The 2018 STC TAXATION INDEX

This year the STC Taxation index by Global Residence 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.

Rank COUNTRY CITY Source Tax Residence Index Income tax on 100K Income tax $1M Corporate tax General Sales Tax Social Security total Inheritance tax-(Children) Capital gain on local publicly traded shares Dividend tax on local publicly traded shares Dividend tax on foreign shares Wealth Tax Exit Tax Special Tax regime China tax treaty
1 Cayman Islands George Town None N/A 1 0 0 0 0 0 0 0 0 0 0 0 None y
2 Turks and Caicos Islands Cockburn Town None N/A 0.99 0 0 0* 0%* 6% 0 0 0 0 0 0 None n
2 Turks and Caicos Islands Providenciales None N/A 0.99 0 0 0* 0%* 6% 0 0 0 0 0 0 None n
4 UAE Abu Dhabi None N/A 0.98 0 0 0 5% 0 0 0 0 0 0 0 None y
4 UAE Dubai None N/A 0.98 0 0 0 5% 0 0 0 0 0 0 0 None y
6 British Virgin Islands Road town None N/A 0.98 0 0 0 0 14% 0 0 0 0 0 0 None y
7 Anguilla The Valley Territorial N/A 0.97 0 0 0 0 16% 0 0 0 0 0 0 None n
8 Qatar Doha Territorial 183 days or vital interests 0.97 0 0 10% 5%* 0* 0 0 0 0 0 0 None y
9 Kuwait Kuwait City None N/A 0.96 0 0 0%* 0* 22% 0 0 0 0 0 0 None y
10 Bahamas Nassau None N/A 0.96 0 0 0* 7.50% 9.80% 0 0 0 0 0 0 None y
11 Bahrain Manama None N/A 0.96 0 0 0 5% 17% 0 0 0 0 0 0 None y
12 Bermuda Hamilton None N/A 0.94 0 0 0 0 19% 20%* 0 0 0 0 0 None y
13 Oman Muscat None N/A 0.93 0 0 15% 5%* 18.50% 0 0 0 0 0 0 None y
14 Vanuatu Port Vila None N/A 0.9 0 0 5% of gross income* 12.50% 8% 0 0 0 0 0 0 None n
15 Monaco Monaco None 183 days 0.88 0 0 0 or 33%* 20% 30% 0 0 0 0 0 0 None n
16 Antigua and Barbuda Saint John's Worldwide 183 days 0.87 0% 0% 25% 15% 22%* 0 0%* 0% 0% 0 0 None n
17 Saint Kitts and Nevis Basseterre None N/A 0.86 0 0 33% 17% 18.50% 0 0 0 0 0 0 None n
18 Saudi Arabia Jeddah Worldwide Residential ties and 30 days 0.85 0%* 0%* 20%* 5% 22%* 0 20% 20% 0 0 0 None y
19 Saudi Arabia Riyadh Worldwide Residential ties and 30 days 0.85 0%* 0%* 20%* 5% 22%* 0 20% 20% 0 0 0 None y
20 Gibraltar Gibraltar Territorial* 183 days 0.84 14% 20% 10% 0 30% 0 0 0 0 0 0 Lump Sum* n
21 Morocco Dakhla Worldwide 183 days or residential ties 0.83 0* 0* 0* 20% 27.83% 4%* 0* 0* 0* 0 0 None y
22 Hong Kong Hong Kong Territorial 180 days* 0.82 15% 15% 16.50% 0 0 0 0.10% 0 0 0 0 None y
23 Macau Macau Territorial N/A 0.81 6.2%* 6.2%* 12% 0 9.38$ 0 3%* 12% 12% 0 0 None y
24 Liechtenstein Vaduz Worldwide 6 months 0.8 4.50% 16.95% 12.50% 8% 12.67%* 0 0 0 0 1%* 0 Lump Sum y
25 Andorra Andorra la Vella Worldwide 183 days 0.78 10% 10% 5% 4.5% 0% 0% 10% 10% 0% 0% 0% None n
26 Jersey Saint Helier Worldwide 6 months or residential ties 0.76 20% 20%* 0* 5% 12.50% 0 0 0 0 0 0 None y
27 Libya Tripoli Territorial N/A 0.76 13% 13% 24% 0% 15.00% 0 10% 10% 0 0 0 None n
28 Kazakhstan Astana Worldwide 183 days or vital interests 0.76 10% 10% 30% 12% 21% 0 10% 5% 5% 0 0 AIFC* y
29 Paraguay Asuncion Territorial 120 days 0.75 8% 10% 10% 10% 25.50% 0 Income 5% 0 0 0 None n
