Highest Taxed Countries

Map

Table

Table of Contents
Interactive MapIntroductionTax Rates by CountryHigh Income Tax CountriesHighest Taxed Countries in the WorldHighest Taxed Country in the WorldTax Burden by CountryAfghanistanAlbaniaAlgeriaAngolaArgentinaArmeniaAustraliaAustriaAzerbaijanBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBhutanBoliviaBosnia and HerzegovinaBotswanaBrazilBruneiBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCentral African RepublicChadChileColombiaComorosCosta RicaCroatiaCubaCyprusCzech RepublicDemocratic Republic of the CongoDenmarkDjiboutiDominicaDominican RepublicEast TimorEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEswatiniEthiopiaFederated States of MicronesiaFijiFinlandFranceGabonGeorgiaGermanyGhanaGreeceGuatemalaGuineaGuinea-BissauGuyanaHaitiHondurasHungaryIcelandIndiaIndonesiaIranIraqIrelandIsraelItalyIvory CoastJamaicaJapanJordanKazakhstanKenyaKosovoKuwaitKyrgyzstanLaosLatviaLebanonLesothoLiberiaLithuaniaLuxembourgMadagascarMalawiMalaysiaMaldivesMaliMaltaMauritaniaMauritiusMexicoMoldovaMongoliaMontenegroMoroccoMozambiqueNamibiaNepalNetherlandsNew ZealandNicaraguaNigerNigeriaNorwayOmanPakistanPanamaPapua New GuineaParaguayPeople's Republic of ChinaPeruPhilippinesPolandPortugalQatarRepublic of MacedoniaRepublic of the CongoRomaniaRussiaRwandaSaint LuciaSaint Vincent and the GrenadinesSão Tomé and PríncipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSlovakiaSloveniaSolomon IslandsSouth AfricaSouth KoreaSpainSri LankaSudanSurinameSwedenSwitzerlandTajikistanTanzaniaThailandThe BahamasThe GambiaTogoTrinidad and TobagoTunisiaTurkeyTurkmenistanUgandaUkraineUnited Arab EmiratesUnited KingdomUnited States of AmericaUruguayUzbekistanVanuatuVenezuelaVietnamZambiaZimbabweFAQsWhat is the most taxed country in the world?What is the least taxed country in the world?What are the countries with the highest taxes?

Introduction

Taxation systems around the world are incredibly diverse, with different countries having different structures for taxation. The taxes paid by individuals and businesses vary greatly from country to country, ranging from extremely low levels of taxation to very high levels. For example, in some countries there is no personal income tax at all, while in others it can be as high as 50%. Even within a single country, taxes may vary significantly depending on the type of goods and services being purchased. Moreover, many countries have progressive taxation systems in place, where people with higher incomes pay a greater proportion of their earnings in taxes than those with lower incomes. Furthermore, corporations located in certain jurisdictions may be subject to corporate tax rates that are much lower than those applicable to other companies operating in different jurisdictions.

Tax Rates by Country

#CountryTax BurdenCorporate Tax RateIncome Tax Rate
1Denmark46.34%22%56%
2France45.4%28.41%45%
3Belgium42.92%25%50%
4Sweden42.91%20.6%57%
5Italy42.45%27.81%43%
6Austria42.44%25%55%
7Finland42.19%20%31%
8Cuba42%35%50%
9Norway39.93%22%48%
10Netherlands39.33%25%52%
11Luxembourg39.22%24.94%42%
12Germany38.81%29.9%48%
13Greece38.71%24%44%
14Montenegro38.1%9%9%
15Slovenia37.65%19%50%
16Federated States of Micronesia37.26%30%10%
17Algeria37.2%26%35%
18Iceland36.08%20%32%
19Hungary35.77%9%15%
20Poland35.38%19%32%
21Czech Republic34.93%19%23%
22Portugal34.84%31.5%48%
23Slovakia34.74%21%25%
24Spain34.65%25%47%
25Canada33.45%26.47%33%
26Barbados33.1%5.5%29%
27Brazil33.1%34%28%
28Estonia33.07%20%20%
29United Kingdom32.7%19%45%
30Belize32.4%25%25%
31Seychelles32.4%33%15%
32New Zealand32.31%28%33%
33Tunisia32.1%15%35%
34Japan32.03%29.74%41%
35Dominica31.5%25%35%
36Latvia31.2%20%31%
37Eritrea30.5%30%30%
38Israel30.47%23%50%
39Lithuania30.34%15%20%
40South Africa29.1%28%45%
41Uruguay29%25%36%
42Australia28.68%30%45%
43Argentina28.6%35%35%
44Jamaica28.6%25%30%
45Switzerland28.53%19.7%40%
46Morocco27.8%31%38%
47South Korea27.4%27.5%50%
48Mozambique27.1%32%32%
49Nicaragua25.9%30%30%
50Malta25.5%35%35%
51Saint Vincent and the Grenadines25.4%30%30%
52Bolivia24.7%25%13%
53United States of America24.47%25.75%37%
54Cyprus24.2%12.5%35%
55Serbia24.1%15%10%
56Brunei23.96%18.5%0%
57Trinidad and Tobago23.7%30%25%
58Costa Rica23.6%30%25%
59Kosovo23.4%10%
60Guyana23.2%25%33%
61Turkey23.08%20%40%
62Fiji22.7%20%20%
63Ireland22.66%12.5%41%
64Armenia22.51%18%22%
65Georgia22.22%15%20%
66Croatia22.2%18%30%
67Nepal22.07%25%25%
68Honduras21.9%25%25%
69Djibouti21.8%25%30%
70Solomon Islands21.16%30%40%
71Saint Lucia21.1%30%30%
72El Salvador20.8%30%30%
73Chile20.66%15%40%
74Mauritius20.4%15%15%
75Bulgaria20.3%10%10%
76Lesotho20.2%25%35%
77Bosnia and Herzegovina20.1%10%10%
78Ecuador20.1%25%35%
79Colombia19.68%31%39%
80Uzbekistan19.56%7.5%22%
81Namibia19.4%32%37%
82Togo19.4%27%45%
83Ukraine19.2%18%20%
84Mongolia18.71%25%10%
85The Bahamas18.7%0%0%
86Albania18.3%15%23%
87Malawi18.3%30%30%
88Cambodia18.23%20%20%
89Kyrgyzstan17.87%10%10%
90Vanuatu17.84%0%0%
91Maldives17.49%15%0%
92Comoros17.4%50%30%
93Kenya17.4%30%30%
94Moldova17.3%12%12%
95Republic of Macedonia17.2%10%10%
96Eswatini17.2%27.5%33%
97Rwanda17.1%30%30%
98Vietnam16.9%20%35%
99Burkina Faso16.8%28%28%
100Egypt16.7%22.5%23%
101Venezuela16.7%34%34%
102Zambia16.7%35%38%
103Peru16.6%29.5%30%
104Senegal16.5%30%40%
105Mexico16.47%30%35%
106Mauritania16%25%40%
107Thailand15.8%20%35%
108Guinea15.6%35%40%
109Turkmenistan15.56%8%10%
110Suriname15.5%36%38%
111Benin15.4%30%45%
112Bhutan15.4%25%25%
113Lebanon15.3%17%25%
114People's Republic of China15.19%25%45%
115Kazakhstan15.07%20%10%
116Jordan14.8%20%30%
117Qatar14.7%10%0%
118Cameroon14.6%33%35%
119Romania14.6%16%10%
120Sierra Leone14.4%30%15%
121Azerbaijan14.34%20%25%
122Ghana14.1%25%30%
123Mali14.1%30%40%
124Panama14.1%25%25%
125Philippines14%30%35%
126Paraguay13.9%10%10%
127Dominican Republic13.5%27%25%
128Belarus13.3%18%13%
129Chad13.3%35%60%
130Singapore13.2%17%22%
131Guatemala13.1%25%7%
132Ivory Coast13.1%25%36%
133Burundi12.9%30%35%
134Zimbabwe12.6%24.72%52%
135São Tomé and Príncipe12.5%25%20%
136Botswana12.1%22%25%
137Liberia12%25%25%
138Malaysia11.95%24%30%
139Papua New Guinea11.82%30%42%
140Uganda11.8%30%40%
141Tanzania11.7%30%30%
142Gabon11.5%30%35%
143Laos11.44%20%24%
144Madagascar11.4%20%20%
145Pakistan11.38%29%35%
146Niger11.1%30%35%
147Russia11%20%13%
148The Gambia10.8%27%35%
149Guinea-Bissau9.5%25%20%
150Indonesia9.47%22%30%
151Angola9.4%25%25%
152Tajikistan9%23%13%
153Central African Republic8.6%30%50%
154Republic of the Congo8.5%28%30%
155Iran8.4%25%35%
156Sri Lanka8.12%24%18%
157Sudan7.8%35%15%
158Bangladesh7.69%32.5%25%
159Democratic Republic of the Congo7.5%30%40%
160Afghanistan7.47%20%20%
161Haiti7.4%30%30%
162Saudi Arabia7.4%20%3%
163India6.81%30%31%
164Ethiopia6.7%30%35%
165East Timor6.32%10%10%
166Equatorial Guinea6.3%35%35%
167Nigeria6.3%30%24%
168Bahrain3.02%0%0%
169Oman2.6%15%0%
170Iraq1.4%15%15%
171Kuwait1.4%15%0%
172United Arab Emirates1%0%0%

