In the countries of the world, tax rates are practically unchanged or only slightly changed. According to KPMG, the average rates of income, corporate and indirect taxes over the past 7 years (from 2006 to 2013) have changed slightly.
If we sum up all types of taxation, then the leading country in the world for this indicator is the Gambia. According to data provided by the World Bank and the PricewaterhouseCoopers audit network, opening a company in the Gambia will have to pay 283.5% of the profit in taxes in the second year of its existence.
The second country in terms of the average level of taxation is the Comoros. There this figure is 217.9%. Also, an indicator above 100% was found in the Democratic Republic of the Congo (118.1%) and Argentina (107.8%). Of the European countries in this list, Italy occupies the first place with an average level of taxation of 65.8%.
Highest corporate tax rate
The highest corporate tax rates, according to KPMG, are recorded in the UAE, where the rate is 55%. The rates are significantly lower, but also high in the USA (40%) and Japan (38.01%). Among European countries, this rating is topped by Belgium with a rate of 33, 99% and France (33, 33%).
Highest indirect tax rate
Indirect taxes include taxes regulated at the federal level and presented in the form of excise taxes, fees, duties. These are value added tax, customs duties, sales tax, etc. According to the rating compiled by KPMG, the highest rates of indirect taxes were found in Hungary (27%), Iceland (25.5%), Denmark, Norway, Croatia and Sweden (25% everywhere).
Highest income tax rate
According to KPMG, the highest income tax rate in the world is recorded in the jurisdiction of Aruba, which is a federal subject of the Kingdom of the Netherlands. There the income tax rate is 58, 95%. In Sweden this figure is 56.6%, in Denmark - 55.56%. Income tax rates are also high in the Netherlands, Spain (in both countries - 52%), Finland (51, 13%), Japan (50, 84%). In other countries, this figure is below 50%.
Lowest tax rates
It should be noted that there are still territories that do not levy corporate and indirect taxes: Bermuda, Bahrain, Cayman Islands, Bahamas, Guernsey. There are officially no taxes in the DPRK at all. The lowest income tax rates are recorded in Albania, Bulgaria, Bosnia and Herzegovina and Kazakhstan (10%). In the autonomous territory of Macau and Belarus, this tax is 12%. Then comes Russia with a rate of 13%.
