Highest Taxed Countries 2026
Denmark
Guatemala
Countries Ranked by Tax Rate
Country | Personal Income Tax 2026↓ | Sales Tax 2026 | Corporate Tax 2026 | |
|---|---|---|---|---|
 | Denmark | 60.5% | 25% | 22% |
 | Japan | 55.95% | 10% | 31.52% |
 | Austria | 55% | 20% | 23% |
 | Sweden | 52% | 25% | 20.6% |
 | Finland | 52% | 25.5% | 20% |
 | Aruba | 52% | 4% | 22% |
 | Belgium | 50% | 21% | 25% |
 | Israel | 50% | 18% | 23% |
 | Slovenia | 50% | 22% | 22% |
 | Netherlands | 49.5% | 21% | 25.8% |
 | Portugal | 48% | 23% | 19% |
 | Spain | 47% | 21% | 25% |
 | Iceland | 46.29% | 24% | 20% |
 | China | 45% | 13% | 25% |
 | Germany | 45% | 19% | 30% |
 | United Kingdom | 45% | 20% | 25% |
 | France | 45% | 20% | 25% |
 | South Africa | 45% | 15% | 27% |
 | South Korea | 45% | 10% | 25% |
 | Australia | 45% | 10% | 30% |
 | Greece | 44% | 24% | 22% |
 | Italy | 43% | 22% | 24% |
 | Senegal | 43% | 18% | 30% |
 | Papua New Guinea | 42% | 10% | 30% |
 | Luxembourg | 42% | 17% | 23.87% |
 | Zimbabwe | 41.2% | 15.5% | 25.75% |
 | DR Congo | 40% | 18.9% | 30% |
 | Turkey | 40% | 20% | 25% |
 | Uganda | 40% | 18% | 30% |
 | Taiwan | 40% | 5% | 20% |
 | Malawi | 40% | 16.5% | 30% |
 | Chile | 40% | 19% | 27% |
 | Tunisia | 40% | 19% | 20% |
 | Switzerland | 40% | 8.1% | 14.4% |
 | Republic of the Congo | 40% | 16% | 28% |
 | Mauritania | 40% | 16% | 25% |
 | Ireland | 40% | 23% | 12.5% |
 | Norway | 39.8% | 25% | 22% |
 | India | 39% | 18% | 34.94% |
 | Colombia | 39% | 19% | 35% |
 | New Zealand | 39% | 15% | 28% |
 | Cameroon | 38.5% | 19.25% | 26.5% |
 | Morocco | 38% | 20% | 35% |
 | Suriname | 38% | 10% | 36% |
 | United States | 37% | 21% | |
 | Zambia | 37% | 16% | 30% |
 | Namibia | 37% | 15% | 28% |
 | Uruguay | 36% | 22% | 25% |
 | Latvia | 36% | 21% | 20% |
 | Indonesia | 35% | 12% | 22% |
 | Pakistan | 35% | 18% | 29% |
 | Ethiopia | 35% | 15% | 30% |
 | Mexico | 35% | 16% | 30% |
 | Philippines | 35% | 12% | 25% |
 | Vietnam | 35% | 8% | 20% |
 | Thailand | 35% | 7% | 20% |
 | Kenya | 35% | 16% | 30% |
 | Algeria | 35% | 19% | 26% |
 | Argentina | 35% | 21% | 35% |
 | Ghana | 35% | 15% | 25% |
 | Slovakia | 35% | 23% | 24% |
 | Gambia | 35% | 15% | 27% |
 | Gabon | 35% | 18% | 30% |
 | Cyprus | 35% | 19% | 12.5% |
 | Malta | 35% | 18% | 35% |
 | Venezuela | 34% | 16% | 34% |
 | Canada | 33% | 5% | |
 | Puerto Rico | 33% | 37.5% | |
 | Eswatini | 33% | 15% | 25% |
 | Poland | 32% | 23% | 19% |
 | Mozambique | 32% | 16% | 32% |
 | Lithuania | 32% | 21% | 17% |
 | Bangladesh | 30% | 15% | 27.5% |
 | Tanzania | 30% | 18% | 30% |
 | Malaysia | 30% | 10% | 24% |
 | Peru | 30% | 18% | 29.5% |
 | Chad | 30% | 18% | 35% |
 | Ecuador | 30% | 13% | 30% |
 | Rwanda | 30% | 18% | 28% |
 | Jordan | 30% | 16% | 20% |
 | Sierra Leone | 30% | 15% | 30% |
 | Nicaragua | 30% | 15% | 30% |
 | El Salvador | 30% | 13% | 30% |
 | Croatia | 30% | 25% | 18% |
 | Jamaica | 30% | 15% | 25% |
 | Lesotho | 30% | 15% | 25% |
 | Brazil | 27.5% | 17% | 34% |
 | Egypt | 27.5% | 14% | 22.5% |
