The 2018 STC TAXATION INDEX
 

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Rank COUNTRY CITY Source Tax Residence Index Income tax on 100K Income tax $1M Corporate tax General Sales Tax Social Security total Inheritance tax-(Children) Capital gain on local publicly traded shares Dividend tax on local publicly traded shares Dividend tax on foreign shares Wealth Tax Exit Tax Special Tax regime China tax treaty
1 Cayman Islands George Town None N/A 1 0 0 0 0 0 0 0 0 0 0 0 None y
2 Turks and Caicos Islands Cockburn Town None N/A 0.99 0 0 0* 0%* 6% 0 0 0 0 0 0 None n
2 Turks and Caicos Islands Providenciales None N/A 0.99 0 0 0* 0%* 6% 0 0 0 0 0 0 None n
4 UAE Abu Dhabi None N/A 0.98 0 0 0 5% 0 0 0 0 0 0 0 None y
4 UAE Dubai None N/A 0.98 0 0 0 5% 0 0 0 0 0 0 0 None y
6 British Virgin Islands Road town None N/A 0.98 0 0 0 0 14% 0 0 0 0 0 0 None y
7 Anguilla The Valley Territorial N/A 0.97 0 0 0 0 16% 0 0 0 0 0 0 None n
8 Qatar Doha Territorial 183 days or vital interests 0.97 0 0 10% 5%* 0* 0 0 0 0 0 0 None y
9 Kuwait Kuwait City None N/A 0.96 0 0 0%* 0* 22% 0 0 0 0 0 0 None y
10 Bahamas Nassau None N/A 0.96 0 0 0* 7.50% 9.80% 0 0 0 0 0 0 None y
11 Bahrain Manama None N/A 0.96 0 0 0 5% 17% 0 0 0 0 0 0 None y
12 Bermuda Hamilton None N/A 0.94 0 0 0 0 19% 20%* 0 0 0 0 0 None y
13 Oman Muscat None N/A 0.93 0 0 15% 5%* 18.50% 0 0 0 0 0 0 None y
14 Vanuatu Port Vila None N/A 0.9 0 0 5% of gross income* 12.50% 8% 0 0 0 0 0 0 None n
15 Monaco Monaco None 183 days 0.88 0 0 0 or 33%* 20% 30% 0 0 0 0 0 0 None n
16 Antigua and Barbuda Saint John's Worldwide 183 days 0.87 0% 0% 25% 15% 22%* 0 0%* 0% 0% 0 0 None n
17 Saint Kitts and Nevis Basseterre None N/A 0.86 0 0 33% 17% 18.50% 0 0 0 0 0 0 None n
18 Saudi Arabia Jeddah Worldwide Residential ties and 30 days 0.85 0%* 0%* 20%* 5% 22%* 0 20% 20% 0 0 0 None y
19 Saudi Arabia Riyadh Worldwide Residential ties and 30 days 0.85 0%* 0%* 20%* 5% 22%* 0 20% 20% 0 0 0 None y
20 Gibraltar Gibraltar Territorial* 183 days 0.84 14% 20% 10% 0 30% 0 0 0 0 0 0 Lump Sum* n
21 Morocco Dakhla Worldwide 183 days or residential ties 0.83 0* 0* 0* 20% 27.83% 4%* 0* 0* 0* 0 0 None y
22 Hong Kong Hong Kong Territorial 180 days* 0.82 15% 15% 16.50% 0 0 0 0.10% 0 0 0 0 None y
23 Macau Macau Territorial N/A 0.81 6.2%* 6.2%* 12% 0 9.38$ 0 3%* 12% 12% 0 0 None y
24 Liechtenstein Vaduz Worldwide 6 months 0.8 4.50% 16.95% 12.50% 8% 12.67%* 0 0 0 0 1%* 0 Lump Sum y
25 Andorra Andorra la Vella Worldwide 183 days 0.78 10% 10% 5% 4.5% 0% 0% 10% 10% 0% 0% 0% None n
26 Jersey Saint Helier Worldwide 6 months or residential ties 0.76 20% 20%* 0* 5% 12.50% 0 0 0 0 0 0 None y
27 Libya Tripoli Territorial N/A 0.76 13% 13% 24% 0% 15.00% 0 10% 10% 0 0 0 None n
28 Kazakhstan Astana Worldwide 183 days or vital interests 0.76 10% 10% 30% 12% 21% 0 10% 5% 5% 0 0 AIFC* y
29 Paraguay Asuncion Territorial 120 days 0.75 8% 10% 10% 10% 25.50% 0 Income 5% 0 0 0 None n
30 Guatemala Guatemala City Territorial 183 days 0.74 7% 7% 25% 12% 17.50% 0 10% 5% 0% 0 0 None n
31 Singapore Singapore Territorial 183 days 0.74 8% 20.35% 17% 7% 37% 0 0 0 0 0 0 None y
32 Cambodia Phnom Penh Worldwide 183 days or residential ties 0.73 20% 20% 20% 10% 3.40% 0 0 0 0 0 0 None y
33 Malaysia Kuala Lumpur Territorial 182 days 0.72 21.73% 27% 24% 6% 21% 0 0 0 0 0 0 None y
34 Thailand Bangkok Worldwide 180 days 0.72 20% 35% 20% 7% 10% 5%* 0 10% 0* 0 0 Foreign income* y
34 Thailand Phuket Worldwide 180 days 0.72 20% 35% 20% 7% 10% 5%* 0 10% 0* 0 0 Foreign income* y
36 Angola Luanda Territorial 183 days 0.72 17% 17% 30% 10% 11% 15% 0 0 0 0 0 None n
37 Bolivia La Paz Territorial Tax on local income only 0.72 13% 13% 25% 14.94% 29.42% 0 0 0 0 0 0 None n
38 Seychelles Victoria Territorial 183 days 0.71 15% 15% 33%* 15% 4% 0 0 15% 0 0 0 None y
39 Isle of Man Douglas Worldwide 6 months or residential ties 0.71 10.30% 20% 0%* 20% 23.8% 0 0 0 0 0 0 None y
40 Georgia Tbilisi Territorial 183 days 0.71 20% 20% 15% 18% 0 0 20% 5%* 0 0 0 None y
41 Lebanon Beirut Territorial 183 days or residential ties 0.7 20% 20% 15% 10% 25.50% 12% 0% 10% 0 0 0 None n
42 Honduras Tegucigalpa Territorial 90 days 0.7 25% 25% 25%* 15% 7.50% 0 10% 0% 0% 0 0 None y
43 Mauritius Port Louis Worldwide 183 days* 0.69 15% 15% 15% 15% 14% 15%* 0 0 0 0 0 None y
44 Panama Panama City Territorial 183 days 0.69 20% 25% 25% 7% 25% 0 10% 10% 0% 0 0 None n
45 Nicaragua Managua Territorial 180 days or economic interest 0.68 30% 30% 30% 15% 14.25% 0* 10% 10% 0 0 0 Non-resident n
46 Honduras San Pedro Sula Territorial 90 days 0.68 25% 25% 25%* 15% 15.50% 0 10% 0% 0% 0 0 None n
47 Bulgaria Sofia Worldwide 183 days or residential ties 0.68 10% 10% 10% 20% 32.40% 0.40% 0 10% 0% 0 0 None y
48 Laos Vientiane Worldwide N/A 0.68 24% 24% 24% 10% 11.50% 0 0% 0% 10% 0 0 None y
49 Jordan Amman Worldwide 183 days 0.68 20% 20% 20% 16% 21.75% 0 0 0 0 0 0 None n
50 Kazakhstan Almaty Worldwide 183 days or vital interests 0.68 10% 10% 30% 12% 21% 0 10% 5% 5% 0 0 None y
51 Iraq Baghdad Worldwide 6 months or 4 months continious 0.67 15% 15% 15% 0* 30% 0 15% 15% 15% 0 0 None n
52 Nigeria Lagos Worldwide 183 days 0.67 24% 24% 30% 5% 23% 0 0% 0 10% 0 0 None y
53 Syria Damascus Territorial Residential ties 0.66 20% 22% 31%* 0* 24.10% 25%* Income 0 0 0 0 None y
54 Belarus Minsk Worldwide 183 days 0.66 12% 12% 26.30% 20% 35% 0 0 0 0 0 0 None y
55 Grenada Saint George's Worldwide 183 days 0.65 26% 30% 30% 15% 9% 0 0.75%* 0.75%* 0.75%* 0 0 None n
56 Saint Lucia Castries Worldwide 183 days or residential ties 0.65 29.62% 30% 30.00% 15% 10% 0 0 0 0* 0 0 None n
57 Russia Moscow Worldwide 183 days 0.65 13% 13% 20% 18% 30% 0 0 9% 9% 0 0 None y
57 Russia Saint Petersburg Worldwide 183 days 0.65 13% 13% 20% 18% 30% 0 0 9% 9% 0 0 None y
59 Syria Aleppo Territorial Residential ties 0.65 20% 22% 37%* 0* 24.10% 25%* Income 0 0 0 0 None y
60 El Salvador San Salvador Worldwide 200 days or main source of income 0.64 27% 30% 30% 13% 23.50% 0 0 0 0 0 0 None n
61 Montenegro Budva Worldwide 183 days or vital interests 0.64 11.5% 12.6% 9% 21% 24.30% 0 Income Income Income 0 0 None y
62 Tanzania Dar es Salaam Worldwide 183 days or residential ties* 0.63 30% 30% 30% 18% 21% 0 0 5% 10% 0 0 Short term resident* n
63 Cyprus Limassol Worldwide 60 days or 183 days* 0.63 30% 35% 12.50% 19% 19.30% 0 0 17% 17% 0 0 Non-domicile* y
63 Cyprus Nicosia Worldwide 60 days or 183 days* 0.63 30% 35% 12.50% 19% 19.30% 0 0 17% 17% 0 0 Non-domicile* y
65 Costa Rica San Jose Territorial 6 months* 0.63 23% 25% 30% 13% 35.67% 0 0 25% 0 0 0 None n
66 Malta Valletta Worldwide Residence ties* 0.62 23.32% 15%* 35% 18% 20% 2%* Income Income Income 0 0 Flat Rate (15%)* y
67 Mongolia Ulaanbaatar Worldwide 183 days 0.62 25% 25% 25% 10% 22% 0 10% 10% 10% 0 0 None y
68 Peru Lima Worldwide 183 days 0.62 24% 30% 30% 18% 9% 0 5% 8% 8% 0 0 None n
69 Egypt Cairo Worldwide 183 days or residential ties 0.62 22% 22.50% 22.50% 14% 35% 0 0 10%* 10% 0 0 None y
70 Sri Lanka Colombo Worldwide 183 days 0.62 22% 24% 28% 15% 23% 0 0 Income 0 0 0 None y
71 Romania Bucharest Worldwide 183 days or vital interests 0.61 16% 16% 16% 19% 39.25% 0 16% 5% 5% 0 0 None y
72 Ukraine Kiev Worldwide Vital interests or 183 days 0.61 19.5%* 19.5%* 18% 20% 22% 0* 6.5%* 6.5%* 19.5%* 0 0 None y
73 Cape Verde Praia Worldwide 183 days or residential ties 0.61 27.50% 27.50% 25.5% 15% 23% 0 1% 10% 10% 0 0 None n
74 Comoros Moroni Worldwide 183 days 0.61 30% 30% 35% 0 0 15% 15% 15% 15% 0 0 None n
75 Moldova Chisinau Worldwide 183 days or residential ties 0.61 17% 18% 12% 20% 38% 0 Income 6% 6% 0 0 None y
76 Indonesia Jakarta Worldwide 183 days 0.61 27% 30% 25% 10% 13.24% 0 0.1% of transaction 10% Income 0 0 None y
77 Czech Republic Prague Worldwide 183 days or residential ties 0.61 15% 15% 19% 21% 35% 0 0 15% 15% 0 0 None y
78 Kenya Nairobi Worldwide 183 days* 0.61 30% 30% 30% 16% 20$ 0 0 5% Income 0 0 None n
