The 2017 STC TAXATION INDEX
 

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RankCOUNTRYCITYIndexIncome tax on 100KIncome tax $1MCorporate taxGeneral Sales TaxSocial Security totalInheritance tax-(Children)Capital gain on local publicly traded sharesDividend tax on local publicly traded shares Dividend tax on foreign sharesWealth TaxExit TaxSpecial Tax regime
1UAEAbu Dhabi10%0%0%0%0%0%0%0%0%0%NoneNone
1UAEDubai10%0%0%0%0%0%0%0%0%0%NoneNone
1Cayman IslandsGeorge Town10%0%0%0%0%0%0%0%0%0%NoneNone
2Turks and Caicos IslandsCockburn Town0.990%0%0*0%*6%0%0%0%0%0%NoneNone
2Turks and Caicos IslandsProvidenciales0.990%0%0*0%*6%0%0%0%0%0%NoneNone
3QatarDoha0.980%0%10%0%0%*0%0%0%0%0%NoneNone
4British Virgin IslandsRoad town0.980%0%0%0%14%0%0%0%0%0%NoneNone
5BahrainManama0.970%0%0%0%17%0%0%0%0%0%NoneNone
6AnguillaThe Valley0.970%0%0%0%16%0%0%0%0%0%NoneNone
7BermudaHamilton0.960%0%0%0%15.5%*2%0%0%0%0%NoneNone
8KuwaitKuwait City0.960%0%0%*0%22%0%0%0%0%0%NoneNone
9BahamasNassau0.960%0%0*7.5%9.8%0%0%0%0%0%NoneNone
10OmanMuscat0.950%0%12%0%18.5%0%0%0%0%0%NoneNone
11LiechtensteinVaduz0.954.5%16.95%12.5%8%12.67%*0%0%0%0%1%*NoneLump Sum
12VanuatuPort Vila0.940%0%5% of gross Income tax*12.5%8%0%0%0%0%0%NoneNone
13Hong KongHong Kong0.9215%15%16.5%0%0%0%0.1%0%0%0%NoneNone
14MacauMacau0.916.2%*6.2%*12%0%9.38$0%3%*12%12%0%NoneNone
15MoroccoDakhla0.890%*0*0*20%27.83%4%*0%*0%*0%*0%NoneNone
16MonacoMonaco0.880%0%0 or 33%*20%30%0%0%0%0%0%NoneNone
17LibyaTripoli0.8713%13%20%0%14.25%0%10%10%0%0%NoneNone
18Saint Kitts and NevisBasseterre0.860%0%33%17%18.5%0%0%0%0%0%NoneNone
19ParaguayAsuncion0.858%10%10%10%25.5%0%Income tax5%0%0%NoneNone
20GuatemalaGuatemala City0.847%7%25%12%17.5%0%10%5%0%0%NoneNone
21NicaraguaManagua0.8430%30%30%15%14.25%0%*10%10%0%0%NoneNon-resident
22SingaporeSingapore0.848%20.35%17%7%37%0%0%0%0%0%NoneNone
23MalaysiaKuala Lumpur0.8221.73%27%24%6%21%0%0%0%0%0%NoneNone
24AndorraAndorra la Vella0.8110%10%5%4.5%0%0%10%10%0%0%NoneNone
25GeorgiaTbilisi0.8120%20%15%18%0%0%20%5%*0%0%NoneNone
26SeychellesVictoria0.8115%15%33%*15%4%0%0%15%0%0%NoneNone
27AngolaLuanda0.817%17%30%10%11%1.5%0%0%0%0%NoneNone
28JerseySaint Helier0.820%20%*0*5%12.5%0%0%0%0%0%NoneLump Sum
29LebanonBeirut0.7920%20%15%10%23.5%1.2%0%10%0%0%NoneNone
30PanamaPanama City0.7920%25%25%7%24.75%0%10%10%0%0%NoneNone
31Antigua and BarbudaSaint John's0.770%0%25%15%22%*0%0%*0%0%0%NoneNone
32Saudi ArabiaJeddah0.760%*0%*20%*0%22%*0%20%20%0%0%NoneNone
33CambodiaPhnom Penh0.7620%20%20%10%3.4%0%0%0%0%0%NoneNone
34Saudi ArabiaRiyadh0.760%*0%*20%*0%22%*0%20%20%0%0%NoneNone
35Isle of ManDouglas0.7410.3%20%0%*20%23.8%0%0%0%0%0%NoneNone
