Income tax by country compared (2026)

Full 65-country comparison of headline income tax with composition, entry band, top-rate threshold and regime notes.

#	Country	Income tax	Composition	Entry band	Top rate	Regime flag
1	Denmark	≈ 60.5%	Municipal ~25% + state tiers (12.01/7.5/7.5/5%) capped at 57.07%, plus the 8% labour-market contribution — stepping from ~42% to ~60.5% marginal.	≈ 42% marginal after the DKK 54,100 allowance	≈ 60.5% marginal above ~DKK 2.59 million (56% above 777,900)	27% flat expat scheme for 84 months
2	Japan	≈ 56%	National 5–45% plus the 2.1% reconstruction surtax and a flat 10% inhabitant tax — 55.945% combined at the top.	5% national on the first JPY 1.95 million	45% national + surtax + 10% inhabitant ≈ 55.95%	Ultra-rich minimum tax: 30% above JPY 165 million, enacted by the 2026 reform but applying from tax year 2027
3	Austria	55%	50% above €104,859; the 55% band starts only at €1 million (legislated through 2029). No local income taxes.	0% up to €13,539	55% above €1,000,000 (50% above €104,859)	Expat lump-sum deduction: 20% of pay up to €10,000
4	Finland	≈ 55%	State tax to 37.5% above €52,100 + municipal 4.7%–10.9% + optional church tax — roughly 55% top marginal once contributions are counted.	12.64% state from the first euro, offset by credits	≈ 55% marginal all-in (37.5% state + municipal + contributions)	Key employees: 25% flat for 84 months
5	Sweden	≈ 52%	Municipal tax (avg 32.38%) on all earned income plus 20% national tax above SEK 643,000 — no national tax at all below that line.	Municipal rate only (≈ 29%–35%) after the basic allowance	≈ 52% marginal (municipal + 20% national above SEK 643,000)	Expert tax: 25% of qualifying pay tax-free for 7 years
6	Belgium	50%	50% above €51,070 — one of Europe's lowest top-rate thresholds — plus municipal surcharges averaging about 7% of the tax.	25% after the €11,180 tax-free base	50% above €51,070 (+ municipal surcharge)	Expat regime: 35% of pay tax-free as employer costs
7	Slovenia	50%	Five brackets from 16% to 50% (above EUR 82,346 in 2026) on active income; passive income sits outside at flat rates.	16% after allowances	50% above EUR 82,346.23 (2026)	New-resident 7% salary allowance (2025+); micro-enterprise lump-sum regime
8	Netherlands	49.5%	Top Box 1 rate above €78,426; the first band's 35.75% bundles 27.65% of national insurance with 8.1% of income tax.	35.75% to €38,883 (8.1% tax + 27.65% national insurance)	49.5% above €78,426	30% ruling shelters up to 30% of expat salaries
9	South Korea	49.5%	Eight brackets from 6% to 45%, plus local income tax at 10% of the bill — 49.5% all-in at the top.	6% on the first KRW 14 million	45% + 4.5% local = 49.5% above KRW 1 billion	Foreign employees: elective flat 19% for 20 years (start by end-2026)
10	Portugal	48%	Top band 48% above €86,634; a solidarity charge adds 2.5% over €80,000 and 5% over €250,000.	12.5% on the first €8,342	48% above €86,634 (+ solidarity charge on high incomes)	IFICI 20% flat rate for qualifying new residents
11	Norway	47.4%	22% flat on net income + bracket tax up to 17.8% on gross salary above NOK 1,467,200 + 7.6% national insurance.	22% flat after allowances; bracket tax from NOK 226,100	≈ 47.4% marginal (22% + 17.8% + 7.6%)	25% flat pay-as-you-earn (PAYE) option for foreign workers
12	Spain	47%	Standard combined scale tops at 47% above €300,000; regions set their own half of the scale, so the real top rate depends on where in Spain you live.	19% on the first €12,450	47% above €300,000 (standard combined scale; regions vary)	Beckham regime: flat 24% on Spanish income to €600,000
13	Australia	45%	45% above AUD 190,000, plus the 2% Medicare levy — a 47% top marginal rate (48.5% without private health insurance at high incomes).	0% up to AUD 18,200	45% above AUD 190,000 (+2% Medicare levy)	Temporary residents exempt on foreign income