79 Fiji Suva Worldwide 183 days 0.6 20% 29% 20% 9% 18% 0 10% 15% Income 0 0 None n
80 Uzbekistan Tashkent Worldwide 183 days 0.6 23% 23% 7.50% 20% 32.50% 0 Income 10%* 0 0 0 None y
81 Pakistan Karachi Worldwide 183 days 0.6 30% 30% 30% 17% 12% 0 0 12.50% 12.50% 0 0 None y
81 Pakistan Lahore Worldwide 183 days 0.6 30% 30% 30% 17% 12% 0 0 12.50% 12.50% 0 0 None y
83 Serbia Belgrade Worldwide Vital interests or 183 days 0.6 10% 15% 15% 20% 37.8 0 15% 15% 15% 0 0 None y
84 India Chennai Worldwide 182 days* 0.59 30% 36% 33.6% 12.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
85 India Delhi Worldwide 182 days* 0.59 30% 36% 33.6% 12.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
86 India Hyderabad Worldwide 182 days* 0.59 30% 36% 33.6% 12.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
87 India Mumbai Worldwide 182 days* 0.59 30% 36% 33.6% 13% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
88 Taiwan Kaohsiung Territorial* 183 days or vital interests* 0.59 22% 44% 17% 5% 20.05% 10%* Income* 0 20%* 0 0 None y*
88 Taiwan Taichung Territorial* 183 days or vital interests* 0.59 22% 44% 17% 5% 20.05% 10%* Income* 0 20%* 0 0 None y*
88 Taiwan Taipei Territorial* 183 days or vital interests* 0.59 22% 44% 17% 5% 20.05% 10%* Income* 0 20%* 0 0 None y*
91 India Bangalore Worldwide 182 days* 0.59 30% 36% 33.6% 14.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
92 India Kolkata Worldwide 182 days* 0.59 30% 36% 33.6% 14.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
93 Dominican Republic Santo Domingo Worldwide 183 days 0.59 24% 25% 27% 18% 16.9 3%* 27% 0 0 1% 0 None n
94 Hungary Budapest Worldwide 183 days or vital interests* 0.57 15% 15% 9% 27% 38.50% 0 15% 15% 15% 0 0 None n
95 Estonia Tallinn Worldwide 183 days or residential ties 0.57 18% 20% 20% 20% 39% 0 20%* 20%* 0* 0 0 None y
96 Latvia Riga Worldwide 183 days or residential ties 0.57 23% 23% 20%* 21% 34.09% 0.5%* 15% 0%* 20% 0 0 None y
97 US Virgin Islands Charlotte Amalie Citizenshsip Nationals and lawfull permanent residents* 0.57 10.48% 30.41% 24.5%* 2% 15.3 0 23.8% 20% Income 0 Capital Gain* None y
98 Barbados Bridgetown Worldwide 183 days 0.57 26% 32.70% 25%* 17.50% 21.35% 0 0 Income Income 0 0 Non-domicle* y
99 Azerbaijan Baku Worldwide 183 days 0.57 25% 25% 20% 18% 25% 0 25% 25% 25% 0 0 Investor Certificate* y
100 New Zealand Auckland Worldwide 183 days or residential ties 0.56 26.66% 32.36% 28% 15% 2.01%* 0 0 Income Income 0 0 None y
101 China Foshan Worldwide Residential ties 0.56 43.50% 45.00% 25%* 17% 34.25% 0 0 10%* 20% 0 0 Non-domicile* y
101 China Guangzhou Worldwide Residential ties 0.56 43.50% 45.00% 25%* 17% 34.25% 0 0 10%* 20% 0 0 Non-domicile* y
101 China Shenzhen Worldwide Residential ties 0.56 43.50% 45.00% 25%* 17% 34.25% 0 0 10%* 20% 0 0 Non-domicile* y
104 Albania Durres Worldwide 183 days or residential ties 0.55 23% 23% 15% 20% 27.90% 0 15% 23% 23% 0 0 None y
105 Mexico Mexico City Worldwide Vital interests 0.55 30% 34.45% 30% 16% max $4310/y 0 10% 0* Income 0 0 None y
106 China Changsha Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Chengdu Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Chongqing Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Hangzhou Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Nanjing Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Ningbo Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Qingdao Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Shenyang Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Suzhou Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Tianjin Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Wuhan Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Wuxi Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
118 Philippines Manila Worldwide 180 days 0.54 32% 32% 30% 12% 260$ 20% 3.5% of transaction* 0.5% of transaction* Income 0 0 None y
119 China Beijing Worldwide Residential ties 0.54 43.50% 45.00% 25%* 17% 44% 0 0 10%* 20% 0 0 Non-domicile* y
119 China Shanghai Worldwide Residential ties 0.54 43.50% 45.00% 25%* 17% 43.65% 0 0 10%* 20% 0 0 Non-domicile* y
121 Dominica Roseau Worldwide 183 days* 0.53 29.16% 35% 25% 15% 12.25% 0 0 Income* Income* 0 0 None n
122 Colombia Bogota Worldwide 183 days* 0.53 31% 33% 33%* 16% 24.50% Capital Gains 0 0 Income 1.50% 0 None n
122 Colombia Cali Worldwide 183 days* 0.53 31% 33% 33%* 16% 24.50% Capital Gains 0 0 Income 1.50% 0 None n
122 Colombia Medellin Worldwide 183 days* 0.53 31% 33% 33%* 16% 24.50% Capital Gains 0 0 Income 1.50% 0 None n
125 Slovakia Bratislava Worldwide 183 days or residential ties 0.53 25% 25% 21% 20% 48.60% 0 0% 7% 35% 0 0 None y
126 Luxembourg Luxembourg City Worldwide 6 months 0.53 17.11% 32.41% 26% 17% 28.75% 0 1/2 of Income* 1/2 of Income Income 0* 0 None y
127 Canada Vancouver Worldwide 183 days or residential ties 0.53 20.35% 46.17% 27.0% 12% 7.14%* 0* 1/2 of Income 10.40% Income 0 Capital Gains* None y
128 Tunisia Tunis Worldwide 183 days or residential ties 0.52 33% 35% 25% 18% 25.75% 2.50% 10% 5% Income 0 0 None y
129 Brazil Belo Horizonte Worldwide 183 days* 0.52 27.20% 27.50% 34%* 20% 33.50% 5% 15% 0 Income 0 0 None y
129 Brazil Brasilia Worldwide 183 days* 0.52 27.20% 27.50% 34%* 20% 33.50% 6% 15% 0 Income 0 0 None y
129 Brazil Rio de Janeiro Worldwide 183 days* 0.52 27.20% 27.50% 34%* 20% 33.50% 4% 15% 0 Income 0 0 None y
129 Brazil Sao Paulo Worldwide 183 days* 0.52 27.20% 27.50% 34%* 20% 33.50% 4% 15% 0 Income 0 0 None y
131 Switzerland Lausanne Worldwide Vital interests or 30 days* 0.52 18.89% 41.61% 28.35% 7.7% 14.08% 3.50% 0.00% Income Income 3.39% 0.00% Lump Sum y
132 Turkey Istanbul Worldwide 6 months 0.52 32% 35% 22% 18% 34.50% 15% 0 1/2 of Income 1/2 of Income 0 0 None y
133 Chile Santiago Worldwide 6 months* 0.52 35% 35% 25.50% 19% 23% 0 35% 35% 8%* 0 0 Non-domicile* y
134 Switzerland Zurich Worldwide Vital interests or 30 days* 0.52 12.87% 36.83% 26.82% 7.7% 14.08% 0 0.00% Income Income 3% 0% Abolished y
137 Switzerland Geneva Worldwide Vital interests or 30 days* 0.51 14.72% 40.33% 32.16% 7.7% 14.08% 0 0.00% Income Income 4.50% 0.00% Lump Sum y
138 South Africa Cape Town Worldwide 91 days in each of the last 5 years* 0.51 34% 45% 28% 14% 4.55% 20%* 16.4%* 20% 20% 0 0 None y
138 South Africa Johannesburg Worldwide 91 days in each of the last 5 years* 0.51 34% 45% 28% 14% 4.55% 20%* 16.4%* 20% 20% 0 0 None y
140 Canada Toronto Worldwide 183 days or residential ties 0.51 21.90% 49.56% 26.50% 13% 7.14%* 0* 1/2 of Income 11.30% Income 0 Capital Gains* None y
141 Croatia Split Worldwide 183 days* 0.5 44%* 44%* 18% 25% 37.20% 0 0 12% 12% 0 0 None y
142 Uruguay Montevideo Worldwide Vital interests or 183 days 0.5 35.60% 37.60% 25% 22% 30.75% 0 12% 7% 12% 1.50% 0 None n
143 Iran Tehran Territorial N/A 0.5 33% 35% 25% 9% 30% 35% 0.5% of transaction 28% Income 0 0 None y
144 South Korea Busan Worldwide 183 days or residential ties 0.5 18%* 38.52%* 24.20% 10% 17.67% 50%* 0* Income Income* 0 0 Non-permanent* y
144 South Korea Seoul Worldwide 183 days or residential ties 0.5 18%* 38.52%* 24.20% 10% 17.67% 50%* 0* Income Income* 0 0 Non-permanent* y
146 Venezuela Caracas Worldwide 184 days 0.5 30% 34% 34%* 12% 23% 0 1% of transaction 34% 34% 0 0 None y
147 Venezuela Maracaibo Worldwide 184 days 0.5 30% 34% 34%* 12% 23% 0 1% of transaction 34% 34% 0 0 None y
148 Morocco Casablanca Worldwide 183 days or residential ties 0.49 38% 38% 31% 20% 27.83% 4%* 15% 15% 15% 0 0 None y
149 Ecuador Quito Worldwide 183 days 0.49 17.40% 35% 22% 12% 20.55 35% 0 Income Income 0 0 None y
150 Poland Warsaw Worldwide Vital interests or 183 days 0.49 28% 32% 19% 23% 45.12% 0 19% 19% 19% 0 0 None y
151 USA Miami Citizenshsip Nationals and lawfull permanent residents* 0.49 9.95% 30.12% 26.50% 7% 15.3 39% 23.80% 20.00% Income 0 Capital Gain* None y
152 Algeria Algiers Worldwide 183 days* 0.48 35% 35% 26% 19% 35% 5% 15% 10% 15% 1.75% 0.00% None y
