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Top marginal tax rate kicks in at AFS100,000 of monthly taxable income.
Top marginal tax rate kicks in at AOA230,000 of taxable income.
Top marginal tax rate kicks in at ARS120,000 of taxable income.
Top marginal tax rate kicks in at AMD2,000,000 of monthly taxable income.
Top marginal tax rate kicks in at USD171.149,00 (AWG309.131,00) of taxable income.
Top marginal tax rate kicks in at AUD180,001 of taxable income.
Top marginal tax rate kicks in at EUR60.000 of taxable income.
Not applicable.
Top marginal tax rate kicks in at BDT1,200,001 of taxable income.
Top marginal rate kicks in at BBD35,000
Top marginal rate kicks in at EUR37,330 of taxable income.
Top marginal rate kicks in at BWP144,001 of taxable income.
Top marginal rate kicks in at BRL51.259,08 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 CAD135,055 of taxable income. When provincial taxes are included, total top marginal tax rates vary from approximately 39 percent - 50 percent.
Top marginal rate kicks in at CLP70,871,400 of annual taxable income as of February 2012. (This amount changes on a monthly basis, due to price level adjustments). There is a proposal to reduce this rate to 36 percent.
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 COP109,323,400 of taxable income. That is, approx USD60,000.The Congress of the Republic approved a tax reform which created the IMAN (acronym in Spanish) which is an additional depuration system to the ordinary system. In principle, the taxable rate would be higher than the ordinary system. There are multiple rates, since the tax due is given in specific amounts depending on the level of income.
Top marginal rate kicks in at CRC1,071,000 of monthly taxable income.
On a monthly basis top marginal rate kicks in when taxable income exceeds HKR8,800 (income level was reduced on 1 March 2012).
Top marginal rate kicks in at EUR60,000 of taxable income.
Since 1 January 2013 annual income above the cap for social insurance (i.e. above CZK1,242,432 for 2013) is subject to solidarity tax of 7 percent in addition to the standard 15 percent 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 CZK1,242,432 i.e. without increasing the gross income by employer's part of social and health insurance contributions in contrast to 15 percent 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 DKK457,608 (2013). Generally, share income (dividends and capital gains) is taxed in a separate tax scheme at 27-42 percent, depending on income level, while certain types of investment income are taxed in the ordinary tax scheme at rates up to 43.5 percent.
Top marginal rate kicks in at RD$399,923
Top marginal rate kicks in at EGP10M of taxable income per annum.
Basic exemption is EUR1,728. As from 1 January 2015 the income tax rate will be decreased to 20 percent.
The top marginal rate (30 percent) kicks in at USD22,857.15
Top marginal rate kicks in at FJD15,600 of taxable income per annum.
Top marginal rate kicks in at EUR 100,000 of taxable income. Note however that municipal tax rates are significant in Finland (vary between approximately 16.25 percent and 22 percent). If the individual belongs to a Finnish church, church tax of approximately 1 percent to 2.20 percent may also be due.
Top marginal rate (45 percent) kicks in at EUR70,830 (for single taxpayer – double that if married with no dependents) of net income for 2012 (latest voted rates – the rates are usually voted at the end of the year for the prior year). There is an additional 4 percent tax on high income earners which begins at EUR500,000 for a single taxpayer – double that for a married couple.
Georgia applies flat income tax rate of 20 percent. Individuals whose employment income in a calendar year does not exceed GEL6,000 (approximately USD3,614) are entitled to make deductions of GEL1,800 (approximately USD1,084) from employment income and claim a tax refund by means of filing a tax return to the Georgian tax authorities.
Top marginal rate kicks in at EUR250,731 (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.
There are two tax systems for individuals in Gibraltar, the Allowance Based System or the Gross Income Based System and an individual will pay under whichever results in the lower tax.On the Allowance Based System the top rate of 40 percent commences at GBP 16,000 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. Under the Gross Income Based System, for individuals with taxable income of more than GBP 25,000 the top rate of 28 percent commences from GBP 40,000 but decreases again after GBP 105,000 of taxable income.
Top marginal rate kicks in at EUR42,001 of taxable income.
Top marginal rate kicks in when the taxable income is higher than GTQ295,000 per year. In January 2013 the rate will decrease (between 5 percent to 7 percent).