36MaltaValletta0.7423.32%15%*35%18%20%2%*Income taxIncome taxIncome tax0%NoneFlat Rate (15%)
37KazakhstanAlmaty0.7310%10%20%12%21%0%10%5%5%0%NoneNone
38SyriaDamascus0.7320%22%31%*0%*24.1%25%*Income tax0%0%0%NoneNone
39Costa RicaSan Jose0.7323%25%30%13%35.67%0%0%25%0%0%NoneNone
40MongoliaUlaanbaatar0.7310%10%10%*10%21%0%10%10%10%0%NoneNone
41SyriaAleppo0.7220%22%37%*0%*24.1%25%*Income tax0%0%0%NoneNone
42BarbadosBridgetown0.7226%32.7%25%*17.5%21.35%0%0%Income taxIncome tax0%NoneNon-domicle*
43BoliviaLa Paz0.7213%13%25%14.94%29.42%0%0%0%0%0%NoneNone
44JordanAmman0.7120%20%20%16%21.75%0%0%0%0%0%NoneNone
45MauritiusPort Louis0.7115%15%15%15%14%15%*0%0%0%0%NoneNone
46BulgariaSofia0.7110%10%10%20%32.4%0.04%0%10%0%0%NoneNone
47LaosVientiane0.7124%24%24%10%11.5%0%0%0%10%0%NoneNone
48IraqBaghdad0.715%15%15%0%*30%0%15%15%15%0%NoneNone
49IndiaBangalore0.730%36%33.6%14.5%24%0%10%10%10%0%NoneNon-ordinarly resident*
50ThailandBangkok0.720%35%20%7%10%5%*0%10%0%*0%NoneNone
51IndiaChennai0.730%36%33.6%12.5%24%0%10%10%10%0%NoneNon-ordinarly resident*
52TanzaniaDar es Salaam0.730%30%30%18%21%0%0%5%10%0%NoneShort term resident*
53IndiaDelhi0.730%36%33.6%12.5%24%0%10%10%10%0%NoneNon-ordinarly resident*
54IndiaHyderabad0.730%36%33.6%12.5%24%0%10%10%10%0%NoneNon-ordinarly resident*
55IndiaKolkata0.730%36%33.6%14.5%24%0%10%10%10%0%NoneNon-ordinarly resident*
56NigeriaLagos0.724%24%30%5%22.5%0%0%0%10%0%NoneNone
57IndiaMumbai0.730%36%33.6%13%24%0%10%10%10%0%NoneNon-ordinarly resident*
58HondurasTegucigalpa0.725%25%25%*15%7.5%0%10%0%0%0%NoneNone
59AzerbaijanBaku0.6925%25%20%18%25%0%25%25%25%0%NoneInvestor Certificate*
60GrenadaSaint George's0.6926%30%30%15%9%0%0.75%*0.75%*0.75%*0%NoneNone
61Saint LuciaCastries0.6829.62%30%33.33%15%10%0%0%0%0%*0%NoneNone
62ChinaFoshan0.6843.5%45%25%*17%34.25%0%0%10%*20%0%NoneNon-domicle*
63ChinaGuangzhou0.6843.5%45%25%*17%34.25%0%0%10%*20%0%NoneNon-domicle*
64RussiaMoscow0.6813%13%20%18%30%0%0%9%9%0%NoneNone
65RussiaSaint Petersburg0.6813%13%20%18%30%0%0%9%9%0%NoneNone
66HondurasSan Pedro Sula0.6825%25%25%*15%15.5%0%10%0%0%0%NoneNone
67ChileSantiago0.6835%35%25.5%19%23%0%35%35%8%*0%NoneNon-domicle*
68ChinaShenzhen0.6843.5%45%25%*17%34.25%0%0%10%*20%0%NoneNon-domicle*
69ChinaChangsha0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
70ChinaChengdu0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
71ChinaChongqing0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
72Sri LankaColombo0.6722%24%14%15%23%0%0%Income tax0%0%NoneNone
73ChinaHangzhou0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
74ChinaNanjing0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