30 Guatemala Guatemala City Territorial 183 days 0.74 7% 7% 25% 12% 17.50% 0 10% 5% 0% 0 0 None n
31 Singapore Singapore Territorial 183 days 0.74 8% 20.35% 17% 7% 37% 0 0 0 0 0 0 None y
32 Cambodia Phnom Penh Worldwide 183 days or residential ties 0.73 20% 20% 20% 10% 3.40% 0 0 0 0 0 0 None y
33 Malaysia Kuala Lumpur Territorial 182 days 0.72 21.73% 27% 24% 6% 21% 0 0 0 0 0 0 None y
34 Thailand Bangkok Worldwide 180 days 0.72 20% 35% 20% 7% 10% 5%* 0 10% 0* 0 0 Foreign income* y
34 Thailand Phuket Worldwide 180 days 0.72 20% 35% 20% 7% 10% 5%* 0 10% 0* 0 0 Foreign income* y
36 Angola Luanda Territorial 183 days 0.72 17% 17% 30% 10% 11% 15% 0 0 0 0 0 None n
37 Bolivia La Paz Territorial Tax on local income only 0.72 13% 13% 25% 14.94% 29.42% 0 0 0 0 0 0 None n
38 Seychelles Victoria Territorial 183 days 0.71 15% 15% 33%* 15% 4% 0 0 15% 0 0 0 None y
39 Isle of Man Douglas Worldwide 6 months or residential ties 0.71 10.30% 20% 0%* 20% 23.8% 0 0 0 0 0 0 None y
40 Georgia Tbilisi Territorial 183 days 0.71 20% 20% 15% 18% 0 0 20% 5%* 0 0 0 None y
41 Lebanon Beirut Territorial 183 days or residential ties 0.7 20% 20% 15% 10% 25.50% 12% 0% 10% 0 0 0 None n
42 Honduras Tegucigalpa Territorial 90 days 0.7 25% 25% 25%* 15% 7.50% 0 10% 0% 0% 0 0 None y
43 Mauritius Port Louis Worldwide 183 days* 0.69 15% 15% 15% 15% 14% 15%* 0 0 0 0 0 None y
44 Panama Panama City Territorial 183 days 0.69 20% 25% 25% 7% 25% 0 10% 10% 0% 0 0 None n
45 Nicaragua Managua Territorial 180 days or economic interest 0.68 30% 30% 30% 15% 14.25% 0* 10% 10% 0 0 0 Non-resident n
46 Honduras San Pedro Sula Territorial 90 days 0.68 25% 25% 25%* 15% 15.50% 0 10% 0% 0% 0 0 None n
47 Bulgaria Sofia Worldwide 183 days or residential ties 0.68 10% 10% 10% 20% 32.40% 0.40% 0 10% 0% 0 0 None y
48 Laos Vientiane Worldwide N/A 0.68 24% 24% 24% 10% 11.50% 0 0% 0% 10% 0 0 None y
49 Jordan Amman Worldwide 183 days 0.68 20% 20% 20% 16% 21.75% 0 0 0 0 0 0 None n
50 Kazakhstan Almaty Worldwide 183 days or vital interests 0.68 10% 10% 30% 12% 21% 0 10% 5% 5% 0 0 None y
51 Iraq Baghdad Worldwide 6 months or 4 months continious 0.67 15% 15% 15% 0* 30% 0 15% 15% 15% 0 0 None n
52 Nigeria Lagos Worldwide 183 days 0.67 24% 24% 30% 5% 23% 0 0% 0 10% 0 0 None y
53 Syria Damascus Territorial Residential ties 0.66 20% 22% 31%* 0* 24.10% 25%* Income 0 0 0 0 None y
54 Belarus Minsk Worldwide 183 days 0.66 12% 12% 26.30% 20% 35% 0 0 0 0 0 0 None y
55 Grenada Saint George's Worldwide 183 days 0.65 26% 30% 30% 15% 9% 0 0.75%* 0.75%* 0.75%* 0 0 None n
56 Saint Lucia Castries Worldwide 183 days or residential ties 0.65 29.62% 30% 30.00% 15% 10% 0 0 0 0* 0 0 None n
57 Russia Moscow Worldwide 183 days 0.65 13% 13% 20% 18% 30% 0 0 9% 9% 0 0 None y
57 Russia Saint Petersburg Worldwide 183 days 0.65 13% 13% 20% 18% 30% 0 0 9% 9% 0 0 None y
59 Syria Aleppo Territorial Residential ties 0.65 20% 22% 37%* 0* 24.10% 25%* Income 0 0 0 0 None y
60 El Salvador San Salvador Worldwide 200 days or main source of income 0.64 27% 30% 30% 13% 23.50% 0 0 0 0 0 0 None n
