The 2018 STC TAXATION INDEX
 

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TAX INDEX
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RankCOUNTRYCITYSourceTax ResidenceIndexIncome 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 regimeChina tax treaty
1Cayman IslandsGeorge TownNoneN/A100000000000Noney
2Turks and Caicos IslandsCockburn TownNoneN/A0.99000*0%*6%000000Nonen
2Turks and Caicos IslandsProvidencialesNoneN/A0.99000*0%*6%000000Nonen
4UAEAbu DhabiNoneN/A0.980005%0000000Noney
4UAEDubaiNoneN/A0.980005%0000000Noney
6British Virgin IslandsRoad townNoneN/A0.98000014%000000Noney
7AnguillaThe ValleyTerritorialN/A0.97000016%000000Nonen
8QatarDohaTerritorial183 days or vital interests0.970010%5%*0*000000Noney
9KuwaitKuwait CityNoneN/A0.96000%*0*22%000000Noney
10BahamasNassauNoneN/A0.96000*7.50%9.80%000000Noney
11BahrainManamaNoneN/A0.960005%17%000000Noney
12BermudaHamiltonNoneN/A0.94000019%20%*00000Noney
13OmanMuscatNoneN/A0.930015%5%*18.50%000000Noney
14VanuatuPort VilaNoneN/A0.9005% of gross income*12.50%8%000000Nonen
15MonacoMonacoNone183 days0.88000 or 33%*20%30%000000Nonen
16Antigua and BarbudaSaint John'sWorldwide183 days0.870%0%25%15%22%*00%*0%0%00Nonen
17Saint Kitts and NevisBasseterreNoneN/A0.860033%17%18.50%000000Nonen
18Saudi ArabiaJeddahWorldwideResidential ties and 30 days 0.850%*0%*20%*5%22%*020%20%000Noney
19Saudi ArabiaRiyadhWorldwideResidential ties and 30 days 0.850%*0%*20%*5%22%*020%20%000Noney
20GibraltarGibraltarTerritorial*183 days0.8414%20%10%030%000000Lump Sum*n
21MoroccoDakhlaWorldwide183 days or residential ties0.830*0*0*20%27.83%4%*0*0*0*00Noney
22Hong KongHong KongTerritorial180 days*0.8215%15%16.50%0000.10%0000Noney
23MacauMacauTerritorialN/A0.816.2%*6.2%*12%09.38$03%*12%12%00Noney
24LiechtensteinVaduzWorldwide6 months0.84.50%16.95%12.50%8%12.67%*00001%*0Lump Sumy
25AndorraAndorra la VellaWorldwide183 days0.7810%10%5%4.5%0%0%10%10%0%0%0%Nonen
26JerseySaint HelierWorldwide6 months or residential ties0.7620%20%*0*5%12.50%000000Noney
27LibyaTripoliTerritorialN/A0.7613%13%24%0%15.00%010%10%000Nonen
28KazakhstanAstanaWorldwide183 days or vital interests0.7610%10%30%12%21%010%5%5%00AIFC*y
29ParaguayAsuncionTerritorial120 days0.758%10%10%10%25.50%0Income5%000Nonen
30GuatemalaGuatemala CityTerritorial183 days0.747%7%25%12%17.50%010%5%0%00Nonen
31SingaporeSingaporeTerritorial183 days0.748%20.35%17%7%37%000000Noney
32CambodiaPhnom PenhWorldwide183 days or residential ties0.7320%20%20%10%3.40%000000Noney
33MalaysiaKuala LumpurTerritorial182 days0.7221.73%27%24%6%21%000000Noney
34ThailandBangkokWorldwide180 days0.7220%35%20%7%10%5%*010%0*00Foreign income* y
34ThailandPhuketWorldwide180 days0.7220%35%20%7%10%5%*010%0*00Foreign income* y
36AngolaLuandaTerritorial183 days0.7217%17%30%10%11%15%00000Nonen
37BoliviaLa PazTerritorialTax on local income only0.7213%13%25%14.94%29.42%000000Nonen
38SeychellesVictoriaTerritorial183 days0.7115%15%33%*15%4%0015%000Noney