14	France	45%	45% above €181,917 per household part, plus 3–4% surcharges over €250,000/€500,000 and a 20% minimum effective rate at those levels; social charges of 9.7% apply to salary separately.	0% up to €11,600 per part	45% above €181,917 per part (+ up to 4% surcharge)	Impatriate regime exempts up to 50% of pay for 8 years
15	Germany	45%	Progressive glide from 14% to 42% at €69,879, 45% above €277,825; solidarity surcharge adds 5.5% of the tax for higher earners.	0% up to €12,348, then from 14%	45% above €277,825 (+5.5% solidarity surcharge on the tax)	Church members pay 8–9% of the tax as church tax
16	South Africa	45%	Single national scale — no provincial or municipal income taxes. Capital gains feed into the same scale at a 40% inclusion rate.	18% on the first ZAR 245,100	45% above ZAR 1,878,600	First ZAR 1.25 million of foreign salary exempt with enough days worked abroad
17	United Kingdom	45%	45% above £125,140; 40% from £50,270; National Insurance adds up to 8% on top — and the personal allowance tapers away above £100,000.	£12,570 tax-free, then 20%	45% above £125,140 (Scotland: 48% top rate on earnings)	New arrivals: 4-year foreign income and gains exemption
18	Greece	44%	Progressive 9–44% with no local income taxes and no solidarity surcharge; middle-band rates drop with each dependent child.	9% on the first EUR 10,000 (0% up to EUR 20,000 if you are under 26)	44% above EUR 60,000	EUR 100,000 non-dom lump sum, 7% pensioner rate and 50% inbound-worker discount available
19	Italy	43%	National top band 43% above €50,000; regional (1.23%–3.33%) and municipal (up to 0.9%) surcharges lift the true top rate to roughly 45–47% depending on where you live.	23% on the first €28,000	43% above €50,000 (+ regional and municipal surcharges)	50% inbound-worker exemption on income up to €600,000
20	Luxembourg	42% (45.78% marginal)	42% above €234,870, plus a 7%–9% employment-fund surcharge on the tax — a 45.78% true top marginal rate — and a 1.4% dependency contribution.	0% up to €13,230	42% + 9% surcharge = 45.78% marginal (above €234,870; class 2 doubled)	Impatriate premium 50% exempt for 8 years
21	Chile	40%	Eight bands from 0% to 40%, written in annual tax units; the top rate starts above 310 units — about CLP 259 million.	0% up to 13.5 UTA (≈ CLP 11.3 million at the Dec 2025 unit)	40% above 310 UTA (≈ CLP 259 million at the Dec 2025 unit)	New foreign residents: Chilean-source-only taxation for 3 years (extendable)
22	Ireland	40%	40% above €44,000 (single), plus Universal Social Charge up to 8% and 4.2% social insurance — a top marginal stack around 52%.	20% up to €44,000	40% above €44,000 (single); ~52% marginal with USC and social insurance	Remittance basis for non-domiciled residents
23	Turkey	40%	Five bands from 15% to 40% above TRY 5.3 million; employment income enjoys a wider 27% band (to TRY 1.5 million) and the minimum-wage exemption.	15% on the first TRY 190,000 of taxable income	40% above TRY 5.3 million	Istanbul Finance Centre staff: 60-80% of salary exempt with 5-10 years' foreign experience
24	Colombia	39%	Seven bands from 0% to 39%, all set in tax value units; the top rate starts above 31,000 units — about COP 1.6 billion.	0% up to 1,090 UVT (≈ COP 57 million)	39% above 31,000 UVT (≈ COP 1.62 billion)	Simplified taxation regime (SIMPLE): 1.2-8.3% of turnover for small business
25	New Zealand	39%	Five rates from 10.5% to 39% above NZD 180,000 — with no social security on top, just a ~1.4% accident levy.	10.5% on the first NZD 15,600	39% above NZD 180,000	48-month foreign-income exemption for new migrants and long-returning citizens
26	Ecuador	37%	Ten bands from 0% to 37%; the top rate starts above USD 109,956 and there are no surcharges.	0% up to USD 12,208, then 5%	37% above USD 109,956	Newcomers: Ecuadorian-source-only taxation for up to 5 years