High Income Tax Countries

Europe is home to some of the highest taxes in the world. Sweden, Denmark, France and Belgium for example all have rates that exceed 40%. Some of these countries also levy relatively high value added taxes – up to 21% in certain cases. In addition, certain European countries such as Germany and France are known for their comparatively high corporate taxes. However, it is important to note that not all European nations have such high tax levels; in fact, some countries like Ireland and Cyprus have among the lowest tax rates in Europe at 22.6% and 24.2%, respectively.

In comparison, some Asian countries tend to have more moderate tax rates than those found in Europe. Low-tax jurisdictions can be found throughout Southeast Asia and the Middle East; Qatar has a flat rate of income tax at 0%, while Brunei levies no personal or corporate income taxes at all. By contrast, China imposes a top marginal rate of 45% on incomes over 800,000 yuan (approximately $120K USD), although this number may be reduced by various deductions depending on an individual’s circumstances.

Overall, there are considerable differences between the nations with the highest and lowest taxes around the world; this variance is largely due to each country’s individual economic policies with regards to public expenditure and taxation structures. Although it may appear that Europe generally has high levels of taxation when compared to other parts of the world, there are still many countries which offer significantly lower rates than their neighbors.

Highest Taxed Countries in the World

The ten highest taxed countries in the world are Denmark, France, Belgium, Sweden, Italy, Austria, Finland, Cuba, Norway, and the Netherlands – all of them being European countries, with the exception of Cuba. Denmark has the highest tax burden rate of 46.34%, followed closely by France with 45.4%. Belgium follows in third place with a tax burden of 42.92%, while Sweden and Italy are in fourth and fifth position at a rate of 42.91% and 42.45% respectively. In sixth and seventh places are Austria and Finland, with a tax burden of 42.44% for the former and 42.19% for the latter. Cuba comes in eighth place with a tax burden at 42%, followed by Norway in ninth with a rate of 39.93%. Lastly, the Netherlands rounds out the top ten list of the highest taxed countries with a rate of 39.33%.

The ten most taxed countries in the world are :

1. Denmark – 46.34%
2. France – 45.4%
3. Belgium – 42.92%
4. Sweden – 42.91%
5. Italy – 42.45%
6. Austria – 42.44%
7. Finland – 42.19%
8. Cuba – 42%
9. Norway – 39.93%
10. Netherlands – 39.33%

Highest Taxed Country in the World

Denmark is the highest taxed country in the world, with a tax burden of 46.34%. This is attributed to their expansive welfare system that provides generous benefits to families and individuals, as well as investments in infrastructure and services such as healthcare, education, and public transportation. Danish people pay taxes on their income, consumption and property acquisition, with higher paid citizens paying more taxes due to a progressive taxation system. Furthermore, Denmark also imposes an inheritance tax of up to 15% on estates worth more than €155,000.

In addition to this, Denmark’s corporate tax rate has been steadily increasing over the years, reaching 22% in 2020. As a result of these high taxes, Danish citizens benefit from an extensive social safety net that includes free education from primary school through university level, generous maternity leave and parental leave policies, affordable healthcare options for all citizens and residents of Denmark regardless of income level or citizenship status, and generous pension schemes for retired individuals. The goal behind all these taxes is to create social equality among the population by providing shared access to resources which are seen as necessary for the collective good within society.

