<Li> Sales tax, including VAT and GST . </Li> <P> Some other taxes (for instance property tax, substantial in many countries, such as the United States) and payroll tax are not shown here . The table is not exhaustive in representing the true tax burden to either the corporation or the individual in the listed country . The tax rates displayed are marginal and do not account for deductions, exemptions or rebates . The effective rate is usually much lower than the marginal rate, but sometimes much higher . The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province . Territories that have different rates to their respective nation are in italics . </P> <Table> <Tr> <Th> Country </Th> <Th> Corporate tax </Th> <Th> Individual (min) </Th> <Th> Individual (max) </Th> <Th> VAT or GST or Sales tax (also see VAT rates) </Th> <Th> Further reading </Th> </Tr> <Tr> <Td> Afghanistan </Td> <Td> 20% </Td> <Td> 0% </Td> <Td> 20% </Td> <Td> 0% </Td> <Td> Taxation in Afghanistan </Td> </Tr> <Tr> <Td> Albania </Td> <Td> 15% </Td> <Td> 0% </Td> <Td> 23% </Td> <Td> 7000600000000000000 ♠ 6% (tourism services) 7001200000000000000 ♠ 20% (others) </Td> <Td> Taxation in Albania </Td> </Tr> <Tr> <Td> Algeria </Td> <Td> 19%--26% </Td> <Td> 0% </Td> <Td> 35% </Td> <Td> 7000700000000000000 ♠ 7% (basic items) 7001170000000000000 ♠ 17% (others) </Td> <Td> Taxation in Algeria </Td> </Tr> <Tr> <Td> American Samoa </Td> <Td> 15% - 44% </Td> <Td> 4% </Td> <Td> 6% </Td> <Td> 0% </Td> <Td> Taxation in American Samoa </Td> </Tr> <Tr> <Td> Andorra </Td> <Td> 10% </Td> <Td> 10% </Td> <Td> 10% </Td> <Td> 5000000000000000000 ♠ 0%, 7000100000000000000 ♠ 1% or 7000250000000000000 ♠ 2.5% (reduced rates) 7000450000000000000 ♠ 4.5% (standard rate) 7000950000000000000 ♠ 9.5% (banking services) </Td> <Td> Taxation in Andorra </Td> </Tr> <Tr> <Td> Angola </Td> <Td> 30% </Td> <Td> 0% </Td> <Td> 17% </Td> <Td> 7001100000000000000 ♠ 10% </Td> <Td> Taxation in Angola </Td> </Tr> <Tr> <Td> Anguilla </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> Taxation in Anguilla </Td> </Tr> <Tr> <Td> Argentina </Td> <Td> 35% </Td> <Td> 9% </Td> <Td> 35% </Td> <Td> 7001210000000000000 ♠ 21% </Td> <Td> Taxation in Argentina </Td> </Tr> <Tr> <Td> Armenia </Td> <Td> 20% </Td> <Td> 24.4% </Td> <Td> 36% </Td> <Td> 7001200000000000000 ♠ 20% </Td> <Td> Taxation in Armenia </Td> </Tr> <Tr> <Td> Aruba </Td> <Td> 25% </Td> <Td> 7% </Td> <Td> 58.95% </Td> <Td> 1.5% (turnover tax) </Td> <Td> Taxation in Aruba </Td> </Tr> <Tr> <Td> Australia </Td> <Td> 28.5%--30% </Td> <Td> 0% </Td> <Td> 49% </Td> <Td> 5000000000000000000 ♠ 0% (essential items) 7001100000000000000 ♠ 10% (others) </Td> <Td> Taxation in Australia </Td> </Tr> <Tr> <Td> Austria </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 55% </Td> <Td> 7001100000000000000 ♠ 10% (basic items) 7001130000000000000 ♠ 13% (tourism services) 7001200000000000000 ♠ 20% (others) </Td> <Td> Taxation in Austria </Td> </Tr> <Tr> <Td> Azerbaijan </Td> <Td> 20% </Td> <Td> 14% </Td> <Td> 25% </Td> <Td> 7001180000000000000 ♠ 18% </Td> <Td> Taxation in Azerbaijan </Td> </Tr> <Tr> <Td> Bahamas </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% (8.8% social security tax) </Td> <Td> 0% - 7.5% </Td> <Td> Taxation in Bahamas </Td> </Tr> <Tr> <Td> Bangladesh </Td> <Td> 35% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 7001150000000000000 ♠ 15% </Td> <Td> Taxation in Bangladesh </Td> </Tr> <Tr> <Td> Barbados </Td> <Td> 25% </Td> <Td> 25% </Td> <Td> 38% </Td> <Td> 7001175000000000000 ♠ 17.5% (hotel accommodation 7.5%) </Td> <Td> Taxation in Barbados </Td> </Tr> <Tr> <Td> Bahrain </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 5% </Td> <Td> Taxation in Bahrain </Td> </Tr> <Tr> <Td> Belarus </Td> <Td> 18% </Td> <Td> 13% </Td> <Td> 17% </Td> <Td> 7001200000000000000 ♠ 20% or 10% </Td> <Td> Taxation in Belarus </Td> </Tr> <Tr> <Td> Belgium </Td> <Td> 33.99% </Td> <Td> 0% </Td> <Td> 64% (max of federal + local) 55% (federal) + 0% - 9% (local) </Td> <Td> 7001210000000000000 ♠ 21% - 12% (restaurants) - 6% (essential and selected goods) </Td> <Td> Taxation in Belgium </Td> </Tr> <Tr> <Td> Belize </Td> <Td> N / A </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 7001125000000000000 ♠ 12.5% </Td> <Td> Taxation in Belize </Td> </Tr> <Tr> <Td> Benin </Td> <Td> 35% </Td> <Td> 10% </Td> <Td> 35% </Td> <Td> 7001180000000000000 ♠ 18% </Td> <Td> Taxation in Benin </Td> </Tr> <Tr> <Td> Bermuda </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Bermuda </Td> </Tr> <Tr> <Td> Bhutan </Td> <Td> 30% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> N / A </Td> <Td> Taxation in Bhutan </Td> </Tr> <Tr> <Td> Bolivia </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 7001130000000000000 ♠ 13% (VAT)--multiple rates (ICE: Consumption of specific products) </Td> <Td> Taxation in Bolivia </Td> </Tr> <Tr> <Td> Bosnia and Herzegovina </Td> <Td> 10% </Td> <Td> N / A </Td> <Td> 5% FBiH, 0--15% RS </Td> <Td> 7001170000000000000 ♠ 17% FBiH and RS </Td> <Td> Taxation in Bosnia and Herzegovina </Td> </Tr> <Tr> <Td> Botswana </Td> <Td> 22% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 7001120000000000000 ♠ 12% </Td> <Td> Taxation in Botswana </Td> </Tr> <Tr> <Td> Brazil </Td> <Td> 34% </Td> <Td> 0% </Td> <Td> 27.5% </Td> <Td> 7001170000000000000 ♠ 17% to 25% </Td> <Td> Taxation in Brazil </Td> </Tr> <Tr> <Td> Brunei </Td> <Td> 20% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> N / A </Td> <Td> Taxation in Brunei </Td> </Tr> <Tr> <Td> Bulgaria </Td> <Td> 10% </Td> <Td> 10% </Td> <Td> 10% </Td> <Td> 7001200000000000000 ♠ 20% </Td> <Td> Taxation in Bulgaria </Td> </Tr> <Tr> <Td> Burkina Faso </Td> <Td> 27.5% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 7001180000000000000 ♠ 18% </Td> <Td> Taxation in Burkina Faso </Td> </Tr> <Tr> <Td> Burundi </Td> <Td> 35% </Td> <Td> 0% </Td> <Td> 35% </Td> <Td> 7001180000000000000 ♠ 18% </Td> <Td> Taxation in Burundi </Td> </Tr> <Tr> <Td> Cambodia </Td> <Td> 20% </Td> <Td> 0% </Td> <Td> 20% </Td> <Td> 7001100000000000000 ♠ 10% </Td> <Td> Taxation in Cambodia </Td> </Tr> <Tr> <Td> Cameroon </Td> <Td> 31.5% </Td> <Td> 10% </Td> <Td> 35% </Td> <Td> 7001192500000000000 ♠ 19.25% </Td> <Td> Taxation in Cameroon </Td> </Tr> <Tr> <Td> Canada </Td> <Td> 31% (15% fed + 11 - 16% provincial) </Td> <Td> 19% (15% fed + (4% - 11% provincial)) (0% on the first $11,474 of income) </Td> <Td> 54% (33% fed + (11.5% - 21% provincial)) </Td> <Td> 7000500000000000000 ♠ 5% (federal GST) + 0% - 15% (provincial taxes) </Td> <Td> Taxation in Canada </Td> </Tr> <Tr> <Td> Cape Verde </Td> <Td> 25% </Td> <Td> 16.5 </Td> <Td> 27.5 </Td> <Td> 7001150000000000000 ♠ 15% </Td> <Td> Taxation in Cape Verde </Td> </Tr> <Tr> <Td> Cayman Islands </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> Taxation in the Cayman Islands </Td> </Tr> <Tr> <Td> Central African Republic </Td> <Td> 30% </Td> <Td> N / A </Td> <Td> 50% </Td> <Td> 7001190000000000000 ♠ 19% </Td> <Td> Taxation in the Central African Republic </Td> </Tr> <Tr> <Td> Chad </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Chad </Td> </Tr> <Tr> <Td> Chile </Td> <Td> 24% (on distributed profits, deductible from personal income taxes) </Td> <Td> 0% </Td> <Td> 40% </Td> <Td> 7001190000000000000 ♠ 19% </Td> <Td> Taxation in Chile </Td> </Tr> <Tr> <Td> China </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 45% </Td> <Td> 7001170000000000000 ♠ 17% with many exceptions </Td> <Td> Taxation in China </Td> </Tr> <Tr> <Td> Colombia </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 33% </Td> <Td> 7001190000000000000 ♠ 19% </Td> <Td> Taxation in Colombia </Td> </Tr> <Tr> <Td> Comoros </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Comoros </Td> </Tr> <Tr> <Td> Cook Islands </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Cook Islands </Td> </Tr> <Tr> <Td> Democratic Republic of the Congo </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in the Democratic Republic of the Congo </Td> </Tr> <Tr> <Td> Congo </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in the Republic of the Congo </Td> </Tr> <Tr> <Td> Costa Rica </Td> <Td> 30% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 7001130000000000000 ♠ 13% </Td> <Td> Taxation in Costa Rica </Td> </Tr> <Tr> <Td> Croatia </Td> <Td> 12% for less than 3 mil kn, 18% for more </Td> <Td> 12% </Td> <Td> 40% </Td> <Td> 7001250000000000000 ♠ 25% (0% on books and some foods) </Td> <Td> Taxation in Croatia </Td> </Tr> <Tr> <Td> Cuba </Td> <Td> 30% </Td> <Td> 15% </Td> <Td> 50% </Td> <Td> 7000250000000000000 ♠ 2.5% to 20% </Td> <Td> Taxation in Cuba </Td> </Tr> <Tr> <Td> Curaçao </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Curaçao </Td> </Tr> <Tr> <Td> Cyprus </Td> <Td> 12.5% </Td> <Td> 0% </Td> <Td> 35% </Td> <Td> 7001190000000000000 ♠ 19% (5% or 0% for certain goods) </Td> <Td> Taxation in Cyprus </Td> </Tr> <Tr> <Td> Czech Republic </Td> <Td> 19% </Td> <Td> 15% (minus 24,840 CZK per year) </Td> <Td> 22% </Td> <Td> 7001210000000000000 ♠ 21% (15% or 10% for certain goods) </Td> <Td> Taxation in the Czech Republic </Td> </Tr> <Tr> <Td> Denmark </Td> <Td> 22% </Td> <Td> 29.68% (2015) (first USD $7,760 pro anno is deductible) </Td> <Td> 66.95% (51.95% + 15% (2015)) </Td> <Td> 7001250000000000000 ♠ 25% </Td> <Td> Taxation in Denmark </Td> </Tr> <Tr> <Td> Djibouti </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Djibouti </Td> </Tr> <Tr> <Td> Dominica </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Dominica </Td> </Tr> <Tr> <Td> Dominican Republic </Td> <Td> 27% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 18% </Td> <Td> Taxation in Dominican Republic </Td> </Tr> <Tr> <Td> Timor - Leste </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in East Timor </Td> </Tr> <Tr> <Td> Ecuador </Td> <Td> 24% </Td> <Td> 0% </Td> <Td> 35% </Td> <Td> 7001120000000000000 ♠ 12% (standard), 15% (luxury goods), 0% (exports) </Td> <Td> Taxation in Ecuador </Td> </Tr> <Tr> <Td> Egypt </Td> <Td> 22.5% </Td> <Td> 0% (Up to 7.2 K EGP per year) </Td> <Td> 22.5% (more than 200K EGP per year) </Td> <Td> 7001140000000000000 ♠ 14% (standard), 10% (professional services), 0% (exports) </Td> <Td> Taxation in Egypt </Td> </Tr> <Tr> <Td> El Salvador </Td> <Td> 30% </Td> <Td> 0% </Td> <Td> 30% </Td> <Td> 7001130000000000000 ♠ 13% </Td> <Td> Taxation in El Salvador </Td> </Tr> <Tr> <Td> Equatorial Guinea </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Equatorial Guinea </Td> </Tr> <Tr> <Td> Eritrea </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Eritrea </Td> </Tr> <Tr> <Td> Estonia </Td> <Td> 0% (20% on distribution of profit) </Td> <Td> 20% (0% on dividents to residents) </Td> <Td> 20% </Td> <Td> 7001200000000000000 ♠ 20% or 9% </Td> <Td> Taxation in Estonia </Td> </Tr> <Tr> <Td> Ethiopia </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Ethiopia </Td> </Tr> <Tr> <Td> Falkland Islands </Td> <Td> 26% </Td> <Td> 0% </Td> <Td> 26% </Td> <Td> 0% </Td> <Td> Taxation in Falkland islands </Td> </Tr> <Tr> <Td> F.S. Micronesia </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Micronesia </Td> </Tr> <Tr> <Td> Fiji </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Fiji </Td> </Tr> <Tr> <Td> Finland </Td> <Td> 20% </Td> <Td> 7.71% <P> (7.71% social security, no national or municipal taxes for income no more than 2 930 €) </P> </Td> <Td> 61.96% (31.75% national <P> 16.5 - 22.5% municipal 7.71% social security) </P> </Td> <Td> 7001240000000000000 ♠ 24% 14% (food and fodder) 10% (e.g. medicines, public transport) </Td> <Td> Taxation in Finland </Td> </Tr> <Tr> <Td> France </Td> <Td> 15% (profit <38120 €) - 33.00% (profit> 38120 €) </Td> <Td> 0% up to € 9700 </Td> <Td> 45% (+ tax on high incomes: 4% over 500,000 €) </Td> <Td> 20%, 10% (restaurants, transportation, tourism), 5.5% (utilities), 2.1% (press) </Td> <Td> Taxation in France </Td> </Tr> <Tr> <Td> Gabon </Td> <Td> 35% </Td> <Td> 5% </Td> <Td> 35% </Td> <Td> 7001180000000000000 ♠ 18% </Td> <Td> Taxation in Gabon </Td> </Tr> <Tr> <Td> Gambia </Td> <Td> 31% </Td> <Td> 0% </Td> <Td> 30% </Td> <Td> N / A </Td> <Td> Taxation in Gambia </Td> </Tr> <Tr> <Td> Germany </Td> <Td> 29.65% </Td> <Td> 14% (first € 8,354 pro anno is deductible) </Td> <Td> 47.475% (45% income tax + 5.5% solidarity surcharge based on the total tax bill) </Td> <Td> 7001190000000000000 ♠ 19% or 7% (e.g. food) </Td> <Td> Taxation in Germany </Td> </Tr> <Tr> <Td> Georgia </Td> <Td> 15% </Td> <Td> 5% </Td> <Td> 20% </Td> <Td> 7001180000000000000 ♠ 18% </Td> <Td> Taxation in Georgia </Td> </Tr> <Tr> <Td> Ghana </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Ghana </Td> </Tr> <Tr> <Td> Gibraltar </Td> <Td> 10% </Td> <Td> 17% </Td> <Td> 40% </Td> <Td> 0% </Td> <Td> Taxation in Gibraltar </Td> </Tr> <Tr> <Td> Greece </Td> <Td> 29% (+ 29% paid in advance & returned after 1 year) </Td> <Td> 22% (€ 1,900 tax deducted if income <€ 21,000) </Td> <Td> 45% </Td> <Td> 7001240000000000000 ♠ 24%, 13% (Health, Tourism), and 6% (Theater tickets, books, medicine). For some islands away from the mainland the rates are 17%, 9% and 4% . </Td> <Td> Taxation in Greece </Td> </Tr> <Tr> <Td> Grenada </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Grenada </Td> </Tr> <Tr> <Td> Guatemala </Td> <Td> 25% </Td> <Td> 5% </Td> <Td> 7% </Td> <Td> 7001120000000000000 ♠ 12% </Td> <Td> Taxation in Guatemala </Td> </Tr> <Tr> <Td> Guinea </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Guinea </Td> </Tr> <Tr> <Td> Guinea - Bissau </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Guinea - Bissau </Td> </Tr> <Tr> <Td> Guyana </Td> <Td> 30% </Td> <Td> N / A </Td> <Td> 331⁄3% </Td> <Td> 