Highest Taxed Countries 2020

As the old adage goes, only two things in life are certain: death and taxes. Taxes can be a burden, but paying taxes is actually important for a number of reasons. Taxes are used to fund education, technology, infrastructure, the military, and health programs. Taxes provide the funds that a country needs to survive, so it’s a necessary evil.

If you take a look at tax rates around the world, you’ll see a wide variation of tax rates. Some nations also have different types of taxes and rules surrounding taxation. Rules and tax rates can even vary within the same country. For example, within the United States, some states have sales tax while others do not. However, these states without a sales tax may face additional taxes or higher tax rates to make up for the deficit, such as higher property tax rates.

Finding the countries with the highest taxes can be a challenge because of the various rules, regulations, and types of taxes. For the purpose of this article, we’ll take a look at three main types of taxes: income tax, sales tax, and corporate tax. We’ll look at these different types of taxes to determine which nations have the highest taxes.

First, let’s start with income taxes. The highest maximum income tax rate can be found in Portugal. In this country, the maximum rate is 82.75%. Following behind is Aruba. This nation has income taxes of 58.95%. Coming in third for the highest maximum income tax rate is Canada. In Quebec, the tax rate is 58.75%.

Now, let’s look at the minimum income tax rate across the world. The lowest minimum income tax rate is in the United Kingdom, where the minimum income tax rate is 40%. Falling just behind the U.K. is Denmark, which has a tax rate of over 39%. This number drops to 34.63% for unemployed individuals. The Netherlands have the next highest minimum income tax rate, which is 36.55%.

Next, we’ll take a look at corporate tax rates around the globe. The highest corporate tax rate can be found in Suriname, which is at 36%. The second-highest corporate tax rate is a tie between several nations. Benin, Zambia, Argentina, Gabon, Bangladesh, and Burundi all have a corporate tax rate of 35%.

Finally, let’s look at VAT, GST, and sales tax rates. The highest rates are found in India, with rates up to 28%. Next is Hungary, which has a standard rate of 27%. In third place is Brazil, which has a maximum rate of 25%. Croatia, Denmark, Norway, and Sweden also have standard rates of 25%.