Tax Burden by Country

Afghanistan

See less

do_not_disturb_on

Tax Burden

help

7.47%

Ranked in the World

#160

Ranked in the World

#131

Income Tax Rate

help

20%

Ranked in the World

#128

Albania

See more

add_circle

Tax Burden

help

18.3%

Ranked in the World

#86

Ranked in the World

#168

Income Tax Rate

help

23%

Ranked in the World

#121

Algeria

See more

add_circle

Tax Burden

help

37.2%

Ranked in the World

#17

Ranked in the World

#77

Income Tax Rate

help

35%

Ranked in the World

#49

Angola

See more

add_circle

Tax Burden

help

9.4%

Ranked in the World

#151

Ranked in the World

#79

Income Tax Rate

help

25%

Ranked in the World

#104

Argentina

See more

add_circle

Tax Burden

help

28.6%

Ranked in the World

#43

Ranked in the World

#4

Income Tax Rate

help

35%

Ranked in the World

#50

Armenia

See more

add_circle

Tax Burden

help

22.51%

Ranked in the World

#64

Ranked in the World

#158

Income Tax Rate

help

22%

Ranked in the World

#124

Australia

See more

add_circle

Tax Burden

help

28.68%

Ranked in the World

#42

Ranked in the World

#25

Income Tax Rate

help

45%

Ranked in the World

#17

Australia's tax burden of 28.68% places the nation as the forty-second highest-taxed country in the world. This means that Australians are paying a larger share of their wages in taxes compared with other countries. Australia's tax burden includes income taxes, payroll taxes, property taxes, capital gains taxes, and consumption taxes amongst others. These various forms of taxation play an important role in ensuring that public services are funded adequately, but also can lead to a burden on households when total taxation rises too high relative to incomes.

Austria

See more

add_circle

Tax Burden

help

42.44%

Ranked in the World

#6

Ranked in the World

#82

Income Tax Rate

help

55%

Ranked in the World

#4

Azerbaijan

See more

add_circle

Tax Burden

help

14.34%

Ranked in the World

#121

Ranked in the World

#133

Income Tax Rate

help

25%

Ranked in the World

#105

Bahrain

See more

add_circle

Tax Burden

help

3.02%

Ranked in the World

#168

Ranked in the World

#199

Income Tax Rate

help

0%

Ranked in the World

#169

Bangladesh

See more

add_circle

Tax Burden

help

7.69%

Ranked in the World

#158

Ranked in the World

#19

Income Tax Rate

help

25%

Ranked in the World

#106

Barbados

See more

add_circle

Tax Burden

help

33.1%

Ranked in the World

#26

Ranked in the World

#197

Income Tax Rate

help

29%

Ranked in the World

#101

Belarus

See more

add_circle

Tax Burden

help

13.3%

Ranked in the World

#128

Ranked in the World

#159

Income Tax Rate

help

13%

Ranked in the World

#146

Belgium

See more

add_circle

Tax Burden

help

42.92%

Ranked in the World

#3

Ranked in the World

#83

Income Tax Rate

help

50%

Ranked in the World

#7

Belize

See more

add_circle

Tax Burden

help

32.4%

Ranked in the World

#30

Ranked in the World

#84

Income Tax Rate

help

25%

Ranked in the World

#107

Belize is the thirtieth highest-tax country in the world, with a tax burden of 32.40%. The main sources of revenue for Belize are corporate income taxes, individual income taxes, and payroll taxes, which together account for around half of all government revenue. In addition, various indirect taxes such as sales taxes also make up a large share of government income. While this is undoubtedly onerous for taxpayers, it also helps to fund public services and infrastructure projects throughout the country which would not be possible without these revenues.

Benin

See more

add_circle

Tax Burden

help

15.4%

Ranked in the World

#111

Ranked in the World

#26

Income Tax Rate

help

45%

Ranked in the World

#18

Bhutan

See more

add_circle

Tax Burden

help

15.4%

Ranked in the World

#112

Ranked in the World

#85

Income Tax Rate

help

25%

Ranked in the World

#108

Bolivia

See more

add_circle

Tax Burden

help

24.7%

Ranked in the World

#52

Ranked in the World

#86

Income Tax Rate

help

13%

Ranked in the World

#147

Bosnia and Herzegovina

See more

add_circle

Tax Burden

help

20.1%

Ranked in the World

#77

Ranked in the World

#186

Income Tax Rate

help

10%

Ranked in the World

#151

Botswana

See more

add_circle

Tax Burden

help

12.1%

Ranked in the World

#136

Ranked in the World

#122

Income Tax Rate

help

25%

Ranked in the World

#109

Brazil

See more

add_circle

Tax Burden

help

33.1%

Ranked in the World

#27

Ranked in the World

#14

Income Tax Rate

help

28%

Ranked in the World

#102

Brunei

See more

add_circle

Tax Burden

help

23.96%

Ranked in the World

#56

Ranked in the World

#157

Income Tax Rate

help

0%

Ranked in the World

#170

Bulgaria

See more

add_circle

Tax Burden

help

20.3%

Ranked in the World

#75

Ranked in the World

#187

Income Tax Rate

help

10%

Ranked in the World

#152

Burkina Faso

See more

add_circle

Tax Burden

help

16.8%

Ranked in the World

#99

Ranked in the World

#63

Income Tax Rate

help

28%

Ranked in the World

#103

Burundi

See more

add_circle

Tax Burden

help

12.9%

Ranked in the World

#133

Ranked in the World

#27

Income Tax Rate

help

35%

Ranked in the World

#51

Cambodia

See more

add_circle

Tax Burden

help

18.23%

Ranked in the World

#88

Ranked in the World

#134

Income Tax Rate

help

20%

Ranked in the World

#129

Cameroon

See more

add_circle

Tax Burden

help

14.6%

Ranked in the World

#118

Ranked in the World

#16

Income Tax Rate

help

35%

Ranked in the World

#52

Canada

See more

add_circle

Tax Burden

help

33.45%

Ranked in the World

#25

Ranked in the World

#76

Income Tax Rate

help

33%

Ranked in the World

#71

Canada is the twenty-fifth highest-tax country in the world, with a tax burden of 33.45%. The higher-than-average percentage suggests that Canadians pay more taxes than other countries on average, despite relatively lower wages compared to some developed nations. As well, the Canadian government collects taxes from sources including income tax, sales taxes, property taxes, and corporate taxes, contributing to the overall high rate of taxation in the country. Despite this, Canada's commitment to progressive policies and social support initiatives helps ensure that its citizens are provided with quality health care and education services that benefit all members of society.

