Highest Taxed Countries

Last updated September 18, 2024

Income Tax Rate
Top
Last
Income Tax RateQuestion Mark
1.Ivory CoastIvory Coast60%
2.FinlandFinland56%
3.JapanJapan55%
4.AustriaAustria55%
5.DenmarkDenmark55%
6.SwedenSweden52%
7.ArubaAruba52%
8.BelgiumBelgium50%
9.IsraelIsrael50%
10.SloveniaSlovenia50%
11.NetherlandsNetherlands49%
12.PortugalPortugal48%
13.IrelandIreland48%
14.SpainSpain47%
15.IcelandIceland46%
16.ChinaChina45%
17.GermanyGermany45%
18.United KingdomUnited Kingdom45%
19.FranceFrance45%
20.South AfricaSouth Africa45%
21.South KoreaSouth Korea45%
22.AustraliaAustralia45%
23.LuxembourgLuxembourg45%
24.GreeceGreece44%
25.ItalyItaly43%
26.IndiaIndia42%
27.Papua New GuineaPapua New Guinea42%
28.TurkeyTurkey40%
29.UgandaUganda40%
30.TaiwanTaiwan40%
31.ChileChile40%
32.SenegalSenegal40%
33.ZimbabweZimbabwe40%
34.GuineaGuinea40%
35.SwitzerlandSwitzerland40%
36.Republic of the CongoRepublic of the Congo40%
37.MauritaniaMauritania40%
38.ColombiaColombia39%
39.New ZealandNew Zealand39%
40.MoroccoMorocco38%
41.NorwayNorway38%
42.SurinameSuriname38%
43.United StatesUnited States37%
44.ZambiaZambia37%
45.NamibiaNamibia37%
46.UruguayUruguay36%
47.PakistanPakistan35%
48.MexicoMexico35%
49.EthiopiaEthiopia35%
50.PhilippinesPhilippines35%
51.VietnamVietnam35%
52.ThailandThailand35%
53.ArgentinaArgentina35%
54.AlgeriaAlgeria35%
55.CameroonCameroon35%
56.EcuadorEcuador35%
57.TunisiaTunisia35%
58.GabonGabon35%
59.Equatorial GuineaEquatorial Guinea35%
60.CyprusCyprus35%
61.MaltaMalta35%
62.VenezuelaVenezuela34%
63.CanadaCanada33%
64.Puerto RicoPuerto Rico33%
65.PolandPoland32%
66.MozambiqueMozambique32%
67.LatviaLatvia31%
68.IndonesiaIndonesia30%
69.TanzaniaTanzania30%
70.KenyaKenya30%
71.PeruPeru30%
72.MalaysiaMalaysia30%
73.GhanaGhana30%
74.MalawiMalawi30%
75.ChadChad30%
76.RwandaRwanda30%
77.JordanJordan30%
78.NicaraguaNicaragua30%
79.El SalvadorEl Salvador30%
80.CroatiaCroatia30%
81.JamaicaJamaica30%
82.GambiaGambia30%
83.LesothoLesotho30%
84.BarbadosBarbados28%
85.BrazilBrazil27%
86.SamoaSamoa27%
87.BangladeshBangladesh25%
88.EgyptEgypt25%
89.MyanmarMyanmar25%
90.AngolaAngola25%
91.Dominican RepublicDominican Republic25%
92.HondurasHonduras25%
93.AzerbaijanAzerbaijan25%
94.LaosLaos25%
95.SlovakiaSlovakia25%
96.LebanonLebanon25%
97.Costa RicaCosta Rica25%
98.PanamaPanama25%
99.BotswanaBotswana25%
100.Trinidad and TobagoTrinidad and Tobago25%
101.NigeriaNigeria24%
102.Sri LankaSri Lanka24%
103.Czech RepublicCzech Republic23%
104.AlbaniaAlbania23%
105.SyriaSyria22%
106.SingaporeSingapore22%
107.ArmeniaArmenia22%
108.LiechtensteinLiechtenstein22%
109.AfghanistanAfghanistan20%
110.MadagascarMadagascar20%
111.CambodiaCambodia20%
112.GeorgiaGeorgia20%
113.LithuaniaLithuania20%
114.EstoniaEstonia20%
115.FijiFiji20%
116.Isle Of ManIsle Of Man20%
117.UkraineUkraine18%
118.SudanSudan15%
119.IraqIraq15%
120.YemenYemen15%
121.HungaryHungary15%
122.Sierra LeoneSierra Leone15%
123.Hong KongHong Kong15%
124.MauritiusMauritius15%
125.SeychellesSeychelles15%
126.RussiaRussia13%
127.BoliviaBolivia13%
128.TajikistanTajikistan13%
129.BelarusBelarus13%
130.UzbekistanUzbekistan12%
131.MoldovaMoldova12%
132.MacauMacau12%
133.RomaniaRomania10%
134.KazakhstanKazakhstan10%
135.SerbiaSerbia10%
136.LibyaLibya10%
137.BulgariaBulgaria10%
138.MongoliaMongolia10%
139.Bosnia and HerzegovinaBosnia and Herzegovina10%
140.MontenegroMontenegro9%
141.GuatemalaGuatemala7%