75ChinaNingbo0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
76ChinaQingdao0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
77El SalvadorSan Salvador0.6727%30%30%13%23.5%0%0%0%0%0%NoneNone
78ChinaShenyang0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
79ChinaSuzhou0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
80ChinaTianjin0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
81ChinaWuhan0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
82ChinaWuxi0.6743.5%45%25%*17%40%*0%0%10%*20%0%NoneNon-domicle*
83ChinaBeijing0.6643.5%45%25%*17%44.4%0%0%10%*20%0%NoneNon-domicle*
84SwitzerlandGeneva0.6614.72%40.33%32.16%8%14.08%0%0%Income taxIncome tax4.5%NoneLump Sum
85SwitzerlandLausanne0.6618.89%41.61%28.35%8%14.08%0.35%0%Income taxIncome tax3.39%NoneLump Sum
86PeruLima0.6624%30%27%18%9%0%5%8%8%0%NoneNone
87Cape VerdePraia0.6617%27.5%25.5%15%23%0%1%10%10%0%NoneNone
88ChinaShanghai0.6643.5%45%25%*17%43.65%0%0%10%*20%0%NoneNon-domicle*
89RomaniaBucharest0.6516%16%16%19%39.25%0%16%5%5%0%NoneNone
90EgyptCairo0.6522%22.5%22.5%13%35%0%0%10%*10%0%NoneNone
91UkraineKiev0.6519.5%*19.5%*18%20%22%0%*6.5%*6.5%*19.5%*0%NoneNone
92IndonesiaJakarta0.6427%30%25%10%13.24%0%0.1% of transaction10%Income tax0%NoneNone
93Czech RepublicPrague0.6415%15%19%21%35%0%0%15%15%0%NoneNone
94UzbekistanTashkent0.6423%23%7.5%20%32.5%0%Income tax10%*0%0%NoneNone
95PakistanKarachi0.6330%30%31%17%12%0%0%12.5%12.5%0%NoneNone
96PakistanLahore0.6330%30%31%17%12%0%0%12.5%12.5%0%NoneNone
97ComorosMoroni0.6330%30%35%0%0%1.5%15%15%15%0%NoneNone
98CyprusNicosia0.6230%35%12.5%19%19.3%0%0%17%17%0%NoneNone
99Dominican RepublicSanto Domingo0.6224%25%27%18%16.9%3%*27%0%0%1%NoneNone
100TaiwanKaohsiung0.6122%44%17%5%20.05%10%*Income tax*0%20%*0%NoneNone
101KenyaNairobi0.6130%30%30%16%$200%0%5%Income tax0%NoneNone
102LatviaRiga0.6123%23%15%21%34.09%0.5%*15%10%10%0%NoneNone
103FijiSuva0.6120%29%20%9%18%0%10%15%Income tax0%NoneNone
104TaiwanTaichung0.6122%44%17%5%20.05%10%*Income tax*0%20%*0%NoneNone
105TaiwanTaipei0.6122%44%17%5%20.05%10%*Income tax*0%20%*0%NoneNone
106MexicoMexico City0.630%34.45%30%16%max $4310/y0%10%0%*Income tax0%NoneNone
107New ZealandAuckland0.5926.66%32.36%28%15%2.01%*0%0%Income taxIncome tax0%NoneNone
108HungaryBudapest0.5815%15%19%*27%45.5%0%15%15%15%0%NoneNone
109PortugalLisbon0.5733%*44.8%*21%23%34.75%0%28%1/2 of Income tax28%0%NoneNon-domicile*
110CanadaVancouver0.5719.02%31.7%26%*12%7.14%*0%*1/2 of Income tax14.8%Income tax0%Capital Gains*None
111ColombiaBogota0.5631%33%33%*16%24.5%Capital Gains0%0%Income tax1.5%NoneNone
112SlovakiaBratislava0.5625%25%21%20%48.6%0%0%7%35%0%NoneNone
