Forecast for List of Countries by Personal Income Tax Rate | 2017-2020

This page provides forecasts for Personal Income Tax Rate including a long-term outlook for the next decades, medium-term expectations for the next four quarters and short-term market predictions.


Last 2017 2018 2019 2020
United States 39.60 Dec/16   35 35 35 35
Euro area 42.00 Dec/16 42 42 42 42
China 45.00 Dec/17 45 45 45 45
Japan 55.95 Dec/16   54.3 53.89 55.34 53.21
Germany 47.50 Dec/16 47.5 47.5 47.5 47.5
United Kingdom 45.00 Dec/16   44.41 43.89 43.43 43.24
France 50.20 Dec/16 50.2 50.2 50.2 50.2
India 35.54 Dec/16 35.54 35.54 35.54 35.54
Italy 48.80 Dec/16 48.8 48.8 48.8 48.8
Brazil 27.50 Dec/16 27.5 27.5 27.5 27.5
Canada 33.00 Dec/16   29.04 29.03 29.03 29.03
South Korea 38.00 Dec/16   37.39 36.89 36.48 36.13
Russia 13.00 Dec/16 13 13 13 13
Spain 45.00 Dec/16 45 45 45 45
Australia 45.00 Dec/16   45.2 45.38 45.53 45.66
Mexico 35.00 Dec/16 35 35 35 35
Indonesia 30.00 Dec/16   30.56 31.04 31.47 31.84
Turkey 35.00 Dec/16   35.42 35.39 35.36 35.33
Last 2017 2018 2019 2020
Afghanistan 20.00 Dec/16 20 20 20 20
Albania 23.00 Dec/16   23.83 17.09 14.65 12.08
Algeria 35.00 Dec/16 35 35 35 35
Angola 17.00 Dec/16   16.76 16.55 16.37 16.21
Argentina 35.00 Dec/16 35 35 35 35
Armenia 36.00 Dec/16   33.7 30.37 26.66 23.2
Aruba 59.00 Dec/16   59.11 59.2 59.28 59.32
Australia 45.00 Dec/16   45.2 45.38 45.53 45.66
Austria 55.00 Dec/16   50.02 50.02 50.02 50.02
Azerbaijan 25.00 Dec/16   25.58 26.1 26.57 26.98
Bahamas 0.00 Dec/16 0 0 0 0
Bahrain 0.00 Dec/16 0 0 0 0
Bangladesh 30.00 Dec/16   28.59 27.21 26.05 25.38
Barbados 33.50 Dec/16   34.97 34.97 34.98 34.98
Belarus 13.00 Dec/17   14.8 14.8 16.22 17.46
Belgium 53.70 Dec/16   53.94 54.31 54.64 54.96
Bermuda 0.00 Dec/16 0 0 0 0
Bolivia 13.00 Dec/16 13 13 13 13
Bosnia and Herzegovina 10.00 Dec/16   9.54 9.15 9.03 9.04
Botswana 25.00 Dec/16 25 25 25 25
Brazil 27.50 Dec/16 27.5 27.5 27.5 27.5
Brunei 0.00 Dec/16 0 0 0 0
Bulgaria 10.00 Dec/16   10.84 11.71 12.54 13.61
Cambodia 20.00 Dec/16 20 20 20 20
Cameroon 35.00 Dec/16 35 35 35 35
Canada 33.00 Dec/16   29.04 29.03 29.03 29.03
Cayman Islands 0.00 Dec/16 0 0 0 0
Chad 60.00 Dec/16 60 60 60 60
Chile 35.00 Dec/17 35 35 35 35
China 45.00 Dec/17 45 45 45 45
Colombia 33.00 Dec/16 33 33 33 33
Congo 30.00 Dec/16 30 30 30 30
Costa Rica 15.00 Dec/16 15 15 15 15
Croatia 47.20 Dec/16   47.16 47.13 47.1 47.08
Cyprus 35.00 Dec/16   35.08 35.16 35.23 35.29
Czech Republic 22.00 Dec/17   22.89 22.89 23.73 24.52