153 Ethiopia Addis Ababa Worldwide 183 days 0.48 35% 35% 30% 15% 18% 0 15% Income Income 0 0 None y
154 Canada Montreal Worldwide 183 days or residential ties 0.48 27% 50.25% 26.70% 14.98% 11%* 0* 1/2 of Income 14.00% Income 0 Capital Gains* None y
155 Vietnam Hanoi Worldwide 183 days 0.47 35% 35% 20% 5% 31.50% 0 Income Income Income 0 0 None y
155 Vietnam Ho Chi Minh City Worldwide 183 days 0.47 35% 35% 20% 5% 31.50% 0 Income Income Income 0 0 None y
157 Iceland Reykjavik Worldwide 183 days 0.47 34.00% 46.24% 20% 24% 19.50% 10% 20% 20% 20% 0 0 None y
158 Portugal Lisbon Worldwide 183 days or residential ties 0.47 33%* 44.8%* 21% 23% 34.75% 0 28% 1/2 of Income 28% 0 0 Non-domicile* y
159 Argentina Buenos Aires Worldwide 183 days* 0.47 35% 35% 30%* 21% 43% 5% 0% 10% 35% 0.50% 0.00% None y
160 Slovenia Ljubljana Worldwide Vital interests or 183 days 0.45 23% 50% 19% 22% 38.20% 0 25% 25% 25% 0 0 None y
161 Bangladesh Chittagong Worldwide 183 days 0.45 43%* 43%* 35% 15% 0 0 15%* Income Income 0 0 None y
161 Bangladesh Dhaka Worldwide 183 days 0.45 43%* 43%* 35% 15% 0 0 15%* Income Income 0 0 None y
163 Italy Milan Worldwide 183 days or residential ties 0.44 38.6 44.85% 27.9%* 22% 40% 4%* 26% 26% 26% 0.2%* 0 Non-domicile* y
164 Italy Venice Worldwide 183 days or residential ties 0.44 38.6 44.85% 27.9%* 22% 40% 4%* 26% 26% 26% 0.2%* 0 Non-domicile* y
165 Australia Brisbane Worldwide 183 days 0.44 30% 48.70% 30% 10% 4.75% 0* Income 50% of Income Income 0 0 None y
165 Australia Melbourne Worldwide 183 days 0.44 30% 48.70% 30% 10% 4.85% 0* Income 50% of Income Income 0 0 None y
165 Australia Sydney Worldwide 183 days 0.44 30% 48.70% 30% 10% 5.45% 0* Income 50% of Income Income 0 0 None y
168 USA Boston Citizenshsip Nationals and lawfull permanent residents* 0.44 15.06% 35.36% 29% 6.25% 15.3 39% 29.04% 25.24% Income 0 Capital Gain* None y
169 Italy Rome Worldwide 183 days or residential ties 0.44 40.16% 46.52% 28.82% 22% 40% 4%* 26% 26% 26% 0.2%* 0 Non-domicile* y
170 Finland Helsinki Worldwide 6 months continious* 0.42 33% 46% 20% 24% 14.50% 19% 34% 28.80% 25.73% 0 0* None y
171 Greece Athens Worldwide Vital interests 0.41 45% 54% 29% 24% 41.06% 10% 15% 15% 15% 0 0 None y
172 Greece Corfu Worldwide Vital interests 0.41 45% 54% 29% 24% 41.06% 10% 15% 15% 15% 0 0 None y
173 USA San Francisco Citizenshsip Nationals and lawfull permanent residents* 0.41 10.24% 39.72% 29.84% 8.50% 15.3 39% 33.40% 29.60% Income 0 Capital Gain* None y
174 UK London Worldwide 183 days* 0.4 32.28% 45.93% 19% 20% 25.8%* 40% 20% 38.1%* 38.1%* 0 0 Non-domicile y
175 USA Los Angeles Citizenshsip Nationals and lawfull permanent residents* 0.4 15.24% 39.72% 29.84% 8.75% 15.3 39% 33.40% 29.60% Income 0 Capital Gain* None y
176 Denmark Copenhagen Worldwide 6 months consecutive or residential ties 0.39 30.81% 45.20% 22% 25% 24.1%* 15% Income 10% Income 0 Capital Gains None y
177 USA New York Citizenshsip Nationals and lawfull permanent residents* 0.38 14.85% 40.49% 36.95% 8.88% 15.3 39% 34.17% 30.37% Income 0 Capital Gain* None y
178 Japan Tokyo Worldwide Residencial ties* 0.38 16.74% 51.00% 37.63%* 8% 28.44% 35%* 20% Income Income 0 15.315% of gains* Non-permanent* y
179 Germany Berlin Worldwide 6 months or residential ties 0.36 29.24% 42.92% 29.31%* 19% 38.65% 30%* 25% 25% Income 0 Capital Gains* None y
180 Germany Frankfurt Worldwide 6 months or residential ties 0.36 29.24% 42.92% 31.06%* 19% 38.65% 30%* 25% 25% Income 0 Capital Gains* None y
181 Norway Oslo Worldwide 183 days* 0.36 32.11% 45.23% 23% 25% 55% 0 29.70% 29.70% 29.70% 0.85% Capital Gains* None y
182 Germany Munich Worldwide 6 months or residential ties 0.36 29.24% 42.92% 32.1%* 19% 38.65% 30%* 25% 25% Income 0 Capital Gains* None y
183 Spain Barcelona Worldwide 183 days or vital interests 0.34 39.06% 50.12% 25% 21% 37.25% 34% 23% 23% 23% 2.75%* Capital Gains* Inpatriate* y
183 Spain Madrid Worldwide 183 days or vital interests 0.35 39.06% 50.12% 25% 21% 37.25% 34% 23% 23% 23% 2.5%* Capital Gains* Inpatriate* y
185 France Nice Worldwide Residential & economic ties 0.34 15.11% 39.98% 33.33% 20% 65% 45%* 1/2 Income 23% 23% 1%* Capital Gains* None y
185 France Paris Worldwide Residential & economic ties 0.34 15.11% 39.98% 33.33% 20% 65% 45%* 1/2 Income 23% 23% 1%* Capital Gains* None y
187 Ireland Dublin Worldwide 183 days* 0.33 35.68% 50.37% 25%* 23% 20.25% 33%* 33% Income Income 0* 0* Non-domicile y
188 Netherlands Amsterdam Worldwide Vital interests 0.33 43.63%* 51.16%* 25% 21% 49.23% 20%* 30%* 30%* 30%* 0 0 None y
189 Sweden Stockholm Worldwide 6 months* 0.33 38.75% 53% 22% 25% 38.42% 30% 30% 30% 30% 0 0 None y
190 Austria Vienna Worldwide 183 days 0.32 48% 55% 25% 20% 47.5%* 0 27.50% 27.50% Income 0 0 None y
191 Belgium Brussels Worldwide Registered in national registery 0.28 56% 56% 29.58% 21% 53.50% 30% 33% 27% 27% 0 0 None y
Tax Note
COUNTRY CITY note TAX
Albania Durres
Algeria Algiers TTRP: none after 10y. Wealth Tax: from 0% to 1.75% (above 4MUSD), but do not include shares and business ownership. Corporate tax: varies from 19% to 26% and many exemptions are offered to new businesses. Tax Res: Those that own property and income in Algeria can be liable to tax residence.
Andorra Andorra la Vella TTRP: none after 5y if income is wihtin 3 times the minimum. CGMR: receive an exemption if sold after 5 years for a citizen or a PR. Needs to be main residence for at least 2 years and proceeds of sale reinvested into another property. Otherwise 8% for after 5 years (adjusted to inflation). PTC: Tax on Financial bodies (activity 65.42). Property Tax: inludes real estate tax, lighting tax, hygiene tax
Angola Luanda RITRP: Property tax are none if rented, as it is payed by rental income.
Anguilla The Valley
Antigua and Barbuda Saint John's Social Security tax: includes social security, medical benefits and education levy. CGTLTS: buyers and sllers of shares are taxed stamp duty on the value of the transaction, 5% to the vendor and 2.5% to the buyer.
Argentina Buenos Aires Tax Res: Argentinian nationals looses tax residence by getting a foreign PR or on the 14th month abroad. Foreign nationals become tax resident only if they work in Agentina for 6 months a year. Corporate Tax: There is also a gross revenue tax impose by local jursdictions, around 5% for Buenos Aires.
Australia Brisbane ITR: can become tax resident base on status, e.g. someone who immigrates is a tax resident. Inheritance: Capital gain levied if passed on to a foreign resident. Property tax: levied by Territory and City tax. PTC: Based on Central District Group A
Australia Melbourne ITR: can become tax resident base on status, e.g. someone who immigrates is a tax resident. Inheritance: Capital gain levied if passed on to a foreign resident. Property tax: levied by Territory and City tax. PTC: for the rate levied by the city of Melbourne, its 4.5% of the rental value
Australia Sydney ITR: can become tax resident base on status, e.g. someone who immigrates is a tax resident. Inheritance: Capital gain levied if passed on to a foreign resident. Property tax: levied by Territory and City tax
Austria Vienna Rental Income: 3% of rental contract is also levied for residential properties and 5% for commercial. Social Security tax: includes all additional charges levied.
Azerbaijan Baku Investor Certificate: provide a 50% discount on income tax.
Bahamas Nassau Property Tax: Can reach 1% for residential and 2% for commercial for the values above 500K. Corporate Tax: there is no corporate tax per say, but the business licence fees can be levied on your turnover mean for e.g. that a business with $50M turnover will pay 750K for its licence. Rental income: rate of business licence (see corporate tax), can reach a max of 1.5% of turnover.
Bahrain Manama