27	United States	37%	37% federal above $640,600 (single) / $768,700 (joint); state income taxes add 0–13%+ and vary — figures shown are federal.	10% on the first $12,400 single / $24,800 joint	37% above $640,600 single / $768,700 joint (federal)	$132,900 foreign earned income exclusion for expats
28	Uruguay	36%	Work income climbs eight bands from 0% to 36%; capital income never enters the scale — it pays flat 12%.	0% up to 84 BPC (≈ UYU 577,000)	36% above 1,380 BPC a year (≈ UYU 9.5 million)	Couples may elect joint taxation with its own band tables
29	Argentina	35%	Nine bands from 5% to 35%, re-indexed semi-annually; generous employee allowances push the real tax-free line to roughly ARS 30 million.	5% on the first ARS 2,000,030 of taxable income	35% above ARS 60,750,914 (first-half 2026)	Simplified pre-filled returns for incomes up to ARS 1 billion
30	Cyprus	35%	Progressive 0–35% from 2026, with the 0% band at EUR 22,000 and the top rate only above EUR 72,000; a 2.65% capped health contribution runs alongside.	0% on the first EUR 22,000	35% above EUR 72,000	50% exemption (EUR 55,000+, 17 years) or 20% exemption (max EUR 8,550, 7 years) for new residents
31	Indonesia	35%	Five bands from 5% to 35%; the top rate starts above IDR 5 billion and there are no surcharges.	5% on the first IDR 60 million	35% above IDR 5 billion	4-year territorial election for expats with science/technology expertise
32	Malta	35%	Progressive 0–35% with no social surcharges on top; the 35% starts at EUR 60,000 for everyone, but the 0% band depends on family status.	0% on the first EUR 12,000 (single); up to EUR 22,500 tax-free for married parents of 2+ children	35% above EUR 60,000	Flat 15% regimes for highly qualified expats, residence-programme members and family-office staff
33	Mexico	35%	Eleven brackets from 1.92% to 35% (above MXN 5.1 million in 2026); no state income taxes on top for individuals.	1.92% on the first MXN 10,135	35% above MXN 5,107,704 (2026)	RESICO 1–2.5% turnover tax up to MXN 3.5 million; border-region third-off credit
34	Philippines	35%	Six bands from 0% to 35%; the top rate starts above PHP 8 million and there are no surcharges.	0% on the first PHP 250,000, then 15%	35% above PHP 8 million	8% flat tax option for self-employed under PHP 3 million of receipts
35	Slovakia	35%	New for 2026: 19/25/30/35% progressive scale on employment income, plus an uncapped 5% health charge; small business income enjoys 15%.	19% after the EUR 5,966.73 personal allowance	35% above EUR 75,010.32 (2026)	Business income: 15% up to EUR 100,000 of annual taxable income
36	Thailand	35%	Eight steps from 0% to 35%; the top rate starts above THB 5 million and there are no surcharges on top.	0% on the first THB 150,000, then 5% to THB 300,000	35% above THB 5 million	Flat 17% for returning Thai professionals; 15% election for approved international-business-centre expats
37	Vietnam	35%	Five bands on monthly income from 5% to 35%; the top rate starts above VND 100 million a month with no surcharges.	5% on the first VND 10 million/month of taxable income	35% above VND 100 million/month	5-year exemption for high-quality digital-industry personnel; science and innovation pay exempt
38	Canada	33% + province	Five federal brackets from 14% to 33%, plus provincial tax — combined top rates run from 44.5% (Nunavut) to 54.8% (Newfoundland).	14% federal after the CAD 16,452 basic personal amount	33% federal; 44.5% – 54.8% combined by province	No special expat regime; alternative minimum tax at 20.5% for high earners
39	Croatia	33%	Two bands — up to and above EUR 60,000 — with the exact rates (15–23% and 25–33%) set by each city and municipality.	15% – 23% after the EUR 600 monthly allowance	25% – 33% above EUR 60,000, by municipality	5-year exemption for returning Croatian citizens; youth reductions