Taxation Around the Globe

The question of taxing citizens' income is a complex issue that incites widespread debate in nations worldwide. An essential mechanism for governments to fund public spending on infrastructure, heath and education, the income taxation policies of a country reflect its socio-economic temperament and its commitment to providing public goods and services. Analyzing data on the top income tax rates levied across nations provides valuable insights into the intricate dynamics of global economics. Key findings from the data include:

  • The Ivory Coast emerges as the highest taxed country, imposing an income tax of 60%, followed by Finland, Japan, Austria, and Denmark, each with a high income tax rate pegged at 55%.
  • European countries dominate the top of the list, with a major chunk of taxes being channelled into robust public services, including healthcare and education.
  • Surprisingly, despite being one of the most populous countries with one of the world's largest economies, the United States ranks 37th in terms of highest taxation rates, with a top federal income tax rate of 37%.
  • By contrast, Montenegro, Guatemala, and several other nations feature at the bottom of the list, having some of the lowest income tax rates globally, ranging from just 7% to 10%.
  • A sizable income tax does not necessarily translate into high individual tax burdens, given the variations in tax regulations, deductions, exemptions, and the treatment of various types of income.

10 Highest Taxed Countries

The country imposing the highest income tax rate, as highlighted in our dataset, is Ivory Coast. Citizens of this West African nation navigate a sizeable income tax rate of a whopping 60%. Occupying the second rank is Finland, which has a substantially high income tax rate of 56%. Next in line are Japan, Austria, and Denmark, each imposing a hefty income tax rate of 55%. These nations effectively tie in the third position. The nation of Sweden and the island country of Aruba closely trail these countries with a weighty income tax rate of 52%. Completing the top 10 are Belgium, Israel, and Slovenia, all with income tax rates measuring half of a citizen's income at 50%. The tax structure in these nations is testament to their commitment to providing comprehensive public services. 10 Highest Taxed Countries:

  1. Ivory Coast - 60%
  2. Finland - 56%
  3. Japan - 55%
  4. Austria - 55%
  5. Denmark - 55%
  6. Sweden - 52%
  7. Aruba - 52%
  8. Belgium - 50%
  9. Israel - 50%
  10. Slovenia - 50%