39Isle of ManDouglasWorldwide6 months or residential ties0.7110.30%20%0%*20%23.8%000000Noney
40GeorgiaTbilisiTerritorial183 days0.7120%20%15%18%0020%5%*000Noney
41LebanonBeirutTerritorial183 days or residential ties0.720%20%15%10%25.50%12%0%10%000Nonen
42HondurasTegucigalpaTerritorial90 days0.725%25%25%*15%7.50%010%0%0%00Noney
43MauritiusPort LouisWorldwide183 days*0.6915%15%15%15%14%15%*00000Noney
44PanamaPanama CityTerritorial183 days0.6920%25%25%7%25%010%10%0%00Nonen
45NicaraguaManaguaTerritorial180 days or economic interest0.6830%30%30%15%14.25%0*10%10%000Non-residentn
46HondurasSan Pedro SulaTerritorial90 days0.6825%25%25%*15%15.50%010%0%0%00Nonen
47BulgariaSofiaWorldwide183 days or residential ties0.6810%10%10%20%32.40%0.40%010%0%00Noney
48LaosVientianeWorldwideN/A0.6824%24%24%10%11.50%00%0%10%00Noney
49JordanAmmanWorldwide183 days0.6820%20%20%16%21.75%000000Nonen
50KazakhstanAlmatyWorldwide183 days or vital interests0.6810%10%30%12%21%010%5%5%00Noney
51IraqBaghdadWorldwide6 months or 4 months continious0.6715%15%15%0*30%015%15%15%00Nonen
52NigeriaLagosWorldwide183 days0.6724%24%30%5%23%00%010%00Noney
53SyriaDamascusTerritorialResidential ties0.6620%22%31%*0*24.10%25%*Income0000Noney
54BelarusMinskWorldwide183 days0.6612%12%26.30%20%35%000000Noney
55GrenadaSaint George'sWorldwide183 days0.6526%30%30%15%9%00.75%*0.75%*0.75%*00Nonen
56Saint LuciaCastriesWorldwide183 days or residential ties0.6529.62%30%30.00%15%10%0000*00Nonen
57RussiaMoscowWorldwide183 days0.6513%13%20%18%30%009%9%00Noney
57RussiaSaint PetersburgWorldwide183 days0.6513%13%20%18%30%009%9%00Noney
59SyriaAleppoTerritorialResidential ties0.6520%22%37%*0*24.10%25%*Income0000Noney
60El SalvadorSan SalvadorWorldwide200 days or main source of income0.6427%30%30%13%23.50%000000Nonen
61MontenegroBudvaWorldwide183 days or vital interests0.6411.5%12.6%9%21%24.30%0IncomeIncomeIncome00Noney
62TanzaniaDar es SalaamWorldwide183 days or residential ties*0.6330%30%30%18%21%005%10%00Short term resident*n
63CyprusLimassolWorldwide60 days or 183 days*0.6330%35%12.50%19%19.30%0017%17%00Non-domicile*y
63CyprusNicosiaWorldwide60 days or 183 days*0.6330%35%12.50%19%19.30%0017%17%00Non-domicile*y
65Costa RicaSan JoseTerritorial6 months*0.6323%25%30%13%35.67%0025%000Nonen
66MaltaVallettaWorldwideResidence ties* 0.6223.32%15%*35%18%20%2%*IncomeIncomeIncome00Flat Rate (15%)*y
67MongoliaUlaanbaatarWorldwide183 days0.6225%25%25%10%22%010%10%10%00Noney
68PeruLimaWorldwide183 days0.6224%30%30%18%9%05%8%8%00Nonen
69EgyptCairoWorldwide183 days or residential ties0.6222%22.50%22.50%14%35%0010%*10%00Noney
70Sri LankaColomboWorldwide183 days0.6222%24%28%15%23%00Income000Noney
71RomaniaBucharestWorldwide183 days or vital interests0.6116%16%16%19%39.25%016%5%5%00Noney
72UkraineKievWorldwideVital interests or 183 days0.6119.5%*19.5%*18%20%22%0*6.5%*6.5%*19.5%*00Noney
73Cape VerdePraiaWorldwide183 days or residential ties0.6127.50%27.50%25.5%15%23%01%10%10%00Nonen
74ComorosMoroniWorldwide183 days0.6130%30%35%0015%15%15%15%00Nonen
