Personal Income
Tax Rate

Corporate
Tax Rate

Sales Tax / VAT
Rate

2009

2010

2011

2009

2010

2011

2009

2010

2011

Albania

10

10

10

10

20

20

Algeria

35

40

25

25

17

17

Andorra

0

N/A

0

N/A

0

N/A

Angola

15

17

35

35

10

10

Anguilla

0

N/A

0

N/A

0

N/A

Antigua & Barbuda

N/A

25

N/A

25

N/A

15

Argentina

35

35

35

35

21

21

Aruba

58.95

N/A

28

N/A

3

N/A

Australia

45

45

30

30

10

10

Austria

50

50

25

25

20

20

Azerbaijan

35

30

20

20

18

18

Bahamas

0

0

0

0

0

0

Bahrain

0

0

0

0

0

0

Bangladesh

25

25

27.5

27.5

15

15

Barbados

35

35

25

25

15

15

Belarus

12

12

24

24

18

20

Belgium

50

50

33.99

33.99

21

21

Belize

25

25

25

25

10

10

Benin

35

35

30

30

18

18

Bermuda

0

0

0

0

0

0

Bosnia & Herzegovina

10

10

10

10

17

17

Botswana

25

25

25

25

10

10

Brazil

27.5

27.5

25

25

20

20

British Virgin Islands

N/A

0

N/A

0

N/A

0

Brunei

0

0

23.5

23.5

0

0

Bulgaria

10

10

10

10

20

20

Burkina Faso

30

N/A

30

N/A

18

N/A

Burma

N/A

30

N/A

30

N/A

5-30

Burundi

35

N/A

35

N/A

18

N/A

Cambodia

20

N/A

20

N/A

10

N/A

Cameroon

38.5

38.5

38.5

38.5

19.25

19.25

Canada

48.25

50

35

34

5-13

5-15

Cape Verde

45

N/A

30

N/A

15

N/A

Cayman Islands

0

0

0

0

0

0

Central African Republic

50

N/A

30

N/A

19

N/A

Chad

60

N/A

40

N/A

18

N/A

Chile

40

40

17

17

19

19

China

45

45

25

25

17

17

Colombia

33

33

33

33

16

16

Comoros

30

N/A

50

N/A

10

N/A

Congo, Democratic Republic

50

N/A

40

N/A

23

N/A

Congo, Republic of

50

N/A

38

N/A

18

N/A

Cook Islands

30

N/A

20

N/A

12.5

N/A

Costa Rica

25

25

30

30

13

13

Cote d’Ivoire (Ivory Coast)