61 Montenegro Budva Worldwide 183 days or vital interests 0.64 11.5% 12.6% 9% 21% 24.30% 0 Income Income Income 0 0 None y
62 Tanzania Dar es Salaam Worldwide 183 days or residential ties* 0.63 30% 30% 30% 18% 21% 0 0 5% 10% 0 0 Short term resident* n
63 Cyprus Limassol Worldwide 60 days or 183 days* 0.63 30% 35% 12.50% 19% 19.30% 0 0 17% 17% 0 0 Non-domicile* y
63 Cyprus Nicosia Worldwide 60 days or 183 days* 0.63 30% 35% 12.50% 19% 19.30% 0 0 17% 17% 0 0 Non-domicile* y
65 Costa Rica San Jose Territorial 6 months* 0.63 23% 25% 30% 13% 35.67% 0 0 25% 0 0 0 None n
66 Malta Valletta Worldwide Residence ties* 0.62 23.32% 15%* 35% 18% 20% 2%* Income Income Income 0 0 Flat Rate (15%)* y
67 Mongolia Ulaanbaatar Worldwide 183 days 0.62 25% 25% 25% 10% 22% 0 10% 10% 10% 0 0 None y
68 Peru Lima Worldwide 183 days 0.62 24% 30% 30% 18% 9% 0 5% 8% 8% 0 0 None n
69 Egypt Cairo Worldwide 183 days or residential ties 0.62 22% 22.50% 22.50% 14% 35% 0 0 10%* 10% 0 0 None y
70 Sri Lanka Colombo Worldwide 183 days 0.62 22% 24% 28% 15% 23% 0 0 Income 0 0 0 None y
71 Romania Bucharest Worldwide 183 days or vital interests 0.61 16% 16% 16% 19% 39.25% 0 16% 5% 5% 0 0 None y
72 Ukraine Kiev Worldwide Vital interests or 183 days 0.61 19.5%* 19.5%* 18% 20% 22% 0* 6.5%* 6.5%* 19.5%* 0 0 None y
73 Cape Verde Praia Worldwide 183 days or residential ties 0.61 27.50% 27.50% 25.5% 15% 23% 0 1% 10% 10% 0 0 None n
74 Comoros Moroni Worldwide 183 days 0.61 30% 30% 35% 0 0 15% 15% 15% 15% 0 0 None n
75 Moldova Chisinau Worldwide 183 days or residential ties 0.61 17% 18% 12% 20% 38% 0 Income 6% 6% 0 0 None y
76 Indonesia Jakarta Worldwide 183 days 0.61 27% 30% 25% 10% 13.24% 0 0.1% of transaction 10% Income 0 0 None y
77 Czech Republic Prague Worldwide 183 days or residential ties 0.61 15% 15% 19% 21% 35% 0 0 15% 15% 0 0 None y
78 Kenya Nairobi Worldwide 183 days* 0.61 30% 30% 30% 16% 20$ 0 0 5% Income 0 0 None n
79 Fiji Suva Worldwide 183 days 0.6 20% 29% 20% 9% 18% 0 10% 15% Income 0 0 None n
80 Uzbekistan Tashkent Worldwide 183 days 0.6 23% 23% 7.50% 20% 32.50% 0 Income 10%* 0 0 0 None y
81 Pakistan Karachi Worldwide 183 days 0.6 30% 30% 30% 17% 12% 0 0 12.50% 12.50% 0 0 None y
81 Pakistan Lahore Worldwide 183 days 0.6 30% 30% 30% 17% 12% 0 0 12.50% 12.50% 0 0 None y
83 Serbia Belgrade Worldwide Vital interests or 183 days 0.6 10% 15% 15% 20% 37.8 0 15% 15% 15% 0 0 None y
84 India Chennai Worldwide 182 days* 0.59 30% 36% 33.6% 12.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
85 India Delhi Worldwide 182 days* 0.59 30% 36% 33.6% 12.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
86 India Hyderabad Worldwide 182 days* 0.59 30% 36% 33.6% 12.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
87 India Mumbai Worldwide 182 days* 0.59 30% 36% 33.6% 13% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
88 Taiwan Kaohsiung Territorial* 183 days or vital interests* 0.59 22% 44% 17% 5% 20.05% 10%* Income* 0 20%* 0 0 None y*