75MoldovaChisinauWorldwide183 days or residential ties0.6117%18%12%20%38%0Income6%6%00Noney
76IndonesiaJakartaWorldwide183 days0.6127%30%25%10%13.24%00.1% of transaction10%Income00Noney
77Czech RepublicPragueWorldwide183 days or residential ties0.6115%15%19%21%35%0015%15%00Noney
78KenyaNairobiWorldwide183 days*0.6130%30%30%16%20$005%Income00Nonen
79FijiSuvaWorldwide183 days0.620%29%20%9%18%010%15%Income00Nonen
80UzbekistanTashkentWorldwide183 days0.623%23%7.50%20%32.50%0Income10%*000Noney
81PakistanKarachiWorldwide183 days0.630%30%30%17%12%0012.50%12.50%00Noney
81PakistanLahoreWorldwide183 days0.630%30%30%17%12%0012.50%12.50%00Noney
83SerbiaBelgradeWorldwideVital interests or 183 days0.610%15%15%20%37.8015%15%15%00Noney
84IndiaChennaiWorldwide182 days*0.5930%36%33.6%12.50%24%010%10%10%00Non-ordinarly resident*y
85IndiaDelhiWorldwide182 days*0.5930%36%33.6%12.50%24%010%10%10%00Non-ordinarly resident*y
86IndiaHyderabadWorldwide182 days*0.5930%36%33.6%12.50%24%010%10%10%00Non-ordinarly resident*y
87IndiaMumbaiWorldwide182 days*0.5930%36%33.6%13%24%010%10%10%00Non-ordinarly resident*y
88TaiwanKaohsiungTerritorial*183 days or vital interests*0.5922%44%17%5%20.05%10%*Income*020%*00Noney*
88TaiwanTaichungTerritorial*183 days or vital interests*0.5922%44%17%5%20.05%10%*Income*020%*00Noney*
88TaiwanTaipeiTerritorial*183 days or vital interests*0.5922%44%17%5%20.05%10%*Income*020%*00Noney*
91IndiaBangaloreWorldwide182 days*0.5930%36%33.6%14.50%24%010%10%10%00Non-ordinarly resident*y
92IndiaKolkataWorldwide182 days*0.5930%36%33.6%14.50%24%010%10%10%00Non-ordinarly resident*y
93Dominican RepublicSanto DomingoWorldwide183 days0.5924%25%27%18%16.93%*27%001%0Nonen
94HungaryBudapestWorldwide183 days or vital interests*0.5715%15%9%27%38.50%015%15%15%00Nonen
95EstoniaTallinnWorldwide183 days or residential ties0.5718%20%20%20%39%020%*20%*0*00Noney
96LatviaRigaWorldwide183 days or residential ties0.5723%23%20%*21%34.09%0.5%*15%0%*20%00Noney
97US Virgin IslandsCharlotte AmalieCitizenshsipNationals and lawfull permanent residents*0.5710.48%30.41%24.5%*2%15.3023.8%20%Income0Capital Gain*Noney
98BarbadosBridgetownWorldwide183 days0.5726%32.70%25%*17.50%21.35%00IncomeIncome00Non-domicle*y
99AzerbaijanBakuWorldwide183 days0.5725%25%20%18%25%025%25%25%00Investor Certificate*y
100New ZealandAucklandWorldwide183 days or residential ties0.5626.66%32.36%28%15%2.01%*00IncomeIncome00Noney
101ChinaFoshanWorldwideResidential ties0.5643.50%45.00%25%*17%34.25%0010%*20%00Non-domicile*y
101ChinaGuangzhouWorldwideResidential ties0.5643.50%45.00%25%*17%34.25%0010%*20%00Non-domicile*y
101ChinaShenzhenWorldwideResidential ties0.5643.50%45.00%25%*17%34.25%0010%*20%00Non-domicile*y
104AlbaniaDurresWorldwide183 days or residential ties0.5523%23%15%20%27.90%015%23%23%00Noney
105MexicoMexico CityWorldwideVital interests0.5530%34.45%30%16%max $4310/y010%0*Income00Noney
106ChinaChangshaWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaChengduWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaChongqingWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaHangzhouWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaNanjingWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaNingboWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaQingdaoWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaShenyangWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaSuzhouWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaTianjinWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaWuhanWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
106ChinaWuxiWorldwideResidential ties0.5543.50%45.00%25%*17%40%*0010%*20%00Non-domicile*y
118PhilippinesManilaWorldwide180 days0.5432%32%30%12%260$20%3.5% of transaction*0.5% of transaction*Income00Noney
119ChinaBeijingWorldwideResidential ties0.5443.50%45.00%25%*17%44%0010%*20%00Non-domicile*y
119ChinaShanghaiWorldwideResidential ties0.5443.50%45.00%25%*17%43.65%0010%*20%00Non-domicile*y
121DominicaRoseauWorldwide183 days*0.5329.16%35%25%15%12.25%00Income*Income*00Nonen
122ColombiaBogotaWorldwide183 days*0.5331%33%33%*16%24.50%Capital Gains00Income1.50%0Nonen
122ColombiaCaliWorldwide183 days*0.5331%33%33%*16%24.50%Capital Gains00Income1.50%0Nonen
122ColombiaMedellinWorldwide183 days*0.5331%33%33%*16%24.50%Capital Gains00Income1.50%0Nonen
125SlovakiaBratislavaWorldwide183 days or residential ties0.5325%25%21%20%48.60%00%7%35%00Noney
126LuxembourgLuxembourg CityWorldwide6 months0.5317.11%32.41%26%17%28.75%01/2 of Income*1/2 of IncomeIncome0*0Noney
127CanadaVancouverWorldwide183 days or residential ties0.5320.35%46.17%27.0%12%7.14%*0*1/2 of Income10.40%Income0Capital Gains*Noney
128TunisiaTunisWorldwide183 days or residential ties0.5233%35%25%18%25.75%2.50%10%5%Income00Noney
129BrazilBelo HorizonteWorldwide183 days*0.5227.20%27.50%34%*20%33.50%5%15%0Income00Noney
129BrazilBrasiliaWorldwide183 days*0.5227.20%27.50%34%*20%33.50%6%15%0Income00Noney
129BrazilRio de JaneiroWorldwide183 days*0.5227.20%27.50%34%*20%33.50%4%15%0Income00Noney
129BrazilSao PauloWorldwide183 days*0.5227.20%27.50%34%*20%33.50%4%15%0Income00Noney
131SwitzerlandLausanneWorldwideVital interests or 30 days*0.5218.89%41.61%28.35%7.7%14.08%3.50%0.00%IncomeIncome3.39%0.00%Lump Sumy
132TurkeyIstanbulWorldwide6 months0.5232%35%22%18%34.50%15%01/2 of Income1/2 of Income00Noney
133ChileSantiagoWorldwide6 months*0.5235%35%25.50%19%23%035%35%8%*00Non-domicile*y
134SwitzerlandZurichWorldwideVital interests or 30 days*0.5212.87%36.83%26.82%7.7%14.08%00.00%IncomeIncome3%0%Abolishedy
137SwitzerlandGenevaWorldwideVital interests or 30 days*0.5114.72%40.33%32.16%7.7%14.08%00.00%IncomeIncome4.50%0.00%Lump Sumy
138South AfricaCape TownWorldwide91 days in each of the last 5 years*0.5134%45%28%14%4.55%20%*16.4%*20%20%00Noney
138South AfricaJohannesburgWorldwide91 days in each of the last 5 years*0.5134%45%28%14%4.55%20%*16.4%*20%20%00Noney