113ColombiaCali0.5631%33%33%*16%24.5%Capital Gains0%0%Income tax1.5%NoneNone
114ColombiaMedellin0.5631%33%33%*16%24.5%Capital Gains0%0%Income tax1.5%NoneNone
115BrazilRio de Janeiro0.5627.2%27.5%34%*20%47.8%0.4%15%0%Income tax0%NoneNon-resident
116DominicaRoseau0.5629.16%35%25%15%12.25%0%0%Income tax*Income tax*0%NoneNone
117BrazilSao Paulo0.5627.2%27.5%34%*20%47.8%0.4%15%0%Income tax0%NoneNon-resident
118BrazilBelo Horizonte0.5527.2%27.5%34%*20%47.8%0.5%15%0%Income tax0%NoneNon-resident
119BrazilBrasilia0.5527.2%27.5%34%*20%47.8%0.6%15%0%Income tax0%NoneNon-resident
120PhilippinesManila0.5532%32%30%12%$2602%3.5% of transaction*0.5% of transaction*Income tax0%NoneNone
121CanadaToronto0.5519.31%40.5%26.5%*13%7.14%*0%*1/2 of Income tax14.8%Income tax0%Capital Gains*None
122TunisiaTunis0.5533%35%25%18%25.75%0.25%10%5%Income tax0%NoneNone
123SwitzerlandZurich0.5512.87%36.83%26.82%8%14.08%0%0%Income taxIncome tax3%NoneAbolished
124South KoreaBusan0.5418%*38.52%*24.2%10%17.67%50%*0%*Income taxIncome tax*0%NoneNon-permanent*
125South AfricaCape Town0.5434%40%28%14%4.55%20%*16.4%*15%15%0%NoneNone
126VenezuelaCaracas0.5430%34%34%*12%23%0%1% of transaction34%34%0%NoneNone
127TurkeyIstanbul0.5432%35%20%18%34.5%1.5%0%1/2 of Income tax1/2 of Income tax0%NoneNone
128South AfricaJohannesburg0.5434%40%28%14%4.55%20%*16.4%*15%15%0%NoneNone
129VenezuelaMaracaibo0.5430%34%34%*12%23%0%1% of transaction34%34%0%NoneNone
130UruguayMontevideo0.5435.6%37.6%25%22%30.75%0%12%7%12%1.5%NoneNone
131South KoreaSeoul0.5418%*38.52%*24.2%10%17.67%50%*0%*Income taxIncome tax*0%NoneNon-permanent*
132CroatiaSplit0.5444%*44%*18%25%37.2%0%0%12%12%0%NoneNone
133BangladeshChittagong0.5243%*43%*35%15%0%0%15%*Income taxIncome tax0%NoneNone
134BangladeshDhaka0.5243%*43%*35%15%0%0%15%*Income taxIncome tax0%NoneNone
135LuxembourgLuxembourg City0.5217.11%40.41%27.75%17%28.75%0%1/2 of Income tax*1/2 of Income taxIncome tax0%*NoneNone
136EthiopiaAddis Ababa0.5135%35%30%15%18%0%15%Income taxIncome tax0%NoneNone
137AlgeriaAlgiers0.5135%35%26%19%35%0.5%15%10%15%1.75%NoneNone
138MoroccoCasablanca0.5138%38%37%20%27.83%4%*15%15%15%0%NoneNone
139US Virgin IslandsCharlotte Amalie0.5116.48%34.41%38.5%*2%15.3%0%23.8%20%Income tax0%Capital Gain*None
140VietnamHanoi0.5135%35%20%5%31.5%0%Income taxIncome taxIncome tax0%NoneNone
141VietnamHo Chi Minh City0.5135%35%20%5%31.5%0%Income taxIncome taxIncome tax0%NoneNone
142IcelandReykjavik0.530.7%46.25%20%24%19.5%1%20%20%20%0%NoneNone
143CanadaMontreal0.4928%50.55%26.9%*14.975%11%*0%*1/2 of Income tax26.8%Income tax0%Capital Gains*None
144EcuadorQuito0.4917.4%35%22%12%20.55%3.5%0%Income taxIncome tax0%NoneNone