Central African Republic

See more

add_circle

Tax Burden

help

8.6%

Ranked in the World

#153

Ranked in the World

#28

Income Tax Rate

help

50%

Ranked in the World

#8

Chad

See more

add_circle

Tax Burden

help

13.3%

Ranked in the World

#129

Ranked in the World

#5

Income Tax Rate

help

60%

Ranked in the World

#1

Chile

See more

add_circle

Tax Burden

help

20.66%

Ranked in the World

#73

Ranked in the World

#169

Income Tax Rate

help

40%

Ranked in the World

#30

Chile is the seventy-third highest-tax country in the world, with a tax burden of 20.66%. This means that the government collects about 21% of the country's total economic output in taxes. It is important to note that Chile's tax burden has been gradually increasing in recent years, seeing an increase of corporate tax rates and the inclusion of stricter anti-tax avoidance rules.

Colombia

See more

add_circle

Tax Burden

help

19.68%

Ranked in the World

#79

Ranked in the World

#23

Income Tax Rate

help

39%

Ranked in the World

#41

Comoros

See more

add_circle

Tax Burden

help

17.4%

Ranked in the World

#92

Ranked in the World

#1

Income Tax Rate

help

30%

Ranked in the World

#81

Costa Rica

See more

add_circle

Tax Burden

help

23.6%

Ranked in the World

#58

Ranked in the World

#29

Income Tax Rate

help

25%

Ranked in the World

#110

Croatia

See more

add_circle

Tax Burden

help

22.2%

Ranked in the World

#66

Ranked in the World

#160

Income Tax Rate

help

30%

Ranked in the World

#82

Cuba

See more

add_circle

Tax Burden

help

42%

Ranked in the World

#8

Ranked in the World

#6

Income Tax Rate

help

50%

Ranked in the World

#9

Cyprus

See more

add_circle

Tax Burden

help

24.2%

Ranked in the World

#54

Ranked in the World

#180

Income Tax Rate

help

35%

Ranked in the World

#53

Czech Republic

See more

add_circle

Tax Burden

help

34.93%

Ranked in the World

#21

Ranked in the World

#153

Income Tax Rate

help

23%

Ranked in the World

#122

Democratic Republic of the Congo

See more

add_circle

Tax Burden

help

7.5%

Ranked in the World

#159

Ranked in the World

#30

Income Tax Rate

help

40%

Ranked in the World

#31

Denmark

See more

add_circle

Tax Burden

help

46.34%

Ranked in the World

#1

Ranked in the World

#124

Income Tax Rate

help

56%

Ranked in the World

#3

Denmark is the highest-taxed country in the world with a tax burden of 46.34%. This means that Danish citizens are subject to a much higher proportion of taxes than those in other countries who only pay roughly three-quarters of what Danes do. This can put a considerable strain on individuals, households, and businesses, who must be able to cope with paying more taxes than their international counterparts. Moreover, high taxation can also discourage foreign investment and risk-taking, due to the uncertainties associated with taxes being so high.

Djibouti

See more

add_circle

Tax Burden

help

21.8%

Ranked in the World

#69

Ranked in the World

#87

Income Tax Rate

help

30%

Ranked in the World

#83

Dominica

See more

add_circle

Tax Burden

help

31.5%

Ranked in the World

#35

Ranked in the World

#88

Income Tax Rate

help

35%

Ranked in the World

#54

Dominican Republic

See more

add_circle

Tax Burden

help

13.5%

Ranked in the World

#127

Ranked in the World

#72

Income Tax Rate

help

25%

Ranked in the World

#111

East Timor

See more

add_circle

Tax Burden

help

6.32%

Ranked in the World

#165

Ranked in the World

#188

Income Tax Rate

help

10%

Ranked in the World

#153

Ecuador

See more

add_circle

Tax Burden

help

20.1%

Ranked in the World

#78

Ranked in the World

#89

Income Tax Rate

help

35%

Ranked in the World

#55

Egypt

See more

add_circle

Tax Burden

help

16.7%

Ranked in the World

#100

Ranked in the World

#121

Income Tax Rate

help

23%

Ranked in the World

#123

El Salvador

See more

add_circle

Tax Burden

help

20.8%

Ranked in the World

#72

Ranked in the World

#31

Income Tax Rate

help

30%

Ranked in the World

#84

Equatorial Guinea

See more

add_circle

Tax Burden

help

6.3%

Ranked in the World

#166

Ranked in the World

#7

Income Tax Rate

help

35%

Ranked in the World

#56

Eritrea

See more

add_circle

Tax Burden

help

30.5%

Ranked in the World

#37

Ranked in the World

#32

Income Tax Rate

help

30%

Ranked in the World

#85

Estonia

See more

add_circle

Tax Burden

help

33.07%

Ranked in the World

#28

Ranked in the World

#135

Income Tax Rate

help

20%

Ranked in the World

#130

Eswatini

See more

add_circle

Tax Burden

help

17.2%

Ranked in the World

#95

Ranked in the World

#70

Income Tax Rate

help

33%

Ranked in the World

#72

Ethiopia

See more

add_circle

Tax Burden

help

6.7%

Ranked in the World

#164

Ranked in the World

#33

Income Tax Rate

help

35%

Ranked in the World

#57

Federated States of Micronesia

See more

add_circle

Tax Burden

help

37.26%

Ranked in the World

#16

Ranked in the World

#34

Income Tax Rate

help

10%

Ranked in the World

#154

Fiji

See more

add_circle

Tax Burden

help

22.7%

Ranked in the World

#62

Ranked in the World

#136

Income Tax Rate

help

20%

Ranked in the World

#131

Finland

See more

add_circle

Tax Burden

help

42.19%

Ranked in the World

#7

Ranked in the World

#137

Income Tax Rate

help

31%

Ranked in the World

#78

Finland is the seventh highest-taxed country in the world, with a tax burden of 42.19%. This means that Finnish taxpayers pay an average of 42.19% of their income in taxes. The high tax burden is due to a number of factors, including the high rate of income tax (which is progressive, with a top marginal rate of 31.25%), the high rate of value-added tax (24%), and the high rate of capital gains tax (30%). In addition to these direct taxes, Finnish taxpayers also pay a number of indirect taxes, such as property taxes and fuel taxes.

