
#156
Income Tax Rate
help
45%
Ranked in the World
#23
Sales Taxes
help
20%
Ranked in the World
#45
United States of America
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Tax Burden
help
24.47%
Ranked in the World
#53
25.75%
Ranked in the World
#78
Income Tax Rate
help
37%
Ranked in the World
#46
Sales Taxes
help
12%
Ranked in the World
#114
The United States of America ranks 53rd highest taxed country in the world, with a tax rate of 24.47%. Compared to other countries on the list, this is relatively low. The US corporate tax rate is 25.75%, placing it in the middle of the rankings at 78th place, while the income tax rate is 37%, ranking it at 46th place. The US tax system is progressive, with seven tax brackets based on income levels. Individuals with lower incomes pay lower tax rates, while those with higher incomes pay higher tax rates. The highest tax bracket is for individuals earning over $523,600 per year, who are taxed at a rate of 37%. Despite not being one of the highest taxed countries in the world, there is still ongoing debate over the US tax system, with some arguing for increased taxes on the wealthy and others advocating for lower taxes across the board.
Uruguay
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Tax Burden
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29%
Ranked in the World
#41
25%
Ranked in the World
#112
Income Tax Rate
help
36%
Ranked in the World
#48
Sales Taxes
help
22%
Ranked in the World
#16
Uzbekistan
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Tax Burden
help
19.56%
Ranked in the World
#80
7.5%
Ranked in the World
#196
Income Tax Rate
help
22%
Ranked in the World
#127
Sales Taxes
help
15%
Ranked in the World
#94
Vanuatu
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Tax Burden
help
17.84%
Ranked in the World
#90
0%
Ranked in the World
#210
Income Tax Rate
help
0%
Ranked in the World
#177
Sales Taxes
help
0%
Ranked in the World
#159
Venezuela
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Tax Burden
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16.7%
Ranked in the World
#101
34%
Ranked in the World
#15
Income Tax Rate
help
34%
Ranked in the World
#70
Sales Taxes
help
16%
Ranked in the World
#78
Vietnam
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Tax Burden
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16.9%
Ranked in the World
#98
20%
Ranked in the World
#150
Income Tax Rate
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35%
Ranked in the World
#69
Sales Taxes
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10%
Ranked in the World
#127
Zambia
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Tax Burden
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16.7%
Ranked in the World
#102
35%
Ranked in the World
#13
Income Tax Rate
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38%
Ranked in the World
#44
Sales Taxes
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16%
Ranked in the World
#79
Zimbabwe
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Tax Burden
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12.6%
Ranked in the World
#134
24.72%
Ranked in the World
#114
Income Tax Rate
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52%
Ranked in the World
#6
Sales Taxes
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15%
Ranked in the World
#95
FAQs
What country has the highest taxes ?
The most taxed country in the world is Denmark, with a tax burden of 46.34%.
What country has the lowest taxes ?
The country with the lowest tax burden is the United Arab Emirates, with a tax burden of only 1%.
Who pays the most taxes ?
The ten countries with the highest tax burden rates are Denmark, France, Belgium, Sweden, Italy, Austria, Finland, Cuba, Norway, and the Netherlands.