40	Latvia	33%	25.5% up to EUR 105,300 and 33% above, plus a 3% surcharge on total income over EUR 200,000 — with 10.5% social contributions running alongside.	25.5% after the EUR 6,600 annual allowance	33% above EUR 105,300 (+3% surcharge over EUR 200,000)	Digital-nomad 15% election; micro-enterprise 25% turnover tax
41	Lithuania	32%	New 2026 scale: 20% to EUR 83,237, 25% to EUR 138,729, 32% above — with 19.5% employee social contributions alongside.	20%, after an allowance of up to EUR 747 a month	32% above EUR 138,729 (2026)	Business-certificate lump sums up to EUR 50,000 of income; 20% professional-activity rate to EUR 42,500
42	Poland	32%	Two brackets — 12% and 32% above PLN 120,000 — plus a 4% solidarity tax over PLN 1 million and a 9% health charge collected separately.	0% on the first PLN 30,000; 12% band to PLN 120,000	32% above PLN 120,000 (36% effective over PLN 1 million with solidarity tax)	PLN 85,529/year exempt for 4 years for new tax residents; under-26s exempt to PLN 85,528
43	El Salvador	30%	Four bands reaching 30% above USD 22,857, each pairing a statutory fixed quota with a rate on the excess — Salvadorean-source income only, with the bill capped at 30% of taxable income.	0% up to USD 6,600	30% above USD 22,857 (bill capped at 30% of taxable income)	New-investment technical staff: 10% on the first USD 100,000, excess exempt
44	Malaysia	30%	Ten steps from 0% to 30%; the top rate starts above MYR 2 million and non-residents pay a flat 30%.	0% on the first MYR 5,000, then 1% to MYR 20,000	30% above MYR 2 million	Flat 15% routes: returning experts (5 years), global services hub staff, Iskandar knowledge workers
45	Peru	30%	Work and foreign income climb five bands from 8% to 30%; capital income sits outside the scale at an effective 5%.	8% on the first 5 UIT (PEN 27,500) of taxable income	30% above 45 UIT (PEN 247,500)	Small-business regimes: 10%/29.5% for medium and small entrepreneurs, 1.5% monthly special regime
46	Belize	25%	Single flat national rate on employment income above the exempt zone. No municipal income taxes, no surcharges.	0% — total income up to BZD 29,000 is exempt (since January 2025)	25% flat	Qualified Retired Persons (QRP) pay nothing on foreign income
47	Costa Rica	25%	Employment income: monthly withholding scale to 25%. Self-employment: annual scale to 25%. Only Costa Rican-source income counts.	0% up to CRC 918,000/month (employment) or CRC 6,244,000/year (self-employed)	25% (above CRC 4,727,000/month employment; above CRC 20,872,000/year self-employed)	Family credits: CRC 1,710/month per child, CRC 2,590/month per spouse
48	Panama	25%	Three bands — 0%, 15% and 25% — with the top rate starting above PAB 50,000; only Panamanian-source income counts.	0% up to PAB 11,000	25% above PAB 50,000	Registered small enterprises: 7.5-22.5% reduced scale
49	Singapore	24%	Progressive 0–24%; the top rate only starts above SGD 1 million, and there are no social charges on top for foreigners.	0% on the first SGD 20,000	24% above SGD 1,000,000	Non-residents: flat 15% on salary or resident rates, whichever is higher
50	Czech Republic	23%	Flat 15% for most people; 23% only on income above 3 times the average wage — CZK 1,762,812 in 2026.	15%, offset by the CZK 30,840 basic credit	23% above CZK 1,762,812 (2026)	Lump-sum tax scheme for small self-employed; no special expat regime
51	Estonia	22%	One flat 22% on salaries, business income and gains — after a universal EUR 8,400 exemption, with employee social charges of just 1.6–7.6%.	0% on the first EUR 8,400 (EUR 9,312 from pension age)	22% flat	Ship crew on qualifying vessels: 0%; small-business account: 20% of receipts
52	Georgia	20%	Single flat national rate on Georgian-source income. No progressive scale, no municipal income taxes.	20% from the first lari — no general personal allowance	20% flat	Small Business Status — 1% of turnover up to GEL 500,000