Bangladesh Chittagong CGLS: if hold for more then 5 years. If not regular income rate applies. Income tax: has an additionnal incremental wealth tax, highest rate starts at $250,000. The surcharge is imposed on the income tax declaration, rougly increasing the income tax rate to 43% instead of 30%.
Bangladesh Dhaka CGLS: if hold for more then 5 years. If not regular income rate applies. Income tax: has an additionnal incremental wealth tax, highest rate starts at $250,000. The surcharge is imposed on the income tax declaration, rougly increasing the income tax rate to 43% instead of 30%.
Barbados Bridgetown Corporate tax: approved small business and manifacturing business and other qualifying business have rate of 15%. Non-dom: taxed on Barbados income and outside income if remitted.
Belarus Minsk
Belgium Brussels Rental Income: 0.2% of lease amount is needed to be paid to register. Property Tax: levied on the regional and communal level, is based on the cadastral valuation that estimate the annual revenue. CGTR: none after 5 years.
Bermuda Hamilton Social Security tax: Incremental and reduction can be applied based on industry and circumstances. Inheritance: stamp duty on the estate in the Bahama is incremental and reach the max of 20% after $2M. The family residence can be exempted.
Bolivia La Paz
Brazil Belo Horizonte Corporate tax: base rate of 15%+10% surcharge+ 9% social contribution. Tax Res: Brazilian nationals need to
Brazil Brasilia Corporate tax: base rate of 15%+10% surcharge+ 9% social contribution.
Brazil Rio de Janeiro Corporate tax: base rate of 15%+10% surcharge+ 9% social contribution.
Brazil Sao Paulo Corporate tax: base rate of 15%+10% surcharge+ 9% social contribution.
British Virgin Islands Road town
Bulgaria Sofia
Cambodia Phnom Penh
Canada Montreal Social Security Tax: most contributions are capped at CAD7555.32/ year, but the QPIP and the Health service are not. Inheritance: Capital Gains will be lievied but can be differed. Exit Tax: applies even from the moment you stop being a resident, capital gains will be levied as if you have sold your properties at fait market value. Payment can be differe to the time of actual sell if securities are given. Property Transfer Tax: raise up to 2.5% for amounts above CAD 1M. First time home howner can have that amount remboursed.
Canada Toronto Social Security Tax: contributions are capped at CAD7135/ year. Inheritance: Capital Gains will be lievied but can be differed. Exit Tax: applies even from the moment you stop being a resident, capital gains will be levied as if you have sold your properties at fait market value. Payment can be differe to the time of actual sell if securities are given. Property Transfer Tax: varies between 0.5% to 1.5%
Canada Vancouver Social Security Tax: contributions are capped at CAD7135/ year. Inheritance: Capital Gains will be lievied but can be differed. Exit Tax: applies even from the moment you stop being a resident, capital gains will be levied as if you have sold your properties at fait market value. Payment can be differe to the time of actual sell if securities are given. Property Transfer Tax: varies from 1% to 3%. BC now levies a 15% surtax on foreign buyers.
Cape Verde Praia
Cayman Islands George Town
Chile Santiago Non-dom tax: a new resident can be tax on his local based income only for the first 3 years and can apply for an extention. DTFS: those resident before sep 29 2014 can benefit from an 8% taxation rate. Tax Res: 6 months consecutive or 6 months in 2 calendar years
China Beijing Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period.
China Changsha Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Chengdu Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Chongqing Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Foshan Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period.
China Guangzhou Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period.
China Hangzhou Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Nanjing Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Ningbo Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Qingdao Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Shanghai Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period.
China Shenyang Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Shenzhen Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period.
China Suzhou Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Tianjin Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Wuhan Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
China Wuxi Non-domicile tax: non domicile residents are taxed on their Chinese investment income only during the first 5y. Corporate tax: high-tech industries are taxed at 15%. DTLS: varies between 5%- 20% depending on the holding period. Social security: estimated
Colombia Bogota Corporate tax: An additional trade tax can be levied by municipalities up to 1%. Tax Res: can be tax resident if at least 50% of income or assets are in Colombia or if residing in tax haven.
Colombia Cali Corporate tax: An additional trade tax can be levied by municipalities up to 1%. Tax Res: can be tax resident if at least 50% of income or assets are in Colombia or if residing in tax haven.
Colombia Medellin Corporate tax: An additional trade tax can be levied by municipalities up to 1%. Tax Res: can be tax resident if at least 50% of income or assets are in Colombia or if residing in tax haven.
Comoros Moroni
Costa Rica San Jose Tax Res: those under payroll in Costa Rica are tax residents.
Croatia Split Income tax: includes the 10% surcharge for the city of Split. Tax Res: 183 days in one or 2 years or dispose of a property for 183 days.
Cyprus Limassol Non-dom: no tax on capital income from Cyprus or abroad. Tax res: for 60 days - cannot stay 183 days in an other country.
Cyprus Nicosia Non-dom: no tax on capital income from Cyprus or abroad. Tax res: for 60 days - cannot stay 183 days in an other country.
Czech Republic Prague
Denmark Copenhagen Social Security Tax: 10% from employee, employers varies based on activy.
Dominica Roseau Dividend tax: you can deduct up to 25% of the net dividend from your income. Tax Res: tax resident if resident the year before or after
Dominican Republic Santo Domingo Inheritance: family property can be exempted.
Ecuador Quito
Egypt Cairo DTLS: can be reduced to 5% if individual owns over 25% of shares of company and hold over 2 years.
El Salvador San Salvador
Estonia Tallinn Investment Income: local Dividend and capital gains are tax-free if reinvested. Foreign income is tax-free is taxed have been payed on them in foreign country.
Ethiopia Addis Ababa
Fiji Suva
Finland Helsinki Exit tax/Tax Res: can be considered tax resident for another 3 years after departure unless they prove they have had no essential connections.
France Nice Exit tax: if over 50% of shareholding and over €800,000. Furthermore needs to have been a tax resident 6 years in the last 10 years. Wealth tax: taxed on worlwide assets, start after €1.3M at a rate of 0.5% to 1.5% after €10M. Certains nationals of foreign countries are exempted of the wealth tax for the first 5 years. Inheritance Tax: Assets minus liability. Taxed at a progressive rate with an € 100,000 exemption but hits highest margine after € 1,805,677.
France Paris Exit tax: if over 50% of shareholding and over €800,000. Furthermore needs to have been a tax resident 6 years in the last 10 years. Wealth tax: taxed on worlwide assets, start after €1.3M at a rate of 0.5% to 1.5% after €10M. Certains nationals of foreign countries are exempted of the wealth tax for the first 5 years. Inheritance Tax: Assets minus liability. Taxed at a progressive rate with an € 100,000 exemption but hits highest margine after € 1,805,677.
Georgia Tbilisi DTLTS: can be exempted if from Free industrial zone, financial institution and from free floating securities.
