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Top marginal tax rate kicks in at AFS100,000 of monthly taxable income.
The top marginal rate kicks in at monthly employment income of ALL 130,001 of employment income (total tax is equal to ALL 13,000 plus remaining monthly employment income over 130,000 at 23%). Other personal income such as income from dividends, interest, rent income, capital gains from sale of shares or real estate and other types of personal income are taxed at 10% flat rate.
please note that, in Algeria, the Personal income tax is calculated using the progressive schedule from 0% to 35% applicable to taxable income.
Top marginal tax rate kicks in at AKZ230,000 of taxable income.
Anguilla does not have income tax
Top marginal rate kicks in above EC$12,000 monthly (EC$144,000 annually). Effective April 1, 2012 the Inland Revenue Department has broaden the its tax net by taxing certain allowances which were not previously taxed. Effective January 1, 2014 the tax rate for the first EC$144,000 of income was reduced to 8%
Top marginal tax rate kicks in at ARS120,000 of taxable income.
Top marginal tax rate kicks in at AMD 2,000,000 of monthly taxable income.
Top marginal tax rate kicks in at AWG 313.459,00 of taxable income. The taxable income calculated is reduced by a maximum tax-free allowance of AWG 20,252 per year.
Top marginal tax rate kicks in at AUD180,001 of taxable income.
Top marginal rate kicks in at EUR 60,000 of taxable income.
Top marginal rate kicks in at BBD35,000
Flat 13% rate scale
Top marginal rate kicks in at EUR 37,870 of taxable income.
please note that the entered income tax rates relate to the Federation of Bosnia and Herzegovina.
Top marginal rate kicks in at BWP144,001 of taxable income.
2014 Top marginal rate kicks in at R$ 55.976,16 of taxable income with allowed deductions (tax deduction, alimony, dependents, social security).
As of 1 January 2008 Bulgaria introduced a 10 percent flat tax applicable for all income levels.
Canadian income tax includes a federal and provincial component. Tax rate varies with the province of residence/employment. The top marginal federal rate of 29 percent kicks in at 138,587 CAD of taxable income. When provincial taxes are included, total top marginal tax rates vary from approximately 39 percent - 50 percent. The rates above are the federal rates only. The highest marginal rates including provincial tax and surtax (where applicable) are as follows:
British Columbia 43.7%
Ontario 46.41/49.53% (@$500k)
New Brunswick 46.84%
Nova Scotia 50.00%
Northwest Territory 43.05%
Top marginal rate kicks in at 70,871,400 CLP of annual taxable income as of February 2012. (This amount changes on a monthly basis, due to price level adjustments)
Top marginal rate (applicable for each month) kicks in at CNY80,000 of monthly taxable income (i.e. gross monthly income less mandatory social securities for employee and standard deduction of RMB3,500 for local staff or RMB4,800 for expatriates).
Top marginal rate kicks in at COP115,943,900 of taxable income. That is, approx USD 48.000.
210 usd for the previous tax schedule
210 usd for the previous tax schedule 1940 usd for the new tax schedule which is not apllicable yet
Top marginal rate kicks in at CRC1,128,000 of monthly taxable income.
On a monthly basis the top marginal rate kicks in when taxable income exceeds HRK 13,200.
The top marginal rate kicks in at ANG 130.410
Top marginal rate kicks in at EUR60,000 of taxable income.
Annual income above the cap for social insurance (i.e. above CZK 1,277,328 for 2015) is subject to solidarity tax of 7% (in addition to the standard 15% tax that is calculated from the gross taxable income increased by the employer's part of social security contributions to Czech obligatory social security scheme ("supergross salary") up to the maximum assesment base). Tax base for solidarity tax is gross income exceeding the cap for social insurance (CZK 1,242,432 for 2013; CZK 1,245,216 for 2014; CZK 1,277,328 for 2015); i.e. without increasing the gross income by employer’s part of social and health insurance contributions in contrast to 15% tax.
Taxation is based on categories of income and different tax rates apply to the different categories. The combined top marginal rate in the ordinary scheme, which applies to employment income and certain types of investment income, kicks in at DKK 459,200 after Labour market contributions (2015). Generally, share income (dividends and capital gains) is taxed in a separate tax scheme at 27-42 percent, depending on income level, whilst certain types of investment income are taxed in the ordinary tax scheme at rates up to 42 percent.