37.5

36

25

25

18

18

Croatia

45

40

20

20

22

23

Cuba

50

50

30

30

25

25

Curaçao

N/A

49.4

N/A

34.5

N/A

5

Cyprus

30

30

10

10

15

15

Czech Republic

15

15

19

19

19

20

Denmark

59

51.5

25

25

25

25

Djibouti

30

N/A

25

N/A

7

N/A

Dominica

36

N/A

30

N/A

15

N/A

Dominican Republic

25

25

25

25

16

16

Ecuador

N/A

35

N/A

25

N/A

12

Egypt

20

20

20

20

10

10

El Salvador

25

25

25

25

13

13

Equatorial Guinea

N/A

35

N/A

35

N/A

15

Estonia

21

21

21

21

20

20

Fiji

N/A

31

N/A

28

N/A

12.5

Finland

51.5

51

26

26

22

23

France

40

40

33.33

33.33

19.6

19.6

French Polynesia

N/A

5

N/A

40

N/A

16

Gambia

N/A

35

N/A

35

N/A

10-18

Georgia

20

20

15

15

18

18

Germany

42

42

26.37

33.3

19

19

Ghana

N/A

25

N/A

25

N/A

12.5

Gibraltar

30

35-40

22

22

0

0

Greece

40

40

24

24

19

19

Grenada

N/A

30

N/A

30

N/A

10

Guatemala

31

31

31

31

12

12

Guernsey

N/A

0-20

N/A

0-20

N/A

0

Guyana

33.33

33.33

35-45

35-45

16

16

Honduras

N/A

25

N/A

25

N/A

12

Hong Kong

17

15-17

16.5

15-16.5

0

0

Hungary

36

32

19

19

N/A

25

Iceland

37.2

46.28

15

18-32.7

24.5

25.5

India

33

30.9

43

33.99

12.5

12.5

Indonesia

30

30

25

25

10

10

Iran

35

N/A

25

N/A

1.5

N/A

Ireland

41

41

12.5

12.5

21

21

Isle of Man

N/A

20

N/A

0-10

N/A

17.5

Israel

46

44

25

25

16.5

16

Italy

43

43

31.4

31.4

20

20

Jamaica

25

35

33.33

33.3

16.5

17.5

Japan

40

40

40.87

40.87

5

5

Jersey

N/A

20

N/A

0-20

N/A

3

Jordan

25

14

25

14-30

16

16

Kazakhstan

10

10

20

20

12

12

Kenya

N/A

30

N/A

30

N/A

16

Kuwait

N/A

0

N/A

15

N/A

0

Latvia

N/A

26

N/A

15

N/A

21

Lebanon

N/A

20

N/A

15

N/A

10

Libya

N/A

15

N/A

40

N/A

0

Lithuania

15

15

15

15

21

21

Luxembourg

38.95

38.95

22.88

21.84

15

15

Macau

N/A

12

N/A

12

N/A

0

Madagascar

N/A

23

N/A

23

N/A

20

Madeira

42

45.88

4

4-20

14

15

Malawi

N/A

30

N/A

30

N/A

16.5

Malaysia

27

26

25

25

10

5-10

Maldives

N/A

0

N/A

0

N/A

0

Malta

35

35

35

35

18

18

Mauritius

N/A

15

N/A

15

N/A

15

Mexico

28

30

30

30

16

16

Moldova

N/A

18

N/A

0

N/A

20

Monaco

0

0

0

0-33.33

19.6

19.6

Montenegro

12

9

9

9

17

17

Morocco

42

38

30

30

20

20

Mozambique

N/A

32

N/A

32

N/A

17

Myanmar

N/A

30

N/A

30

N/A

5-30

Namibia

N/A

37

N/A

35

N/A

15

Nepal

N/A

25

N/A

20-30

N/A

13

Netherlands

52

52

25.5

25.5

19

19

Netherlands Antilles

N/A

49.4

N/A

34.5

N/A

3-5

New Zealand

38

39

30

30

12.5

15

Nicaragua

N/A

30

N/A

30

N/A

15

Nigeria

N/A

25

N/A

30

N/A

5

Norway

40

40

28

28

25

25

Oman

N/A

0

N/A

12

N/A

0

Pakistan

20

20

35

35

16

16

Palestine

N/A

15

N/A

15

N/A

14.5

Panama

27

27

30

30

5

5

Papua New Guinea

N/A

42

N/A

30

N/A

10

Paraguay

N/A

10

N/A

10

N/A

10

Peru

30

30

30

30

19

19

Philippines

32

32

30

30

12

12

Poland

32

32

19

19

22

22

Portugal

42

45.88

26.5

26.5

20

21

Puerto Rico

N/A

34.65

N/A

40.95

N/A

7

Qatar

N/A

0

N/A

10

N/A

0

Romania

N/A

16

N/A

16

N/A

19

Russia

13

13

20

20

18

18

Rwanda

N/A

30

N/A

30

N/A

18

Saudi Arabia

2.5

N/A

20

N/A

0

N/A

Senegal

50

50

25

25

18

18

Serbia

15

15

10

10

18

18

Sierra Leone

N/A

30

N/A

30

N/A

15

Singapore

20

20

18

17

7

7

Slovakia

19

19

19

19

19

19

Slovenia

41

41

20

20

20

20

South Africa

40

40

28

28

14

14

South Korea

35

38.5

24.2

24.2

10

10

Spain

43

43

30

30

16

18

Sri Lanka

N/A

35

N/A

35

N/A

12

Swaziland

N/A

33

N/A

30

N/A

14

Sweden

57.73

57.77

26.3

26.3

25

25

Switzerland

N/A

22.4-42.2

N/A

13-22

7.6

8

Syria

22

22

28

28

10

10

Taiwan

40

40

20

17

5

5

Tanzania

30

30

30

30

18

18

Thailand

37

37

30

30

7

7

Tunisia

N/A

35

N/A

30

N/A

18

Turkey

35

35

20

20

18

18

Turks and Caicos

N/A

0

N/A

0

N/A

0

Uganda

N/A

30

N/A

30

N/A

18

Ukraine

15

15

25

25

20

20

United Arab Emirates

0

0

0

0

0

0

United Kingdom

40

50

28

28

15

17.5

United States

35

35

35

35

0

0

Uruguay

25

25

25

25

22

22

Uzbekistan

22

22

10

9

20

20

Vanuatu

N/A

0

N/A

0

N/A

12.5

Venezuela

34

34

34

34

12

12

Vietnam

35

35

25

25

10

10

Yemen

N/A

35

N/A

35

N/A

5

Zambia

35

35

35

35

17.5

16

Zimbabwe

N/A

35

N/A

25

N/A

15