Guernsey applies a flat tax rate of 20 percent.
Top marginal tax rate kicks in at HNL500,000 of monthly taxable income.
Hong Kong Salaries Tax is charged using graduated tax rates on net income less charitable donations, allowable deductions and personal allowances, ranging from 2 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.
The top marginal rate kicks in at HUF2,424,000 annual income. Due to the tax base increasing, incomes above HUF2,424,000 are subject to an effective income tax rate of 20.32 percent.The tax base increase should not be added for annual gross income up to HUF2,424,000. Above this limit, the 27 percent tax base increasing element would be applicable. Hungary indends to cancel the "super-gross" base of the income tax as of 2013. In such case, the top marginal rate would be 16 percent, therefore the effective income tax rate would be also 16 percent.
There are progressive tax rates (national and municipal) which range from 37.32 percent - 46.22 percent. The 37.32 percent tax rate is levied on income from 0 - ISK2,897,700 , a 40.22 percent tax rate on income between ISK2,897,700 to ISK8,874,108 and a top rate of 46.22 percent on income above ISK8,874,108.
The maximum marginal income tax rate on employment income is 30.90 percent (this includes an education cess of 3 percent levied on tax). The Top marginal rate kicks in at INR8,00,000 of taxable income. In Finance Budget 2012, it is proposed that the maximum marginal rate of tax kicks in when income exceeds INR10,00,000 (yet to be approval by Parliament).
Top marginal rate kicks in at IDR500,000,000 of taxable income.
Top marginal rate kicks in at EUR32,801 of taxable income.
Top marginal rate kicks in at GBP19,800 for single persons and GBP39,600 for married couples.
Top marginal rate currently kicks in at NIS811,5600,960 per year in 2013.
Top marginal rate kicks in at EUR75.000. There may be an additional regional tax (from 0.9 percent up to 1.7 percent) and municipal tax (up to 0.9 percent) depending on the location in which the individual has his/her domicile. The law March 14, 2011, no 23 - entitled "Measures of Municipal Fiscal Federalism" has introduced the "Fiscal Federalism", in order to grant fiscal and financial self-government to the municipalities and other local authorities according to the National Public Finance system. New rates are slightly increased. In addition, starting from 2011 up to 2013 a new solidariety surcharge equal to 3 percent applies to income over EUR300.000. The amount paid as surcharge is tax deductible.
For non–resident individuals, Jamaica applies a flat tax rate of 25 percent. For resident individuals, up to March 31, 2011, Jamaica applies a rate of 35 percent to income from JMD10,000,000 and above. Thereafter, the highest rate of tax is 25 percent.
Top marginal rate (40 percent) kicks in at JPY18,000,000 of taxable income. Local inhabitant (municipal and prefectural) tax of additional 10 percent is also payable.
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.
Flat tax of 10 percent was introduced in 2007. Non-residents's income is taxable at 20 percent flat rate.Kazakhstan plan to implement progressive personal income tax rates in 2014.
Top marginal rate kicks in at KShs466,704
Top marginal rate kicks in at KRW300,000,000. Individuals are also assessed a 10 percent resident surtax of the income tax liability. Instead of the regular progressive tax rates, foreigners can elect a flat tax rate (18.7 percent which includes the 10 percent local tax) 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 KRW125,000,000 or more annually).
Not applicable. According to Kuwait Tax Law, individuals are exempted from Kuwait taxation. However, social security contributions are required for employees having Kuwaiti nationality.
Latvia has a 24 percent flat tax on employment income.
A flat tax rate is applied in Lithuania. The government is considering to introduce the progressive personal income tax, however, currently no further details are available.
Top marginal rate kicks in at EUR100,000 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 EUR150,000 in tax class 1 and 1a or EUR300,000 in tax class 2).
The top marginal rate kick in at income over MOP424,000.
The top maginal rate kicks in at MK240,001
Top marginal rate kicks in at MYR100,000 of taxable income. It is anticipated that the tax rates will decrease when the Goods and Service Tax is implemented in Malaysia.
The 35 percent income tax rate kicks in at EUR28,501 for individuals applying married rates and at EUR19,501 for individuals applying single rates. A new tax bracket for parents was introduced in 2012 where the 35 percent income tax rate kicks in at EUR21,201.