53	Mauritius	20%	Three bands — 0%, 10% and 20% above MUR 1 million of chargeable income — plus the temporary 15% Fair Share Contribution above MUR 12 million.	0% on the first MUR 500,000	20% above MUR 1 million (+15% Fair Share Contribution above MUR 12 million)	10-year exemptions for licensed asset/fund managers and diaspora returnees
54	Hong Kong	15% / 17%	Progressive 2–17% on income after allowances, but never more than the 15%/16% standard rate on income before allowances — whichever is lower wins.	2% on the first HKD 50,000 of net chargeable income	17% progressive, capped at 15%/16% standard	Personal assessment can pool salaries, profits and property income under the 15% cap
55	Hungary	15%	A true flat personal income tax (szja) — 15% on salaries, rents and most income — with an 18.5% employee social contribution alongside and huge family-status exemptions.	15% from the first forint (0% for exempt groups)	15% flat	Under-25s and qualifying mothers exempt; 9% entrepreneurial flat tax
56	Montenegro	15%	Three bands — 0%, 9% and 15% above EUR 1,000 a month — plus a municipal surtax of 13-15% of the tax.	0% up to EUR 700/month	15% above EUR 1,000/month (+ municipal surtax on the tax)	8-year exemption (cap EUR 200,000) for new businesses in less developed regions
57	Switzerland	11.5% federal (+ canton)	The constitution caps the federal tax at 11.5%; cantonal and municipal taxes come on top and vary widely — total top rates run from about 22% (Zug) to about 45% (Geneva).	Federal 0% up to CHF 15,200 (single) / CHF 29,700 (married)	11.5% federal + canton/municipality (all-in top rates ≈ 22%–45% by canton)	Lump-sum taxation for non-working foreign residents
58	Andorra	10%	National tax only, capped at 10%. Three bands: 0% to EUR 24,000, 5% to EUR 40,000, 10% above.	0% up to EUR 24,000	10% above EUR 40,000	10% ceiling — the defining feature of the system
59	Bulgaria	10%	A true flat tax — 10% on salaries, freelance income and rents, with fixed cost deductions instead of allowances; sole traders pay 15%.	10% from the first euro	10% flat (15% for sole traders)	Municipal lump-sum (patent) tax for small trades under EUR 51,129 turnover
60	Romania	10%	Flat 10% on salaries, business income and rents — but 35% of gross pay goes to social contributions first, and unexplained income is taxed at 70%.	10% after contributions and the minimum-wage-linked allowance	10% flat (70% on unexplained income)	No special expat regime; construction/agriculture exemptions abolished in 2025
61	Bahrain	0%	No personal income tax exists — no national, municipal or emirate-style levy on individual earnings of any kind.	0% — no brackets exist	0%	0% applies to local and worldwide income alike
62	Monaco	0%	No personal income tax on any salary or investment income; only business activity with over 25% foreign turnover meets the 25% profits tax.	0%	0%	French nationals: French income tax under the 1963 treaty
63	Qatar	0% / 10%	No tax on employment or personal income; business and professional profits pay a flat 10% under corporate-style rules.	0%	0% personal; 10% business profits	Qatari and Gulf Cooperation Council nationals: exempt on business income too
64	Saudi Arabia	0% / 20%	No tax on employment or personal income; business profits of non-Saudi individuals pay a flat 20%, and Saudi/Gulf nationals' businesses pay 2.5% Zakat instead.	0%	0% personal; 20% business (2.5% Zakat for Saudi/Gulf nationals)	Resident via domicile + 30 days, or 183 days in the tax year
65	United Arab Emirates	0%	No personal income tax on any salary, at any level; only business activity above AED 1m turnover meets the corporate regime.	0%	0%	Business turnover above AED 1 million: corporate tax applies