Germany Berlin Inheritance tax: incremental, 30% is after €26M. €400,000 is exempted. Corporate Tax: includes a 15% federal tax and a regional trade tax. Exit Tax: unrealised capital gains can be levied.
Germany Frankfurt Inheritance tax: incremental, 30% is after €26M. €400,000 is exempted. Corporate Tax: includes a 15% federal tax and a regional trade tax. Exit Tax: unrealised capital gains can be levied.
Germany Munich Inheritance tax: incremental, 30% is after €26M. €400,000 is exempted. Corporate Tax: includes a 15% federal tax and a regional trade tax. Exit Tax: unrealised capital gains can be levied.
Gibraltar Gibraltar Source: Taxed on foreign income remitted to Gibraltar. STR: Maximum tax contribution capped at £22,000 under Category 2 individuals.
Greece Athens
Greece Corfu
Grenada Saint George's Capital gains & Dividend: There are no tax on capital gains or dividends, but an Annual Stamp Tax that applies at arate of 0.5% for receipts below $111,000 and 0.75% for receipts above.
Guatemala Guatemala City
Honduras San Pedro Sula Corporate tax: rate of 25% + 5% solidarity and 0.015% of gross income to the municipality.
Honduras Tegucigalpa
Hong Kong Hong Kong CGPT: Hong Kong levies 0.1% transaction fees on the sale or purchase of Hong Kong stock shares. Tax Res: or 300 days in 2 years
Hungary Budapest Tax Res: for hungarian citizen, nationality can be a factor.
Iceland Reykjavik
India Bangalore Non-ordinarly resident: tax on local and remitted income. Tax Res: physically present in India for a period of 60 days or more during the relevant tax year and 365 days or more in aggregate in four preceding tax years (60 days rule).
India Chennai Non-ordinarly resident: tax on local and remitted income. Tax Res: physically present in India for a period of 60 days or more during the relevant tax year and 365 days or more in aggregate in four preceding tax years (60 days rule).
India Delhi Non-ordinarly resident: tax on local and remitted income. Tax Res: physically present in India for a period of 60 days or more during the relevant tax year and 365 days or more in aggregate in four preceding tax years (60 days rule).
India Hyderabad Non-ordinarly resident: tax on local and remitted income. Tax Res: physically present in India for a period of 60 days or more during the relevant tax year and 365 days or more in aggregate in four preceding tax years (60 days rule).
India Kolkata Non-ordinarly resident: tax on local and remitted income. Tax Res: physically present in India for a period of 60 days or more during the relevant tax year and 365 days or more in aggregate in four preceding tax years (60 days rule).
India Mumbai Non-ordinarly resident: tax on local and remitted income. Tax Res: physically present in India for a period of 60 days or more during the relevant tax year and 365 days or more in aggregate in four preceding tax years (60 days rule).
Indonesia Jakarta
Iran Tehran
Iraq Baghdad General Sales tax: there are no general VAT, but restaurants and other specific services and products are taxed.
Ireland Dublin Inheritance: €310000 is exempted for direct line. Corporate Tax: can be 12.5% for excepted trades including certain land dealing activities, income from working minerals and petroleum activities. Wealth tax: domiciled individuals with worlwide revenue of €1M+ and owner of €5M + in irish property and with income tax below €200,000 are liable to a minimum annual levy of €200,000. Exit tax: capital gains can be tax, but also be defered. Tax Res: or more in that year, or 280 days or more in that and the preceding year combined, including at least 30 days in each year.
Isle of Man Douglas Corporate tax: most businesses are not tax unless its from renting property (20%), banking (10%) or retail with sales above 1/2 M pounds (10%).
Italy Milan Income tax: is levied at the federal (max 43%), regional (max 1.74%)an municpal level(0.8%). Wealth Tax: immovable properties are taxed at a rate of 0.76% unless main residence (0.4%). inheritance: €1M exemption. Corporate rate: federal (24%) and regional rate (3.9%). Non-dom: Individuals who migrate their tax residency from abroad to Italy are allowed to opt for their non-Italian sourced income to be taxed in Italy through the application of a flat substitutive tax, at a fixed amount of 100,000 euros
Italy Rome Income tax: is levied at the federal (max 43%), regional (max 1.74%)an municpal level(0.8%). Wealth Tax: immovable properties are taxed at a rate of 0.76% unless main residence (0.4%). inheritance: €1M exemption. Corporate rate: federal (24%) and regional rate (4.82%). Non-dom: Individuals who migrate their tax residency from abroad to Italy are allowed to opt for their non-Italian sourced income to be taxed in Italy through the application of a flat substitutive tax, at a fixed amount of 100,000 euros.
Italy Venice Income tax: is levied at the federal (max 43%), regional (max 1.74%)an municpal level(0.8%). Wealth Tax: immovable properties are taxed at a rate of 0.76% unless main residence (0.4%). inheritance: €1M exemption. Corporate rate: federal (24%) and regional rate (4.82%). Non-dom: Individuals who migrate their tax residency from abroad to Italy are allowed to opt for their non-Italian sourced income to be taxed in Italy through the application of a flat substitutive tax, at a fixed amount of 100,000 euros.
Japan Tokyo Tax Res: hold residence or place of abode for more than a year or see Non-permanent. Non-permanent: Foreigners who have been in Japan for 5 years or less in the last 10 years are taxed on their Japanese income and what they remitt. Inheritance tax: top marginal rate hits 55%, but few deductibles allows to reduce significantly the rate. If the deceased or the beneficiary are have not be residing in Japan, tax can be levied only on japanese property. Corporate tax: includes many different tax levied at federal, regional and municipal level. Exit tax: will apply to citizens or foreign residents of more than 5 years in the last 10 years. Tax will be on unrealized capital gains.
Jersey Saint Helier Income Tax and Lump Sum: Weathy foreigners can decide to subscribe as a High Value Resident and pay a lump sum of 20% on his first £625000 and 1% on the remaining. Corporate tax: 10% for regulated Financial services.
Jordan Amman
Kazakhstan Almaty
Kazakhstan Astana STR: under the Astana International Financial Center companies and individuals can be shielded from tax.
Kenya Nairobi Tax Res: or each of the two preceding years of income for periods averaging more than 122 days in each year of income.
Kuwait Kuwait City Corporate Tax: foreign owned companies are taxed at a rate of 15%, and GCC countries on their pourcentage of foreign owned parts. Publicly taded companies are taxed at a rate of 1% of profits. An additionnal 1% is levied for the KFAS.
Laos Vientiane
Latvia Riga Inheritance: only on transfer of property. Corporate tax: no tax on corporate income until distributed. Dividend tax: 20% tax or none if corporate tax on dividend was paid.
Lebanon Beirut
Libya Tripoli
Liechtenstein Vaduz Social Security tax: an additionnal Health care plan needs to be subcribed and the cost split between employee and employer. Wealth tax: assets are valued a fair market price and 4% interest is added to the income declaration.
Luxembourg Luxembourg City Wealth tax: on the welath of "opaque companies". CGLTS: can be none if disposed after 6 months and without 10% ownership in the last 5y of the company.
Macau Macau Income tax: highest marginal rate is 12%, but many exemption are applicable reducing significantly the tax rate. Capital Gains: transactions are charged a stamp duty.
Malaysia Kuala Lumpur Corporate tax: the amount above $1.2M is taxed at a rate of 25%.
