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Snapshot. The highest personal income tax rates in 2021-23 were found in Ivory Coast (60%), Finland (56.95%), and Denmark (56.00%). Bhutan has the highest sales tax at 50%, followed by Hungary (27%), with Croatia, Denmark, Norway, and Sweden tied at 25%.
3% (highest rate) 0% 12%: 4% (highest rate) 2% (lowest rate) Taxation in the Marshall Islands Mauritania: 25% — — — Taxation in Mauritania Mauritius: 15% 0% 20% 15% Taxation in Mauritius Mexico: 30%: 1.92% 35% + reduction of deductions (topes) 16% Taxation in Mexico Moldova: 12% 12%: 12% (+ 24% for social security) 20% (standard rate)
CountryCorporate Tax (excl. Dividend Taxes)Individual Income Tax ...(lowest Marginal Rate)Individual Income Tax ...(highest Marginal Rate)20% [2]0% [3]20% [3]15% [6]0% [7]23% [7]26% (highest rate) 19% (lowest rate) [9]0% [10]35% [10]34% [6]4% [12] [13]6% [13]- Ivory C oast. People living in Ivory Coast are giving away a whopping 60% of their income to the government, and that doesn’t have to be the case. The long-troubled west African country Ivory Coast has the highest income tax rate in the world.
- F inland. Finland has the highest taxes in Europe and the second highest taxes in the world. The rates are so high that this small home of just 5.5 million people earns a place in this list of highest tax countries, courtesy of its top marginal tax rate of 56.95%.
- Japan. Japan is the third-largest national economy in the world, after the United States and China in terms of nominal GDP. In terms of purchasing power parity, it is the fourth-largest national economy in the world, after the United States, China, and India.
- D enmark. Denmark has a developed economy that ranks 9th in the world in terms of GDP per capita and 6th in nominal GDP per capita. The Danish welfare state is, among other things, based on the concept that citizens should have equal access to the different services paid for by taxes.
In 2019, the highest income earners in Sweden pay a whopping 57.19 percent, more than anywhere else in the world. This is significantly more than the OECD average of 41.65 percent. In general, income taxes are higher in the Nordic countries. The highest taxes being in Denmark, Finland, and Iceland with respectively, 55.89, 53.75 and 46.24 percent.
May 10, 2024 · Denmark has some of the highest taxes in the world on both single and married taxpayers, as do Belgium and Lithuania. and the other top two countries in each of the two categories are in Europe...
Dec 26, 2023 · INTU. CBZ. In this article, we will look at 20 countries with highest income tax rates in the world. If you want to skip our detailed analysis, head straight to 5 Countries with Highest...
Apr 30, 2024 · Here is a breakdown of the top ten highest-taxed countries worldwide with some of the highest individual income tax rates and high taxes on corporate income. The list has been compiled in ascending order from the lowest individual income tax to the highest individual income tax.