88 Taiwan Taichung Territorial* 183 days or vital interests* 0.59 22% 44% 17% 5% 20.05% 10%* Income* 0 20%* 0 0 None y*
88 Taiwan Taipei Territorial* 183 days or vital interests* 0.59 22% 44% 17% 5% 20.05% 10%* Income* 0 20%* 0 0 None y*
91 India Bangalore Worldwide 182 days* 0.59 30% 36% 33.6% 14.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
92 India Kolkata Worldwide 182 days* 0.59 30% 36% 33.6% 14.50% 24% 0 10% 10% 10% 0 0 Non-ordinarly resident* y
93 Dominican Republic Santo Domingo Worldwide 183 days 0.59 24% 25% 27% 18% 16.9 3%* 27% 0 0 1% 0 None n
94 Hungary Budapest Worldwide 183 days or vital interests* 0.57 15% 15% 9% 27% 38.50% 0 15% 15% 15% 0 0 None n
95 Estonia Tallinn Worldwide 183 days or residential ties 0.57 18% 20% 20% 20% 39% 0 20%* 20%* 0* 0 0 None y
96 Latvia Riga Worldwide 183 days or residential ties 0.57 23% 23% 20%* 21% 34.09% 0.5%* 15% 0%* 20% 0 0 None y
97 US Virgin Islands Charlotte Amalie Citizenshsip Nationals and lawfull permanent residents* 0.57 10.48% 30.41% 24.5%* 2% 15.3 0 23.8% 20% Income 0 Capital Gain* None y
98 Barbados Bridgetown Worldwide 183 days 0.57 26% 32.70% 25%* 17.50% 21.35% 0 0 Income Income 0 0 Non-domicle* y
99 Azerbaijan Baku Worldwide 183 days 0.57 25% 25% 20% 18% 25% 0 25% 25% 25% 0 0 Investor Certificate* y
100 New Zealand Auckland Worldwide 183 days or residential ties 0.56 26.66% 32.36% 28% 15% 2.01%* 0 0 Income Income 0 0 None y
101 China Foshan Worldwide Residential ties 0.56 43.50% 45.00% 25%* 17% 34.25% 0 0 10%* 20% 0 0 Non-domicile* y
101 China Guangzhou Worldwide Residential ties 0.56 43.50% 45.00% 25%* 17% 34.25% 0 0 10%* 20% 0 0 Non-domicile* y
101 China Shenzhen Worldwide Residential ties 0.56 43.50% 45.00% 25%* 17% 34.25% 0 0 10%* 20% 0 0 Non-domicile* y
104 Albania Durres Worldwide 183 days or residential ties 0.55 23% 23% 15% 20% 27.90% 0 15% 23% 23% 0 0 None y
105 Mexico Mexico City Worldwide Vital interests 0.55 30% 34.45% 30% 16% max $4310/y 0 10% 0* Income 0 0 None y
106 China Changsha Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Chengdu Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Chongqing Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Hangzhou Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Nanjing Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Ningbo Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Qingdao Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Shenyang Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Suzhou Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Tianjin Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Wuhan Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
106 China Wuxi Worldwide Residential ties 0.55 43.50% 45.00% 25%* 17% 40%* 0 0 10%* 20% 0 0 Non-domicile* y
118 Philippines Manila Worldwide 180 days 0.54 32% 32% 30% 12% 260$ 20% 3.5% of transaction* 0.5% of transaction* Income 0 0 None y
119 China Beijing Worldwide Residential ties 0.54 43.50% 45.00% 25%* 17% 44% 0 0 10%* 20% 0 0 Non-domicile* y