Malta Valletta Res tax: Those applying for HNWI tax scheme need to reside in Malta for a minimum of 90 days each calendar year, and cannot spend more than 182 days a year in any other single jurisdiction. Income tax: High earners can apply to the HNWI tax scheme at a 15% flat rate on foreign income, that requires a minimum of €25,000 per year of contribution. Inheritance tax: stamp duty applies to stransfer of shares (2%) and property (5%). STR: Also non-domicile, taxed on foreign income if remitted to Malta.
Mauritius Port Louis Tax Res: Or presence in Mauritius in that income year and the two preceding income years is for an aggregate period of 270 days or more. Inheritance: not levied on the estate, but successor must declare it as income.
Mexico Mexico City DTLTS: the corporate tax payed by the mexican company can e deducted from the income tax, leaving generally very little to be taxed.
Moldova Chisinau
Monaco Monaco Income Tax: french citizen are subject to income tax. Corporate tax: taxed if more than 25% of your income is arise from the principality. Exemptions and discounts are made on the first few years.
Mongolia Ulaanbaatar
Montenegro Budva
Morocco Casablanca Inheritance: no tax but stamp duty applies to all transactions in Morocco.
Morocco Dakhla Personal Tax: 5 year exemption and 80% reduction for the next 20y as part of Free Zone. Corporate tax: 5 year exemption and 8.75% for remaining 20y. Inheritance: no tax but stamp duty applies to all transactions in Morocco.
Netherlands Amsterdam Income tax: A newly arrived immigrant performing a highly skilled job can obtain a 30% deduction of his gross icome, reducing significantly his tax bracket. Inheritance tax: Business passed on can be exempted up to roughly €1M. Additional value is taxed at a reduced rate and can be differed. Dividend tax: assets are assumed to generate annual income varying from 2.87% to 5.39% (amount exceeding $1M). CGLTS: same as dividend tax, but ownership of more than 5% of company shares can receive exemption of capital gains.
New Zealand Auckland Social Security tax: other Social Security tax exist like the employee fringe benefits tax and the Kiwi Saver where the employer might need to match up to 1/3 of the employee contribution to a saving scheme.
Nicaragua Managua Non resident: taxation as a non-resident is at a rate of 15%, contrary to Guatemala and Honduras, you can prove that your economic interest are outside the country if you have a tax certificate of domicile from a non-tax haven country. Inheritance: you will need to pay to register a property.
Nigeria Lagos
Norway Oslo Tax res: or 270 days in any 36-month period. Exit Tax: can be differed until actual gains are made, also the individual will be considered resident until the first year they can prove that they have not stayed in Norway for more than a total of 61 days throughout the income year (1 January thru 31 December), and the individual (or any closely related person) has not had a dwelling in Norway at their disposal.
Oman Muscat VAT: Must be introduced by the end of 2018.
Pakistan Karachi
Pakistan Lahore
Panama Panama City
Paraguay Asuncion
Peru Lima
Philippines Manila DTLTS: no tax but a stamp duty apply on the transaction. CGLTS: no tax but a stamp duty apply on the transaction.
Poland Warsaw
Portugal Lisbon Income tax: new additional surcharge for 2017. Non-Domicile: foreign income can be tax-free for the first 10y and local income can be taxed at a flat rate of 20%.
Qatar Doha Social Security tax: only required for quatari nationals (15%). Sale tax: to be introduce before the end of 2018
Romania Bucharest
Russia Moscow
Russia Saint Petersburg
Saint Kitts and Nevis Basseterre Social Security tax: can go higher if salaries are higher than $2400USD/month
Saint Lucia Castries Dividend tax: taxed only if remitted.
Saudi Arabia Jeddah Income tax: no tax is levied off employment. But only if business tax are payed by an entity, otherwise employment is taxed. Corporate tax: only on foreign ownership or non GCC shares. Locals pay 2.5% zakat on net worth. Oil & Gas companies are taxed at a higher rate. Social Security Tax: the rate is for locals, foreigner pay 2%.
Saudi Arabia Riyadh Income tax: no tax is levied off employment. But only if business tax are payed but an entity. Corporate tax: only on foreign ownership or non GCC shares. Locals pay 2.5%. Oil & Gas companies are taxed at a higher rate. Social Security Tax: the rate is for locals, foreigner pay 2%.
Serbia Belgrade
Seychelles Victoria Corporate Tax: incremantal, an additonnal CSR tax applies on turnover at a rate of 0.5%. Rental Income: corporate tax, incremental.
Singapore Singapore
Slovakia Bratislava
Slovenia Ljubljana
South Africa Cape Town Tax Res: and 915 days aggegate in the last 5 years. Inheritance: taxable after $200,000. CGLS: basicly 40% inclusion of gains into income tax.
South Africa Johannesburg Tax Res: and 915 days aggegate in the last 5 years. Inheritance: taxable after $200,000. CGLS: basicly 40% inclusion of gains into income tax.
South Korea Busan Non-permanent: Foreigners who have been in South Korea for 5 years or less in the last 10 years are taxed on their koren income and what they remitt. Income tax: Certain highly skilled foreigners can be taxed at a flat rate of 19%. CGLTS: If the seller ownes more than 2% of the company, he is taxed at 22%. DTFS: Can be waived for Non-permanent taxpayers. Inheritance: 50% kicks-in for amounts above $2.5M. Non permanent resident can be exempted from foreign assets.
South Korea Seoul Non-permanent: Foreigners who have been in South Korea for 5 years or less in the last 10 years are taxed on their koren income and what they remitt. Income tax: Certain highly skilled foreigners can be taxed at a flat rate of 19%. CGLTS: If the seller ownes more than 2% of the company, he is taxed at 22%. DTFS: Can be waived for Non-permanent taxpayers. Inheritance: 50% kicks-in for amounts above $2.5M. Non permanent resident can be exempted from foreign assets.
Spain Barcelona Wealth tax: at the highest rate, after €10.7M. There is an exempted amount of €500,000. Inpatriate: employees being transferred to spain are taxed as a non-resident rate of 24%. Exit tax: tax can be deferred.
Spain Madrid Wealth tax: at the highest rate, after €10.7M. There is an exempted amount of €700,000. Inpatriate: employees being transferred to spain are taxed as a non-resident rate of 24%. Exit tax: tax can be deferred.
Sri Lanka Colombo
Sweden Stockholm Tax Res: habitual Swedish taxpayers will have to wait 5 years to break tax residence.
Switzerland Geneva Tax Res: 30 days (gainfull activities) or 90 days (non gainful activities). Lump Sum: only for foreigners without lucrative activity other than the management of their wealth.
Switzerland Lausanne Tax Res: 30 days (gainfull activities) or 90 days (non gainful activities). Lump Sum: only for foreigners without lucrative activity other than the management of their wealth.
Switzerland Zurich Tax Res: 30 days (gainfull activities) or 90 days (non gainful activities).
Syria Aleppo Corporate tax: the rate varies depending on type of company, in addition there is 4% to 10% municipal tax and a 5% reconstruction tax. General Sales tax: none be certain services and luxury goods do have VAT. Inheritance tax: home and bank account of the testator are exempt.
Syria Damascus Corporate tax: the rate varies depending on type of company, in addition there is 4% to 10% municipal tax and a 5% reconstruction tax. General Sales tax: none be certain services and luxury goods do have VAT. Inheritance tax: home and bank account of the testator are exempt.
Taiwan Kaohsiung Tax Res: a Taiwanese nationals can be considered non-resident if he spends less than 31 days and has no vital interests in the country. Source: Taiwan regular income tax is territorial, but it applies an additionnal tax (Basic Income Tax)that covers foreign income after global income of $190,000, at a flat rate of 20%. China Tax Treaty: signed in 2015 but not yet effective. Inheritance: $380,000 (12m TWD) are exempted. CGPLTS: there is an additionnal share transfer tax of 0.3%. DTFS: Falls under Basis Income Tax is total income exceed $190,000 and foreign income exceeds $35,000.
