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World Corporate and Income Tax Comparison Rates, VAT/GST around the world

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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

15-35%

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%

 

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