119 China Shanghai Worldwide Residential ties 0.54 43.50% 45.00% 25%* 17% 43.65% 0 0 10%* 20% 0 0 Non-domicile* y
121 Dominica Roseau Worldwide 183 days* 0.53 29.16% 35% 25% 15% 12.25% 0 0 Income* Income* 0 0 None n
122 Colombia Bogota Worldwide 183 days* 0.53 31% 33% 33%* 16% 24.50% Capital Gains 0 0 Income 1.50% 0 None n
122 Colombia Cali Worldwide 183 days* 0.53 31% 33% 33%* 16% 24.50% Capital Gains 0 0 Income 1.50% 0 None n
122 Colombia Medellin Worldwide 183 days* 0.53 31% 33% 33%* 16% 24.50% Capital Gains 0 0 Income 1.50% 0 None n
125 Slovakia Bratislava Worldwide 183 days or residential ties 0.53 25% 25% 21% 20% 48.60% 0 0% 7% 35% 0 0 None y
126 Luxembourg Luxembourg City Worldwide 6 months 0.53 17.11% 32.41% 26% 17% 28.75% 0 1/2 of Income* 1/2 of Income Income 0* 0 None y
127 Canada Vancouver Worldwide 183 days or residential ties 0.53 20.35% 46.17% 27.0% 12% 7.14%* 0* 1/2 of Income 10.40% Income 0 Capital Gains* None y
128 Tunisia Tunis Worldwide 183 days or residential ties 0.52 33% 35% 25% 18% 25.75% 2.50% 10% 5% Income 0 0 None y
129 Brazil Belo Horizonte Worldwide 183 days* 0.52 27.20% 27.50% 34%* 20% 33.50% 5% 15% 0 Income 0 0 None y
129 Brazil Brasilia Worldwide 183 days* 0.52 27.20% 27.50% 34%* 20% 33.50% 6% 15% 0 Income 0 0 None y
129 Brazil Rio de Janeiro Worldwide 183 days* 0.52 27.20% 27.50% 34%* 20% 33.50% 4% 15% 0 Income 0 0 None y
129 Brazil Sao Paulo Worldwide 183 days* 0.52 27.20% 27.50% 34%* 20% 33.50% 4% 15% 0 Income 0 0 None y
131 Switzerland Lausanne Worldwide Vital interests or 30 days* 0.52 18.89% 41.61% 28.35% 7.7% 14.08% 3.50% 0.00% Income Income 3.39% 0.00% Lump Sum y
132 Turkey Istanbul Worldwide 6 months 0.52 32% 35% 22% 18% 34.50% 15% 0 1/2 of Income 1/2 of Income 0 0 None y
133 Chile Santiago Worldwide 6 months* 0.52 35% 35% 25.50% 19% 23% 0 35% 35% 8%* 0 0 Non-domicile* y
134 Switzerland Zurich Worldwide Vital interests or 30 days* 0.52 12.87% 36.83% 26.82% 7.7% 14.08% 0 0.00% Income Income 3% 0% Abolished y
137 Switzerland Geneva Worldwide Vital interests or 30 days* 0.51 14.72% 40.33% 32.16% 7.7% 14.08% 0 0.00% Income Income 4.50% 0.00% Lump Sum y
138 South Africa Cape Town Worldwide 91 days in each of the last 5 years* 0.51 34% 45% 28% 14% 4.55% 20%* 16.4%* 20% 20% 0 0 None y
138 South Africa Johannesburg Worldwide 91 days in each of the last 5 years* 0.51 34% 45% 28% 14% 4.55% 20%* 16.4%* 20% 20% 0 0 None y
140 Canada Toronto Worldwide 183 days or residential ties 0.51 21.90% 49.56% 26.50% 13% 7.14%* 0* 1/2 of Income 11.30% Income 0 Capital Gains* None y
141 Croatia Split Worldwide 183 days* 0.5 44%* 44%* 18% 25% 37.20% 0 0 12% 12% 0 0 None y
142 Uruguay Montevideo Worldwide Vital interests or 183 days 0.5 35.60% 37.60% 25% 22% 30.75% 0 12% 7% 12% 1.50% 0 None n
143 Iran Tehran Territorial N/A 0.5 33% 35% 25% 9% 30% 35% 0.5% of transaction 28% Income 0 0 None y
144 South Korea Busan Worldwide 183 days or residential ties 0.5 18%* 38.52%* 24.20% 10% 17.67% 50%* 0* Income Income* 0 0 Non-permanent* y
