Territorial tax countries

Flat 20% on employment and business income. Individual entrepreneurs with Small Business Status pay 1% of gross turnover up to GEL 500,000 (3% on the excess month onward; status is lost if the cap is exceeded two years in a row). Check rs.ge for 2026 changes to the special-regime rules.

Progressive resident rates from 0% to 24% (24% on chargeable income above S$1,000,000 from YA2024). Non-residents pay 15% on employment income or the resident rate, whichever is higher, and 24% on most other income. Foreign-sourced income received by individuals is generally exempt.

Salaries tax is progressive from 2% to 17% on net chargeable income but capped at a standard rate of 15% on the first HK$5m of net income and 16% above that. Only Hong Kong-sourced employment income is taxed. Property tax and profits tax apply to rental and business income.

Progressive 0%/15%/25% on Panama-source income (0% up to $11,000, 15% up to $50,000, 25% above). Foreign-source income of individuals is not taxed. Employees also pay social security and an education levy on salaries.

Residents pay 0% on monthly income up to about SCR 8,555 and 15% above that (confirm the current bands with the Seychelles Revenue Commission). Non-residents are generally taxed on Seychelles-source income only. Gainful Occupation Permit holders are residents for tax purposes after the qualifying stay.

IRP at 8% or 10% on Paraguayan-source personal income from services and 10% above a threshold; foreign-source income is not taxed. Individuals are taxed only on Paraguay-source income.

Residents pay up to 25% on Belize-source income above about BZD 78,000; the first BZD 26,000 is exempt. Foreign-source income is not taxed (territorial system).

Most sources state personal income tax was abolished in 2016; some guides cite progressive rates for self-employed income (up to 25%), so confirm with the Inland Revenue Department. There is no capital gains tax (property transfer tax of 7.5% applies), wealth tax or inheritance tax.

No personal income tax, capital gains tax, wealth tax or inheritance tax. Government revenue comes from VAT, property transfer tax, stamp duty and payroll-related levies.

Residents (182+ days) pay progressive rates from 0% to 30% (30% above RM2m). Non-residents pay a flat 30%. Foreign-sourced income received in Malaysia by resident individuals is exempt until 31 December 2036 (not for partnerships, and with conditions for companies). Confirm current LHDN guidance before relying on this.

Salaried income is taxed progressively up to 25% (brackets reset annually). Self-employed rates reach 25%. Foreign-source active income is not taxed; passive foreign income (interest, dividends, royalties) is taxed at 5%–15% since 2019.

IRPF on Uruguayan-source labour income is progressive up to 36%. Capital income (interest, dividends, rent) is taxed at 7%–12%. From 2026, foreign-source capital income of residents is taxed at 12% (previously partly exempt). New residents can use a tax holiday (see regimes).

Individuals are assessed under the lower of two systems for 2025/26: the allowance system (14%, 17% then 39% above GBP 16,000 of taxable income after allowances) or the gross income system (6% to 28%, with a 25% rate on the remainder above assessable income). Only Gibraltar-source income is taxed.

Progressive rates from 5% to 40% (40% above TWD 5.31m). Residents (183+ days a year) are taxed on Taiwan-source income, plus foreign income through the Alternative Minimum Tax rules for amounts above TWD 1m. Non-residents are generally subject to withholding or flat rates of about 18-20% on Taiwan-source income (varies by income type). Foreigners with Gold Card status get a 50% deduction of salary above TWD 3m for 5 years.

Progressive rates from 0% to 35% (35% above PHP 8m). Self-employed individuals and professionals with gross receipts of PHP 3m or less can opt for 8% on gross receipts above PHP 250,000 instead. Residents are taxed on Philippine-source income only if they are non-citizens (resident aliens) and on worldwide income if they are citizens.