 | Barbados | 27.5% | 17.5% | 5.5% |
 | Samoa | 27% | 15% | 27% |
 | Myanmar | 25% | 5% | 22% |
 | Angola | 25% | 14% | 25% |
 | Dominican Republic | 25% | 18% | 27% |
 | Honduras | 25% | 15% | 25% |
 | Azerbaijan | 25% | 18% | 20% |
 | Laos | 25% | 10% | 20% |
 | Lebanon | 25% | 11% | 17% |
 | Costa Rica | 25% | 13% | 30% |
 | Panama | 25% | 7% | 25% |
 | Botswana | 25% | 14% | 22% |
 | Equatorial Guinea | 25% | 15% | 25% |
 | Trinidad and Tobago | 25% | 12.5% | 30% |
 | Nigeria | 24% | 7.5% | 30% |
 | Singapore | 24% | 9% | 17% |
 | Czechia | 23% | 21% | 21% |
 | Albania | 23% | 20% | 15% |
 | Liechtenstein | 22.4% | 8.1% | 12.5% |
 | Syria | 22% | 28% | |
 | Estonia | 22% | 24% | 22% |
 | Isle of Man | 21% | 20% | |
 | Afghanistan | 20% | 10% | 20% |
 | Madagascar | 20% | 20% | 20% |
 | Cambodia | 20% | 10% | 33% |
 | Guinea | 20% | 18% | 30% |
 | Georgia | 20% | 18% | 15% |
 | Mongolia | 20% | 10% | 25% |
 | Armenia | 20% | 20% | 18% |
 | Mauritius | 20% | 15% | 15% |
 | Fiji | 20% | 15% | 25% |
 | Ukraine | 18% | 20% | 18% |
 | Sri Lanka | 18% | 18% | 30% |
 | Hong Kong | 16% | 16.5% | |
 | Sudan | 15% | 17% | 35% |
 | Iraq | 15% | 15% | |
 | Hungary | 15% | 27% | 9% |
 | Montenegro | 15% | 21% | 15% |
 | Seychelles | 15% | 15% | 33% |
 | Russia | 13% | 22% | 25% |
 | Bolivia | 13% | 13% | 25% |
 | Belarus | 13% | 20% | 25% |
 | Uzbekistan | 12% | 12% | 15% |
 | Tajikistan | 12% | 14% | |
 | Moldova | 12% | 20% | 12% |
 | Macau | 12% | 12% | |
 | Kazakhstan | 10% | 16% | 20% |
 | Romania | 10% | 19% | 16% |
 | Libya | 10% | 20% | |
 | Bulgaria | 10% | 20% | 10% |
 | Serbia | 10% | 20% | 15% |
 | Bosnia and Herzegovina | 10% | 17% | 10% |
 | North Macedonia | 10% | 18% | 10% |
 | Guatemala | 7% | 12% | 25% |
 | Iran | 10% | ||
 | Saudi Arabia | 15% | 20% | |
 | Ivory Coast | 18% | 25% | |
 | Nepal | 13% | ||
 | Niger | 19% | ||
 | North Korea | 15% | ||
 | Mali | 18% | ||
 | Burkina Faso | 18% | 27.5% | |
 | Somalia | 10% | ||
 | Benin | 18% | 30% | |
 | Burundi | 18% | 20% | |
 | Haiti | 10% | ||
 | United Arab Emirates | 5% | 9% | |
 | Cuba | 10% | ||
 | Togo | 18% | ||
 | Turkmenistan | 15% | ||
 | Kyrgyzstan | 12% | ||
 | Paraguay | 10% | 10% | |
 | Central African Republic | 19% | ||
 | Oman | 5% | 15% | |
 | Kuwait | 15% | ||
 | Eritrea | 5% | ||
 | Qatar | 10% | ||
 | Bahrain | 10% | ||
 | Djibouti | 10% | ||
 | Comoros | 10% | ||
 | Solomon Islands | 10% | 30% | |
 | Guyana | 14% | ||
 | Bhutan | 50% | ||
 | Maldives | 15% | ||
 | Cape Verde | 15% | ||
 | Brunei | 18.5% | ||
 | Belize | 12.5% | ||
 | Bahamas | 10% | ||
 | Vanuatu | 15% | ||
 | Guam | 2% | 21% | |
 | Micronesia | 5% | 21% | |
 | Tonga | 15% | 25% | |
 | Antigua and Barbuda | 7% | ||
 | Andorra | 4.5% | ||
 | Dominica | 15% | ||
 | Monaco | 20% |
- Tax rates are parsed during the designated year, but the specific day may vary from year to year.