France

See more

add_circle

Tax Burden

help

45.4%

Ranked in the World

#2

Ranked in the World

#62

Income Tax Rate

help

45%

Ranked in the World

#19

Gabon

See more

add_circle

Tax Burden

help

11.5%

Ranked in the World

#142

Ranked in the World

#35

Income Tax Rate

help

35%

Ranked in the World

#58

Georgia

See more

add_circle

Tax Burden

help

22.22%

Ranked in the World

#65

Ranked in the World

#170

Income Tax Rate

help

20%

Ranked in the World

#132

Germany

See more

add_circle

Tax Burden

help

38.81%

Ranked in the World

#12

Ranked in the World

#58

Income Tax Rate

help

48%

Ranked in the World

#13

Ghana

See more

add_circle

Tax Burden

help

14.1%

Ranked in the World

#122

Ranked in the World

#90

Income Tax Rate

help

30%

Ranked in the World

#86

Greece

See more

add_circle

Tax Burden

help

38.71%

Ranked in the World

#13

Ranked in the World

#115

Income Tax Rate

help

44%

Ranked in the World

#24

Guatemala

See more

add_circle

Tax Burden

help

13.1%

Ranked in the World

#131

Ranked in the World

#91

Income Tax Rate

help

7%

Ranked in the World

#166

Guinea

See more

add_circle

Tax Burden

help

15.6%

Ranked in the World

#108

Ranked in the World

#8

Income Tax Rate

help

40%

Ranked in the World

#32

Guinea-Bissau

See more

add_circle

Tax Burden

help

9.5%

Ranked in the World

#149

Ranked in the World

#92

Income Tax Rate

help

20%

Ranked in the World

#133

Guyana

See more

add_circle

Tax Burden

help

23.2%

Ranked in the World

#60

Ranked in the World

#93

Income Tax Rate

help

33%

Ranked in the World

#73

Haiti

See more

add_circle

Tax Burden

help

7.4%

Ranked in the World

#161

Ranked in the World

#36

Income Tax Rate

help

30%

Ranked in the World

#87

Honduras

See more

add_circle

Tax Burden

help

21.9%

Ranked in the World

#68

Ranked in the World

#94

Income Tax Rate

help

25%

Ranked in the World

#112

Hungary

See more

add_circle

Tax Burden

help

35.77%

Ranked in the World

#19

Ranked in the World

#193

Income Tax Rate

help

15%

Ranked in the World

#139

Iceland

See more

add_circle

Tax Burden

help

36.08%

Ranked in the World

#18

Ranked in the World

#138

Income Tax Rate

help

32%

Ranked in the World

#75

India

See more

add_circle

Tax Burden

help

6.81%

Ranked in the World

#163

Ranked in the World

#37

Income Tax Rate

help

31%

Ranked in the World

#79

Indonesia

See more

add_circle

Tax Burden

help

9.47%

Ranked in the World

#150

Ranked in the World

#125

Income Tax Rate

help

30%

Ranked in the World

#88

Iran

See more

add_circle

Tax Burden

help

8.4%

Ranked in the World

#155

Ranked in the World

#95

Income Tax Rate

help

35%

Ranked in the World

#59

Iraq

See more

add_circle

Tax Burden

help

1.4%

Ranked in the World

#170

Ranked in the World

#171

Income Tax Rate

help

15%

Ranked in the World

#140

Ireland

See more

add_circle

Tax Burden

help

22.66%

Ranked in the World

#63

Ranked in the World

#181

Income Tax Rate

help

41%

Ranked in the World

#28

Israel

See more

add_circle

Tax Burden

help

30.47%

Ranked in the World

#38

Ranked in the World

#119

Income Tax Rate

help

50%

Ranked in the World

#10

Italy

See more

add_circle

Tax Burden

help

42.45%

Ranked in the World

#5

Ranked in the World

#69

Income Tax Rate

help

43%

Ranked in the World

#25

Ivory Coast

See more

add_circle

Tax Burden

help

13.1%

Ranked in the World

#132

Ranked in the World

#96

Income Tax Rate

help

36%

Ranked in the World

#47

Jamaica

See more

add_circle

Tax Burden

help

28.6%

Ranked in the World

#44

Ranked in the World

#97

Income Tax Rate

help

30%

Ranked in the World

#89

Japan

See more

add_circle

Tax Burden

help

32.03%

Ranked in the World

#34

Ranked in the World

#59

Income Tax Rate

help

41%

Ranked in the World

#29

Jordan

See more

add_circle

Tax Burden

help

14.8%

Ranked in the World

#116

Ranked in the World

#139

Income Tax Rate

help

30%

Ranked in the World

#90

Kazakhstan

See more

add_circle

Tax Burden

help

15.07%

Ranked in the World

#115

Ranked in the World

#140

Income Tax Rate

help

10%

Ranked in the World

#155

Kenya

See more

add_circle

Tax Burden

help

17.4%

Ranked in the World

#93

Ranked in the World

#38

Income Tax Rate

help

30%

Ranked in the World

#91

Kosovo

See more

add_circle

Tax Burden

help

23.4%

Ranked in the World

#59

Income Tax Rate

help

10%

Ranked in the World

#156

Kuwait

See more

add_circle

Tax Burden

help

1.4%

Ranked in the World

#171

Ranked in the World

#172

Income Tax Rate

help

0%

Ranked in the World

#171

Kyrgyzstan

See more

add_circle

Tax Burden

help

17.87%

Ranked in the World

#89

Ranked in the World

#189

Income Tax Rate

help

10%

Ranked in the World

#157

Laos

See more

add_circle

Tax Burden

help

11.44%

Ranked in the World

#143

Ranked in the World

#141

Income Tax Rate

help

24%

Ranked in the World

#119

Latvia

See more

add_circle

Tax Burden

help

31.2%

Ranked in the World

#36

Ranked in the World

#142

Income Tax Rate

help

31%

Ranked in the World

#80

Lebanon

See more

add_circle

Tax Burden

help

15.3%

Ranked in the World

#113

Ranked in the World

#163

Income Tax Rate

help

25%

Ranked in the World

#113

Lesotho

See more

add_circle

Tax Burden

help

20.2%

Ranked in the World

#76

Ranked in the World

#98