140CanadaTorontoWorldwide183 days or residential ties0.5121.90%49.56%26.50%13%7.14%*0*1/2 of Income11.30%Income0Capital Gains*Noney
141CroatiaSplitWorldwide183 days*0.544%*44%*18%25%37.20%0012%12%00Noney
142UruguayMontevideoWorldwideVital interests or 183 days0.535.60%37.60%25%22%30.75%012%7%12%1.50%0Nonen
143IranTehranTerritorialN/A0.533%35%25%9%30%35%0.5% of transaction28%Income00Noney
144South KoreaBusanWorldwide183 days or residential ties0.518%*38.52%*24.20%10%17.67%50%*0*IncomeIncome*00Non-permanent*y
144South KoreaSeoulWorldwide183 days or residential ties0.518%*38.52%*24.20%10%17.67%50%*0*IncomeIncome*00Non-permanent*y
146VenezuelaCaracasWorldwide184 days0.530%34%34%*12%23%01% of transaction34%34%00Noney
147VenezuelaMaracaiboWorldwide184 days0.530%34%34%*12%23%01% of transaction34%34%00Noney
148MoroccoCasablancaWorldwide183 days or residential ties0.4938%38%31%20%27.83%4%*15%15%15%00Noney
149EcuadorQuitoWorldwide183 days0.4917.40%35%22%12%20.5535%0IncomeIncome00Noney
150PolandWarsawWorldwideVital interests or 183 days0.4928%32%19%23%45.12%019%19%19%00Noney
151USAMiamiCitizenshsipNationals and lawfull permanent residents*0.499.95%30.12%26.50%7%15.339%23.80%20.00%Income0Capital Gain*Noney
152AlgeriaAlgiersWorldwide183 days*0.4835%35%26%19%35%5%15%10%15%1.75%0.00%Noney
153EthiopiaAddis AbabaWorldwide183 days0.4835%35%30%15%18%015%IncomeIncome00Noney
154CanadaMontrealWorldwide183 days or residential ties0.4827%50.25%26.70%14.98%11%*0*1/2 of Income14.00%Income0Capital Gains*Noney
155VietnamHanoiWorldwide183 days0.4735%35%20%5%31.50%0IncomeIncomeIncome00Noney
155VietnamHo Chi Minh CityWorldwide183 days0.4735%35%20%5%31.50%0IncomeIncomeIncome00Noney
157IcelandReykjavikWorldwide183 days0.4734.00%46.24%20%24%19.50%10%20%20%20%00Noney
158PortugalLisbonWorldwide183 days or residential ties0.4733%*44.8%*21%23%34.75%028%1/2 of Income28%00Non-domicile*y
159ArgentinaBuenos AiresWorldwide183 days*0.4735%35%30%*21%43%5%0%10%35%0.50%0.00%Noney
160SloveniaLjubljanaWorldwideVital interests or 183 days0.4523%50%19%22%38.20%025%25%25%00Noney
161BangladeshChittagongWorldwide183 days0.4543%*43%*35%15%0015%*IncomeIncome00Noney
161BangladeshDhakaWorldwide183 days0.4543%*43%*35%15%0015%*IncomeIncome00Noney
163ItalyMilanWorldwide183 days or residential ties0.4438.644.85%27.9%*22%40%4%*26%26%26%0.2%*0Non-domicile*y
164ItalyVeniceWorldwide183 days or residential ties0.4438.644.85%27.9%*22%40%4%*26%26%26%0.2%*0Non-domicile*y
165AustraliaBrisbaneWorldwide183 days0.4430%48.70%30%10%4.75%0*Income50% of IncomeIncome00Noney
165AustraliaMelbourneWorldwide183 days0.4430%48.70%30%10%4.85%0*Income50% of IncomeIncome00Noney
165AustraliaSydneyWorldwide183 days0.4430%48.70%30%10%5.45%0*Income50% of IncomeIncome00Noney
168USABostonCitizenshsipNationals and lawfull permanent residents*0.4415.06%35.36%29%6.25%15.339%29.04%25.24%Income0Capital Gain*Noney
169ItalyRomeWorldwide183 days or residential ties0.4440.16%46.52%28.82%22%40%4%*26%26%26%0.2%*0Non-domicile*y