144 South Korea Seoul Worldwide 183 days or residential ties 0.5 18%* 38.52%* 24.20% 10% 17.67% 50%* 0* Income Income* 0 0 Non-permanent* y
146 Venezuela Caracas Worldwide 184 days 0.5 30% 34% 34%* 12% 23% 0 1% of transaction 34% 34% 0 0 None y
147 Venezuela Maracaibo Worldwide 184 days 0.5 30% 34% 34%* 12% 23% 0 1% of transaction 34% 34% 0 0 None y
148 Morocco Casablanca Worldwide 183 days or residential ties 0.49 38% 38% 31% 20% 27.83% 4%* 15% 15% 15% 0 0 None y
149 Ecuador Quito Worldwide 183 days 0.49 17.40% 35% 22% 12% 20.55 35% 0 Income Income 0 0 None y
150 Poland Warsaw Worldwide Vital interests or 183 days 0.49 28% 32% 19% 23% 45.12% 0 19% 19% 19% 0 0 None y
151 USA Miami Citizenshsip Nationals and lawfull permanent residents* 0.49 9.95% 30.12% 26.50% 7% 15.3 39% 23.80% 20.00% Income 0 Capital Gain* None y
152 Algeria Algiers Worldwide 183 days* 0.48 35% 35% 26% 19% 35% 5% 15% 10% 15% 1.75% 0.00% None y
153 Ethiopia Addis Ababa Worldwide 183 days 0.48 35% 35% 30% 15% 18% 0 15% Income Income 0 0 None y
154 Canada Montreal Worldwide 183 days or residential ties 0.48 27% 50.25% 26.70% 14.98% 11%* 0* 1/2 of Income 14.00% Income 0 Capital Gains* None y
155 Vietnam Hanoi Worldwide 183 days 0.47 35% 35% 20% 5% 31.50% 0 Income Income Income 0 0 None y
155 Vietnam Ho Chi Minh City Worldwide 183 days 0.47 35% 35% 20% 5% 31.50% 0 Income Income Income 0 0 None y
157 Iceland Reykjavik Worldwide 183 days 0.47 34.00% 46.24% 20% 24% 19.50% 10% 20% 20% 20% 0 0 None y
158 Portugal Lisbon Worldwide 183 days or residential ties 0.47 33%* 44.8%* 21% 23% 34.75% 0 28% 1/2 of Income 28% 0 0 Non-domicile* y
159 Argentina Buenos Aires Worldwide 183 days* 0.47 35% 35% 30%* 21% 43% 5% 0% 10% 35% 0.50% 0.00% None y
160 Slovenia Ljubljana Worldwide Vital interests or 183 days 0.45 23% 50% 19% 22% 38.20% 0 25% 25% 25% 0 0 None y
161 Bangladesh Chittagong Worldwide 183 days 0.45 43%* 43%* 35% 15% 0 0 15%* Income Income 0 0 None y
161 Bangladesh Dhaka Worldwide 183 days 0.45 43%* 43%* 35% 15% 0 0 15%* Income Income 0 0 None y
163 Italy Milan Worldwide 183 days or residential ties 0.44 38.6 44.85% 27.9%* 22% 40% 4%* 26% 26% 26% 0.2%* 0 Non-domicile* y
164 Italy Venice Worldwide 183 days or residential ties 0.44 38.6 44.85% 27.9%* 22% 40% 4%* 26% 26% 26% 0.2%* 0 Non-domicile* y
165 Australia Brisbane Worldwide 183 days 0.44 30% 48.70% 30% 10% 4.75% 0* Income 50% of Income Income 0 0 None y
165 Australia Melbourne Worldwide 183 days 0.44 30% 48.70% 30% 10% 4.85% 0* Income 50% of Income Income 0 0 None y
165 Australia Sydney Worldwide 183 days 0.44 30% 48.70% 30% 10% 5.45% 0* Income 50% of Income Income 0 0 None y
168 USA Boston Citizenshsip Nationals and lawfull permanent residents* 0.44 15.06% 35.36% 29% 6.25% 15.3 39% 29.04% 25.24% Income 0 Capital Gain* None y
169 Italy Rome Worldwide 183 days or residential ties 0.44 40.16% 46.52% 28.82% 22% 40% 4%* 26% 26% 26% 0.2%* 0 Non-domicile* y
