Income Tax Rate On Individuals By Country January 2022

The Income Tax Rate (%) indicates the percentage of income that individuals and households are required to pay in taxes. It is a significant factor that influences disposable income and personal finances. Monitoring this measure helps in understanding the tax obligations faced by individuals and the impact on economic behavior and consumer spending.

As of January 2020, Chad had the highest income tax rate, with a rate of 60%. Sweden followed closely in the second position with a rate of 57%, and Denmark secured the third position with a rate of 56%. On the other hand, Qatar, the United Arab Emirates, and Vanuatu had a 0% income tax rate, indicating no income tax obligation for individuals.

Moving to January 2021 and January 2022, the rankings and rates remained the same. Chad, Sweden, and Denmark maintained their positions with the same tax rates, while Qatar, the United Arab Emirates, and Vanuatu continued to have a 0% income tax rate.

Monitoring the Income Tax Rate index provides insights into the tax burden faced by individuals and households in different countries. It allows for comparisons between tax systems and helps understand the implications for personal finances and economic behavior.

Income Tax Rate On Individuals By Country January 2022 (%, January 2022)

Rank	Country	%
1	Chad	60
2	Sweden	57
3	Denmark	56
4	Austria	55
5	Netherlands	52
6	Zimbabwe	51.5
7	Belgium	50
7	Central African Republic	50
7	Cuba	50
7	Israel	50
7	Slovenia	50
8	South Korea	49.5
9	Portugal	48
10	Norway	47.8
11	Germany	47.5
12	Spain	47
13	Australia	45
13	Benin	45
13	China	45
13	France	45
13	South Africa	45
13	Togo	45
13	United Kingdom	45
14	Greece	44
15	Italy	43
16	Luxembourg	42
16	Papua New Guinea	42
17	Ireland	41
18	Japan	40.8
19	Chile	40
19	DR Congo	40
19	Guinea	40
19	Mali	40
19	Mauritania	40
19	Senegal	40
19	Solomon Islands	40
19	Switzerland	40
19	Taiwan	40
19	Turkey	40
19	Uganda	40
20	Colombia	39
21	Morocco	38
21	Suriname	38
22	Zambia	37.5
23	Namibia	37
23	United States	37
24	Ivory Coast	36
24	Uruguay	36
25	Algeria	35
25	Argentina	35
25	Burundi	35
25	Cameroon	35
25	Cape Verde	35
25	Cyprus	35
25	Dominica	35
25	Ecuador	35
25	Equatorial Guinea	35
25	Ethiopia	35
25	Gabon	35
25	Gambia	35
25	Iran	35
25	Kiribati	35
25	Lesotho	35
25	Malta	35
25	Mexico	35
25	Niger	35
25	Pakistan	35
25	Philippines	35
25	Thailand	35
25	Tunisia	35
25	Vietnam	35
26	Venezuela	34
27	Guyana	33.3
28	Canada	33
28	Eswatini	33
28	New Zealand	33
29	Mozambique	32
29	Poland	32
30	Iceland	31.8
31	Latvia	31.4
32	Finland	31.25
33	India	30.9
34	Comoros	30
34	Republic of the Congo	30
34	Croatia	30
34	Djibouti	30
34	El Salvador	30
34	Eritrea	30
34	Ghana	30
34	Haiti	30
34	Indonesia	30
34	Jamaica	30
34	Jordan	30
34	Kenya	30
34	Malawi	30
34	Malaysia	30
34	Nicaragua	30
34	Peru	30
34	Rwanda	30
34	Saint Lucia	30
34	Saint Vincent and the Grenadines	30
34	Tanzania	30
35	Barbados	28.5
36	Brazil	27.5
36	Burkina Faso	27.5
37	Samoa	27
38	Angola	25
38	Azerbaijan	25
38	Bangladesh	25
38	Belize	25
38	Bhutan	25
38	Botswana	25
38	Myanmar	25
38	Costa Rica	25
38	Dominican Republic	25
38	Honduras	25
38	Lebanon	25
38	Liberia	25
38	Nepal	25
38	Panama	25
38	Slovakia	25
38	Trinidad and Tobago	25
39	Laos	24
39	Nigeria	24
40	Albania	23
40	Czech Republic	23
41	Egypt	22.5
42	Armenia	22
42	Singapore	22
42	Syria	22
42	Uzbekistan	22
43	Afghanistan	20
43	Cambodia	20
43	Estonia	20
43	Fiji	20
43	Georgia	20
43	Guinea-Bissau	20
43	Lithuania	20
43	Madagascar	20
43	Sao Tome and Principe	20
43	Tonga	20
43	Ukraine	20
44	Sri Lanka	18
45	Hungary	15
45	Iraq	15
45	Mauritius	15
45	Seychelles	15
45	Sierra Leone	15
45	Sudan	15
45	Yemen	15
46	Belarus	13
46	Bolivia	13
46	Russia	13
46	Tajikistan	13
47	Moldova	12
48	Bosnia and Herzegovina	10
48	Bulgaria	10
48	Kazakhstan	10
48	Kosovo	10
48	Kyrgyzstan	10
48	Libya	10
48	North Macedonia	10
48	Micronesia	10
48	Mongolia	10
48	Paraguay	10
48	Romania	10
48	Serbia	10
48	Timor-Leste	10
48	Turkmenistan	10
49	Montenegro	9
50	Guatemala	7
50	Liechtenstein	7
51	Saudi Arabia	2.5
52	Bahamas	0
52	Bahrain	0
52	Brunei	0
52	Kuwait	0
52	Maldives	0
52	Oman	0
52	Qatar	0
52	United Arab Emirates	0
52	Vanuatu	0