Denmark#1

≈ 60.5%

Municipal ~25% + state tiers (12.01/7.5/7.5/5%) capped at 57.07%, plus the 8% labour-market contribution — stepping from ~42% to ~60.5% marginal.

Entry band:
Top rate:

Japan#2

≈ 56%

National 5–45% plus the 2.1% reconstruction surtax and a flat 10% inhabitant tax — 55.945% combined at the top.

Entry band:
Top rate:

Austria#3

55%

50% above €104,859; the 55% band starts only at €1 million (legislated through 2029). No local income taxes.

Entry band:
Top rate:

Finland#4

≈ 55%

State tax to 37.5% above €52,100 + municipal 4.7%–10.9% + optional church tax — roughly 55% top marginal once contributions are counted.

Entry band:
Top rate:

Sweden#5

≈ 52%

Municipal tax (avg 32.38%) on all earned income plus 20% national tax above SEK 643,000 — no national tax at all below that line.

Entry band:
Top rate:

Belgium#6

50%

50% above €51,070 — one of Europe's lowest top-rate thresholds — plus municipal surcharges averaging about 7% of the tax.

Entry band:
Top rate:

Slovenia#7

50%

Five brackets from 16% to 50% (above EUR 82,346 in 2026) on active income; passive income sits outside at flat rates.

Entry band:
Top rate:

Netherlands#8

49.5%

Top Box 1 rate above €78,426; the first band's 35.75% bundles 27.65% of national insurance with 8.1% of income tax.

Entry band:
Top rate:

South Korea#9

49.5%

Eight brackets from 6% to 45%, plus local income tax at 10% of the bill — 49.5% all-in at the top.

Entry band:
Top rate:

Portugal#10

48%

Top band 48% above €86,634; a solidarity charge adds 2.5% over €80,000 and 5% over €250,000.

Entry band:
Top rate:

Norway#11

47.4%

22% flat on net income + bracket tax up to 17.8% on gross salary above NOK 1,467,200 + 7.6% national insurance.

Entry band:
Top rate:

Spain#12

47%

Standard combined scale tops at 47% above €300,000; regions set their own half of the scale, so the real top rate depends on where in Spain you live.

Entry band:
Top rate:

Australia#13

45%

45% above AUD 190,000, plus the 2% Medicare levy — a 47% top marginal rate (48.5% without private health insurance at high incomes).

Entry band:
Top rate:

France#14

45%

45% above €181,917 per household part, plus 3–4% surcharges over €250,000/€500,000 and a 20% minimum effective rate at those levels; social charges of 9.7% apply to salary separately.

Entry band:
Top rate:

Germany#15

45%

Progressive glide from 14% to 42% at €69,879, 45% above €277,825; solidarity surcharge adds 5.5% of the tax for higher earners.

Entry band:
Top rate:

South Africa#16

45%

Single national scale — no provincial or municipal income taxes. Capital gains feed into the same scale at a 40% inclusion rate.

Entry band:
Top rate:

United Kingdom#17

45%

45% above £125,140; 40% from £50,270; National Insurance adds up to 8% on top — and the personal allowance tapers away above £100,000.

Entry band:
Top rate:

Greece#18

44%

Progressive 9–44% with no local income taxes and no solidarity surcharge; middle-band rates drop with each dependent child.

Entry band:
Top rate:

Italy#19

43%

National top band 43% above €50,000; regional (1.23%–3.33%) and municipal (up to 0.9%) surcharges lift the true top rate to roughly 45–47% depending on where you live.

Entry band:
Top rate:

Luxembourg#20

42% (45.78% marginal)

42% above €234,870, plus a 7%–9% employment-fund surcharge on the tax — a 45.78% true top marginal rate — and a 1.4% dependency contribution.

Entry band:
Top rate:

Chile#21

40%

Eight bands from 0% to 40%, written in annual tax units; the top rate starts above 310 units — about CLP 259 million.