7001160000000000000 ♠ 16% or 0% </Td> <Td> Taxation in Guyana </Td> </Tr> <Tr> <Td> Guernsey </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 20% </Td> <Td> 0%) </Td> <Td> Taxation in Guernsey </Td> </Tr> <Tr> <Td> Haiti </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Haiti </Td> </Tr> <Tr> <Td> Honduras </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Honduras </Td> </Tr> <Tr> <Td> Hong Kong </Td> <Td> 16.5% </Td> <Td> 0% </Td> <Td> 15% </Td> <Td> 0% . The idea to levy GST was proposed and dropped in 2006 . </Td> <Td> Taxation in Hong Kong </Td> </Tr> <Tr> <Td> Hungary </Td> <Td> 9% </Td> <Td> 46.15% (17.8% social contribution tax, ocational training contribution 2.4%, 5.7% healthcare, social security 8.1%, income tax 12.15%,) </Td> <Td> 46.15% (17.8% social contribution tax, ocational training contribution 2.4%, 5.7% healthcare, social security 8.1%, income tax 12.15%,) </Td> <Td> 7001270000000000000 ♠ 27%, 18% (milk, egg, pork, chicken meat, internet service, restaurant services), 5% (medicines, books) </Td> <Td> Taxation in Hungary </Td> </Tr> <Tr> <Td> Iceland </Td> <Td> 20% </Td> <Td> 0% </Td> <Td> 46% </Td> <Td> 7001240000000000000 ♠ 24% or 11% </Td> <Td> Taxation in Iceland </Td> </Tr> <Tr> <Td> India </Td> <Td> 30% </Td> <Td> 0% </Td> <Td> 34.6% </Td> <Td> 7001500000000000000 ♠ 50% . GST rates in India are very high when compared to other countries; it ranges from 0% up to 50%: which includes 0%, 5%, 12%, 18%, 28%, 29%, 31%, 43%, 45%, 48%, 50% (Additional cess includes (28% + 1%), (28% + 3%), (28% + 15%), (28% + 17%), (28% + 20%), (28% + 22%)) varying for both goods and services on 1211 items and services . </Td> <Td> Taxation in India </Td> </Tr> <Tr> <Td> Indonesia </Td> <Td> 25% </Td> <Td> 5% </Td> <Td> 30% </Td> <Td> 7001100000000000000 ♠ 10% </Td> <Td> Taxation in Indonesia </Td> </Tr> <Tr> <Td> Iran </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 35% </Td> <Td> 0% - 9% - depending on item </Td> <Td> Taxation in Iran </Td> </Tr> <Tr> <Td> Iraq </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Iraq </Td> </Tr> <Tr> <Td> Ireland </Td> <Td> 12.5% </Td> <Td> 20% (first € 1,650 pro anno is deductible) </Td> <Td> 52% (40% Income Tax + 12% social insurance contributions on income above € 70,000, 9% social security contributions between € 18,000 and € 70,000) </Td> <Td> 7001230000000000000 ♠ 23% Goods 9% - 13.5% Services 0% certain items of food </Td> <Td> Taxation in Ireland </Td> </Tr> <Tr> <Td> Isle of Man </Td> <Td> 0% </Td> <Td> 10% </Td> <Td> 20% </Td> <Td> 20%, 5% on Home Renovations </Td> <Td> Taxation in Isle of Man </Td> </Tr> <Tr> <Td> Israel </Td> <Td> 24% </Td> <Td> 11.5% </Td> <Td> 50% </Td> <Td> 7001170000000000000 ♠ 17% on all the products and services (except for vegetables and fruits). </Td> <Td> Taxation in Israel </Td> </Tr> <Tr> <Td> Italy </Td> <Td> 27.9% (24% + 3.9% municipal) </Td> <Td> 23% - 0% on the first 8.500 euro income </Td> <Td> 43% + 4% (special added tax) </Td> <Td> 7001220000000000000 ♠ 22% or 10% or 4% (food, books) </Td> <Td> Taxation in Italy </Td> </Tr> <Tr> <Td> Ivory Coast </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Ivory Coast </Td> </Tr> <Tr> <Td> Jamaica </Td> <Td> 33.3% Large companies 25% Small Private companies </Td> <Td> 0% </Td> <Td> 25% on income over J $1,500,000 </Td> <Td> GCT 7001165000000000000 ♠ 16.5%, SCT varies up to 20% </Td> <Td> Taxation in Jamaica </Td> </Tr> <Tr> <Td> Japan </Td> <Td> 32.11% </Td> <Td> 5% </Td> <Td> 50% (40% national + 10% local) </Td> <Td> 7000800000000000000 ♠ 8% (consumption) </Td> <Td> Taxation in Japan </Td> </Tr> <Tr> <Td> Jersey </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 20% </Td> <Td> 5% </Td> <Td> Taxation in Jersey </Td> </Tr> <Tr> <Td> Jordan </Td> <Td> 20% </Td> <Td> 0% </Td> <Td> 14% </Td> <Td> 7001160000000000000 ♠ 16% (GST) </Td> <Td> Taxation in Jordan </Td> </Tr> <Tr> <Td> Kazakhstan </Td> <Td> 20% </Td> <Td> 10% </Td> <Td> 10% (for residents), 15% (for non-residents) </Td> <Td> 7001120000000000000 ♠ 12% </Td> <Td> Taxation in Kazakhstan </Td> </Tr> <Tr> <Td> Kenya </Td> <Td> 30% </Td> <Td> 10% </Td> <Td> 30% citizens, 35% foreigners </Td> <Td> 16% / 12% (electricity & fuel) VAT, 0% / exempt FOOD + 12.5% Withholding tax, 5% contractor Withholding tax </Td> <Td> Taxation in Kenya </Td> </Tr> <Tr> <Td> Kiribati </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Kiribati </Td> </Tr> <Tr> <Td> Kuwait </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> Taxation in Kuwait </Td> </Tr> <Tr> <Td> South Korea </Td> <Td> 