By Region

Afghanistan

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Ranked in World

#109

Albania

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Ranked in World

#104

Algeria

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Ranked in World

#54

Angola

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Ranked in World

#90

Argentina

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Ranked in World

#53

Armenia

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Ranked in World

#107

Aruba

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Ranked in World

#7

Australia

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Ranked in World

#22

Austria

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Ranked in World

#4

Azerbaijan

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Ranked in World

#93

Bangladesh

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Ranked in World

#87

Barbados

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Ranked in World

#84

Belarus

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Ranked in World

#129

Belgium

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Ranked in World

#8

Bolivia

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Ranked in World

#127

Bosnia and Herzegovina

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Ranked in World

#139

Botswana

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Ranked in World

#99

Brazil

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Ranked in World

#85

Bulgaria

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Ranked in World

#137

Cambodia

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Ranked in World

#111

Cameroon

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Ranked in World

#55

Canada

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Ranked in World

#63

Chad

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Ranked in World

#75

Chile

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Ranked in World

#31

China

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Ranked in World

#16

Colombia

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Ranked in World

#38

Costa Rica

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Ranked in World

#97

Croatia

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Ranked in World

#80

Cyprus

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Ranked in World

#60

Czech Republic

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Ranked in World

#103

Denmark

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Ranked in World

#5

Dominican Republic

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Ranked in World

#91

Ecuador

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Ranked in World

#56

Egypt

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Ranked in World

#88

El Salvador

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Ranked in World

#79

Equatorial Guinea

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Ranked in World

#59

Estonia

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Ranked in World

#114

Ethiopia

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Ranked in World

#49

Fiji

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Ranked in World

#115

Finland

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Ranked in World

#2

France

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Ranked in World

#19

Gabon

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Ranked in World

#58

Gambia

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Ranked in World

#82

Georgia

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Ranked in World

#112

Germany

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Ranked in World

#17

Ghana

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Ranked in World

#73

Greece

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Ranked in World

#24

Guatemala

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Ranked in World

#141

Guinea

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Ranked in World

#34

Honduras

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Ranked in World

#92

Hong Kong

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Ranked in World

#123

Hungary

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Ranked in World

#121

Iceland

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Ranked in World

#15

India

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Ranked in World

#26

Indonesia

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Ranked in World

#68

Iraq

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Ranked in World

#119

Ireland

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Ranked in World

#13

Isle Of Man

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Ranked in World

#116

Israel

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Ranked in World

#9

Italy

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Ranked in World

#25

Ivory Coast

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Ranked in World

#1

Jamaica

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Ranked in World

#81

Japan

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Ranked in World

#3

Jordan

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Ranked in World

#77

Kazakhstan

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Ranked in World

#134

Kenya

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Ranked in World

#70

Laos

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Ranked in World

#94

Latvia

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Ranked in World

#67

Lebanon

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Ranked in World

#96

Lesotho

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Ranked in World

#83

Libya

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Ranked in World

#136

Liechtenstein

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Ranked in World

#108

Lithuania

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Ranked in World

#113

Luxembourg

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Ranked in World

#23

Macau

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Ranked in World

#132

Madagascar

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Ranked in World

#110

Malawi

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Ranked in World

#74

Malaysia

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Ranked in World

#72

Malta

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Ranked in World

#61

Mauritania

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Ranked in World

#37

Mauritius

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Ranked in World

#124

Mexico

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Ranked in World

#48

Moldova

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Ranked in World

#131

Mongolia

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Ranked in World

#138

Montenegro

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Ranked in World

#140

Morocco

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Ranked in World

#40

Mozambique

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Ranked in World

#66

Myanmar

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Ranked in World

#89

Namibia

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Ranked in World

#45

Netherlands

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Ranked in World

#11

New Zealand

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Ranked in World

#39

Nicaragua

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Ranked in World

#78

Nigeria

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Ranked in World

#101

Norway

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Ranked in World

