The highest-tax countries in the world

National income tax up to 45% plus 10% inhabitant tax plus a 2.1% reconstruction surtax on national income tax, for a top combined rate of about 55.9% on income above JPY 40m. Permanent residents are taxed on worldwide income; non-permanent residents (under 5 of the last 10 years) are taxed on Japan-source income and foreign income remitted to Japan.

Progressive rates up to 50%, with a 55% rate above EUR 1 million of income (temporarily extended). Social security contributions add roughly 18% for employees.

Top combined federal and provincial marginal rate about 48%–55% (Ontario 53.53%, Quebec 53.31%, Alberta 48%); federal top rate 33%. Residents are taxed on worldwide income.

Municipal income tax averages about 32% on all earned income, and a 20% state tax applies above roughly SEK 640,000, giving a top marginal rate of about 52%. Capital income is taxed at a flat 30%.

Top marginal rate of 52.07% (including labour-market contribution), applying to income above roughly DKK 750,000 including top tax; the maximum combined rate is capped at 52.07%.

2026 income tax bands: 0% up to AWG 34,930, 21% to AWG 63,904, 42% to AWG 135,527 and 52% above. Residents are taxed on worldwide income; non-residents only on Aruban-source income.

Federal rates run from 25% to 50% (top rate above about EUR 51,000), plus municipal surcharges of around 7% of the tax. Belgium has no flat income tax. A 0.15% annual securities-account tax applies to portfolios above EUR 1 million.

Progressive rates reach 47% plus a 3% surtax on taxable income above ILS 721,560 (2026), for a 50% maximum. An extra 2% surtax applies to capital income above the same threshold. Social security and health tax apply to wages.

Box 1 (work and home): 35.82% to about EUR 38,883 and 49.5% above about EUR 78,426 (2026). Directors-major-shareholders (DGA) must pay themselves a customary salary. Box 2 substantial interest: 24.5% to EUR 68,843, 31% above (2026).

State tax up to 37.5% on earned income above about EUR 52,100, plus municipal tax of 4.7–10.9%, gives a top marginal rate of about 48%. Capital income is taxed at 30%, or 34% above EUR 30,000 a year.

Progressive 12.5%–48%, plus a solidarity surcharge of 2.5% above EUR 80,000 and 5% above EUR 250,000. IFICI gives a 20% flat rate on Portuguese-source employment/self-employment income from qualifying activities.

State and regional rates combine to a top rate of roughly 43%–54% depending on the region; 47% is the state-level top combined with the default regional rates. Savings income taxed separately.

Ordinary income is taxed at 22%, plus progressive bracket tax and 7.7% national insurance on wages, giving a top marginal rate of about 47%. Dividends and gains on shares are taxed at an effective 37.84% (22% on 172% of the amount). Wealth tax of about 1.0% (state plus municipal) applies to net wealth above roughly NOK 1.9 million.

Progressive state tax up to 31.35% plus municipal tax of about 12.4–14.9%, giving a top marginal rate of 46.29% on monthly income above ISK 1.4 million. Capital income (interest, dividends, gains) is taxed at 22%.

42% top income tax rate plus a 9% employment-fund surcharge on higher incomes gives about 45.78% for the highest bracket; tax classes 1, 1a and 2 apply.

Resident rates: 0% to A$18,200, 16% to A$45,000, 30% to A$135,000, 37% to A$190,000 and 45% above, plus a 2% Medicare levy. Non-residents pay 30% from the first dollar of Australian-source income up to A$135,000, then 37% and 45%. Residents are taxed on worldwide income; temporary residents have foreign-income exemption.

Progressive 14%–42%, plus 45% above about EUR 278,000 ('rich tax'), and solidarity surcharge of 5.5% for high earners. Church tax 8%–9% may apply. Self-employed freelancers (Freiberufler) are exempt from trade tax.

Progressive rates up to 45% on taxable income above ZAR 1,878,601 (2026/27 tax year). Capital gains and dividends are taxed separately; a primary rebate and medical credits apply.

Progressive comprehensive-income rates 3% to 45% on annual income above CNY 960,000 for residents. Business income tops out at 35%. Social insurance contributions are mandatory for employees.

Progressive 0%–45% (45% above about EUR 180,000) plus a 3%/4% high-income contribution above EUR 250,000, and 17.2% social charges on capital income. The impatriate regime exempts 30% of salary for 8 years.

Progressive national rates from 6% to 45% (45% above KRW 1bn), plus a 10% local income surtax for a top combined rate of 49.5%. Residents are taxed on worldwide income; foreign nationals resident under 5 years in the last 10 are taxed on Korean-source income and on foreign income paid in or remitted to Korea.

20% basic, 40% higher (over GBP 50,270), 45% additional (over GBP 125,140). Thresholds frozen until April 2031. Dividends: 10.75% basic, 35.75% higher, 39.35% additional from 6 April 2026; GBP 500 dividend allowance.

Progressive 9%–44% (44% above EUR 40,000 under the 2026 reform, which lowered mid-range rates). Business income is also subject to a professional fee.

2026 IRPEF: 23% to EUR 28,000, 33% EUR 28,001–50,000, 43% above. Regional and municipal surtaxes of about 1%–3% apply. Forfettario flat regime: 15% (5% for first five years) for sole proprietors up to EUR 85,000.

Impuesto Global Complementario is progressive up to 40% on income above roughly CLP 150M. Residents are taxed on worldwide income, but new residents get a 3-year exemption on foreign income (extendable) from their date of settling.