Taiwan Taichung Tax Res: a Taiwanese nationals can be considered non-resident if he spends less than 31 days and has no vital interests in the country. Source: Taiwan regular income tax is territorial, but it applies an additionnal tax (Basic Income Tax)that covers foreign income after global income of $190,000, at a flat rate of 20%. China Tax Treaty: signed in 2015 but not yet effective. Inheritance: $380,000 (12m TWD) are exempted. CGPLTS: there is an additionnal share transfer tax of 0.3%. DTFS: Falls under Basis Income Tax is total income exceed $190,000 and foreign income exceeds $35,000.
Taiwan Taipei Tax Res: a Taiwanese nationals can be considered non-resident if he spends less than 31 days and has no vital interests in the country. Source: Taiwan regular income tax is territorial, but it applies an additionnal tax (Basic Income Tax)that covers foreign income after global income of $190,000, at a flat rate of 20%. China Tax Treaty: signed in 2015 but not yet effective. Inheritance: $380,000 (12m TWD) are exempted. CGPLTS: there is an additionnal share transfer tax of 0.3%. DTFS: Falls under Basis Income Tax is total income exceed $190,000 and foreign income exceeds $35,000.
Tanzania Dar es Salaam Tax Res: Residential ties are triggered by 1 visit. Short term resident: does who have been resident for less than 2 years are taxed at 15% of local income and not on worldwide income.
Thailand Bangkok Inheritance: 100M Bath ($2.8M) is exempted. DTFS: taxed only if remitted to Thailand. STR: Foreign Income are taxed if remitted in the current tax year.
Thailand Phuket Inheritance: 100M Bath ($2.8M) is exempted. DTFS: taxed only if remitted to Thailand. STR: Foreign Income are taxed if remitted in the current tax year.
Tunisia Tunis
Turkey Istanbul
Turks and Caicos Islands Cockburn Town General Sales tax are lievied on hotel, restaurants, bars, vehicules and financial transactions fees at a rate of 12%. Corporate Tax: a Business Licence is required, fees are annual and run in the thousands.
Turks and Caicos Islands Providenciales General Sales tax are lievied on hotel, restaurants, bars, vehicules and financial transactions fees at a rate of 12%. Corporate Tax: a Business Licence is required, fees are annual and run in the thousands.
UAE Abu Dhabi Inheritance: property transfer tax of 4% will be levied on the property. General Sales Tax: will be levied at a rate of 5% beginning 2018.
UAE Dubai Inheritance: property transfer tax of 4% will be levied on the property. General Sales Tax: will be levied at a rate of 5% beginning 2018.
UK London Tax Res: tax resident if the individual’s only home is in the United Kingdom for at least 91 days in the year. Dividend Tax: varies between 7.5%, 32.5% and 38.1%. Social Security Tax:the National Insurance is payed by both employee and employer at different rates. Rates above £3,583 a month are taxed at 2% for the employee. Inheritance: free of tax under £325,000 or to spouse. STR: Non-domicile are taxed on their worldwide income on remittance basis, end once an individual has been UK resident for 15 out of the previous 20 tax years.
Ukraine Kiev Income tax & Dividend Tax: includes an temporary 1.5% military tax. Inheritance: Stamp duty needs to be payed on property transfer, 1%.
Uruguay Montevideo
US Virgin Islands Charlotte Amalie Tax Res: EB-5 investors can be considered under the "substantial presence test" of 31 days in the calendar year or 183 days during the 3-year period that includes the current year and the two prior years. Corporate tax: an additionnal gross receipt tax can be levied for businesses with more than $150 000 in receipt a year at a rate of 4%. Certain businesses like bank are exempted. General Sales tax: varies from 2% to 25%. Banking secrecy: in a few states like Delaware, Wyoming, Nevada and South Dakota.
USA Boston Tax Res: EB-5 investors can be considered under the "substantial presence test" of 31 days in the calendar year or 183 days during the 3-year period that includes the current year and the two prior years. Inheritance Tax: The federal exemption amount is $11.2M. Each state have a exemption amount as well. Dividend Tax Local: incremental, 20% is at the highest marginal rate. Exit Tax: applies to expatriate and termination of residence for Net worth above $2M and annual income abobe $162,000. $669,000 can be excluded. Income tax: up to $102,100 of foreign income can be excluded. Banking secrecy: in a few states like Delaware, Wyoming, Nevada and South Dakota.
USA Los Angeles Tax Res: EB-5 investors can be considered under the "substantial presence test" of 31 days in the calendar year or 183 days during the 3-year period that includes the current year and the two prior years. Inheritance Tax: The federal exemption amount is $11.2M. Each state have a exemption amount as well. Dividend Tax Local: incremental, 20% is at the highest marginal rate. Exit Tax: applies to expatriate and termination of residence for Net worth above $2M and annual income abobe $162,000. $669,000 can be excluded. Income tax: up to $102,100 of foreign income can be excluded. Banking secrecy: in a few states like Delaware, Wyoming, Nevada and South Dakota.
USA Miami Tax Res: EB-5 investors can be considered under the "substantial presence test" of 31 days in the calendar year or 183 days during the 3-year period that includes the current year and the two prior years. Inheritance Tax: The federal exemption amount is $11.2M. Each state have a exemption amount as well. Dividend Tax Local: incremental, 20% is at the highest marginal rate. Exit Tax: applies to expatriate and termination of residence for Net worth above $2M and annual income abobe $162,000. $669,000 can be excluded. Income tax: up to $102,100 of foreign income can be excluded. Banking secrecy: in a few states like Delaware, Wyoming, Nevada and South Dakota.
USA New York Tax Res: EB-5 investors can be considered under the "substantial presence test" of 31 days in the calendar year or 183 days during the 3-year period that includes the current year and the two prior years. Inheritance Tax: The federal exemption amount is $11.2M. Each state have a exemption amount as well. Dividend Tax Local: incremental, 20% is at the highest marginal rate. Exit Tax: applies to expatriate and termination of residence for Net worth above $2M and annual income abobe $162,000. $669,000 can be excluded. Income tax: up to $102,100 of foreign income can be excluded. Banking secrecy: in a few states like Delaware, Wyoming, Nevada and South Dakota.
USA San Francisco Tax Res: EB-5 investors can be considered under the "substantial presence test" of 31 days in the calendar year or 183 days during the 3-year period that includes the current year and the two prior years. Inheritance Tax: The federal exemption amount is $11.2M. Each state have a exemption amount as well. Dividend Tax Local: incremental, 20% is at the highest marginal rate. Exit Tax: applies to expatriate and termination of residence for Net worth above $2M and annual income abobe $162,000. $669,000 can be excluded. Income tax: up to $102,100 of foreign income can be excluded. Banking secrecy: in a few states like Delaware, Wyoming, Nevada and South Dakota.
Uzbekistan Tashkent DTLTS: can be exempted if reinvested in the same company.
Vanuatu Port Vila Corporate tax: rate is for financial services companies and companies with turnover above 10M Vatu.
Venezuela Caracas Corporate tax: additional municipal tax is levied on turnover.
Venezuela Maracaibo Corporate tax: additional municipal tax is levied on turnover.
Vietnam Hanoi
Vietnam Ho Chi Minh City