24.2% </Td> <Td> 6% + 1.8% </Td> <Td> 38% + 11.4% </Td> <Td> 7001100000000000000 ♠ 10% </Td> <Td> Taxation in South Korea </Td> </Tr> <Tr> <Td> North Korea </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 20% </Td> <Td> 2% to 4% </Td> <Td> Taxation in North Korea </Td> </Tr> <Tr> <Td> Kyrgyzstan </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Kyrgyzstan </Td> </Tr> <Tr> <Td> Laos </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Laos </Td> </Tr> <Tr> <Td> Latvia </Td> <Td> 15% </Td> <Td> 23% (flat tax rate) </Td> <Td> 23% </Td> <Td> 7001210000000000000 ♠ 21% </Td> <Td> Taxation in Latvia </Td> </Tr> <Tr> <Td> Lebanon </Td> <Td> 15% </Td> <Td> 2% </Td> <Td> 20% </Td> <Td> 7001100000000000000 ♠ 10% </Td> <Td> Taxation in Lebanon </Td> </Tr> <Tr> <Td> Lesotho </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Lesotho </Td> </Tr> <Tr> <Td> Liberia </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Liberia </Td> </Tr> <Tr> <Td> Libya </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Libya </Td> </Tr> <Tr> <Td> Liechtenstein </Td> <Td> 12.5% </Td> <Td> 1.2% </Td> <Td> 17.82% </Td> <Td> 2.5% - 7000800000000000000 ♠ 8.0%, (lodging services 3.8%) </Td> <Td> Taxation in Liechtenstein </Td> </Tr> <Tr> <Td> Lithuania </Td> <Td> 33.75% </Td> <Td> 0% </Td> <Td> 15% </Td> <Td> 7001210000000000000 ♠ 21% </Td> <Td> Taxation in Lithuania </Td> </Tr> <Tr> <Td> Luxembourg </Td> <Td> 29.22% </Td> <Td> 6% </Td> <Td> 52.45% total: 40% + 12.45% social security charges </Td> <Td> 7001170000000000000 ♠ 17% </Td> <Td> Taxation in Luxembourg </Td> </Tr> <Tr> <Td> Macau </Td> <Td> 12% </Td> <Td> 0% </Td> <Td> 12% </Td> <Td> 0% </Td> <Td> Taxation in Macau </Td> </Tr> <Tr> <Td> Macedonia </Td> <Td> 10% </Td> <Td> 10% (flat tax rate) </Td> <Td> 10% </Td> <Td> 7001180000000000000 ♠ 18% or 5% </Td> <Td> Taxation in Macedonia </Td> </Tr> <Tr> <Td> Madagascar </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Madagascar </Td> </Tr> <Tr> <Td> Malawi </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Malawi </Td> </Tr> <Tr> <Td> Malaysia </Td> <Td> 18 - 24% </Td> <Td> 0% </Td> <Td> 28% . On top of that, additional 11% for Employees Provident Fund, from Employee, 12% - 13% from Employer; Additional 1.2% for SOCSO from Employee, and 1.4% from Employer </Td> <Td> 6% GST </Td> <Td> Taxation in Malaysia </Td> </Tr> <Tr> <Td> Maldives </Td> <Td> 8% - 7001150000000000000 ♠ 15% </Td> <Td> 0% </Td> <Td> 15% </Td> <Td> 7000600000000000000 ♠ 6% Since January 1, 2012 (Increased from 3.5% set on October 2, 2011) </Td> <Td> Taxation in Maldives </Td> </Tr> <Tr> <Td> Mali </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Mali </Td> </Tr> <Tr> <Td> Malta </Td> <Td> 0 - 10% (35% pre rebate) </Td> <Td> 0% </Td> <Td> 35% </Td> <Td> 7001180000000000000 ♠ 18% </Td> <Td> Taxation in Malta </Td> </Tr> <Tr> <Td> Marshall Islands </Td> <Td> N / A </Td> <Td> 0%, 8% on employees of resident companies </Td> <Td> 12% on employees of resident companies </Td> <Td> 2 - 4% </Td> <Td> Taxation in Marshall Islands </Td> </Tr> <Tr> <Td> Mauritania </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Mauritania </Td> </Tr> <Tr> <Td> Mauritius </Td> <Td> 15% </Td> <Td> 15% (flat tax rate) </Td> <Td> 15% </Td> <Td> 7001150000000000000 ♠ 15% </Td> <Td> Taxation in Mauritius </Td> </Tr> <Tr> <Td> Mexico </Td> <Td> 30% </Td> <Td> 1.92% </Td> <Td> 35% </Td> <Td> 7001160000000000000 ♠ 16% </Td> <Td> Taxation in Mexico </Td> </Tr> <Tr> <Td> Moldova </Td> <Td> 12% </Td> <Td> 7% </Td> <Td> 18% </Td> <Td> 7001200000000000000 ♠ 20% </Td> <Td> Taxation in Moldova </Td> </Tr> <Tr> <Td> Monaco </Td> <Td> 33.33% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 7001196000000000000 ♠ 19.6% - 5.5% </Td> <Td> Taxation in Monaco </Td> </Tr> <Tr> <Td> Mongolia </Td> <Td> 10% </Td> <Td> 10% </Td> <Td> 10% </Td> <Td> 10% </Td> <Td> Taxation in Mongolia </Td> </Tr> <Tr> <Td> Montenegro </Td> <Td> 9% </Td> <Td> 9% (first EUR 720) </Td> <Td> 15% </Td> <Td> 7001190000000000000 ♠ 19% </Td> <Td> Taxation in Montenegro </Td> </Tr> <Tr> <Td> Montserrat </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Montserrat </Td> </Tr> <Tr> <Td> Morocco </Td> <Td> 10% - 31% </Td> <Td> 0% </Td> <Td> 7% - 20% </Td> <Td> N / A </Td> <Td> Taxation in Morocco </Td> </Tr> <Tr> <Td> Mozambique </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Mozambique </Td> </Tr> <Tr> <Td> Myanmar </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Myanmar </Td> </Tr> <Tr> <Td> Namibia </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Naminia </Td> </Tr> <Tr> <Td> Nauru </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Nauru </Td> </Tr> <Tr> <Td> Nepal </Td> <Td> 20% </Td> <Td> 15%, 1% Social Security Tax Mandatory </Td> <Td> 25% </Td> <Td> 7001130000000000000 ♠ 13% </Td> <Td> Taxation in Nepal </Td> </Tr> <Tr> <Td> Netherlands </Td> <Td> 20% on first € 250.000 profit . <P> 25% on € 250.001 + profit </P> </Td> <Td> 36.55% (first € 2,103 pro anno is deductible) </Td> <Td> 51, 95% + reduction of deductions (arbeidskorting and general korting) </Td> <Td> 7001210000000000000 ♠ 21% (6% for essential and selected goods) </Td> <Td> Taxation in the Netherlands </Td> </Tr> <Tr> <Td> New Zealand </Td> <Td> 28% </Td> <Td> 10.5% </Td> <Td> 33% </Td> <Td> 7001150000000000000 ♠ 15% GST </Td> <Td> Taxation in New Zealand </Td> </Tr> <Tr> <Td> New Caledonia </Td> <Td> 30% </Td> <Td> 0% </Td> <Td> 25% on local income of non-residents <P> 40% </P> </Td> <Td> N / A </Td> <Td> Taxation in New Caledonia </Td> </Tr> <Tr> <Td> Nicaragua </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Nicaragua </Td> </Tr> <Tr> <Td> Niger </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Niger </Td> </Tr> <Tr> <Td> Nigeria </Td> <Td> 30% </Td> <Td> 7% </Td> <Td> 24% </Td> <Td> 5% </Td> <Td> Taxation in Nigeria </Td> </Tr> <Tr> <Td> Niue </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Niue </Td> </Tr> <Tr> <Td> Norfolk Island </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Norfolk Island </Td> </Tr> <Tr> <Td> Norway </Td> <Td> 24% </Td> <Td> 0% </Td> <Td> 46.9% (includes 8.2% pension contribution) </Td> <Td> 7001250000000000000 ♠ 25% or 15% (food and drink in shops) or 10% (transportation, cinema, hotel rooms) </Td> <Td> Taxation in Norway </Td> </Tr> <Tr> <Td> Oman </Td> <Td> 15% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 5% </Td> <Td> Taxation in Oman </Td> </Tr> <Tr> <Td> Pakistan </Td> <Td> 35% </Td> <Td> 7.5% </Td> <Td> 35% </Td> <Td> 5000000000000000000 ♠ 0% or 17% (basic food items) </Td> <Td> Taxation in Pakistan </Td> </Tr> <Tr> <Td> Palau </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Palau </Td> </Tr> <Tr> <Td> Palestine </Td> <Td> 15% </Td> <Td> 5% </Td> <Td> 15% </Td> <Td> 7001145000000000000 ♠ 14.5% (VAT) </Td> <Td> Taxation in Palestine </Td> </Tr> <Tr> <Td> Panama </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 27% </Td> <Td> 7000700000000000000 ♠ 7% (except for: essential goods 0%, alcohol and hotels 10%, tobacco 15%) </Td> <Td> Taxation in Panama </Td> </Tr> <Tr> <Td> Papua New Guinea </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Papua New Guinea </Td> </Tr> <Tr> <Td> Paraguay </Td> <Td> 10% </Td> <Td> 8% </Td> <Td> 10% </Td> <Td> 10% </Td> <Td> Taxation in Paraguay </Td> </Tr> <Tr> <Td> Peru </Td> <Td> 30% </Td> <Td> 0% </Td> <Td> 30% </Td> <Td> 7001180000000000000 ♠ 18% (16% VAT + 2% Municipal Promotional Tax) 0--118% ISC Impuesto Selectivo al Consumo (To some products like liquor, cigarettes, etc .) </Td> <Td> Taxation in Peru </Td> </Tr> <Tr> <Td> Philippines </Td> <Td> 30% </Td> <Td> 5% </Td> <Td> 32% </Td> <Td> 7001120000000000000 ♠ 12% or 7% or 0% <P> (in some cases, foreign investors are zero - rated) </P> </Td> <Td> Taxation in Philippines </Td> </Tr> <Tr> <Td> Pitcairn Islands </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Pitcairn Islands </Td> </Tr> <Tr> <Td> Poland </Td> <Td> 19% (15% for SME) </Td> <Td> 0% </Td> <Td> 32% (or optional 19% flat rate for self - employed) </Td> <Td> 7001230000000000000 ♠ 23% or 8% or 5% </Td> <Td> Taxation in Poland </Td> </Tr> <Tr> <Td> Portugal </Td> <Td> 23% </Td> <Td> 14.5% </Td> <Td> 48% </Td> <Td> 7001230000000000000 ♠ 23%, 13%, 6% <P> Madeira, Açores: 15%, 9%, 4% </P> </Td> <Td> Taxation in Portugal </Td> </Tr> <Tr> <Td> Puerto Rico </Td> <Td> 20% </Td> <Td> 0% (16% Proposed from March 2015) </Td> <Td> 33.34% </Td> <Td> 11.5% </Td> <Td> Taxation in Puerto Rico </Td> </Tr> <Tr> <Td> Qatar </Td> <Td> 10% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> Taxation in Qatar </Td> </Tr> <Tr> <Td> Romania </Td> <Td> 16% (3% revenue for micro-entities) </Td> <Td> 16% (flat tax rate) </Td> <Td> 16% (+ 5.5% CASS + 10.5% CAS for self - employed) </Td> <Td> 7001190000000000000 ♠ 19% or 9% (food, medicines, books, newspapers, hotel ...), or 4% </Td> <Td> Taxation in Romania </Td> </Tr> <Tr> <Td> Russia </Td> <Td> 20% </Td> <Td> 13% (flat) </Td> <Td> 13% (35% for non-residents) </Td> <Td> 7001180000000000000 ♠ 18% or 10% (books, certain items of food, children goods) </Td> <Td> Taxation in Russia </Td> </Tr> <Tr> <Td> Rwanda </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Rwanda </Td> </Tr> <Tr> <Td> Saint Kitts and Nevis </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Saint Kitts and Nevis </Td> </Tr> <Tr> <Td> Saint Lucia </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Saint Lucia </Td> </Tr> <Tr> <Td> Saint Pierre and Miquelon </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Saint Pierre and Miquelon </Td> </Tr> <Tr> <Td> Saint Vincent and the Grenadines </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Saint Vincent and the Grenadines </Td> </Tr> <Tr> <Td> Samoa </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Samoa </Td> </Tr> <Tr> <Td> San Marino </Td> <Td> 17% </Td> <Td> 12% </Td> <Td> 50% </Td> <Td> 17% on imported goods . There is no VAT registration inside San Marino . </Td> <Td> Taxation in San Marino </Td> </Tr> <Tr> <Td> São Tomé and Príncipe </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in São Tomé and Príncipe </Td> </Tr> <Tr> <Td> Sark </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% - There are taxes on property and personal capital (max £ 6,500). </Td> <Td> 0% - There is no VAT on Sark . Import duty is levied on some goods brought onto the island . </Td> <Td> Taxation in Sark </Td> </Tr> <Tr> <Td> Saudi Arabia </Td> <Td> 20% </Td> <Td> 0% (foreigners) Zakat 2.5% on capital assets (natives) </Td> <Td> 0% (foreigners) Zakat 2.5% on capital assets (natives) </Td> <Td> 5% </Td> <Td> Taxation in Saudi Arabia </Td> </Tr> <Tr> <Td> Senegal </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 50% </Td> <Td> 7001200000000000000 ♠ 20% </Td> <Td> Taxation in Senegal </Td> </Tr> <Tr> <Td> Serbia </Td> <Td> 15% </Td> <Td> 10% </Td> <Td> 25% (additional contributions for state health, pension and unemployment funds) </Td> <Td> 20% or 8% or 0% <P> (reduced rates are for certain goods) </P> </Td> <Td> Taxation in Serbia </Td> </Tr> <Tr> <Td> Seychelles </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Seychelles </Td> </Tr> <Tr> <Td> Sierra Leone </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Sierra Leone </Td> </Tr> <Tr> <Td> Singapore </Td> <Td> 17% </Td> <Td> 0% </Td> <Td> 22% </Td> <Td> 7000700000000000000 ♠ 7% (GST) </Td> <Td> Taxation in Singapore </Td> </Tr> <Tr> <Td> Sint Maarten </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Sint Maarten </Td> </Tr> <Tr> <Td> Slovakia </Td> <Td> 22% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 7001200000000000000 ♠ 20% 10% on medication and books </Td> <Td> Taxation in Slovakia </Td> </Tr> <Tr> <Td> Slovenia </Td> <Td> 19% </Td> <Td> 16% </Td> <Td> 50% </Td> <Td> 7001220000000000000 ♠ 22% or 9.5% </Td> <Td> Taxation in Slovenia </Td> </Tr> <Tr> <Td> Solomon Islands </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Solomon Islands </Td> </Tr> <Tr> <Td> Somalia </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Somalia </Td> </Tr> <Tr> <Td> South Africa </Td> <Td> 28% </Td> <Td> 0% </Td> <Td> 45% </Td> <Td> 7001140000000000000 ♠ 14% </Td> <Td> Taxation in South Africa </Td> </Tr> <Tr> <Td> South Sudan </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in South Sudan </Td> </Tr> <Tr> <Td> Spain </Td> <Td> 25% </Td> <Td> 0% (below € 12,000) </Td> <Td> 45% </Td> <Td> 21%, 10% & 4% </Td> <Td> Taxation in Spain </Td> </Tr> <Tr> <Td> Sri Lanka </Td> <Td> 15% - 30% </Td> <Td> 0% </Td> <Td> 15% (If annual income is more than 2.5 m LKR) </Td> <Td> 5000000000000000000 ♠ 0% or 8% or 12% </Td> <Td> Taxation in Sri Lanka </Td> </Tr> <Tr> <Td> Sudan </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Sudan </Td> </Tr> <Tr> <Td> Suriname </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Suriname </Td> </Tr> <Tr> <Td> Swaziland </Td> <Td> 27.5% </Td> <Td> 33% </Td> <Td> 33% </Td> <Td> 7001140000000000000 ♠ 14% </Td> <Td> Taxation in Swaziland </Td> </Tr> <Tr> <Td> Sweden </Td> <Td> 22% </Td> <Td> 31% (first USD $2,690 pro anno is deductible) </Td> <Td> 59.7% </Td> <Td> 7001250000000000000 ♠ 25% or 12% or 6% </Td> <Td> Taxation in Sweden </Td> </Tr> <Tr> <Td> Switzerland </Td> <Td> 17.92% </Td> <Td> 0% </Td> <Td> 13.2% (federal) </Td> <Td> 7000800000000000000 ♠ 8.0% or 3.8% or 2.5% </Td> <Td> Taxation in Switzerland </Td> </Tr> <Tr> <Td> Syria </Td> <Td> 22% </Td> <Td> 5% </Td> <Td> 15% </Td> <Td> N / A </Td> <Td> Taxation in Syria </Td> </Tr> <Tr> <Td> Taiwan </Td> <Td> 17% </Td> <Td> 6% </Td> <Td> 45% </Td> <Td> 7000500000000000000 ♠ 5% VAT Various rates of Gross receipts tax on a few industries, such as financial services . </Td> <Td> Taxation in Taiwan </Td> </Tr> <Tr> <Td> Tajikistan </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Tajikistan </Td> </Tr> <Tr> <Td> Tanzania </Td> <Td> 30% </Td> <Td> 15% </Td> <Td> 30% </Td> <Td> N / A </Td> <Td> Taxation in Tanzania </Td> </Tr> <Tr> <Td> Thailand </Td> <Td> 20% </Td> <Td> 0% </Td> <Td> 35% </Td> <Td> 7% </Td> <Td> Taxation in Thailand </Td> </Tr> <Tr> <Td> Togo </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Togo </Td> </Tr> <Tr> <Td> Tokelau </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Tokelau </Td> </Tr> <Tr> <Td> Tonga </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Tonga </Td> </Tr> <Tr> <Td> Trinidad and Tobago </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 25% </Td> <Td> 12.5% </Td> <Td> Taxation in Trinidad & Tobago </Td> </Tr> <Tr> <Td> Tunisia </Td> <Td> 30% </Td> <Td> 0% </Td> <Td> 35% </Td> <Td> 7001180000000000000 ♠ 18% or 12% or 6% </Td> <Td> Taxation in Tunisia </Td> </Tr> <Tr> <Td> Turkey </Td> <Td> 20% </Td> <Td> 15% </Td> <Td> 35% </Td> <Td> 7001180000000000000 ♠ 18% or 8% (e.g. clothing) or 1% (certain food) </Td> <Td> Taxation in Turkey </Td> </Tr> <Tr> <Td> Turkmenistan </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Turkmenistan </Td> </Tr> <Tr> <Td> Turks and Caicos Islands </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Turks and Caicos Islands </Td> </Tr> <Tr> <Td> Tuvalu </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Tuvalu </Td> </Tr> <Tr> <Td> Uganda </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Uganda </Td> </Tr> <Tr> <Td> Ukraine </Td> <Td> 18% </Td> <Td> 0% (base tax rate 20%) </Td> <Td> 30% (base tax rate 20%) </Td> <Td> 20% or 7% or 0% </Td> <Td> Taxation in Ukraine </Td> </Tr> <Tr> <Td> United Arab Emirates </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> N / A </Td> <Td> Taxation in United Arab Emirates </Td> </Tr> <Tr> <Td> United Kingdom </Td> <Td> 19% </Td> <Td> 0%, 20% <P> (personal allowance of £ 11,000 for people earning less than £ 100,000 - reduces down to no tax free allowance when income reaches £ 123,000) </P> </Td> <Td> 62% on earnings between £ 100,000 - £ 123,000 (40% higher rate tax + reduction in personal allowance + National Insurance), 45% (on income over £ 150,000) </Td> <Td> 7001200000000000000 ♠ 20% Standard Rate; 5% Reduced Rate for home energy and renovations; 0% Zero Rate for life necessities - groceries, water, prescription medications, medical equipment and supplies, public transport, children clothing, books and periodicals . </Td> <Td> Taxation in the United Kingdom </Td> </Tr> <Tr> <Td> United States </Td> <Td> 35% + 0 - 12% State / Local </Td> <Td> 0% (federal) + 0% (state) + 0% - 3% (local) </Td> <Td> 52.9% (max federal + state) <P> 39.6% (federal) + 0 - 13.3% (state) </P> </Td> <Td> 5000000000000000000 ♠ 0% - 11.725% (state and local) </Td> <Td> Taxation in the United States </Td> </Tr> <Tr> <Td> Uruguay </Td> <Td> 25% </Td> <Td> 0% </Td> <Td> 30% </Td> <Td> 7001220000000000000 ♠ 22% (basic) or 11% (minimum) or 0% (extent) </Td> <Td> Taxation in Uruguay </Td> </Tr> <Tr> <Td> Uzbekistan </Td> <Td> 8% </Td> <Td> 7.5% </Td> <Td> 22% </Td> <Td> 0--7001200000000000000 ♠ 20% </Td> <Td> Taxation in Uzbekistan </Td> </Tr> <Tr> <Td> Vanuatu </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Vanuatu </Td> </Tr> <Tr> <Td> Venezuela </Td> <Td> 34% </Td> <Td> 6% </Td> <Td> 34% </Td> <Td> 8%--10% / 7001120000000000000 ♠ 12% </Td> <Td> Taxation in Venezuela </Td> </Tr> <Tr> <Td> Vietnam </Td> <Td> 20% </Td> <Td> 5% </Td> <Td> 35% </Td> <Td> 7001100000000000000 ♠ 10% </Td> <Td> Taxation in Vietnam </Td> </Tr> <Tr> <Td> British Virgin Islands </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> 0% </Td> <Td> N / A </Td> <Td> Taxation in the British Virgin Islands </Td> </Tr> <Tr> <Td> U.S. Virgin Islands <P> 50% - 500% </P> </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in United States Virgin Islands </Td> </Tr> <Tr> <Td> Yemen </Td> <Td> 20% </Td> <Td> 10% </Td> <Td> 15% </Td> <Td> 2% </Td> <Td> Taxation in Yemen </Td> </Tr> <Tr> <Td> Zambia </Td> <Td> 35% </Td> <Td> 10% </Td> <Td> 30% </Td> <Td> 7001175000000000000 ♠ 17.5% </Td> <Td> Taxation in Zambia </Td> </Tr> <Tr> <Td> Zimbabwe </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> N / A </Td> <Td> Taxation in Zimbabwe </Td> </Tr> </Table> <Tr> <Th> Country </Th> <Th> Corporate tax </Th> <Th> Individual (min) </Th> <Th> Individual (max) </Th> <Th> VAT or GST or Sales tax (also see VAT rates) </Th> <Th> Further reading </Th> </Tr>

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