Top marginal rate kicks in at RD$399,923
Top marginal rate kicks in excess of EGP 250,000 of taxable income per annum.
The top marginal rate (30 percent) kicks in at USD22,857.15
Basic exemption is EUR1,728. As from 1 January 2015 the income tax rate will be decreased to 20 percent.
Top marginal rate kicks in at FJD50,000 of taxable income per annum.
Top marginal rate kicks in at EUR 90,000 of taxable income. Note however that municipal tax rates are significant in Finland (vary between approximately 16.5 percent and 22.5 percent). If the individual belongs to a Finnish church, church tax of approximately 1 percent to 2 percent may also be due. The top marginal individual income tax rate for 2015 is 52.35 percent in Helsinki. The top marginal individual income tax rate for 2015 is 56.35 percent (excl. church tax).
Top marginal rate kicks in at 70,830 EUR (for single taxpayer – double that if married with no dependents)of net taxable income for 2011 (latest voted rates - the rates are usually voted at the end of the year for the prior year).
Georgia applies flat income tax rate of 20%.
Top marginal rate kicks in at 250,731 EUR (for single taxpayer – double that if married) of taxable income. In addition to income tax, there is a solidarity surcharge of 5.5 percent of the income tax and where applicable, a church tax of 8 or 9 percent of the income tax may be levied.
Gibraltar has a dual tax system for individuals, based on either allowances or gross income.On the allowance based system the top rate of 40 percent commences at 16,000 GIP of taxable income. Allowances are given for married couples, child allowance, mortgage interest, home purchases allowance, life insurance policies, medical insurance policies and pension contributions.On the gross income system, the top rate of tax is 28 percent and commences at 40,000 GIP of taxable increases but decreases again after 105,000 GIP of taxable income.
Top marginal rate kicks in at 42,000 EUR of taxable income.
For incomes higher than HNL500,000 of annual taxable income the applicable tax rate is 25%
Hong Kong Salaries Tax is charged using graduated tax rates, on net income less charitable donations, allowable deductions and personal allowances, ranging from 2 percent to 17 percent. However, the actual tax charged cannot exceed the standard tax rate of 15 percent of net assessable income less charitable donations and allowable deductions. The top effective rate of taxation in Hong Kong is therefore 15 percent.
There is only one tax income rate in Hungary (16 %) for 2014.
There are progressive tax rates (national and municipal) which range from 37.30 percent - 46.24 percent. The 37.32 percent tax rate is levied on income from 0 - 3,709,680 ISK, a 39.74 percent tax rate on income between 3,709,680 to 10,036,848 ISK and a top rate of 46.24 percent on income above 10,036,848 ISK.
Top marginal tax rate triggers where the taxable income exceeds INR 10 million
Top marginal rate kicks in at IDR 500,000,000 of taxable income.
Top marginal rate of income tax (40%) kicks in at 33,801 EUR of taxable income, the top rate of USC (another income tax - 8%) kicks in at 70,044 EUR of gross income. There is a surcharge of 3% on individuals who have non-PAYE income that exceeds €100,000 in a year.
Top marginal rate kicks in at GBP20,000 for single persons and GBP20,000 for married couples. From 2014, resident individuals may apply for a tax cap election, which, if approved by the assessor, will apply for 5 consecutive tax years. For any elections commencing from the 2015-16 tax year, the amount of the tax cap will be GBP 125,000 or, for a jointly assessed married couple or civil partners, GBP 250,000.
Top marginal rate currently kicks in at 811,560 NIS per year in 2014.
Top marginal rate kicks in at 75.000 EUR. There may be an additional regional tax (from 0.7 percent up to 3.33 percent) and municipal tax (up to 0.9 percent) depending on the location in which the individual has his/her domicile.
For non–resident individuals, Jamaica applies a flat tax rate of 25 percent. For resident individuals, the 25 percent tax rate applies to income over the tax-free threshold of $441,168 per annum.
Top marginal rate (40.84 percent) kicks in at 18,000,000 JPY of taxable income. Local inhabitant (municipal and prefectural) tax of additional 10 percent is also payable. Starting from 2013, additional tax of 2.1% on national tax liablity will be due for 25 years.
