Highest Taxed Countries 2019

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