Average Tax Rates of 70 Countries around the World
No matter where you live, odds are that you will be required to pay a tax of some
sort. However, the actual percentage rate you will be taxes can vary greatly from
country to country. Below is a list of 70 different countries and their average
business and
individual income tax rates.
|
Country
|
Businesses
|
Individuals
|
|
Algeria
|
30%+3%
|
0-40%
|
|
Argentina
|
35%
|
9-35%
|
|
Australia
|
30%
|
25%
|
|
Austria
|
25%
|
21-50%
|
|
Bangladesh
|
0-40%
|
0-25%
|
|
Belgium
|
33.99%
|
25-50%
|
|
Brazil
|
34%
|
15-27.5%
|
|
Bulgaria
|
10%
|
10%
|
|
Canada
|
36.1%
|
15-29%
|
|
Chile
|
17%
|
0-40%
|
|
China
|
25%
|
5-45%
|
|
Colombia
|
35%
|
0.29-38.5%
|
|
Croatia
|
20%
|
15-45%
|
|
Cuba
|
30%
|
10-50%
|
|
Czech Republic
|
21%
|
15%
|
|
Denmark
|
22%
|
38-59%
|
|
Egypt
|
40%
|
20-40%
|
|
Finland
|
26%
|
9-32%
|
|
France
|
33.33%
|
10-48%
|
|
Germany
|
29.8%
|
15-45%
|
|
Gibraltar
|
33%
|
17-40%
|
|
Greece
|
22-25%
|
0-40%
|
|
Guatemala
|
31%
|
15-31%
|
|
Hong Kong
|
17.5%
|
16-20%
|
|
Hungary
|
16%
|
18%-36%
|
|
Iceland
|
18-26%
|
0-45%
|
|
India
|
30-40%
|
10-30%
|
|
Indonesia
|
30%
|
5-35%
|
|
Ireland
|
12.5%
|
20-41%
|
|
Israel
|
12.5%
|
20-41%
|
|
Italy
|
33%
|
23-43%
|
|
Japan
|
30%
|
5-40%
|
|
South Korea
|
13-25%
|
9-36%
|
|
Latvia
|
15%
|
25%
|
|
Lebanon
|
4-21%
|
2-20%
|
|
Luxembourg
|
29.63%
|
6-38.95%
|
|
Malaysia
|
28%
|
0-28%
|
|
Malta
|
35%
|
0-35%
|
|
Mexico
|
29%
|
3-29%
|
|
Monaco
|
33.33%
|
0%
|
|
Morocco
|
35%
|
0-41.5%
|
|
Nepal
|
unknown
|
10%-25%
|
|
Netherlands
|
29.6%
|
0-52%
|
|
New Zealand
|
30%
|
0-39%
|
|
Norway
|
28%
|
28-51.3%
|
|
Pakistan
|
35%
|
7.5-35%
|
|
Panama
|
30%
|
0-27%
|
|
Peru
|
27%
|
15-27%
|
|
Philippines
|
35%
|
5-32%
|
|
Poland
|
19%
|
19-40%
|
|
Portugal
|
27.5%
|
10.5-40%
|
|
Romania
|
16%
|
16%
|
|
Russia
|
24%
|
13%
|
|
Saudi Arabia
|
20%-85%
|
2.5-20%
|
|
Serbia
|
10%
|
10-14%
|
|
Singapore
|
18%
|
3.75-21%
|
|
South Africa
|
28%
|
18-40%
|
|
Spain
|
32.5%
|
15-45%
|
|
Sweden
|
28%
|
0-56%
|
|
Switzerland
|
13-25%
|
0-13.2%
|
|
Syria
|
10-45%
|
5-15%
|
|
Taiwan
|
25%
|
6-40%
|
|
Thailand
|
30%
|
5-37%
|
|
Turkey
|
20%
|
15-35%
|
|
Ukraine
|
15%
|
15%
|
|
United Kingdom
|
30%
|
0-40%
|
|
United States
|
15-39%
|
0-35%
|
|
Uruguay
|
30%
|
0-24%
|
|
Venezuela
|
15-34%
|
6-34%
|
|
Vietnam
|
28%
|
0-40%
|