Jersey applies a flat tax rate of 20 percent. This kicks in after relief for personal allowances dependant on circumstances.
The top marginal rate kicks in at JOD24,000 for single individuals and JOD36,000 for married individuals.
No scheduled increases/decreased to the highest individual income tax rate for future years (2015 or later)Kazakh tax residents's income is taxable at 10 percent flat rate, where Kazakh tax nonresidents's income is taxable at 20 percent flat rate.
Top marginal rate kicks in at KShs466,704
Top marginal rate kicks in at KRW 150,000,000 in taxable income. Individuals are also assessed a resident surtax at the rate of 10 percent of the income tax liability. Instead of the regular progressive tax rates, foreigners can elect flat tax rate (17percent) in calculating their taxes on Korea-sourced earned income. When flat tax rate is elected, no deductions or credits are allowed (as such, flat tax rate election is generally beneficial to high income individuals earning approximately KRW 130,000,000 or more annually).
Not applicable. According to Kuwait Tax Law, individuals are exempted from Kuwait taxation. There is currently no payroll tax irrespective of nationality. However, social security contributions are required for employees having Kuwaiti and GCC nationalities only.
Latvia has a 23 percent flat income tax (in 2015) on employment income.
LBP 120 million
The flat tax rate is applied in Lithuania.
Top marginal rate kicks in at 100,000 EUR of taxable income. The income tax due includes a surcharge of 7 percent for the benefit of the employment fund (9 percent for the taxable income exceeding 150,000 EUR in tax class 1 and 1a or 300,000 EUR in tax class 2).
Annual taxable income over MOP424,000.
As of 1 January 2008 Macedonia introduced a 10 percent flat tax applicable for all income levels.
MK15,000 per month or MK180,000 per annum
Chargeable income in excess of RM100,000. There is a proposal to lower the highest tax rate by 1% from 26% to 25% applying to chargeable income in excess of RM400,000 effective from Year of Assessment 2015.chargeable income in excess of RM100,000. There is a proposal to lower the highest tax rate by 1% from 26% to 25% applying to chargeable income in excess of RM400,000 effective from Year of Assessment 2015.
The 35 percent income tax rate kicks in at EUR 28,501 for individuals applying married rates and at EUR 19,501 for individuals applying single rates. A new tax bracket for parents was introduced in 2012 and in this case the 35 percent income tax rate kicks in at EUR21,201.
Top marginal rate kicks in at approximately 32,737 MXP monthly (392,842 MXP annual) taxable income.
N/A - flat rate of 10% on income
Uniform tax rate of 9% applies on income received by two employers exceeding in total EUR 720.
On and above Myanmar Kyat 20,000,001
As from 1 March 2013 the tax rates have decreased. However, the highest marginal tax rate at which an indivual can be taxed under the new rates remains at 37%. If the individual's taxale income exceeds N$1 500 000 per annum, the individual will pay a base rate of N$429 000 plus 37% of the amount exceeding N$1 500 000.
Top marginal rate kicks in at 56,532 EUR of taxable income.In the calculation below the following assumptions have been taken:Dutch tax resident,30% ruling not applicable,Subject to the Dutch social security scheme
USD 67.833,00 (ANG 123.456,00) (rate January 1, 2012)
Top marginal rate applies from NZD70,001 of taxable income.
C$100,000 annual cien mil cordóbas anuales. The tax rate will be reduced by 1% every year for the next 5 years from 2016.
Top marginal rate kicks in at over NGN3,200,000
The top marginal rate kicks in at 8,650,000 PKR of taxable income for salaried class workers.
The top marginal rate kicks in at approximately 50,000 PAB of taxable income.
The top marginal rate kicks in at PKG250,000.
The 10 percent rate kicks in once taxable earnings reach an amount tat surpasses 120 times the minimum wage.
The top marginal rate kicks in at approximately 45 tax units (one tax unit value for the year 2015 is PEN 3,850: approximately US$1,284)
The top marginal rate kicks in at approximately PHP500,000.
The top marginal rate kicks in at 85 528 PLN (about USD 24,000).
In 2014 the top marginal rate kicks in on taxable income exceeding EUR 80,000.
For 2011 $60,000For 2012 $61,300For 2013 $61,500
Romania applies flat income tax rate of 16 percent.
