Personal income tax includes all applicable taxes, including all unvested social security contributions. Vested social security contributions are not included as they contribute to the personal wealth and will be paid back upon retirement or emigration, either as lump sum or as pension. Only social security contributions without a ceiling can be included in the highest marginal tax rate as only those are effectively a tax for general distribution among the population.
Some other taxes (for instance property tax, substantial in many countries, such as the United States) and income 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 lower than the marginal rate. 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.
5.5% (on profits not over BBD$1 million) 3.0% (over BBD$1 million but not over BBD$20 million) 2.5% (over BBD$20 million but not over BBD$30 million) 1.0% (over BBD$30 million)[41]
0% (20% on distribution or 14% on distribution below the 3 previous years average)
6.9% (for minimum wage full-time work in 2024: includes 20% flat income tax, of which first 7848€ per year is tax exempt for low-income earners + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer
23.6% (for employees earning more than 25,200€ per year in 2024: includes 20% flat income tax + 2% mandatory pension contribution + 1.6% unemployment insurance paid by employee); excluding social security taxes paid by the employer and taxes on dividends
30% approximately (15% Corporate tax (+ 5,5% solidarity surcharge) + 7% to 17% trade tax) [101]
33.6% (14% income tax + 19,6% social security contributions)
19,6% (0% income tax if earning under €11,604 in year)
45% income tax + 39,2% social security contributions up to €90,600 per year (Half paid by employer (14,6% health + 18,6% pension + 3,4% care + 2,6% unemployment)
24% (standard rate) 13% (food, health and tourism services) 6% (theater tickets, books and medicine) VAT is reduced by 30% for the islands of Leros, Lesvos, Kos, Samos, Chios (i.e., 17%, 9%, 4%).
16% (highest rate) 7.5% (lowest rate)[126] Rate of 15% typically applies except for regions under Saudi control where it's 7.5% tax, plus add a possible 1% tax for Zakat
19% (9% for small taxpayer, those with revenue in a given tax year not exceeding the equivalent of €1.2 million and that have "small taxpayer" status)[184]
25% CAS if earning more than 12 minimum wages in a year
10% CASS, taxable sum capped at 12 minimum wages per year, e.g. you pay a maximum of 2280 RON as CASS contribution in 2018 if you earn over RON 22,800 for the whole year)
50.14% 10.6% (mandatory social security contributions)[218] 11.5% (federal)[219] 28.025% (cantonal, Geneva)[220] 9.69% (communal, Avully and Chancy, both canton of Geneva)[220] 3.04%(church tax, roman catholic and protestant in Geneva)[220]
0% (free zone companies,[229] as well as mainland companies with less than 375,000 AED a year in profit,[230] may need to fill out a tax return)
9% (for mainland companies with a net profit over AED 375,000 annually, taxation paid to other countries credited towards UAE taxation, tax return required)[230]
53.25% (53.25% in 100k-125k band: 40% + 10% due to loss of tax free band until 125k + ~3% NI, excluding employer NI, back down to 45% + NI above 125k)
+ 2% Class I NI for over £4189 pm) 47% (over £125,140)[235]
20% (standard rate) 5% (home energy and renovations) 0% (life necessities: groceries, water, prescription medications, medical equipment and supplies; public transport; children's clothing; books and periodicals)[236]
28% for gains on residential property, 20% for other chargeable assets.[237]
↑ Businesses with annual turnover above A$2 million pay 30%, all other business pay the lower 26% rate.
↑ Excludes 2% Medicare levy.Excludes 1.5% Medicare Levy Surcharge Previously 50.5%, which included an additional 2% 'deficit levy' which expired in June 2017.
↑ While there is no sales tax or GST, the Cayman Islands impose various import duties on goods imported to the island nation.
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↑ Governo Regional dos Açores (2019). "Despacho n.º 1056/2019". Diário da República. Archived from the original on February 5, 2020. Retrieved February 5, 2020.
1 2 3 Governo Regional da Madeira (2020). "Despachon.º 44/2020"(PDF). Jornal Oficial da Região Autónoma da Madeira. Archived(PDF) from the original on 2020-09-22. Retrieved February 5, 2020.
↑ "Servicio de Impuestos Internos" (in Spanish). Sii.cl. Archived from the original on 2018-12-26. Retrieved 2013-02-04.- For corporate tax: rate of 20% introduced by Law 20630 (27 September 2012), in force from 1 January 2013.
↑ "Paramètres sociaux – CCSS". Centre commun de la sécurité sociale. Archived from the original on 2013-04-02. Retrieved 2013-03-27. (50% maladie, 100% dépendance, 50% pension)
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