What are the tax rates around the world?

List of Countries by Personal Income Tax Rate

Country Last Previous
Japan 55.97 55.95
Denmark 55.9 55.9
Austria 55 55
Sweden 52.9 32.3

What countries have the highest tax rates in the world?

Highest Taxed Countries 2021

Country Highest Income Tax Corporate Tax
Japan 55.95% 29.74%
Denmark 55.86% 22%
Switzerland 55.00% 17.92%
Austria 55.00% 25%

Does New Zealand tax worldwide income?

New Zealand tax residents As a New Zealand tax resident, you’ll generally pay tax on your worldwide income to New Zealand. Examples of worldwide income are: rental income from a property overseas. interest from a New Zealand bank account.

Does tax differ in other countries besides NZ?

1 Note that some countries, such as New Zealand, tax welfare payments while others do not. This can create apparent differences in tax collected as a percent of GDP. 2 The actual figure reported in the previous BIM was 36 percent. The OECD has since revised the figure for the 2007–08 year to 35.1 percent.

Which country has the fairest tax system?

Tax Competitiveness Index 2020: Estonia has the world’s best tax system – no corporate income tax, no capital tax, no property transfer taxes. For the seventh year in a row, Estonia has the best tax code in the OECD, according to the freshly published Tax Competitiveness Index 2020.

What country has the easiest taxes?

New Zealand one of the world’s simplest tax systems.

Where can I live tax-free?

The Best Tax Havens to Live In

  • Taking a tax break.
  • Tax-friendly living.
  • Bermuda.
  • Bahamas.
  • Mauritius.
  • British Virgin Islands & Cayman Islands.
  • Panama.
  • Andorra.

What are the income tax rates in New Zealand?

Income tax rates. New Zealand has progressive or gradual tax rates. The rates increase as your income increases. For each dollar of income. Tax rate. Up to $14,000. 10.5%. Over $14,000 and up to $48,000. 17.5%.

Is there a list of countries by tax rate?

List of Countries by Personal Income Tax Rate – provides a table with the latest tax rate figures for several countries including actual values, forecasts, statistics and historical data.

How does double taxation work in New Zealand?

Double taxation agreements. Individuals who are tax resident in more than one country may be liable to pay tax more than once on the same income. New Zealand has double taxation agreements with various countries that set out which country will tax specific types of income.

When did capital gains tax start in New Zealand?

The New Zealand Government for the first time will introduce a very limited capital gains tax on property, to apply from 1 October 2015. The rate will be the same as the seller’s income tax rate.