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Tax rates around the world - Definition |
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Personal income tax
This is a list of income tax rates around the world, including only those collected by national government. Provincial, state, and local government may impose additional income taxes which are not included in the rates listed below. The overall tax burden levied on individuals may also include value added (a.k.a purchase) taxes; poll taxes (i.e. a tax per head of population), and property taxes (e.g. "rates").
- Australia - A graduated rate between 0% and 48.5%
- Canada - A graduated rate between 16% and 29%
- Estonia - A flat rate of 27%
- Hong Kong - from 0% to 16%
- Israel - A graduated rate between 10% and 49% [1] (http://www.worldwide-tax.com/israel/isroverview.asp)
- Malaysia - A graduated rate of between 0% and 29% for resident individuals [2] (http://www.hasilnet.org.my/english/eng_NO2_1_1K.asp)
- Mexico - A graduated rate between 3% and 32% [3] (http://www.mexconnect.com/mex_/travel/rrwalters/rrwcedularfc.html)
- Romania - A graduated rate between 18% and 40% (a flat rate of 16% starting 2005)
- Russia - A flat rate of 13%
- Singapore - A graduated rate between 0% and 22% for resident individuals [4] (http://www.iras.gov.sg/ESVPortal/iit/iit-se-a1.1.15+tax+rates+for+resident+individuals.asp)
- Spain - A graduated rate between 18% and 48% [5] (http://www.strongabogados.com/taxes.php#PersonalTaxes)
- Sweden - A graduated rate between 33% and 60%
- United Kingdom - Four gradations: 0%, then 10%, 22% and 40% on income above certain personal allowances of tax free income. [6] (http://www.inlandrevenue.gov.uk/rates/it.htm)
- United States - A graduated rate between 10% and 35%
Company income tax
- Australian: Federal 30%. ^
- Canada: federal 23%, provincial average 12%
- Hong Kong: (profit tax) 16.5%
- Romania: central 25%
- Sweden: central 28%, average state 0%
- United States: federal 35%, average state 4%
^ Indicates that a personal income tax credit is given to individuals receiving post tax profit distributed from a company.
See also
External links
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