145ArgentinaBueno Aires0.4735%35%35%21%44%0.5%0%10%35%1.25%NoneNone
146IranTehran0.4733%35%25%8%30%3.5%0.5% of transaction28%Income tax0%NoneNone
147GreeceAthens0.4444.5%54%29%24%41.06%1%15%15%15%0%NoneNone
148AustraliaBrisbane0.4330%48.7%30%10%4.75%0%*Income tax50% of Income taxIncome tax0%NoneNone
149FinlandHelsinki0.4333%46%20%24%14.5%1.9%34%28.8%25.73%0%None*None
150AustraliaMelbourne0.4330%48.7%30%10%4.85%0%*Income tax50% of Income taxIncome tax0%NoneNone
151ItalyMilan0.4338.6%44.85%27.9%*22%40%4%*26%26%26%0.2%*NoneNon-domicile
152ItalyRome0.4340.16%46.52%28.82%22%40%4%*26%26%26%0.2%*NoneNon-domicile
153AustraliaSydney0.4330%48.7%30%10%5.45%0%*Income tax50% of Income taxIncome tax0%NoneNone
154UK London0.4232.28%45.93%20%20%25.8%*4%20%38.1%*38.1%*0%NoneNon-domicile
155JapanTokyo0.416.74%51%37.63%*8%28.44%35%*20%Income taxIncome tax0%15.315% of gains*Non-permanent*
156SpainBarcelona0.3939.06%50.12%25%21%37.25%3.4%23%23%23%2.75%*Capital Gains*Inpatriate*
157IrelandDublin0.3935.68%50.37%25%*23%20.25%33%*33%Income taxIncome tax0%*None*Non-domicile
158SpainMadrid0.3939.06%50.12%25%21%37.25%3.4%23%23%23%2.5%*Capital Gains*Inpatriate*
159NorwayOslo0.3932.11%45.23%24%25%55%0%29.7%29.7%29.7%0.85%Capital Gains*None
160AustriaVienna0.3648%55%25%20%47.5%*0%27.5%27.5%Income tax0%NoneNone
161NetherlandsAmsterdam0.3443.63%*51.16%*25%21%49.23%20%*30%*30%*30%*0%NoneNone
162SwedenStockholm0.3338.75%53%22%25%38.42%3%30%30%30%0%NoneNone
163GermanyBerlin0.2829.24%42.92%29.31%*19%38.65%30%*25%25%Income tax0%Capital Gains*None
164GermanyFrankfurt0.2829.24%42.92%31.06%*19%38.65%30%*25%25%Income tax0%Capital Gains*None
165GermanyMunich0.2829.24%42.92%32.1%*19%38.65%30%*25%25%Income tax0%Capital Gains*None
166BelgiumBrussels0.2756%56%33.99%21%53.5%3%33%27%27%0%NoneNone
167FranceNice0.2615.11%39.98%33.33%20%65%45%*1/2 Income tax23%23%1%*Capital Gains*None
168FranceParis0.2615.11%39.98%33.33%20%65%45%*1/2 Income tax23%23%1%*Capital Gains*None
169DenmarkCopenhagen0.2530.81%45.2%22%25%24.1%*1.5%Income tax10%Income tax0%Capital GainsNone
170USAMiami0.1516.48%34.12%40.5%7%15.3%3.9%23.8%20%Income tax0%Capital Gain*None
171USABoston0.0822.53%39.36%43%6.25%15.3%3.9%29.04%25.24%Income tax0%Capital Gain*None
172USALos Angeles0.0322.96%43.72%43.84%8.75%15.3%3.9%33.4%29.6%Income tax0%Capital Gain*None
173USASan Francisco0.0322.96%43.72%43.84%8.5%15.3%3.9%33.4%29.6%Income tax0%Capital Gain*None
174USANew York0.0125.09%44.49%50.95%8.88%15.3%3.9%34.17%30.37%Income tax0%Capital Gain*None

Taxation note

COUNTRYCITYnote TAX
AlgeriaAlgiersTTRP: 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.