#41

Pakistan

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Ranked in World

#47

Panama

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Ranked in World

#98

Papua New Guinea

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Ranked in World

#27

Peru

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Ranked in World

#71

Philippines

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Ranked in World

#50

Poland

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Ranked in World

#65

Portugal

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Ranked in World

#12

Puerto Rico

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Ranked in World

#64

Republic of the Congo

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Ranked in World

#36

Romania

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Ranked in World

#133

Russia

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Ranked in World

#126

Rwanda

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Ranked in World

#76

Samoa

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Ranked in World

#86

Senegal

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Ranked in World

#32

Serbia

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Ranked in World

#135

Seychelles

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Ranked in World

#125

Sierra Leone

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Ranked in World

#122

Singapore

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Ranked in World

#106

Slovakia

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Ranked in World

#95

Slovenia

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Ranked in World

#10

South Africa

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Ranked in World

#20

South Korea

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Ranked in World

#21

Spain

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Ranked in World

#14

Sri Lanka

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Ranked in World

#102

Sudan

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Ranked in World

#118

Suriname

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Ranked in World

#42

Sweden

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Ranked in World

#6

Switzerland

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Ranked in World

#35

Syria

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Ranked in World

#105

Taiwan

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Ranked in World

#30

Tajikistan

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Ranked in World

#128

Tanzania

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Ranked in World

#69

Thailand

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Ranked in World

#52

Trinidad and Tobago

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Ranked in World

#100

Tunisia

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Ranked in World

#57

Turkey

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Ranked in World

#28

Uganda

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Ranked in World

#29

Ukraine

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Ranked in World

#117

United Kingdom

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Ranked in World

#18

United States

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Ranked in World

#43

Uruguay

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Ranked in World

#46

Uzbekistan

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Ranked in World

#130

Venezuela

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Ranked in World

#62

Vietnam

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Ranked in World

#51

Yemen

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Ranked in World

#120

Zambia

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Ranked in World

#44

Zimbabwe

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Ranked in World

#33

Table

Region ↕Income Tax Rate↕
Afghanistan iconAfghanistan20%
Albania iconAlbania23%
Algeria iconAlgeria35%
Angola iconAngola25%
Argentina iconArgentina35%
Armenia iconArmenia22%
Aruba iconAruba52%
Australia iconAustralia45%
Austria iconAustria55%
Azerbaijan iconAzerbaijan25%
Bangladesh iconBangladesh25%
Barbados iconBarbados28%
Belarus iconBelarus13%
Belgium iconBelgium50%
Bolivia iconBolivia13%
Bosnia and Herzegovina iconBosnia and Herzegovina10%
Botswana iconBotswana25%
Brazil iconBrazil27%
Bulgaria iconBulgaria10%
Cambodia iconCambodia20%
Cameroon iconCameroon35%
Canada iconCanada33%
Chad iconChad30%
Chile iconChile40%
China iconChina45%
Colombia iconColombia39%
Costa Rica iconCosta Rica25%
Croatia iconCroatia30%
Cyprus iconCyprus35%
Czech Republic iconCzech Republic23%
Denmark iconDenmark55%
Dominican Republic iconDominican Republic25%
Ecuador iconEcuador35%
Egypt iconEgypt25%
El Salvador iconEl Salvador30%
Equatorial Guinea iconEquatorial Guinea35%
Estonia iconEstonia20%
Ethiopia iconEthiopia35%
Fiji iconFiji20%
Finland iconFinland56%
France iconFrance45%
Gabon iconGabon35%
Gambia iconGambia30%
Georgia iconGeorgia20%
Germany iconGermany45%
Ghana iconGhana30%
Greece iconGreece44%
Guatemala iconGuatemala7%
Guinea iconGuinea40%
Honduras iconHonduras25%
Hong Kong iconHong Kong15%
Hungary iconHungary15%
Iceland iconIceland46%
India iconIndia42%
Indonesia iconIndonesia30%
Iraq iconIraq15%
Ireland iconIreland48%
Isle Of Man iconIsle Of Man20%
Israel iconIsrael50%
Italy iconItaly43%
Ivory Coast iconIvory Coast60%
Jamaica iconJamaica30%
Japan iconJapan55%
Jordan iconJordan30%
Kazakhstan iconKazakhstan10%
Kenya iconKenya30%
Laos iconLaos25%
Latvia iconLatvia31%
Lebanon iconLebanon25%
Lesotho iconLesotho30%
Libya iconLibya10%
Liechtenstein iconLiechtenstein22%
Lithuania iconLithuania20%
Luxembourg iconLuxembourg45%
Macau iconMacau12%
Madagascar iconMadagascar20%
Malawi iconMalawi30%
Malaysia iconMalaysia30%
Malta iconMalta35%
Mauritania iconMauritania40%
Mauritius iconMauritius15%
Mexico iconMexico35%
Moldova iconMoldova12%
Mongolia iconMongolia10%
Montenegro iconMontenegro9%
Morocco iconMorocco38%
Mozambique iconMozambique32%
Myanmar iconMyanmar25%
Namibia iconNamibia37%
Netherlands iconNetherlands49%
New Zealand iconNew Zealand39%
Nicaragua iconNicaragua30%
Nigeria iconNigeria24%
Norway iconNorway38%
Pakistan iconPakistan35%
Panama iconPanama25%
Papua New Guinea iconPapua New Guinea42%
Peru iconPeru30%
Philippines iconPhilippines35%
Poland iconPoland32%
Portugal iconPortugal48%
Puerto Rico iconPuerto Rico33%
Republic of the Congo iconRepublic of the Congo40%
Romania iconRomania10%
Russia iconRussia13%
Rwanda iconRwanda30%
Samoa iconSamoa27%
Senegal iconSenegal40%
Serbia iconSerbia10%
Seychelles iconSeychelles15%
Sierra Leone iconSierra Leone15%
Singapore iconSingapore22%
Slovakia iconSlovakia25%
Slovenia iconSlovenia50%
South Africa iconSouth Africa45%
South Korea iconSouth Korea45%
Spain iconSpain47%
Sri Lanka iconSri Lanka24%
Sudan iconSudan15%
Suriname iconSuriname38%
Sweden iconSweden52%
Switzerland iconSwitzerland40%
Syria iconSyria22%
Taiwan iconTaiwan40%
Tajikistan iconTajikistan13%
Tanzania iconTanzania30%
Thailand iconThailand35%
Trinidad and Tobago iconTrinidad and Tobago25%
Tunisia iconTunisia35%
Turkey iconTurkey40%
Uganda iconUganda40%
Ukraine iconUkraine18%
United Kingdom iconUnited Kingdom45%
United States iconUnited States37%
Uruguay iconUruguay36%
Uzbekistan iconUzbekistan12%
Venezuela iconVenezuela34%
Vietnam iconVietnam35%
Yemen iconYemen15%
Zambia iconZambia37%
Zimbabwe iconZimbabwe40%
Keep reading

Additional Tax Datasets

Highest Taxed States
Taxes
U.S.

Highest Taxed States

Sales Tax By State
Taxes
U.S.

Sales Tax By State

Tax Burden By State
Taxes
U.S.

Tax Burden By State

Tax Haven Countries
Taxes
World

Tax Haven Countries

Tax-Free Countries
Taxes
World

Tax-Free Countries

Car Sales Tax By State
Taxes
U.S.

Car Sales Tax By State