Country Highest Income Tax Lowest Income Tax Corporate Tax Sales Tax Population 2019
Myanmarn/an/aN/AN/A54,045,420
Chadn/an/aN/AN/A15,946,876
Comorosn/an/aN/AN/A850,886
Republic Of The Congon/an/a30%18.9%5,380,508
Equatorial Guinean/an/aN/AN/A1,355,986
Ethiopian/an/aN/AN/A112,078,730
Eritrean/an/aN/AN/A3,497,117
Djiboutin/an/aN/AN/A973,560
Ghanan/an/aN/A3%30,417,856
Kiribatin/an/aN/AN/A117,606
Grenadan/an/aN/AN/A112,003
Guinean/an/aN/AN/A12,771,246
Hondurasn/an/aN/AN/A9,746,117
Iraqn/an/aN/AN/A39,309,783
Ivory Coastn/an/aN/AN/A25,716,544
Kyrgyzstann/an/aN/AN/A6,415,850
Laosn/an/aN/AN/A7,169,455
Lesothon/an/aN/AN/A2,125,268
Liberian/an/a25%N/A4,937,374
Libyan/an/aN/AN/A6,777,452
Madagascarn/an/aN/AN/A26,969,307
Malawin/an/aN/AN/A18,628,747
Malin/an/aN/AN/A19,658,031
Mauritanian/an/aN/AN/A4,525,696
Montserratn/an/aN/AN/A4,989
Mozambiquen/an/aN/AN/A30,366,036
Naurun/an/aN/AN/A10,756
Sint Maartenn/an/aN/AN/A42,388
Vanuatun/an/aN/AN/A299,882
Nicaraguan/an/aN/AN/A6,545,502
Nigern/an/aN/AN/A23,310,715
Niuen/an/aN/A12.5%1,615
Micronesian/an/aN/AN/A113,815
Palaun/an/aN/AN/A18,008
Papua New Guinean/an/aN/AN/A8,776,109
Bermudan/an/a0%N/A62,506
Guinea Bissaun/an/aN/AN/A1,920,922
Timor Lesten/an/aN/AN/A1,293,119
Rwandan/an/aN/AN/A12,626,950
Saint Lucian/an/aN/AN/A182,790
Saint Pierre And Miquelonn/an/aN/AN/A5,822
Saint Vincent And The Grenadinesn/an/aN/AN/A110,589
Sao Tome And Principen/an/aN/AN/A215,056
Sierra Leonen/an/aN/AN/A7,813,215
Somalian/an/aN/AN/A15,442,905
South Sudann/an/aN/AN/A11,062,113
Sudann/an/aN/AN/A42,813,238
Surinamen/an/a36%N/A581,372
Togon/an/aN/AN/A8,082,366
Tokelaun/an/aN/AN/A1,340
Tongan/an/aN/AN/A104,494
Turkmenistann/an/aN/AN/A5,942,089
Turks And Caicos Islandsn/an/aN/AN/A38,191
Tuvalun/an/aN/AN/A11,646
Ugandan/an/a30%18%44,269,594
Samoan/an/aN/AN/A197,097
Solomon Islandsn/an/aN/AN/A669,823
Cayman Islands0.00%0.00%0%0%$164,948
Kuwait0.00%0.00%0%0%4,207,083
Bahrain0.00%0.00%0%5%1,641,172
Monaco0.00%0.00%33.33%19.6% (highest rate); 5.5% (lowest rate)38,964
Oman0.00%0.00%15%5%4,974,986
Qatar0.00%0.00%10%0%2,832,067
Saint Kitts And Nevis0.00%0.00%0%N/A52,823
Anguilla0.00%0.00%0%0%14,869
United Arab Emirates0.00%0.00%0%5%9,770,529
British Virgin Islands0.00%0.00%0%N/A30,030
Brunei0.00%0.00%20%N/A433,285
Saudi Arabia2.50%0.00%5%5%34,268,528
American Samoa6.00%4.00%44% (highest rate); 15% (lowest rate)0%55,312
Guatemala7.00%5.00%25%12%17,581,472
Bahamas8.80%0.00%0%12% (standard rate)389,482
Andorra10.00%10.00%10%4.5% (standard rate); 9.5% (banking services); 2.5%, 1% or 0% (reduced rates)77,142
Mongolia10.00%10.00%10%10%3,225,167
Paraguay10.00%8.00%10%10%7,044,636
Bosnia And Herzegovina10.00%10.00%10%17%3,301,000
Macau12.00%0.00%12%0%640,445
Marshall Islands12.00%0.00%N/A4% (highest rate); 2% (lowest rate)58,791
Uzbekistan12.00%12.00%12% (standard rate); 20% (banks and mobile communication operators)20% (highest rate); 0% (lowest rate)32,981,716
Montenegro12.65%9.00%9%11%627,987
Tajikistan13.00%5.00%13%; 25% (non-residents)18%9,321,018
Jordan14.00%0.00%20%16%10,101,694
Sri Lanka15.00%0.00%30% (highest rate); 15% (lowest rate)12% (standard rate); 8% or 0% (reduced rates)21,323,733
Palestine15.00%5.00%15%14.5%4,981,420
Hong Kong15.00%0.00%16.5% (on profits over HK$2 million); 8.25% (on profits not over HK$2 million)0%7,436,154
Hungary15.00%15.00%9%27% (standard rate); 5% (milk, egg, pork, chicken meat, internet service, restaurant services, medicines and books)9,684,679
Kazakhstan15.00%10.00%20%12%18,551,427
Maldives15.00%0.00%15% (highest rate); 8% (lowest rate)6%530,953
Mauritius15.00%15.00%15%15%1,269,668
Seychelles15.00%15.00%40% (highest rate); 33% (lowest rate)15%97,739
Syria15.00%5.00%22%N/A17,070,135
Yemen15.00%10.00%20%2%29,161,922
Belarus17.00%13.00%18%20% (standard rate); 10% (reduced rate)9,452,411
Angola17.00%0.00%30%10%31,825,295
Ukraine18.00%18.00%18%20% (standard rate); 7% or 0% (reduced rates)43,993,638
