Embark on a visual journey across the world to understand the diverse landscape of personal income tax rates. This choropleth map showcases the headline personal income tax rates across different territories, providing a comprehensive view of the global tax environment.
Key Observations:
Regional Insights:
Conclusion: This choropleth map serves as a powerful tool for investors, businesses, and individuals to navigate the global tax landscape. Understanding the variations in personal income tax rates provides valuable insights for financial planning, investment decisions, and international business considerations. Stay informed as we delve into the nuanced world of global taxation trends.
Territory | Headline PIT rate |
---|---|
Albania | 23 |
Algeria | 35 |
Angola | 25 |
Argentina | 35 |
Armenia | 20 |
Australia | 45 |
Austria | 55 |
Azerbaijan | 25 |
Bahrain | 0 |
Barbados | 28.5 |
Belgium | 50 |
Bermuda | 0 |
Bolivia | 13 |
Bosnia and Herzegovina | 10 |
Botswana | 25 |
Brazil | 27.5 |
Bulgaria | 10 |
Cabo Verde | 27.5 |
Cambodia | 20 |
Cameroon, Republic of | 38.5 |
Canada | 33 |
Cayman Islands | 0 |
Chad | 30 |
Chile | 40 |
China, People's Republic of | 45 |
Colombia | 39 |
Congo, Democratic Republic of the | 40 |
Congo, Republic of | 40 |
Costa Rica | 25 |
Croatia | 30 |
Cyprus | 35 |
Czech Republic | 23 |
Denmark | 56 |
Dominican Republic | 25 |
Ecuador | 37 |
Egypt | 27.5 |
El Salvador | 30 |
Equatorial Guinea | 35 |
Estonia | 20 |
Eswatini | 33 |
Ethiopia | 35 |
Fiji | 44 |
Finland | 55 |
France | 45 |
Gabon | 35 |
Georgia | 20 |
Germany | 45 |
Ghana | 35 |
Gibraltar | 27.5 |
Greece | 44 |
Greenland | 10 |
Guatemala | 7 |
Guernsey, Channel Islands | 20 |
Guyana | 40 |
Honduras | 25 |
Hong Kong SAR | 15 |
Hungary | 15 |
Iceland | 31.8 |
India | 39 |
Indonesia | 35 |
Iraq | 15 |
Ireland | 40 |
Isle of Man | 20 |
Israel | 50 |
Italy | 43 |
Jamaica | 30 |
Japan | 45 |
Jersey, Channel Islands | 20 |
Jordan | 30 |
Kazakhstan | 10 |
Kenya | 30 |
Korea, Republic of | 45 |
Kosovo | 10 |
Kuwait | 0 |
Kyrgyzstan | 10 |
Lao PDR | 25 |
Latvia | 31 |
Lebanon | 25 |
Libya | 13 |
Liechtenstein | 22.4 |
Lithuania | 32 |
Luxembourg | 42 |
Macau SAR | 12 |
Madagascar | 20 |
Malawi | 35 |
Malaysia | 30 |
Maldives, Republic of | 15 |
Malta | 35 |
Mauritania | 40 |
Mauritius | 15 |
Mexico | 35 |
Moldova | 12 |
Mongolia | 20 |
Montenegro | 15 |
Morocco | 38 |
Mozambique | 32 |
Myanmar | 25 |
Namibia, Republic of | 37 |
Netherlands | 49.5 |
New Zealand | 39 |
Nicaragua | 30 |
Nigeria | 24 |
North Macedonia | 10 |
Norway | 22 |
Oman | 0 |
Pakistan | 35 |
Palestinian territories | 15 |
Panama | 25 |
Papua New Guinea | 42 |
Paraguay | 10 |
Peru | 30 |
Philippines | 35 |
Poland | 32 |
Portugal | 48 |
Puerto Rico | 33 |
Qatar | 0 |
Romania | 10 |
Rwanda | 30 |
Saint Lucia | 30 |
Saudi Arabia | 0 |
Senegal | 43 |
Serbia | 20 |
Singapore | 22 |
Slovak Republic | 25 |
Slovenia | 50 |
South Africa | 45 |
Spain | 47 |
Sri Lanka | 36 |
Sweden | 20 |
Switzerland | 11.5 |
Taiwan | 40 |
Tajikistan | 12 |
Tanzania | 30 |
Thailand | 35 |
Timor-Leste | 10 |
Trinidad and Tobago | 25 |
Tunisia | 35 |
Turkey | 40 |
Turkmenistan | 10 |
Uganda | 40 |
Ukraine | 18 |
United Arab Emirates | 0 |
United Kingdom | 45 |
United States | 37 |
Uruguay | 36 |
Uzbekistan, Republic of | 12 |
Venezuela | 34 |
Vietnam | 35 |
Zambia | 37.5 |
Zimbabwe | 41.2 |
Russia | 13 |
The highest Resident Tax rate brackets were considered for this analysis.
https://taxsummaries.pwc.com/quick-charts/personal-income-tax-pit-rateshttps://www.nalog.gov.ru/eng/individuals/nalog/ndfl/