Denmark 55.80 Dec/17   56.19 56.16 56.52 56.89
Dominican Republic 25.00 Dec/16   25.55 26 25.89 25.81
Ecuador 35.00 Dec/16   34.02 33.16 32.4 31.74
Egypt 22.50 Dec/16   21.43 21.67 22.5 22.5
El Salvador 30.00 Dec/16 30 30 30 30
Equatorial Guinea 35.00 Dec/16 35 35 35 35
Estonia 20.00 Dec/16   19.97 20.07 20.26 20.5
Ethiopia 35.00 Dec/16 35 35 35 35
Euro area 42.00 Dec/16 42 42 42 42
European Union 39.00 Dec/16   39.2 39.31 39.47 39.8
Fiji 20.00 Dec/16   23.04 25.57 27.67 29.42
Finland 51.60 Dec/16   51.87 52.15 52.49 52.88
France 50.20 Dec/16 50.2 50.2 50.2 50.2
Gabon 35.00 Dec/16   37.42 39.25 39.58 39.32
Georgia 20.00 Dec/16   18.78 18.36 18.25 18.71
Germany 47.50 Dec/16 47.5 47.5 47.5 47.5
Ghana 25.00 Dec/16 25 25 25 25
Greece 48.00 Dec/16 48 48 48 48
Guatemala 7.00 Dec/16   13.63 19.16 23.75 27.57
Guinea 40.00 Dec/16 40 40 40 40
Honduras 25.00 Dec/16 25 25 25 25
Hong Kong 15.00 Dec/16   15.11 15.21 15.3 15.37
Hungary 15.00 Dec/16   17.23 19.03 21.31 23.56
Iceland 46.30 Dec/16   45.5 44.68 44.18 43.95
India 35.54 Dec/16 35.54 35.54 35.54 35.54
Indonesia 30.00 Dec/16   30.56 31.04 31.47 31.84
Iraq 15.00 Dec/16 15 15 15 15
Ireland 48.00 Dec/16 48 48 48 48
Isle of Man 20.00 Dec/16   19.76 19.55 19.37 19.21
Israel 50.00 Dec/16   49.67 49.43 49.24 49.09
Italy 48.80 Dec/16 48.8 48.8 48.8 48.8
Ivory Coast 60.00 Dec/16 60 60 60 60
Jamaica 25.00 Dec/16   26.4 26.2 26.03 25.88
Japan 55.95 Dec/16   54.3 53.89 55.34 53.21
Jordan 20.00 Dec/16   22.66 24.43 23.93 23.74
Kazakhstan 10.00 Dec/16   11.03 10.94 10.85 10.78
Kenya 30.00 Dec/16 30 30 30 30
Kosovo 10.00 Dec/16 10 10 10 10
Kuwait 0.00 Dec/16 0 0 0 0
Laos 24.00 Dec/16   24.73 24.99 25.09 25.13
Latvia 23.00 Dec/16   23.57 23.78 23.99 24.1
Lebanon 20.00 Dec/16 20 20 20 20
Lesotho 30.00 Dec/16   32.55 33.99 34.73 35.02
Libya 10.00 Dec/16   10.8 10.69 10.59 10.51
Liechtenstein 24.00 Dec/16   23.36 22.8 22.02 21.34
Lithuania 15.00 Dec/16   15.96 17.02 18.07 19.45
Luxembourg 43.60 Dec/16   43.65 43.71 43.77 43.84
Macau 12.00 Dec/16 12 12 12 12
Macedonia 10.00 Dec/16   11.25 12.58 13.21 13.33
Madagascar 20.00 Dec/16   20.9 21.97 23.16 24.6
Malawi 30.00 Dec/16 30 30 30 30
Malaysia 28.00 Dec/16 28 28 28 28
Malta 35.00 Dec/16 35 35 35 35
Mauritania 40.00 Dec/16   33.1 33.09 33.08 33.08
Mauritius 15.00 Dec/16   16.05 17.78 19.22 20.41
Mexico 35.00 Dec/16 35 35 35 35
Moldova 18.00 Dec/16   18.23 18.41 18.47 18.45
Mongolia 10.00 Dec/16 10 10 10 10
Montenegro 9.00 Dec/16 9 9 9 9
Morocco 38.00 Dec/16   38.55 39.09 39.68 40.37
