Taxes
Highest Taxed Countries 2026
Finland 57.65%
Highest
Guatemala 7%
Lowest The lowest personal income tax rate among countries that levy one. Several countries impose no personal income tax at all.
Countries Ranked by Tax Rate
Country | Personal Income Tax 2025↓ | Sales Tax 2025 | Corporate Tax 2025 | |
|---|---|---|---|---|
 | Finland | 57.65% | 25.5% | 20% |
 | Japan | 55.95% | 10% | 30.62% |
 | Denmark | 55.9% | 25% | 22% |
 | Austria | 55% | 20% | 23% |
 | Sweden | 52% | 25% | 20.6% |
 | Aruba | 52% | 4% | 22% |
 | Belgium | 50% | 21% | 25% |
 | Israel | 50% | 17% | 23% |
 | Slovenia | 50% | 22% | 22% |
 | Netherlands | 49.5% | 21% | 25.8% |
 | Portugal | 48% | 23% | 21% |
 | Norway | 47.4% | 25% | 22% |
 | Spain | 47% | 21% | 25% |
 | Iceland | 46.28% | 24% | 21% |
 | 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% | 24% |
 | 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% | 24.72% |
 | DR Congo | 40% | 16% | 30% |
 | Turkey | 40% | 20% | 25% |
 | Uganda | 40% | 18% | 30% |
 | Taiwan | 40% | 5% | 20% |
 | Chile | 40% | 19% | 27% |
 | Guinea | 40% | 18% | 30% |
 | Republic of the Congo | 40% | 18.9% | 28% |
 | Mauritania | 40% | 16% | 25% |
 | Ireland | 40% | 23% | 12.5% |
 | India | 39% | 18% | 34.94% |
 | Colombia | 39% | 19% | 35% |
 | New Zealand | 39% | 15% | 28% |
 | Cameroon | 38.5% | 19.25% | 33% |
 | Morocco | 38% | 20% | 33% |
 | Suriname | 38% | 10% | 36% |
 | United States | 37% | 21% | |
 | Zambia | 37% | 16% | 30% |
 | Ecuador | 37% | 15% | 25% |
 | Namibia | 37% | 15% | 31% |
 | Uruguay | 36% | 22% | 25% |
 | Indonesia | 35% | 12% | 22% |
 | Pakistan | 35% | 18% | 29% |
 | Ethiopia | 35% | 15% | 30% |
 | Mexico | 35% | 16% | 30% |
 | Philippines | 35% | 12% | 25% |
 | Vietnam | 35% | 10% | 20% |
 | Thailand | 35% | 7% | 20% |
 | Algeria | 35% | 19% | 26% |
 | Argentina | 35% | 17% | 35% |
 | Malawi | 35% | 16.5% | 30% |
 | Tunisia | 35% | 19% | 15% |
 | Gabon | 35% | 18% | 30% |
 | Equatorial Guinea | 35% | 15% | 35% |
 | Cyprus | 35% | 19% | 12.5% |
 | Malta | 35% | 18% | 35% |
 | Venezuela | 34% | 16% | 34% |
 | Canada | 33% | 5% | 26.5% |
 | Switzerland | 33% | 8.1% | 14.6% |
 | Puerto Rico | 33% | 37.5% | |
 | Latvia | 33% | 21% | 20% |
 | Eswatini | 33% | ||
 | Poland | 32% | 23% | 19% |
 | Mozambique | 32% | 16% | 32% |
 | Tanzania | 30% | 18% | 30% |
 | Kenya | 30% | 16% | 30% |
 | Malaysia | 30% | 10% | 24% |
 | Ghana | 30% | 15% | 25% |
 | Peru | 30% | 18% | 29.5% |
 | Chad | 30% | 18% | 35% |
 | Rwanda | 30% | 18% | 28% |
 | Jordan | 30% | 18% | 20% |
 | Nicaragua | 30% | 15% | 30% |
 | El Salvador | 30% | 13% | 30% |
 | Croatia | 30% | 25% | 18% |
 | Jamaica | 30% | 15% | 25% |
 | Lesotho | 30% | 15% | 25% |
 | Barbados | 28.5% | 17.5% | 5.5% |
 | Brazil | 27.5% | 17% | 34% |
 | Egypt | 27.5% | 14% | 22.5% |
 | Samoa | 27% | 15% | 27% |
 | Bangladesh | 25% | 15% | 27.5% |
 | 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% |
 | Slovakia | 25% | 20% | 24% |
 | Costa Rica | 25% | 13% | 30% |
 | Panama | 25% | 7% | 25% |
 | Gambia | 25% | 15% | 27% |
 | Botswana | 25% | 14% | 22% |
 | 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% | |