Entry band:
Top rate:

Ireland#22

40%

40% above €44,000 (single), plus Universal Social Charge up to 8% and 4.2% social insurance — a top marginal stack around 52%.

Entry band:
Top rate:

Turkey#23

40%

Five bands from 15% to 40% above TRY 5.3 million; employment income enjoys a wider 27% band (to TRY 1.5 million) and the minimum-wage exemption.

Entry band:
Top rate:

Colombia#24

39%

Seven bands from 0% to 39%, all set in tax value units; the top rate starts above 31,000 units — about COP 1.6 billion.

Entry band:
Top rate:

New Zealand#25

39%

Five rates from 10.5% to 39% above NZD 180,000 — with no social security on top, just a ~1.4% accident levy.

Entry band:
Top rate:

Ecuador#26

37%

Ten bands from 0% to 37%; the top rate starts above USD 109,956 and there are no surcharges.

Entry band:
Top rate:

United States#27

37%

37% federal above $640,600 (single) / $768,700 (joint); state income taxes add 0–13%+ and vary — figures shown are federal.

Entry band:
Top rate:

Uruguay#28

36%

Work income climbs eight bands from 0% to 36%; capital income never enters the scale — it pays flat 12%.

Entry band:
Top rate:

Argentina#29

35%

Nine bands from 5% to 35%, re-indexed semi-annually; generous employee allowances push the real tax-free line to roughly ARS 30 million.

Entry band:
Top rate:

Cyprus#30

35%

Progressive 0–35% from 2026, with the 0% band at EUR 22,000 and the top rate only above EUR 72,000; a 2.65% capped health contribution runs alongside.

Entry band:
Top rate:

Indonesia#31

35%

Five bands from 5% to 35%; the top rate starts above IDR 5 billion and there are no surcharges.

Entry band:
Top rate:

Malta#32

35%

Progressive 0–35% with no social surcharges on top; the 35% starts at EUR 60,000 for everyone, but the 0% band depends on family status.

Entry band:
Top rate:

Mexico#33

35%

Eleven brackets from 1.92% to 35% (above MXN 5.1 million in 2026); no state income taxes on top for individuals.

Entry band:
Top rate:

Philippines#34

35%

Six bands from 0% to 35%; the top rate starts above PHP 8 million and there are no surcharges.

Entry band:
Top rate:

Slovakia#35

35%

New for 2026: 19/25/30/35% progressive scale on employment income, plus an uncapped 5% health charge; small business income enjoys 15%.

Entry band:
Top rate:

Thailand#36

35%

Eight steps from 0% to 35%; the top rate starts above THB 5 million and there are no surcharges on top.

Entry band:
Top rate:

Vietnam#37

35%

Five bands on monthly income from 5% to 35%; the top rate starts above VND 100 million a month with no surcharges.

Entry band:
Top rate:

Canada#38

33% + province

Five federal brackets from 14% to 33%, plus provincial tax — combined top rates run from 44.5% (Nunavut) to 54.8% (Newfoundland).

Entry band:
Top rate:

Croatia#39

33%

Two bands — up to and above EUR 60,000 — with the exact rates (15–23% and 25–33%) set by each city and municipality.

Entry band:
Top rate:

Latvia#40

33%

25.5% up to EUR 105,300 and 33% above, plus a 3% surcharge on total income over EUR 200,000 — with 10.5% social contributions running alongside.

Entry band:
Top rate:

Lithuania#41

32%

New 2026 scale: 20% to EUR 83,237, 25% to EUR 138,729, 32% above — with 19.5% employee social contributions alongside.

Entry band:
Top rate:

Poland#42

32%

Two brackets — 12% and 32% above PLN 120,000 — plus a 4% solidarity tax over PLN 1 million and a 9% health charge collected separately.

Entry band:
Top rate:

El Salvador#43

30%

Four bands reaching 30% above USD 22,857, each pairing a statutory fixed quota with a rate on the excess — Salvadorean-source income only, with the bill capped at 30% of taxable income.