Income Tax Rate

help

35%

Ranked in the World

#60

Liberia

See more

add_circle

Tax Burden

help

12%

Ranked in the World

#137

Ranked in the World

#99

Income Tax Rate

help

25%

Ranked in the World

#114

Lithuania

See more

add_circle

Tax Burden

help

30.34%

Ranked in the World

#39

Ranked in the World

#173

Income Tax Rate

help

20%

Ranked in the World

#134

Luxembourg

See more

add_circle

Tax Burden

help

39.22%

Ranked in the World

#11

Ranked in the World

#113

Income Tax Rate

help

42%

Ranked in the World

#26

Madagascar

See more

add_circle

Tax Burden

help

11.4%

Ranked in the World

#144

Ranked in the World

#144

Income Tax Rate

help

20%

Ranked in the World

#135

Malawi

See more

add_circle

Tax Burden

help

18.3%

Ranked in the World

#87

Ranked in the World

#39

Income Tax Rate

help

30%

Ranked in the World

#92

Malaysia

See more

add_circle

Tax Burden

help

11.95%

Ranked in the World

#138

Ranked in the World

#116

Income Tax Rate

help

30%

Ranked in the World

#93

Maldives

See more

add_circle

Tax Burden

help

17.49%

Ranked in the World

#91

Ranked in the World

#174

Income Tax Rate

help

0%

Ranked in the World

#172

Mali

See more

add_circle

Tax Burden

help

14.1%

Ranked in the World

#123

Ranked in the World

#40

Income Tax Rate

help

40%

Ranked in the World

#33

Malta

See more

add_circle

Tax Burden

help

25.5%

Ranked in the World

#50

Ranked in the World

#9

Income Tax Rate

help

35%

Ranked in the World

#61

Mauritania

See more

add_circle

Tax Burden

help

16%

Ranked in the World

#106

Ranked in the World

#100

Income Tax Rate

help

40%

Ranked in the World

#34

Mauritius

See more

add_circle

Tax Burden

help

20.4%

Ranked in the World

#74

Ranked in the World

#175

Income Tax Rate

help

15%

Ranked in the World

#141

Mexico

See more

add_circle

Tax Burden

help

16.47%

Ranked in the World

#105

Ranked in the World

#41

Income Tax Rate

help

35%

Ranked in the World

#62

Moldova

See more

add_circle

Tax Burden

help

17.3%

Ranked in the World

#94

Ranked in the World

#184

Income Tax Rate

help

12%

Ranked in the World

#150

Mongolia

See more

add_circle

Tax Burden

help

18.71%

Ranked in the World

#84

Ranked in the World

#101

Income Tax Rate

help

10%

Ranked in the World

#159

Montenegro

See more

add_circle

Tax Burden

help

38.1%

Ranked in the World

#14

Ranked in the World

#194

Income Tax Rate

help

9%

Ranked in the World

#165

Montenegro is the fourteenth highest-taxed country in the world, with a tax burden of 38.10%. Montenegro's taxes are primarily based on personal income taxes, value-added taxes (VAT), corporate income taxes, and excise duties. Furthermore, wages are subject to social security contributions of both employers and employees. The high tax rate in Montenegro has led to some criticism from citizens and businesses who feel that this rate is too high for their situation. Despite this criticism, Montenegro's government has stated that its taxation system is necessary for promoting economic growth and development within the country.

Morocco

See more

add_circle

Tax Burden

help

27.8%

Ranked in the World

#46

Ranked in the World

#24

Income Tax Rate

help

38%

Ranked in the World

#42

Mozambique

See more

add_circle

Tax Burden

help

27.1%

Ranked in the World

#48

Ranked in the World

#20

Income Tax Rate

help

32%

Ranked in the World

#76

Namibia

See more

add_circle

Tax Burden

help

19.4%

Ranked in the World

#81

Ranked in the World

#21

Income Tax Rate

help

37%

Ranked in the World

#45

Nepal

See more

add_circle

Tax Burden

help

22.07%

Ranked in the World

#67

Ranked in the World

#104

Income Tax Rate

help

25%

Ranked in the World

#115

Netherlands

See more

add_circle

Tax Burden

help

39.33%

Ranked in the World

#10

Ranked in the World

#105

Income Tax Rate

help

52%

Ranked in the World

#5

New Zealand

See more

add_circle

Tax Burden

help

32.31%

Ranked in the World

#32

Ranked in the World

#65

Income Tax Rate

help

33%

Ranked in the World

#74

Nicaragua

See more

add_circle

Tax Burden

help

25.9%

Ranked in the World

#49

Ranked in the World

#44

Income Tax Rate

help

30%

Ranked in the World

#94

Niger

See more

add_circle

Tax Burden

help

11.1%

Ranked in the World

#146

Ranked in the World

#45

Income Tax Rate

help

35%

Ranked in the World

#63

Nigeria

See more

add_circle

Tax Burden

help

6.3%

Ranked in the World

#167

Ranked in the World

#46

Income Tax Rate

help

24%

Ranked in the World

#120

Norway

See more

add_circle

Tax Burden

help

39.93%

Ranked in the World

#9

Ranked in the World

#126

Income Tax Rate

help

48%

Ranked in the World

#14

Norway is the ninth highest-taxed country in the world, with a tax burden of 39.93%. Norway has some of the highest public expenditures compared to other nations. This mainly comes from its progressive tax system with higher rates for higher earners and generous social welfare programs that are funded by taxation. Norway's top personal income tax rate stands at 47%, while corporation taxes range from 23% to 25%. The government also levies value-added tax (VAT) on most goods and services at a flat rate of 25%. Additionally, there are property taxes, payroll taxes, wealth taxes, and inheritance taxes which further contribute to the country's overall taxation burden.