Macedonia18.00%10.00%10%18% (standard rate); 5% (reduced rate)2,083,459
Cambodia20.00%0.00%20%10%16,486,542
Estonia20.00%20.00%0%; (20% on dividends)20% (standard rate); 9% (reduced rate)1,325,648
Fiji20.00%0.00%20%9%889,953
Georgia20.00%20.00%0% (15% on distribution of profit)18%3,996,765
Afghanistan20.00%0.00%20%0%38,041,754
North Korea20.00%0.00%25%4% (highest rate); 2% (lowest rate)25,666,161
Lebanon20.00%2.00%17%11%6,855,713
Morocco20.00%0.00%31% (highest rate); 10% (lowest rate)20% (standard rate); 14%, 10%, 7% (reduced rates)36,471,769
Isle Of Man20.00%10.00%0%20% (standard rate); 5% (home renovations)84,584
Egypt22.50%0.00%22.5% (on taxable corporate profits); (+ 5% on distribution of profit)14% (standard rate); 0% (exports)100,388,073
Albania23.00%0.00%15%20% (standard rate); 6% (tourism services)2,880,917
Liechtenstein24.00%3.00%12.5%7.7% (standard rate); 2.5% (reduced rate)38,019
Nigeria24.00%7.00%30%5%200,963,599
Costa Rica25.00%0.00%30%13%5,047,561
Dominican Republic25.00%0.00%27%18%10,738,958
Azerbaijan25.00%14.00%20%18%10,047,718
Jamaica25.00%0.00%33.3% (standard rate); 25% (reduced rate for small companies)20% (services)2,948,279
Bangladesh25.00%0.00%35%15%163,046,161
Bhutan25.00%0.00%26%N/A763,092
Bolivia25.00%0.00%29%13%11,513,100
Serbia25.00%10.00%15%20% (standard rate); 8% or 0% (reduced rates)8,772,235
Slovakia25.00%0.00%22%20% (standard rate)5,457,013
Botswana25.00%0.00%22%12%2,303,697
Trinidad And Tobago25.00%0.00%25%12.5%1,394,973
Belize25.00%0.00%N/A12.5%390,353
Burkina Faso25.00%0.00%27.5%18%20,321,378
Falkland Islands26.00%0.00%26%0%3,377
Panama27.00%0.00%25%7% (standard rate); 5% (essential goods)4,246,439
Cape Verde27.50%16.50%25%15%549,935
Brazil27.50%0.00%34%25% (highest rate); 17% (lowest rate)211,049,527
Bulgaria28.00%10.00%10% (+ 5% on distribution of profit)20%7,000,119
Cook Islands30.00%18.50%30% (highest rate); 20% (lowest rate)15%17,548
El Salvador30.00%0.00%30%13%6,453,553
Gambia30.00%0.00%31%N/A2,347,706
Haiti30.00%0.00%30%10%11,263,077
Indonesia30.00%5.00%25%10%270,625,568
Kenya30.00%10.00%30%16% (standard rate); 0% (food)52,573,973
Peru30.00%0.00%30%16% (standard rate) +32,510,453
Tanzania30.00%15.00%30%18%58,005,463
Uruguay30.00%0.00%25%22% (standard rate); 0% (extent)3,461,734
Zambia30.00%10.00%35%16%17,861,030
Pakistan31.00%7.50%31%17% (standard rate);216,565,318
Latvia31.40%20.00%0% (20% on distribution of profit)21%1,906,743
Poland32.00%0.00%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)23% (standard rate); 8% or 5% (reduced rates)37,887,768
Colombia33.00%0.00%33%19% (standard rate); 5% or 0% (reduced rates)50,339,443
Guyana33.00%n/a30%16% (standard rate); 0% (reduced rate)782,766
New Zealand33.00%10.50%28%15%4,783,063
Puerto Rico33.34%0.00%20%11.5%2,933,408
Venezuela34.00%6.00%34%16% (standard rate); 8% (reduced rate)28,515,829
Burundi35.00%0.00%35%18%11,530,580
Algeria35.00%0.00%26% (highest rate); 19% (lowest rate)19% (standard rate); 9% (basic items)43,053,054
Cameroon35.00%10.00%31.5%19.25%25,876,380
Chile35.00%0.00%27%19%18,952,038
Cyprus35.00%0.00%12.5%19% (standard rate); 5% or 0% (reduced rates)1,198,575
Benin35.00%10.00%35%18%11,801,151
Dominica35.00%0.00%25%15%71,808
Ecuador35.00%0.00%25%12% (standard rate); 0% (exports)17,373,662
Gabon35.00%5.00%35%18%2,172,579
Argentina35.00%9.00%35%21%44,780,677
Iran35.00%0.00%25%9% (highest rate); 0% (reduced rate)82,913,906
Malta35.00%0.00%10% (highest rate); (35% pre-rebate)18%440,372
Mexico35.00%1.92%30%16%127,575,529
Norway35.00%0.00%23%25% (standard rate);5,378,857
Philippines35.00%0.00%30%12% (standard rate); 0% (reduced rate)108,116,615
Romania35.00%10.00%16% (or 1% revenue for micro-entities with at least one employee, or 3% for micro-enterprises with no employees)19% (standard rate);19,364,557
Vietnam35.00%5.00%20%10%96,462,106
Thailand35.00%0.00%20%7%69,625,582
Tunisia35.00%0.00%30%18% (standard rate); 12% or 6% (reduced rate)11,694,719
