Top 20 Countries With The Highest Personal Income Tax 2023
Although almost every single country in the world has a personal income tax, these countries have the highest tax rates on the same.
Which country has the highest personal income tax in the world today?.
Here is the list of the top 20 countries from different continents globally that currently charge the most tax on personal income.
Which means the government of these countries collect a lot of money on taxes that are paid in connection with personal income tax.
We can all agree that a personal income tax of all the taxes which are there in a particular country should be among the lowest.
But that is nothing close to the case when it comes to these countries.
According to Trading Economics, find out today if your country is among the few countries in the world that tax personal income the highest percentage.
With that being said, ranked by their personal income tax rates percentage, below are the top highest taxed countries in the world today by income tax rate.
They also include countries with the Highest Corporate Taxes today.
This year, Ivory Coast has a Personal Income Tax Rate of around 60% making the country the highest taxed country on personal income taxes in the world.
Countries With The Highest Personal Income Tax Rates:
- Ivory Coast – 60%
- Finland 🇫🇮 – 56.95%
- Japan 🇯🇵 – 55.97%
- Denmark 🇩🇰 – 55.90%
- Austria 🇦🇹 – 55.00%
- Sweden 🇸🇪 – 52.90%
- Aruba 🇦🇼 – 52.00%
- Belgium 🇧🇪 – 50.00% (tie)
- Israel 🇮🇱 – 50.00% (tie)
- Slovenia 🇸🇮 – 50.00% (tie)
- Puerto Rico – 37.5%
- Suriname 🇸🇷 – 36.0%
- Chad 🇹🇩 – 35.0% (tie)
- Equatorial Guinea – 35.0% (tie)
- Guinea – 35.0% (tie)
- Iraq 🇮🇶 – 35.0% (tie)
- Malta 🇲🇹 – 35.0% (tie)
- Sudan 🇸🇩 – 35.0% (tie)
- Zambia 🇿🇲 – 35.0% (tie)
- Brazil 🇧🇷 – 34.0% (tie)