N/A
Top marginal rate kicks in at approximately MXP32,737 monthly (MXP392,842 annual) taxable income. Note: the 2013 tax rate will be 29 percent and the 2014 tax rate will be 28 percent.
The top marginal rate kicks in at USD52,100.
Top marginal rate kicks in at approximately EUR55,991 of taxable income. The following assumptions have been taken:* Dutch tax resident* 30 percent ruling not applicable* Subject to the Dutch social security scheme
Top marginal rate applies from NZD70,000 of taxable income.
Top marginal rate kicks in at over NGN3,200,000
Generally, the top marginal rate (7.8 + 28+12 percent) kicks in at NOK796,400s taxable income. The top tax level (9 percent) applies for income in excess of NOK490,00
Top marginal tax rate kicks in at PKR 2,500,001 of taxable income in addition to tax of PKR 420,000 on taxable income of PKR 2,500,000 subject to marginal relief where taxable income marginally exceeds PKR 2,500,000.
The top marginal rate kicks in at approximately PAB50,000 of taxable income.
The top marginal rate kicks in at PKG250,000.
Paraguay are proposing to introduce a individual income tax system in 2012
The top marginal rate kicks in at approximately 54 tax units (one tax unit value for the year 2011 is PEN 3,600: approximately US$1,310).
The top marginal rate kicks in at approximately PHP500,000.
The top marginal rate kicks in at PLN85,528 (about USD28,000).
In 2013 the top marginal rate kicks in on taxable income exceeding EUR80.000.
Romania applies flat income tax rate of 16 percent.
Russia applies flat tax rate of 13 percent applicable to Russian tax residents. Russian tax non-residents pay tax at 30 percent rate applicable to Russia sourced income only (dividends paid by the Russian companies are taxable at 15 percent tax rate).
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 approximately EUR34,500
Top marginal rate kicks in at SGD320,000 of taxable income.
As of 1 January 2004, the progressive tax rates were replaced by the flat tax rate of 19 percent.
The highest marginal tax rate is 50 percent kicks in at EUR70,907. The tax rate of 50 percent will also be applicable in 2014, afterwards it shall decrease to 41 percent whereby the tax brackets are adjusted every year (due to inflation).
Top marginal rate kicks in at ZAR638,600 effective 1 March 2013.
Top marginal rate kicks in at EUR300,000.20. A new complementary surcharge to Personal Income Tax (PIT) rates is applicable for 2012 and 2013 tax years. As a consequence, the general PIT tax rates applicable for 2012 and 2013 have been increased. The general marginal rate has been established at 52 percent for 2012 and 2013 but it might vary depending on the autonomous community.
Top marginal rate kicks in at LKR3,000,000 (for resident/non resident individuals)
Top marginal rate kicks in at SEK574,300 of taxable income.
While higher marginal rates can kick in at lower income levels, the top effective federal rate of 11.5 percent starts at approximately 751,400 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 approximately TZS720,000 per month of taxable income.
Top marginal rate kicks in at TBH4,000,000.
Top marginal rate kicks in at TND50,000
Top marginal rate kicks in at TRY80,000
The 40 percent rate kicks in at UGX120,000,000.
Top marginal income tax rate 17 percent applies to income in excess of the monthly threshold of 10 minimum wages (UAH 11,470 as at 1 January 2013).
Individual income tax not assessed.
Top marginal rate kicks in at GBP150,000. The top rate has been reduced to 45 percent from 6 April 2013.
For 2013 the top marginal rate kicks in at 450,000 USD for surviving spouses and married couples filing jointly, 425,000 USD for heads of households, 400,000 USD for other umarried individuals, and 225,000 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 1.380 BPC. In 2012, the value of 1 BPC was set to UYU 2.417.
Top marginal tax rate for residents kicks in at 6,001 Fiscal Units (1 Tax Unit IS equivalent to VEF76 for 2011 tax year) for tax residents (VEF456.976 - US$106,064).For non resident individuals the tax rate of 34 percent kicks in at any level amount of Venezuela source income.It is thought that the Tax Unit for 2012 will be be VEF97 (yet to be confirmed).
Top marginal rate kicks in at VND80,000,000 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
USD10,000 per month (USD120,000 per year).