AndorraAndorra la VellaTTRP: 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
AngolaLuandaRITRP: Property tax are none if rented, as it is payed by rental income.
AnguillaThe Valley
Antigua and BarbudaSaint John'sSocial 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.
ArgentinaBueno Aires
AustraliaBrisbaneITR: 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
AustraliaMelbourneITR: 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
AustraliaSydneyITR: 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
AustriaViennaRental Income: 3% of rental contract is also levied for residential properties and 5% for commercial. Social Security tax: includes all additional charges levied.
AzerbaijanBakuInvestor Certificate: provide a 50% discount on income tax.
BahamasNassauProperty 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.
BahrainManama
BangladeshChittagongCGLS: 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%.
BangladeshDhakaCGLS: if hold for more then 5 years. If not regular income rate applies. Wealth tax: incremental, 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%.
BarbadosBridgetownCorporate 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.
BelgiumBrusselsRental 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.
BermudaHamiltonSocial 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.
BoliviaLa Paz
BrazilBelo HorizonteCorporate tax: base rate of 15%+10% surcharge+ 9% social contribution. Non residents get a lower flat rate on their capital income.
BrazilBrasiliaCorporate tax: base rate of 15%+10% surcharge+ 9% social contribution. Non residents get a lower flat rate on their capital income.
BrazilRio de JaneiroCorporate tax: base rate of 15%+10% surcharge+ 9% social contribution. Non residents get a lower flat rate on their capital income.
BrazilSao PauloCorporate tax: base rate of 15%+10% surcharge+ 9% social contribution. Non residents get a lower flat rate on their capital income.
British Virgin IslandsRoad town
BulgariaSofia
CambodiaPhnom Penh
CanadaMontrealSocial Security Tax: most contributions are capped at CAD7555.32/ year, but the QPIP and the Health service are not. Corporate Tax: 19% for small business, and as low as 15% for small manifacture. 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.
CanadaTorontoSocial Security Tax: contributions are capped at CAD7135/ year. Corporate tax: can be reduced to 14.5% for small businesses. 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%
CanadaVancouverSocial Security Tax: contributions are capped at CAD7135/ year. Corporate Tax: can be reduce to 12.5% for small businesses. 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 VerdePraia
Cayman IslandsGeorge Town
ChileSantiagoNon-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.
ChinaBeijingNon-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.
ChinaChangshaNon-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
ChinaChengduNon-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
ChinaChongqingNon-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
ChinaFoshanNon-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.
ChinaGuangzhouNon-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.
ChinaHangzhouNon-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
ChinaNanjingNon-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
ChinaNingboNon-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
ChinaQingdaoNon-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
ChinaShanghaiNon-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.
ChinaShenyangNon-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
ChinaShenzhenNon-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.
ChinaSuzhouNon-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
ChinaTianjinNon-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
ChinaWuhanNon-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
ChinaWuxiNon-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
ColombiaBogotaCorporate tax: 25% + 8% CREE for 2017. An additional trade tax can be levied by municipalities up to 1%.