Oman

See more

add_circle

Tax Burden

help

2.6%

Ranked in the World

#169

Ranked in the World

#176

Income Tax Rate

help

0%

Ranked in the World

#173

Pakistan

See more

add_circle

Tax Burden

help

11.38%

Ranked in the World

#145

Ranked in the World

#61

Income Tax Rate

help

35%

Ranked in the World

#64

Pakistan is not a high-taxed country. With a tax burden of 11.38%, the country is ranked one-hundred and forty-fifth in the world. Taxation in Pakistan is composed of multiple levies, including personal income taxes, corporate taxes, and indirect taxes such as sales tax, excise duty, and customs duty. These taxes have traditionally been used to finance public projects such as infrastructure development, healthcare initiatives, and education programs. Despite this tax burden, resources continue to be scarce due to inadequate capacity and poor governance structures which lead to corruption and wastefulness.

Panama

See more

add_circle

Tax Burden

help

14.1%

Ranked in the World

#124

Ranked in the World

#106

Income Tax Rate

help

25%

Ranked in the World

#116

Papua New Guinea

See more

add_circle

Tax Burden

help

11.82%

Ranked in the World

#139

Ranked in the World

#47

Income Tax Rate

help

42%

Ranked in the World

#27

Paraguay

See more

add_circle

Tax Burden

help

13.9%

Ranked in the World

#126

Ranked in the World

#190

Income Tax Rate

help

10%

Ranked in the World

#160

People's Republic of China

See more

add_circle

Tax Burden

help

15.19%

Ranked in the World

#114

Ranked in the World

#107

Income Tax Rate

help

45%

Ranked in the World

#20

Peru

See more

add_circle

Tax Burden

help

16.6%

Ranked in the World

#103

Ranked in the World

#60

Income Tax Rate

help

30%

Ranked in the World

#95

Philippines

See more

add_circle

Tax Burden

help

14%

Ranked in the World

#125

Ranked in the World

#48

Income Tax Rate

help

35%

Ranked in the World

#65

Poland

See more

add_circle

Tax Burden

help

35.38%

Ranked in the World

#20

Ranked in the World

#154

Income Tax Rate

help

32%

Ranked in the World

#77

Portugal

See more

add_circle

Tax Burden

help

34.84%

Ranked in the World

#22

Ranked in the World

#22

Income Tax Rate

help

48%

Ranked in the World

#15

Qatar

See more

add_circle

Tax Burden

help

14.7%

Ranked in the World

#117

Ranked in the World

#191

Income Tax Rate

help

0%

Ranked in the World

#174

Republic of Macedonia

See more

add_circle

Tax Burden

help

17.2%

Ranked in the World

#96

Ranked in the World

#192

Income Tax Rate

help

10%

Ranked in the World

#161

Republic of the Congo

See more

add_circle

Tax Burden

help

8.5%

Ranked in the World

#154

Ranked in the World

#66

Income Tax Rate

help

30%

Ranked in the World

#96

Romania

See more

add_circle

Tax Burden

help

14.6%

Ranked in the World

#119

Ranked in the World

#167

Income Tax Rate

help

10%

Ranked in the World

#162

Russia

See more

add_circle

Tax Burden

help

11%

Ranked in the World

#147

Ranked in the World

#145

Income Tax Rate

help

13%

Ranked in the World

#148

Rwanda

See more

add_circle

Tax Burden

help

17.1%

Ranked in the World

#97

Ranked in the World

#49

Income Tax Rate

help

30%

Ranked in the World

#97

Saint Lucia

See more

add_circle

Tax Burden

help

21.1%

Ranked in the World

#71

Ranked in the World

#50

Income Tax Rate

help

30%

Ranked in the World

#98

Saint Vincent and the Grenadines

See more

add_circle

Tax Burden

help

25.4%

Ranked in the World

#51

Ranked in the World

#51

Income Tax Rate

help

30%

Ranked in the World

#99

São Tomé and Príncipe

See more

add_circle

Tax Burden

help

12.5%

Ranked in the World

#135

Ranked in the World

#109

Income Tax Rate

help

20%

Ranked in the World

#136

Saudi Arabia

See more

add_circle

Tax Burden

help

7.4%

Ranked in the World

#162

Ranked in the World

#146

Income Tax Rate

help

3%

Ranked in the World

#168

Senegal

See more

add_circle

Tax Burden

help

16.5%

Ranked in the World

#104

Ranked in the World

#52

Income Tax Rate

help

40%

Ranked in the World

#35

Serbia

See more

add_circle

Tax Burden

help

24.1%

Ranked in the World

#55

Ranked in the World

#178

Income Tax Rate

help

10%

Ranked in the World

#163

Seychelles

See more

add_circle

Tax Burden

help

32.4%

Ranked in the World

#31

Ranked in the World

#18

Income Tax Rate

help

15%

Ranked in the World

#142

Sierra Leone

See more

add_circle

Tax Burden

help

14.4%

Ranked in the World

#120

Ranked in the World

#53

Income Tax Rate

help

15%

Ranked in the World

#143

Singapore

See more

add_circle

Tax Burden

help

13.2%

Ranked in the World

#130

Ranked in the World

#165

Income Tax Rate

help

22%

Ranked in the World

#125

Slovakia

See more

add_circle

Tax Burden

help

34.74%

Ranked in the World

#23

Ranked in the World

#129

Income Tax Rate

help

25%

Ranked in the World

#117

Slovenia

See more

add_circle

Tax Burden

help

37.65%

Ranked in the World

#15

Ranked in the World

#155

Income Tax Rate

help

50%

Ranked in the World

#11

Solomon Islands

See more

add_circle

Tax Burden

help

21.16%

Ranked in the World

#70

Ranked in the World

#54

Income Tax Rate

help

40%

Ranked in the World

#36

South Africa

See more

add_circle

Tax Burden

help

29.1%

Ranked in the World

#40

Ranked in the World

#67

Income Tax Rate

help

45%

Ranked in the World

#21

South Korea

See more

add_circle

Tax Burden

help

27.4%

Ranked in the World

#47

Ranked in the World

#71

Income Tax Rate

help

50%

Ranked in the World

#12

Spain

See more

add_circle

Tax Burden

help

34.65%

Ranked in the World

#24

Ranked in the World

#111

Income Tax Rate

help

47%

Ranked in the World

#16

Sri Lanka

See more

add_circle

Tax Burden

help

8.12%

Ranked in the World

#156

Ranked in the World

#117

Income Tax Rate

help

18%

Ranked in the World

#138

Sudan

See more

add_circle

Tax Burden

help