- All tax rates shown are averages. In many countries, income taxes vary according to one’s specific income, and sales taxes often vary by geographical location (state, municipality, etc.) and by the type of goods/services purchased.
Key Findings
What Country Has the Highest Taxes?
Denmark has the highest personal income tax rate at 60.5%. The three countries with the highest tax rates are Denmark (60.5%), Japan (55.95%), and Austria (55%).
Countries with the highest taxes typically fund extensive public services, including universal healthcare, education systems, pensions, and broad social safety nets.
Countries with Lowest Taxes
Of the countries that charge personal income tax, Guatemala has the lowest rate at 7%. The three countries with the lowest personal income tax rates are Bosnia and Herzegovina (10%), North Macedonia (10%), and Guatemala (7%).
Several countries impose no personal income tax at all, often relying on revenue from natural resources, sovereign wealth funds, tourism, consumption taxes, or smaller government spending obligations.
Tax Rates by Country
Tax systems vary widely around the world and often combine personal income taxes, corporate taxes, and sales taxes or value-added taxes (VAT).
The rankings on this page are based on each country's top personal income tax rate, providing a standardized way to compare how heavily individual earnings are taxed across jurisdictions.
Tax Havens
A tax haven is a jurisdiction that offers low tax rates, limited tax burdens, or other favorable financial policies designed to attract individuals and businesses.
Some tax havens generate government revenue through fees, licensing, tourism, financial services, or natural resources rather than relying heavily on traditional income taxes. See our related ranking on tax haven countries for more information.
Tax Rate Comparison
Compare Personal Income Tax Rates
Personal income tax rates vary dramatically around the world, ranging from relatively low flat-tax systems to highly progressive tax structures that exceed 50% for top earners. The United States falls below many Western European countries but above numerous low-tax jurisdictions.
Definitions & Methodology
What Is Sales Tax / VAT?
- Sales taxes and value-added taxes (VAT) are consumption taxes paid when goods and services are purchased rather than when income is earned.
- VAT systems are especially common outside the United States and are often a major source of government revenue.
- Sales tax rates vary significantly worldwide, ranging from very low rates in some jurisdictions to among the world's highest rates in places such as Hungary, which currently has a 27% VAT rate.
Sources
- List of Countries by Corporate Tax Rate - Trading Economics
- List of Countries by Personal Income Tax Rate - Trading Economics
- List of Countries by Sales Tax Rate - Trading Economics
- Corporate Tax Rates Around the World - Tax Foundation
- Individual Income Tax Rates Table - KPMG
- Corporate Tax Rates Table - KPMG
- Countries With the Highest Single and Family Income Tax Rates - Investopedia
- Countries by Tax Rates - Wiki