Turkey35.00%15.00%20%18% (standard rate); 1% (certain food items)83,429,615
Moldova36.00%12.00%12%20% (standard rate); 10% (HoReCa)4,043,263
Armenia36.00%24.40%20%20%2,957,731
Namibia37.00%0.00%32%15%2,494,530
Barbados38.00%25.00%5.5% (on profits not over Bds$1 million); 1.0% (over Bds$30 million)17.5% (standard rate); 7.5% (hotel services)287,025
Taiwan40.00%5.00%20%5%23,773,876
Dr Congo40.00%0.00%35%20% (highest rate); 5% (lowest rate)86,790,567
Croatia40.00%12.00%18% (for profits over 3 million kn); 12% (for profits not over 3 million kn)25% (standard rate); 13% (certain groceries)4,130,304
Gibraltar40.00%17.00%10%0%33,701
New Caledonia40.00%0.00%30%N/A282,750
Malaysia40.20%0.00%24% (highest rate); 18% (lowest rate)10% (standard rate for goods)31,949,777
Singapore42.00%0.00%17%7%5,804,337
India42.70%0.00%25.17% (highest); 17.01% (lowest)28%, 18%, 12%, 5%, 0% (varies by commodity)1,366,417,754
Lithuania42.77%31.20%15%21%2,759,627
China45.00%0.00%25%16% (standard rate); 0% (goods and services for export)1,433,783,686
France45.00%0.00%31% (on profits over €500,000; 15% (not over €38,120)20% (standard rate); 2.1% (press)65,129,728
Greece45.00%22.00%28% (+ 28% paid in advance & returned after 1 year + 10% on distribution of profit)24% (standard rate); For some islands away from the mainland the rates are 17%, 9% and 4%, respectively.10,473,455
South Africa45.00%0.00%28%15%58,558,270
Zimbabwe45.00%0.00%25%15% (standard rate); 0% (on selected items)14,645,468
Spain45.00%0.00%25% (in mainland); 4% (in Canary Islands)21% (standard rate);46,736,776
Czech Republic45.70%20.10%19%21% (standard rate); 15% or 10% (reduced rates)10,689,209
Iceland46.00%0.00%20%24% (standard rate); 11% (reduced rate)339,031
Australia47.00%0.00%30% (standard rate); 28.5% (reduced rate)10% (standard rate); 0% (essential items)25,203,198
Italy47.00%23.00%27.9% (24% + 3.9% (municipal))22% (standard rate); 4% (food and books)60,550,075
Russia47.00%13.00%20%20% (standard rate); 0% (house or flat)145,872,256
United Kingdom47.00%0.00%19%20% (standard rate); 0% (life necessities: groceries, water, prescription medications, medical equipment and supplies; public transport; children's clothing; books and periodicals)67,530,172
Germany47.48%14.00%29.65%19% (standard rate); 7% (food)83,517,045
Central African Republic50.00%n/a30%19%4,745,185
Cuba50.00%15.00%30%20% (highest rate); 2.5% (lowest rate)11,333,483
Israel50.00%11.50%23%17% (standard rate); 0% (fruits, vegetables and public transport)8,519,377
Nepal50.00%1.00%30% (higher rate for financial companies); 25% (standard rate); 20% (reduced rate for manufacturing companies)13% (standard rate);28,608,710
Belgium50.00%25.00%29.58%21% (standard rate); 6% (essential and selected goods)11,539,328
San Marino50.00%12.00%17%0% (standard rate); 17% (imported goods)33,860
Senegal50.00%0.00%25%20%16,296,364
Slovenia50.00%16.00%19%22% or 9.5%2,078,654
United States50.00%0.00%21% + 0–12% (state/local)11.725% (highest prevailing marginal state and local sales tax rate); 0% (lowest prevailing marginal rate)329,064,917
Netherlands51.95%36.55%25% (on profits over €250,001); 20% (not over €250,000)21% (standard rate); 9% (essential and selected goods)17,097,130
Ireland52.00%20.00%12.5%23% (goods); 0% (certain items of food)4,882,495
Luxembourg52.45%6.00%29.22%17%615,729
South Korea53.40%7.80%24.2%10%51,225,308
Canada54.00%19.00%38% (highest rate); 12% (lowest rate)15%37,411,047
Finland54.25%7.71%20%24% (standard rate); 10% (medicines and public transport)5,532,156
Austria55.00%0.00%25%20% (standard rate); 10% (basic items)8,955,102
Switzerland55.00%0.00%17.92%7.7% (standard rate); 3.8% or 2.5% (reduced rates)8,591,365
Denmark55.86%39.86%22%25%5,771,876
Japan55.95%15.11%29.74%10%126,860,301
Sweden57.00%32.00%21.4%25% (standard rate); 12% or 6% (reduced rate)10,036,379
Aruba58.95%7.00%25%1.5% (turnover tax)106,314
Portugal59.00%14.50%21%23% (standard rate);10,226,187