Mozambique 32.00 Dec/16 32 32 32 32
Myanmar 25.00 Dec/16   20.11 21.36 21.04 21.12
Namibia 37.00 Dec/16 37 37 37 37
Netherlands 52.00 Dec/16   52.38 52.75 53.09 53.41
New Zealand 33.00 Dec/16   33.4 34.13 34.87 35.51
Nicaragua 30.00 Dec/16 30 30 30 30
Nigeria 24.00 Dec/16 24 24 24 24
Norway 38.52 Dec/17   39.23 39.25 40.02 40.69
Oman 0.00 Dec/16 0 0 0 0
Pakistan 20.00 Dec/16   21.03 20.94 20.85 20.78
Panama 25.00 Dec/16   25.51 25.88 26.18 26.42
Papua New Guinea 42.00 Dec/16   42.29 42.73 43.1 43.33
Peru 30.00 Dec/16 30 30 30 30
Philippines 32.00 Dec/16 32 32 32 32
Poland 32.00 Dec/16   32.53 33.08 33.6 34.1
Portugal 56.50 Dec/16 56.5 56.5 56.5 56.5
Puerto Rico 33.00 Dec/16 33 33 33 33
Qatar 0.00 Dec/16 0 0 0 0
Republic of the Congo 40.00 Dec/16   40.94 41.72 42.38 43.46
Romania 16.00 Dec/16   17.4 18.6 19.74 20.83
Russia 13.00 Dec/16 13 13 13 13
Rwanda 30.00 Dec/16 30 30 30 30
Samoa 27.00 Dec/16 27 27 27 27
Saudi Arabia 0.00 Dec/16 0 0 0 0
Senegal 40.00 Dec/16   42.76 45.06 46.97 48.57
Serbia 15.00 Dec/17   14.53 14.53 14.57 14.6
Seychelles 15.00 Dec/16 15 15 15 15
Sierra Leone 30.00 Dec/14   30.57 31.04 31.04 30.93
Singapore 22.00 Dec/16 22 22 22 22
Slovakia 25.00 Dec/16   25.71 26.37 27.1 27.77
Slovenia 50.00 Dec/16   45 45 45 45
South Africa 45.00 Dec/17   43.4 54.13 60.16 66.95
South Korea 38.00 Dec/16   37.39 36.89 36.48 36.13
Spain 45.00 Dec/16 45 45 45 45
Sri Lanka 15.00 Dec/16   17.38 19.26 20.42 22.63
Sudan 15.00 Dec/15   15.67 16.2 16.27 16.14
Suriname 38.00 Dec/16 38 38 38 38
Swaziland 33.00 Dec/16 33 33 33 33
Sweden 57.10 Dec/16   56.72 56.45 56.2 55.85
Switzerland 40.00 Dec/16   40.04 40.08 40.12 40.14
Syria 22.00 Dec/16   21.76 21.55 21.37 21.21
Taiwan 45.00 Dec/17 45 40 40 41.06
Tajikistan 13.00 Dec/16 13 13 13 13
Tanzania 30.00 Dec/16 30 30 30 30
Thailand 35.00 Dec/16   35.55 36.01 36.39 36.71
Trinidad And Tobago 25.00 Dec/16 25 25 25 25
Tunisia 35.00 Dec/16 35 35 35 35
Turkey 35.00 Dec/16   35.42 35.39 35.36 35.33
Uganda 40.00 Dec/16   38.31 36.84 35.57 34.46
Ukraine 18.00 Dec/16   18.22 17.75 17.59 17.35
United Arab Emirates 0.00 Dec/16 0 0 0 0
United Kingdom 45.00 Dec/16   44.41 43.89 43.43 43.24
United States 39.60 Dec/16   35 35 35 35
Uruguay 30.00 Dec/16   27.22 24.72 22.48 20.88
Uzbekistan 23.00 Dec/16   24.46 24.84 26.21 26.62
Venezuela 34.00 Dec/16 34 34 34 34
Vietnam 35.00 Dec/16   35.56 36.04 36.47 36.84
Yemen 15.00 Dec/16   15.67 16.26 16.78 17.24
Zambia 35.00 Dec/16 35 35 35 35
Zimbabwe 50.00 Dec/16   42.22 40.72 42.67 43.09