 | Afghanistan | 20% | 10% | 20% |
 | Madagascar | 20% | 20% | 20% |
 | Cambodia | 20% | 10% | 20% |
 | Georgia | 20% | 18% | 15% |
 | Mongolia | 20% | 10% | 25% |
 | Armenia | 20% | 21% | 18% |
 | Lithuania | 20% | 21% | 16% |
 | Estonia | 20% | 22% | 20% |
 | Mauritius | 20% | 15% | 15% |
 | Fiji | 20% | 15% | 25% |
 | Isle of Man | 20% | 20% | |
 | Ukraine | 18% | 20% | 15% |
 | Sri Lanka | 18% | 18% | 30% |
 | Sudan | 15% | 17% | 35% |
 | Iraq | 15% | 15% | |
 | Hungary | 15% | 27% | 9% |
 | Sierra Leone | 15% | 15% | 25% |
 | Hong Kong | 15% | 16.5% | |
 | Montenegro | 15% | 21% | 15% |
 | Seychelles | 15% | 15% | 33% |
 | Russia | 13% | 20% | 25% |
 | Bolivia | 13% | 13% | 25% |
 | Belarus | 13% | 20% | 20% |
 | Uzbekistan | 12% | 12% | 15% |
 | Tajikistan | 12% | 14% | |
 | Moldova | 12% | 20% | 12% |
 | Macau | 12% | 12% | |
 | Kazakhstan | 10% | 12% | 20% |
 | Romania | 10% | 19% | 16% |
 | Libya | 10% | 24% | |
 | Bulgaria | 10% | 20% | 10% |
 | Serbia | 10% | 20% | 15% |
 | Bosnia and Herzegovina | 10% | 17% | 10% |
 | Guatemala | 7% | 15% | 25% |
 | Iran | 9% | ||
 | Saudi Arabia | 15% | 20% | |
 | Ivory Coast | 18% | 25% | |
 | Nepal | 13% | ||
 | Niger | 19% | ||
 | Mali | 18% | ||
 | Burkina Faso | 18% | 27.5% | |
 | Somalia | 5% | ||
 | Benin | 18% | 30% | |
 | Burundi | 18% | ||
 | Haiti | 10% | ||
 | United Arab Emirates | 5% | 9% | |
 | Kyrgyzstan | 12% | ||
 | Oman | 5% | 15% | |
 | Kuwait | 15% | ||
 | Qatar | 10% | ||
 | Bahrain | 10% | ||
 | Solomon Islands | 10% | 30% | |
 | Guyana | 14% | ||
 | Bhutan | 50% | ||
 | Cape Verde | 15% | ||
 | Brunei | 18.5% | ||
 | Belize | 12.5% | ||
 | Bahamas | 12% | ||
 | Saint Lucia | 15% | ||
 | Micronesia | 5% | 21% |
Key Findings
What Country Has the Highest Taxes?
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Finland has the highest personal income tax rate at 57.65%. The three countries with the highest tax rates are Finland (57.65%), Japan (55.95%), and Denmark (55.9%).
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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 Serbia (10%), Bosnia and Herzegovina (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).
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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
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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 Income Tax? Income tax is a tax levied on individual earnings, including wages, salaries, business income, and investment income. Most countries use progressive tax systems in which higher levels of income are taxed at higher rates, meaning the top rate shown in these rankings may apply only to a portion of an individual's income.
Corporate Tax vs. Personal Income Tax Personal income tax applies to individuals, while corporate tax applies to business profits. Some countries maintain high personal income tax rates but relatively low corporate tax rates to encourage investment, while others take the opposite approach.
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.
Last Updated: June 16, 2026
Related Pages
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