ColombiaCaliCorporate tax: 25% + 8% CREE for 2017. An additional trade tax can be levied by municipalities up to 1%.
ColombiaMedellinCorporate tax: 25% + 8% CREE for 2017. An additional trade tax can be levied by municipalities up to 1%.
ComorosMoroni
Costa RicaSan Jose
CroatiaSplitIncome tax: includes the 10% surcharge for the city of Split.
CyprusNicosia
Czech RepublicPrague
DenmarkCopenhagenSocial Security Tax: 10% from employee, employers varies based on activy.
DominicaRoseauDividend tax: you can deduct up to 25% of the net dividend from your income.
Dominican RepublicSanto DomingoInheritance: family property can be exempted.
EcuadorQuito
EgyptCairoDTLS: can be reduced to 5% if individual owns over 25% of shares of company and hold over 2 years.
El SalvadorSan Salvador
EthiopiaAddis Ababa
FijiSuva
FinlandHelsinkiExit tax: you might be liable to income tax for the next 3 years.
FranceNiceExit 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.
FranceParisExit 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.
GeorgiaTbilisiDTLTS: can be exempted if from Free industrial zone, financial institution and from free floating securities.
GermanyBerlinInheritance 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.
GermanyFrankfurtInheritance 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.
GermanyMunichInheritance 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.
GreeceAthens
GrenadaSaint George'sCapital 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.
GuatemalaGuatemala City
HondurasSan Pedro SulaCorporate tax: rate of 25% + 5% solidarity and 0.015% of gross income to the municipality.
HondurasTegucigalpa
Hong KongHong KongCGPT: Hong Kong levies 0.1% transaction fees on the sale or purchase of Hong Kong stock shares.
HungaryBudapestCorporate tax: 10% for revenues below $1.72M.
IcelandReykjavik
IndiaBangaloreNon-ordinarly resident: tax on local and remitted income.
IndiaChennaiNon-ordinarly resident: tax on local and remitted income.
IndiaDelhiNon-ordinarly resident: tax on local and remitted income.
IndiaHyderabadNon-ordinarly resident: tax on local and remitted income.
IndiaKolkataNon-ordinarly resident: tax on local and remitted income.
IndiaMumbaiNon-ordinarly resident: tax on local and remitted income.
IndonesiaJakarta
IranTehran
IraqBaghdadGeneral Sales tax: there are no general VAT, but restaurants and other specific services and products are taxed.
IrelandDublinInheritance: € 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.
Isle of ManDouglasCorporate tax: most businesses are not tax unless its from renting property (20%), banking (10%) or retail with sales above 1/2 M pounds (10%).
ItalyMilanIncome 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%).
ItalyRomeIncome 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%).
JapanTokyoNon-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.
JerseySaint HelierIncome 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.
JordanAmman
KazakhstanAlmaty
KenyaNairobi
KuwaitKuwait CityCorporate 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.
LaosVientiane
LatviaRigaInheritance: only on transfer of property.
LebanonBeirut
LibyaTripoli
LiechtensteinVaduzSocial 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.
LuxembourgLuxembourg CityWealth 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.
MacauMacauIncome tax: highest marginal rate is 12%, but many exemption are applicable reducing significantly the tax rate. Capital Gains: transactions are charged a stamp duty.
MalaysiaKuala LumpurCorporate tax: the amount above $1.2M is taxed at a rate of 25%.
MaltaVallettaIncome 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%)
MauritiusPort LouisInheritance: not levied on the estate, but successor must declare it as income.
MexicoMexico CityDTLTS: the corporate tax payed by the mexican company can e deducted from the income tax, leaving generally very little to be taxed.
MonacoMonacoIncome 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.
MongoliaUlaanbaatar
MoroccoCasablancaInheritance: no tax but stamp duty applies to all transactions in Morocco.
MoroccoDakhlaPersonal 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.