Income tax at a flat rate of 13 percent is levied from the first rouble of taxable income (after deductions) in the hands of Russian tax resident individuals. Russian tax non-residents pay tax at a flat rate of 30 percent. Other rates (9, 15, 35 percent) apply to specific types of income (e.g., dividends, deemed income resulting from loans received at a preferential interest rate, etc.)
WS$20,000 (annual income)
Not applicable for employees, since there are no taxes levied on salaries. However, Self employed expatriates are taxed at a rate of 20 percent.
The top individual income tax rate kicks in when total annual net income exceeds RSD 6.556.464
Top marginal rate kicks in at SGD320,000 of taxable income.
Top rate kicks in at ANG 134,141.
In 2015, the top individual income tax rate applies on tax base (tax base means income less deductions, i.e. this is not income level) exceeding 35,022.31 EUR.
The highest marginal tax rate is 50 percent starting at 70,907 EUR.
Top marginal rate kicks in at 552,001 ZAR for the tax year ended February 2011, 580,001 ZAR for the tax year ended February 2012, 617,000 ZAR for the tax year ended February 2013 and 638,601 for the tax year ending February 2014, 673,100 for the tax year ending 28 February 2015.
Top marginal rate kicks in at 300,000.20 EUR. The complementary surcharge to Personal Income Tax (PIT) rates applicable for 2012 and 2013 tax years has also been extended for 2014. As a consequence, the general PIT tax rates applicable for 2012, 2013 and 2014 have been increased. The general marginal rate has been established at 52 percent for 2012, 2013 and 2014 but it might vary depending on the autonomous community. There is currently under debate a Tax reform that, if approved, would reduce the maximum marginal tax rate to 47% for tax year 2015 and 45% as from tax year 2016.
Top marginal rate kicks in at LKR3,000,000 (for resident/non resident individuals)
It kicks in at a yearly salary of SEK 616,100.
While higher marginal rates can kick in at lower income levels, the top effective federal rate of 11.5 percent starts at approximately 755,200 CHF for single taxpayers. This does not include cantonal, communal or church taxes which can vary significantly. Combined highest marginal rates range from approximately 20 percent to over 45 percent.
Top marginal rate kicks in at SYP75,000
Top marginal rate kicks in at 1,000,001TWD for 2015.
Top marginal rate kicks in at approximately TShs 720,000 per month of taxable income.
Top marginal rate kicks in at TBH 4,000,000.
The top marginal rate kicks in taxable income over TT$60,000.
Top marginal rate kicks in at TND50,000
Top marginal rate kicks in at 97,000.00 TRY when we are talking about employment income. With all other incomes the marginal rate kicks in at 60,000.00 TRY.
At Uganda Shillings 120,000,000 annually
The top individual income tax rate 20 percent applies to income in excess of the monthly threshold of 10 minimum wages (UAH 12,180 as at 1 January 2015).
Individual income tax not assessed.
Top marginal rate kicks in at GBP150,000.
For 2014 the top marginal rate applies to taxable income in excess of USD 464,850 for married couples filing jointly and certain surviving spouses, USD 439,000 for qualified heads of households, USD 413,200 for other umarried individuals, and USD 232,425 for married indiviudals filing separately. Each state and local government in the United States has its own set of rules with respect to taxing income (and real and personal property and consumption).
Top marginal rate kicks in at 3.890.220 UYU.
Top marginal tax rate for resident individuals of 34% kicks in at 6,001 Fiscal Units (1 Tax Unit IS equivalent to 76 VEF for 2011 tax year) for tax residents (VEF456.976 - US$106,064).For non resident individuals the tax rate of 34% kicks in at any lebvel amount of Venezuela source income. We have estimated that the value of the TU for 2012 would be 97 VEF. At this time the tax administration has not published the official value.
Top marginal rate kicks in at 80,000,000 VND per month for both citizens and non-citizens.
Top marginal rate kicks in at YER 240,000 per year for tax residents.
Top marginal rate kicks in at ZMK70,200
For both 2014 and 2015 the top marginal rate of 50% kicks in at USD20,000 per month (USD240,000 per year). An aids levy of 3% of the basic tax is added to the tax, thereby making the effective rate 51.5%.
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