World Corporate and Income Tax Comparison Rates, VAT/GST around the world
The table below shows the tax comparison rates around the world.
List of Corporate and Income tax rates and VAT/GST around the world
Country |
Income tax |
VAT/GST |
|
Corporate |
Individual |
||
Algeria |
25% |
0-40% |
21% |
Argentina |
35% |
9-35% |
21% |
Australia |
30% |
0-45% |
10% Goods and Services Tax |
Austria |
25% |
21-50% |
20% GST |
Azerbaijan |
24% |
0-35% |
18% |
Bangladesh |
40% |
— |
15% |
Belarus |
24% |
9-30% |
18% |
Belgium |
33.99% |
25-50% |
21% |
Bosnia and Herzegovina |
30% |
5% |
17% |
Brazil |
34% |
15-27.5% |
17-25% |
Bulgaria |
10% |
10-24% |
20% |
Cameroon |
38.5% |
10-35% |
18.7% |
Canada |
36.10% |
15-29% (federal) |
6% Goods and Services Tax, plus Provincial Sales Tax (which varies from Province to Province. 8% in Ontario for example). |
Chile |
17% |
0-40% |
19% |
China |
25% |
5-45% |
17% |
Colombia |
35% |
0-35% |
16% |
Croatia |
20% |
15-45% |
22% |
Cuba |
30% |
10-50% |
— |
Cyprus |
10% |
20-30% |
15% |
Czech Republic |
24% |
12-32% |
19% / 5% on selected goods and services |
Denmark |
22% |
38-59% |
25% |
Egypt |
40% |
20-40% |
— |
Estonia |
22% |
22% |
18% |
Finland |
26% |
25-53% |
22% |
France |
33.33% |
5.5-40% |
2.1%/5.5%/19.60% |
Germany |
25% (federal) |
15-42% |
19% |
Greece |
22/29% |
0-40% |
19% |
Guatemala |
31% |
15-31% |
12% |
Guyana |
35-45% |
33.3% |
16% |
Hong Kong |
17.50% |
16-20% |
— |
Hungary |
16% |
18-36% |
20% |
Iceland |
18/26% |
0-45.58% |
24.5% |
India |
30-40% |
10-30% |
12.50% |
Indonesia |
30% |
5-35% |
10% |
Ireland |
12.50% |
20-41% |
21% |
Israel |
31% |
10-49% |
15.50% |
Italy |
37.25% |
23-45% |
20% |
Japan |
30% |
10-37% |
5% (consumption tax) |
Jordan |
15/25/35% |
5-30% |
13% GST |
Latvia |
15% |
25% |
18% |
Lebanon |
15/4-21% |
2-20% |
10% |
Lithuania |
15% |
10-35% |
18% |
Luxembourg |
29.63% |
6-38.95% |
15% |
Malaysia |
27% |
0-28% |
5 - 10% Service/Sales Tax |
Malta |
35% |
15-35% |
18% |
Mexico |
28% |
3-29% |
15% |
Monaco |
33.33% |
0% |
19.60% |
Montenegro |
9% |
15% (12% in 2009, 9% in 2010) |
17% (7% for certain goods and services) |
Morocco |
35% |
0-41.5% |
20% for goods / 14% for services |
Netherlands |
25.5% |
34,15-52% |
19% (6% for certain goods) |
New Zealand |
33% |
0-39% |
12.5% GST |
Norway |
28% |
28-51.3% |
25% |
Pakistan |
35% |
7.5-35% |
15% |
Panama |
30% |
0-30% |
5% |
Peru |
27% |
15-30% |
19% |
Philippines |
35% |
5-32% |
12% |
Poland |
19% |
19-40% |
22% |
Portugal |
27.50% |
10.5-42% |
21% |
Romania |
16% |
16% |
19% |
Russia |
24% |
13% |
18% |
Saudi Arabia |
20% |
20% |
— |
Senegal |
33% |
0-50% |
20% |
Serbia |
10% |
10/14% |
18% |
Singapore |
18% (20% through YA 2007) |
0-20% |
7% GST |
Slovakia |
19% |
19% |
19% |
Slovenia |
25% |
16-50% |
20% |
South Africa |
29% |
18-40% |
14% |
South Korea |
13/25% |
9-36% |
10% |
Spain |
35% |
15-45% |
16% |
Sweden |
28% |
30-55% |
25% |
Switzerland |
13-25% |
0-45.5% |
7.6% |
Syria |
10-45% |
5-15% |
— |
Taiwan |
25% |
6-40% |
5% |
Thailand |
30% |
5-37% |
7% |
Tunisia |
30% |
0-35% |
12-18% |
Turkey |
20% |
15-35% |
18% |
Ukraine |
30% |
0-40% |
20% |
United Arab Emirates |
0% |
0% |
0% |
United Kingdom |
30% |
0-40% |
0% / 5% / 17.50% |
United States |
0-35% |
0-9.75% in state & local sales tax (not VAT); typically around 8.5%, but up to 16.75% when including other taxes |
|
Uruguay |
30% |
— |
23% |
Uzbekistan |
18% |
13-30% |
20% |
Venezuela |
15/22/34% |
6-34% |
14% |
Vietnam |
28% |
0-40% |
10% |
Zambia |
35% |
10-30% |
17.50% |