This year the STC Taxation index has extended the number of jurisdictions it has reviewed. Importantly, we have referenced all our information with the official governmental source in applicable cases. Many tax resources are available per country, but tax rates can vary nationwide. This is why our taxation index compiles tax rates applicable to a specific city, as one relocates to a city rather than living all over a country. Our index ranks the taxation system of a country based on how favorable it is to HNWI relocating to the jurisdiction.

In this report we will mostly focus on the two extremities of the ranking: those that are tax-friendly, and those who aren’t. The amount of wealth you possess will usually make a significant difference in the ranking of the country. Furthermore, the activity one might have in his new country of residence will define where that country stands. Therefore, our ranking should be taken with a grain of salt. There might be no debate that the Cayman Islands have a more favorable taxation system for the wealthy than France, but between France and Denmark, an argument can be made on both. The general trend is higher tax on income, consumption and social security. Tax on investment remains low in comparison to promote further investment.

The data was researched during the month of January 2018. The vast majority of the information was taken from official government sources; the remainder was taken from credible external sources (see Source). The information represents the rates for the year 2018. The 2018 STC Taxation Index is mostly based on the “Chinese Standard” and net worth of $15m+. All rates are applicable to a tax resident.

Source: Refers to the system of taxation on personal income depending on its source. Usually the taxation system will define by territory a source as local or foreign. The possibilities, if income is levied, are Territorial (tax is only levied on local income), Residential (tax is levied on worldwide income of residents) and in rare cases, on Citizenship (tax levied on worldwide income as long as you are a citizen of the country). No taxation and territorial taxation is more favourable; taxation by citizenship is not.

Income tax on 100K: Refers to the personal income tax rate imposed on an annual employment salary of 100,000 USD filed jointly. No dependant (child) deductions were added. For countries that levy incremental tax, the exemption and social security deductions were calculated. Certain jurisdictions can levy tax on the federal, regional and municipal level.

Income tax $1M: Same methodology as for $100,000, but the tax rate applicable for 1,000,000 USD.

Corporate tax: The general tax rate applicable to large businesses. It’s a tax on profit unless otherwise stipulated. The rate can be different for specific industries like oil and gas, and banking. The rate is also the highest tax rate in the case of incremental tax rate. Certain jurisdictions can levy tax on the federal, regional and municipal level.

General Sales Tax: The General Sales Tax can also be known as the Consumption Tax or Value-Added Tax. The indirect tax levied on the sale of general goods and services. Certain products like alcohol and cigarettes generally have higher rates and food has lower rates. Certain jurisdictions can levy tax on the federal, regional and municipal level. Social Security Total: The total charges paid by employer and employee on wage. The rate is usually the normal rate, as it can vary based on profession, age and income. It can comprise various benefits like pension, health care, unemployment, etc. Many of them are capped. Inheritance tax(children): The tax on inheritance levied on a resident’s estate passed on to his children (linear). The net worth of the assets of the deceased is estimated at the maximum rate. Reading of the additional notes is usually required as exemption amount are very common. Furthermore, some jurisdictions might not levy tax on inheritance, but charge a stamp duty on the transfer of assets. Capital gain on local publicly traded shares: Refers to the tax on capital gains made on the sale of publicly traded shares on the local stock market by an individual after more than three years of holding period. The tax may vary depending on the proportion of ownership in the company. Our listed rate is for small share of ownership.

Dividend tax on local publicly traded shares: Refers to the tax applicable to the dividend paid by publicly traded companies on the local stock exchange to an individual. Our listed rate is for small share of ownership. Dividend tax on foreign shares: Refers to the tax applicable to the dividend paid by a foreign company to an individual and considered foreign dividend income.

Wealth tax: A tax levied on the net wealth of an individual and levied annually. The net worth of assets is estimated at the maximum rate of taxation applicable.

Exit tax: Also known as expatriation tax, it is applied normally when an individual stops being a tax resident in countries with a residential system of taxation, or forfeits his citizenship in countries with a citizenship base of taxation. In many cases, unrealized capital gains are taxed when one exits the jurisdiction, but in many cases they can be deferred until the assets are sold.

Special tax regime: Certain countries have a special tax regime shielding wealthy individuals from excessive taxation. Whether it is by forfeiting a lump sum or tax on remittance, these schemes can be favorable to the taxpayer.

China tax treaty: If the country has signed a tax treaty with China, it permits avoiding double taxation of foreign income.

The vast majority of the tax rates were taken from official governmental sources, usually the tax department or the finance ministry website. Each relevant source is hyperlinked into the data entry. Clicking on the information should redirect you to the relevant website page where the information was taken from.Many tax rates listed as “0” don’t have a link attached to them; this is because the information would have a source only if it exists. Many of the tax rates are combinations of more than one source as, for example, income tax can consist of federal, regional and municipal tax. Unfortunately, in those cases we were able to list only one source. Some government websites were very poorly referenced and the information was not accessible online. In those cases, we have use the following external sources:

http://taxsummaries.pwc.com/ https://dits.deloitte.com/#TaxGuides http://www.doingbusiness.org/