170FinlandHelsinkiWorldwide6 months continious*0.4233%46%20%24%14.50%19%34%28.80%25.73%00*Noney
171GreeceAthensWorldwideVital interests0.4145%54%29%24%41.06%10%15%15%15%00Noney
172GreeceCorfuWorldwideVital interests0.4145%54%29%24%41.06%10%15%15%15%00Noney
173USASan FranciscoCitizenshsipNationals and lawfull permanent residents*0.4110.24%39.72%29.84%8.50%15.339%33.40%29.60%Income0Capital Gain*Noney
174UK LondonWorldwide183 days*0.432.28%45.93%19%20%25.8%*40%20%38.1%*38.1%*00Non-domiciley
175USALos AngelesCitizenshsipNationals and lawfull permanent residents*0.415.24%39.72%29.84%8.75%15.339%33.40%29.60%Income0Capital Gain*Noney
176DenmarkCopenhagenWorldwide6 months consecutive or residential ties0.3930.81%45.20%22%25%24.1%*15%Income10%Income0Capital GainsNoney
177USANew YorkCitizenshsipNationals and lawfull permanent residents*0.3814.85%40.49%36.95%8.88%15.339%34.17%30.37%Income0Capital Gain*Noney
178JapanTokyoWorldwideResidencial ties*0.3816.74%51.00%37.63%*8%28.44%35%*20%IncomeIncome015.315% of gains*Non-permanent*y
179GermanyBerlinWorldwide6 months or residential ties0.3629.24%42.92%29.31%*19%38.65%30%*25%25%Income0Capital Gains*Noney
180GermanyFrankfurtWorldwide6 months or residential ties0.3629.24%42.92%31.06%*19%38.65%30%*25%25%Income0Capital Gains*Noney
181NorwayOsloWorldwide183 days*0.3632.11%45.23%23%25%55%029.70%29.70%29.70%0.85%Capital Gains*Noney
182GermanyMunichWorldwide6 months or residential ties0.3629.24%42.92%32.1%*19%38.65%30%*25%25%Income0Capital Gains*Noney
183SpainBarcelonaWorldwide183 days or vital interests0.3439.06%50.12%25%21%37.25%34%23%23%23%2.75%*Capital Gains*Inpatriate*y
183SpainMadridWorldwide183 days or vital interests0.3539.06%50.12%25%21%37.25%34%23%23%23%2.5%*Capital Gains*Inpatriate*y
185FranceNiceWorldwideResidential & economic ties0.3415.11%39.98%33.33%20%65%45%*1/2 Income23%23%1%*Capital Gains*Noney
185FranceParisWorldwideResidential & economic ties0.3415.11%39.98%33.33%20%65%45%*1/2 Income23%23%1%*Capital Gains*Noney
187IrelandDublinWorldwide183 days*0.3335.68%50.37%25%*23%20.25%33%*33%IncomeIncome0*0*Non-domiciley
188NetherlandsAmsterdamWorldwideVital interests0.3343.63%*51.16%*25%21%49.23%20%*30%*30%*30%*00Noney
189SwedenStockholmWorldwide6 months*0.3338.75%53%22%25%38.42%30%30%30%30%00Noney
190AustriaViennaWorldwide183 days0.3248%55%25%20%47.5%*027.50%27.50%Income00Noney
191BelgiumBrusselsWorldwideRegistered in national registery0.2856%56%29.58%21%53.50%30%33%27%27%00Noney
Tax Note
COUNTRYCITYnote TAX
AlbaniaDurres
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. Tax Res: Those that own property and income in Algeria can be liable to tax residence.
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.
ArgentinaBuenos AiresTax 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.
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. 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%.
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.