NetherlandsAmsterdamIncome 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 ZealandAucklandSocial 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.
NicaraguaManaguaNon 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.
NigeriaLagos
NorwayOsloExit Tax: can be differed until actual gains are made.
OmanMuscat
PakistanKarachi
PakistanLahore
PanamaPanama City
ParaguayAsuncion
PeruLima
PhilippinesManilaDTLTS: no tax but a stamp duty apply on the transaction. CGLTS: no tax but a stamp duty apply on the transaction.
PortugalLisbonIncome tax: new additional surcharge for 2017. Non-Domicile: foreign income can be tax-free and local income can be taxed at a flat rate.
QatarDohaSocial Security tax: only required for quatari nationals (15%)
RomaniaBucharest
RussiaMoscow
RussiaSaint Petersburg
Saint Kitts and NevisBasseterreSocial Security tax: can go higher if salaries are higher than $2400USD/month
Saint LuciaCastriesDividend tax: taxed only if remitted.
Saudi ArabiaJeddahIncome 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 ArabiaRiyadhIncome 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%.
SeychellesVictoriaCorporate Tax: incremantal, an additonnal CSR tax applies on turnover at a rate of 0.5%. Rental Income: corporate tax, incremental.
SingaporeSingapore
SlovakiaBratislava
South AfricaCape Towninheritance: taxable after $200,000. CGLS: basicly 40% inclusion of gains into income tax.
South AfricaJohannesburginheritance: taxable after $200,000. CGLS: basicly 40% inclusion of gains into income tax.
South KoreaBusanNon-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 17%. 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 KoreaSeoulNon-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 17%. 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.
SpainBarcelonaWealth 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.
SpainMadridWealth 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 LankaColombo
SwedenStockholm
SwitzerlandGenevaLump Sum: only for foreigners without lucrative activity other than the management of their wealth.
SwitzerlandLausanneLump Sum: only for foreigners without lucrative activity other than the management of their wealth.
SwitzerlandZurich
SyriaAleppoCorporate 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.
SyriaDamascusCorporate 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.
TaiwanKaohsiungSource: 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.
TaiwanTaichungSource: 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.
TaiwanTaipeiSource: 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.
TanzaniaDar es SalaamShort term resident: does who have been resident for less than 2 years are taxed at 15% of local income and not on worldwide income.
ThailandBangkokInheritance: 100M Bath ($2.8M) is exempted. DTFS: taxed only if remitted to Thailand.
TunisiaTunis
TurkeyIstanbul
Turks and Caicos IslandsCockburn TownGeneral 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 IslandsProvidencialesGeneral 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.
UAEAbu DhabiInheritance: property transfer tax of 4% will be levied on the property. General Sales Tax: will be levied at a rate of 5% beginning 2018.
UAEDubaiInheritance: 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 LondonDividend 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.
UkraineKievIncome tax & Dividend Tax: includes an temporary 1.5% military tax. Inheritance: Stamp duty needs to be payed on property transfer, 1%.
UruguayMontevideo
US Virgin IslandsCharlotte AmalieCorporate 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.
USABostonInheritance Tax: The federal exemption amount is $5.49M. 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.
USALos AngelesInheritance Tax: The federal exemption amount is $5.49M. 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.
USAMiamiInheritance Tax: The federal exemption amount is $5.49M. 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.
USANew YorkInheritance Tax: The federal exemption amount is $5.49M. 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.
USASan FranciscoInheritance Tax: The federal exemption amount is $5.49M. 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.
UzbekistanTashkentDTLTS: can be exempted if reinvested in the same company.
VanuatuPort VilaCorporate tax: rate is for financial services companies and companies with turnover above 10M Vatu.
VenezuelaCaracasCorporate tax: additional municipal tax is levied on turnover.
VenezuelaMaracaiboCorporate tax: additional municipal tax is levied on turnover.
VietnamHanoi
VietnamHo 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 2017. 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 2017. The 2017 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/