7.8%

Ranked in the World

#157

Ranked in the World

#12

Income Tax Rate

help

15%

Ranked in the World

#144

Suriname

See more

add_circle

Tax Burden

help

15.5%

Ranked in the World

#110

Ranked in the World

#3

Income Tax Rate

help

38%

Ranked in the World

#43

Sweden

See more

add_circle

Tax Burden

help

42.91%

Ranked in the World

#4

Ranked in the World

#130

Income Tax Rate

help

57%

Ranked in the World

#2

Sweden is the fourth highest-taxed country in the world, with a tax burden of 42.91%. This high taxation rate has helped to fuel Sweden's social welfare system, giving it some of the best public services in the world, such as free healthcare and education. Despite the high tax burden, however, Sweden still ranks among the wealthiest countries in terms of economic output and quality of life indicators and Sweden has seen consistent long-term economic growth over the last five decades. This indicates that its high taxation policy can be beneficial in terms of stimulating economic activity and increasing the living standards of its citizens.

Switzerland

See more

add_circle

Tax Burden

help

28.53%

Ranked in the World

#45

Ranked in the World

#152

Income Tax Rate

help

40%

Ranked in the World

#37

Tajikistan

See more

add_circle

Tax Burden

help

9%

Ranked in the World

#152

Ranked in the World

#120

Income Tax Rate

help

13%

Ranked in the World

#149

Tanzania

See more

add_circle

Tax Burden

help

11.7%

Ranked in the World

#141

Ranked in the World

#55

Income Tax Rate

help

30%

Ranked in the World

#100

Thailand

See more

add_circle

Tax Burden

help

15.8%

Ranked in the World

#107

Ranked in the World

#148

Income Tax Rate

help

35%

Ranked in the World

#66

The Bahamas

See more

add_circle

Tax Burden

help

18.7%

Ranked in the World

#85

Ranked in the World

#207

Income Tax Rate

help

0%

Ranked in the World

#175

The Gambia

See more

add_circle

Tax Burden

help

10.8%

Ranked in the World

#148

Ranked in the World

#73

Income Tax Rate

help

35%

Ranked in the World

#67

Togo

See more

add_circle

Tax Burden

help

19.4%

Ranked in the World

#82

Ranked in the World

#74

Income Tax Rate

help

45%

Ranked in the World

#22

Trinidad and Tobago

See more

add_circle

Tax Burden

help

23.7%

Ranked in the World

#57

Ranked in the World

#56

Income Tax Rate

help

25%

Ranked in the World

#118

Tunisia

See more

add_circle

Tax Burden

help

32.1%

Ranked in the World

#33

Ranked in the World

#179

Income Tax Rate

help

35%

Ranked in the World

#68

Turkey

See more

add_circle

Tax Burden

help

23.08%

Ranked in the World

#61

Ranked in the World

#149

Income Tax Rate

help

40%

Ranked in the World

#39

Turkmenistan

See more

add_circle

Tax Burden

help

15.56%

Ranked in the World

#109

Ranked in the World

#195

Income Tax Rate

help

10%

Ranked in the World

#164

Uganda

See more

add_circle

Tax Burden

help

11.8%

Ranked in the World

#140

Ranked in the World

#57

Income Tax Rate

help

40%

Ranked in the World

#40

Ukraine

See more

add_circle

Tax Burden

help

19.2%

Ranked in the World

#83

Ranked in the World

#162

Income Tax Rate

help

20%

Ranked in the World

#137

United Arab Emirates

See more

add_circle

Tax Burden

help

1%

Ranked in the World

#172

Ranked in the World

#209

Income Tax Rate

help

0%

Ranked in the World

#176

United Kingdom

See more

add_circle

Tax Burden

help

32.7%

Ranked in the World

#29

Ranked in the World

#156

Income Tax Rate

help

45%

Ranked in the World

#23

United States of America

See more

add_circle

Tax Burden

help

24.47%

Ranked in the World

#53

Ranked in the World

#78

Income Tax Rate

help

37%

Ranked in the World

#46

The United States is the fifty-third highest tax country in the world with a tax burden of 24.47%. This means that US citizens pay nearly one-quarter of their income in taxes. Compared to other high-income countries, the U.S. is slightly above the Organization for Economic Co-operation and Development (OECD) average of 22.3%, ranking lower than Belgium (42.92%), Germany (38.81%), France (45.4%), and Italy (42.45%). Despite being comparatively low on the list, taxes remain a significant part of an individual's income in America, with the top 1% earning approximately 37% of all wage income and paying an effective federal rate of 27%.

Uruguay

See more

add_circle

Tax Burden

help

29%

Ranked in the World

#41

Ranked in the World

#112

Income Tax Rate

help

36%

Ranked in the World

#48

Uzbekistan

See more

add_circle

Tax Burden

help

19.56%

Ranked in the World

#80

Ranked in the World

#196

Income Tax Rate

help

22%

Ranked in the World

#127

Vanuatu

See more

add_circle

Tax Burden

help

17.84%

Ranked in the World

#90

Ranked in the World

#210

Income Tax Rate

help

0%

Ranked in the World

#177

Venezuela

See more

add_circle

Tax Burden

help

16.7%

Ranked in the World

#101

Ranked in the World

#15

Income Tax Rate

help

34%

Ranked in the World

#70

Vietnam

See more

add_circle

Tax Burden

help

16.9%

Ranked in the World

#98

Ranked in the World

#150

Income Tax Rate

help

35%

Ranked in the World

#69

Zambia

See more

add_circle

Tax Burden

help

16.7%

Ranked in the World

#102

Ranked in the World

#13

Income Tax Rate

help

38%

Ranked in the World

#44

Zimbabwe

See more

add_circle

Tax Burden

help

12.6%

Ranked in the World

#134

Ranked in the World

#114

Income Tax Rate

help

52%

Ranked in the World

#6

FAQs

What is the most taxed country in the world?

The most taxed country in the world is Denmark, with a tax burden of 46.34%.

What is the least taxed country in the world?

The country with the lowest tax burden is the United Arab Emirates, with a tax burden of only 1%.

What are the countries with the highest taxes?

The ten countries with the highest tax burden rates are Denmark, France, Belgium, Sweden, Italy, Austria, Finland, Cuba, Norway, and the Netherlands.