Entry band:
Top rate:

Malaysia#44

30%

Ten steps from 0% to 30%; the top rate starts above MYR 2 million and non-residents pay a flat 30%.

Entry band:
Top rate:

Peru#45

30%

Work and foreign income climb five bands from 8% to 30%; capital income sits outside the scale at an effective 5%.

Entry band:
Top rate:

Belize#46

25%

Single flat national rate on employment income above the exempt zone. No municipal income taxes, no surcharges.

Entry band:
Top rate:

Costa Rica#47

25%

Employment income: monthly withholding scale to 25%. Self-employment: annual scale to 25%. Only Costa Rican-source income counts.

Entry band:
Top rate:

Panama#48

25%

Three bands — 0%, 15% and 25% — with the top rate starting above PAB 50,000; only Panamanian-source income counts.

Entry band:
Top rate:

Singapore#49

24%

Progressive 0–24%; the top rate only starts above SGD 1 million, and there are no social charges on top for foreigners.

Entry band:
Top rate:

Czech Republic#50

23%

Flat 15% for most people; 23% only on income above 3 times the average wage — CZK 1,762,812 in 2026.

Entry band:
Top rate:

Estonia#51

22%

One flat 22% on salaries, business income and gains — after a universal EUR 8,400 exemption, with employee social charges of just 1.6–7.6%.

Entry band:
Top rate:

Georgia#52

20%

Single flat national rate on Georgian-source income. No progressive scale, no municipal income taxes.

Entry band:
Top rate:

Mauritius#53

20%

Three bands — 0%, 10% and 20% above MUR 1 million of chargeable income — plus the temporary 15% Fair Share Contribution above MUR 12 million.

Entry band:
Top rate:

Hong Kong#54

15% / 17%

Progressive 2–17% on income after allowances, but never more than the 15%/16% standard rate on income before allowances — whichever is lower wins.

Entry band:
Top rate:

Hungary#55

15%

A true flat personal income tax (szja) — 15% on salaries, rents and most income — with an 18.5% employee social contribution alongside and huge family-status exemptions.

Entry band:
Top rate:

Montenegro#56

15%

Three bands — 0%, 9% and 15% above EUR 1,000 a month — plus a municipal surtax of 13-15% of the tax.

Entry band:
Top rate:

Switzerland#57

11.5% federal (+ canton)

The constitution caps the federal tax at 11.5%; cantonal and municipal taxes come on top and vary widely — total top rates run from about 22% (Zug) to about 45% (Geneva).

Entry band:
Top rate:

Andorra#58

10%

National tax only, capped at 10%. Three bands: 0% to EUR 24,000, 5% to EUR 40,000, 10% above.

Entry band:
Top rate:

Bulgaria#59

10%

A true flat tax — 10% on salaries, freelance income and rents, with fixed cost deductions instead of allowances; sole traders pay 15%.

Entry band:
Top rate:

Romania#60

10%

Flat 10% on salaries, business income and rents — but 35% of gross pay goes to social contributions first, and unexplained income is taxed at 70%.

Entry band:
Top rate:

Bahrain#61

No personal income tax exists — no national, municipal or emirate-style levy on individual earnings of any kind.

Entry band:
Top rate:

Monaco#62

No personal income tax on any salary or investment income; only business activity with over 25% foreign turnover meets the 25% profits tax.

Entry band:
Top rate:

Qatar#63

0% / 10%

No tax on employment or personal income; business and professional profits pay a flat 10% under corporate-style rules.

Entry band:
Top rate:

Saudi Arabia#64

0% / 20%

No tax on employment or personal income; business profits of non-Saudi individuals pay a flat 20%, and Saudi/Gulf nationals' businesses pay 2.5% Zakat instead.

Entry band:
Top rate:

United Arab Emirates#65

No personal income tax on any salary, at any level; only business activity above AED 1m turnover meets the corporate regime.

Entry band:
Top rate:

Source: 2026 tax dataset · updated 2026-07-11 · rates are headline figures — see each country's tax guide for the full picture.

All rankings