170 Finland Helsinki Worldwide 6 months continious* 0.42 33% 46% 20% 24% 14.50% 19% 34% 28.80% 25.73% 0 0* None y
171 Greece Athens Worldwide Vital interests 0.41 45% 54% 29% 24% 41.06% 10% 15% 15% 15% 0 0 None y
172 Greece Corfu Worldwide Vital interests 0.41 45% 54% 29% 24% 41.06% 10% 15% 15% 15% 0 0 None y
173 USA San Francisco Citizenshsip Nationals and lawfull permanent residents* 0.41 10.24% 39.72% 29.84% 8.50% 15.3 39% 33.40% 29.60% Income 0 Capital Gain* None y
174 UK London Worldwide 183 days* 0.4 32.28% 45.93% 19% 20% 25.8%* 40% 20% 38.1%* 38.1%* 0 0 Non-domicile y
175 USA Los Angeles Citizenshsip Nationals and lawfull permanent residents* 0.4 15.24% 39.72% 29.84% 8.75% 15.3 39% 33.40% 29.60% Income 0 Capital Gain* None y
176 Denmark Copenhagen Worldwide 6 months consecutive or residential ties 0.39 30.81% 45.20% 22% 25% 24.1%* 15% Income 10% Income 0 Capital Gains None y
177 USA New York Citizenshsip Nationals and lawfull permanent residents* 0.38 14.85% 40.49% 36.95% 8.88% 15.3 39% 34.17% 30.37% Income 0 Capital Gain* None y
178 Japan Tokyo Worldwide Residencial ties* 0.38 16.74% 51.00% 37.63%* 8% 28.44% 35%* 20% Income Income 0 15.315% of gains* Non-permanent* y
179 Germany Berlin Worldwide 6 months or residential ties 0.36 29.24% 42.92% 29.31%* 19% 38.65% 30%* 25% 25% Income 0 Capital Gains* None y
180 Germany Frankfurt Worldwide 6 months or residential ties 0.36 29.24% 42.92% 31.06%* 19% 38.65% 30%* 25% 25% Income 0 Capital Gains* None y
181 Norway Oslo Worldwide 183 days* 0.36 32.11% 45.23% 23% 25% 55% 0 29.70% 29.70% 29.70% 0.85% Capital Gains* None y
182 Germany Munich Worldwide 6 months or residential ties 0.36 29.24% 42.92% 32.1%* 19% 38.65% 30%* 25% 25% Income 0 Capital Gains* None y
183 Spain Barcelona Worldwide 183 days or vital interests 0.34 39.06% 50.12% 25% 21% 37.25% 34% 23% 23% 23% 2.75%* Capital Gains* Inpatriate* y
183 Spain Madrid Worldwide 183 days or vital interests 0.35 39.06% 50.12% 25% 21% 37.25% 34% 23% 23% 23% 2.5%* Capital Gains* Inpatriate* y
185 France Nice Worldwide Residential & economic ties 0.34 15.11% 39.98% 33.33% 20% 65% 45%* 1/2 Income 23% 23% 1%* Capital Gains* None y
185 France Paris Worldwide Residential & economic ties 0.34 15.11% 39.98% 33.33% 20% 65% 45%* 1/2 Income 23% 23% 1%* Capital Gains* None y
187 Ireland Dublin Worldwide 183 days* 0.33 35.68% 50.37% 25%* 23% 20.25% 33%* 33% Income Income 0* 0* Non-domicile y
188 Netherlands Amsterdam Worldwide Vital interests 0.33 43.63%* 51.16%* 25% 21% 49.23% 20%* 30%* 30%* 30%* 0 0 None y
189 Sweden Stockholm Worldwide 6 months* 0.33 38.75% 53% 22% 25% 38.42% 30% 30% 30% 30% 0 0 None y
190 Austria Vienna Worldwide 183 days 0.32 48% 55% 25% 20% 47.5%* 0 27.50% 27.50% Income 0 0 None y
191 Belgium Brussels Worldwide Registered in national registery 0.28 56% 56% 29.58% 21% 53.50% 30% 33% 27% 27% 0 0 None y

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/

The STC Taxation Index is provided by Stephane Tajick Consulting.

Methodology

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.