BelarusMinsk
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. Tax Res: Brazilian nationals need to
BrazilBrasiliaCorporate tax: base rate of 15%+10% surcharge+ 9% social contribution.
BrazilRio de JaneiroCorporate tax: base rate of 15%+10% surcharge+ 9% social contribution.
BrazilSao PauloCorporate tax: base rate of 15%+10% surcharge+ 9% social contribution.
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. 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. 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. 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. Tax Res: 6 months consecutive or 6 months in 2 calendar years
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: 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.
ColombiaCaliCorporate 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.
ColombiaMedellinCorporate 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.
ComorosMoroni
Costa RicaSan JoseTax Res: those under payroll in Costa Rica are tax residents.
CroatiaSplitIncome 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.
CyprusLimassolNon-dom: no tax on capital income from Cyprus or abroad. Tax res: for 60 days - cannot stay 183 days in an other country.
CyprusNicosiaNon-dom: no tax on capital income from Cyprus or abroad. Tax res: for 60 days - cannot stay 183 days in an other country.
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. Tax Res: tax resident if resident the year before or after
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
EstoniaTallinnInvestment 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.
EthiopiaAddis Ababa
FijiSuva
FinlandHelsinkiExit tax/Tax Res: can be considered tax resident for another 3 years after departure unless they prove they have had no essential connections.
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.
GibraltarGibraltarSource: Taxed on foreign income remitted to Gibraltar. STR: Maximum tax contribution capped at £22,000 under Category 2 individuals.
GreeceAthens
GreeceCorfu
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. Tax Res: or 300 days in 2 years
HungaryBudapestTax Res: for hungarian citizen, nationality can be a factor.
IcelandReykjavik
IndiaBangaloreNon-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).
IndiaChennaiNon-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).
IndiaDelhiNon-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).
IndiaHyderabadNon-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).
IndiaKolkataNon-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).
IndiaMumbaiNon-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).
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. 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 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%). 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
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%). 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.
ItalyVeniceIncome 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.
JapanTokyoTax 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.
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
KazakhstanAstanaSTR: under the Astana International Financial Center companies and individuals can be shielded from tax.
KenyaNairobiTax Res: or each of the two preceding years of income for periods averaging more than 122 days in each year of income.
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. Corporate tax: no tax on corporate income until distributed. Dividend tax: 20% tax or none if corporate tax on dividend was paid.
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%.
MaltaVallettaRes 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.
MauritiusPort LouisTax 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.
MexicoMexico CityDTLTS: the corporate tax payed by the mexican company can e deducted from the income tax, leaving generally very little to be taxed.
MoldovaChisinau
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
MontenegroBudva
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
NorwayOsloTax 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.
OmanMuscatVAT: Must be introduced by the end of 2018.
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.
PolandWarsaw
PortugalLisbonIncome 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%.
QatarDohaSocial Security tax: only required for quatari nationals (15%). Sale tax: to be introduce before the end of 2018
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%.
SerbiaBelgrade
SeychellesVictoriaCorporate Tax: incremantal, an additonnal CSR tax applies on turnover at a rate of 0.5%. Rental Income: corporate tax, incremental.
SingaporeSingapore
SlovakiaBratislava
SloveniaLjubljana
South AfricaCape TownTax 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 AfricaJohannesburgTax 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 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 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 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 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.
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
SwedenStockholmTax Res: habitual Swedish taxpayers will have to wait 5 years to break tax residence.
SwitzerlandGenevaTax 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.
SwitzerlandLausanneTax 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.
SwitzerlandZurichTax Res: 30 days (gainfull activities) or 90 days (non gainful activities).
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.
TaiwanKaohsiungTax 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.
TaiwanTaichungTax 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.
TaiwanTaipeiTax 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.
TanzaniaDar es SalaamTax 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.
ThailandBangkokInheritance: 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.
ThailandPhuketInheritance: 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.
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 LondonTax 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.
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 AmalieTax 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.
USABostonTax 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.
USALos AngelesTax 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.
USAMiamiTax 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.
USANew YorkTax 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.
USASan FranciscoTax 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.
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 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/