Forecast for List of Countries by Personal Income Tax Rate | 2016-2020

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 39.6 39.6 39.6 39.6
Euro area 42.00 Dec/16 42 42 42 42
China 45.00 Dec/16 45 45 45 45
Japan 55.95 Dec/16 55.95 55.95 55.95 55.95
Germany 47.50 Dec/16 47.5 47.5 47.5 47.5
United Kingdom 45.00 Dec/16 45 45 45 45
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 33 33 33 33
South Korea 38.00 Dec/16 38 38 38 38
Australia 45.00 Dec/16 45 45 45 45
Russia 13.00 Dec/16 13 13 13 13
Spain 45.00 Dec/16 45 45 45 45
Mexico 35.00 Dec/16   38.04 37.32 40.24 40.56
Indonesia 30.00 Dec/16 30 30 30 30
Last 2017 2018 2019 2020
Afghanistan 20.00 Dec/16 20 20 20 20
Albania 23.00 Dec/16   25.05 23.28 23.25 22.9
Algeria 35.00 Dec/16 35 35 35 35
Angola 17.00 Dec/16 17 17 17 17
Argentina 35.00 Dec/16 35 35 35 35
Armenia 36.00 Dec/16 36 36 36 36
Aruba 59.00 Dec/16 59 59 59 59
Australia 45.00 Dec/16 45 45 45 45
Austria 55.00 Dec/16 55 55 55 55
Azerbaijan 25.00 Dec/16 25 25 25 25
Bahamas 0.00 Dec/16 0 0 0 0
Bahrain 0.00 Dec/16 0 0 0 0
Bangladesh 30.00 Dec/16 30 30 30 30
Barbados 33.50 Dec/16 33.5 33.5 33.5 33.5
Belarus 13.00 Dec/15 13 13 13 13
Belgium 53.70 Dec/16   53.65 53.65 53.65 53.65
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 10 10 10 10
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   9.02 8.31 7.85 7.23
Cambodia 20.00 Dec/16 20 20 20 20
Cameroon 35.00 Dec/16 35 35 35 35
Canada 33.00 Dec/16 33 33 33 33
Cayman Islands 0.00 Dec/16 0 0 0 0
Chad 60.00 Dec/16 60 60 60 60
Chile 40.00 Dec/16 40 40 40 40
China 45.00 Dec/16 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 35 35 35
Czech Republic 15.00 Dec/15 15 15 15 15
Denmark 55.80 Dec/17   55.34 55.01 54.22 53.44
Dominican Republic 25.00 Dec/16   24.55 24.83 25.05 24.84
Ecuador 35.00 Dec/16 35 35 35 35
Egypt 22.50 Dec/16 22.5 22.5 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 20 20 20 20
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 39 39 39
Fiji 20.00 Dec/16 20 20 20 20
Finland 51.60 Dec/16   50.82 50.96 50.4 50.33
France 50.20 Dec/16 50.2 50.2 50.2 50.2
Gabon 35.00 Dec/16 35 35 35 35
Georgia 20.00 Dec/16   19.76 19.68 19.66 19.73
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 7 7 7 7
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 15 15 15
Hungary 15.00 Dec/16   17.32 15.69 17.04 16.35
Iceland 46.30 Dec/16   45.67 44.99 44.53 44.28
India 35.54 Dec/16 35.54 35.54 35.54 35.54
Indonesia 30.00 Dec/16 30 30 30 30
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 20 20 20 20
Israel 50.00 Dec/16   48.42 46.39 45.6 45.71
Italy 48.80 Dec/16 48.8 48.8 48.8 48.8
Ivory Coast 60.00 Dec/15 60 60 60 60
Jamaica 25.00 Dec/16   26.13 26.08 26.01 25.94
Japan 55.95 Dec/16 55.95 55.95 55.95 55.95
Jordan 20.00 Dec/16 20 20 17.66 17.66
Kazakhstan 10.00 Dec/16 10 10 10 10
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   27.99 27.99 24.97 24.97
Latvia 23.00 Dec/16   23.12 23.16 23.07 23.12
Lebanon 20.00 Dec/16 20 20 20 20
Lesotho 30.00 Dec/16 30 30 30 30
Libya 10.00 Dec/16 10 10 10 10
Liechtenstein 24.00 Dec/16 24 24 24 24
Lithuania 15.00 Dec/16   15.04 15.06 15.08 15.1
Luxembourg 43.60 Dec/16   44.35 43.81 44.3 44.06
Macau 12.00 Dec/16 12 12 12 12
Macedonia 10.00 Dec/16 10 10 10 10
Madagascar 20.00 Dec/16   19.84 19.88 19.77 19.79
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 40 40 40 40
Mauritius 15.00 Dec/16   14.34 14.33 14.34 14.32
Mexico 35.00 Dec/16   38.04 37.32 40.24 40.56
Moldova 18.00 Dec/16 18 18 18 18
Mongolia 10.00 Dec/16 10 10 10 10
Montenegro 9.00 Dec/16 9 9 9 9
Morocco 38.00 Dec/16   37.99 37.99 37.98 37.98
Mozambique 32.00 Dec/16 32 32 32 32
Myanmar 25.00 Dec/16 25 25 25 25
Namibia 37.00 Dec/16 37 37 37 37
Netherlands 52.00 Dec/16 52 52 52 52
New Zealand 33.00 Dec/16   32.93 32.93 32.9 32.93
Nicaragua 30.00 Dec/16 30 30 30 30
Nigeria 24.00 Dec/16 24 24 24 24
Norway 38.52 Dec/17   38.65 38.37 38.42 38.37
Oman 0.00 Dec/16 0 0 0 0
Pakistan 20.00 Dec/16 20 20 20 20
Panama 25.00 Dec/16 25 25 25 25
Papua New Guinea 42.00 Dec/16 42 42 42 42
Peru 30.00 Dec/16 30 30 30 30
Philippines 32.00 Dec/16 32 32 32 32
Poland 32.00 Dec/16 32 32 32 32
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 40 40 40
Romania 16.00 Dec/16 16 16 16 16
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 40 40 40 40
Serbia 15.00 Dec/15 15 15 15 15
Seychelles 15.00 Dec/16 15 15 15 15
Sierra Leone 30.00 Dec/14 30 30 30 30
Singapore 22.00 Dec/16 22 22 22 22
Slovakia 25.00 Dec/16   24.81 24.81 24.77 24.77
Slovenia 50.00 Dec/16   45 45 45 45
South Africa 45.00 Dec/17   43.4 51.98 60.16 66.95
South Korea 38.00 Dec/16 38 38 38 38
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 15 15 15
Suriname 38.00 Dec/16 38 38 38 38
Swaziland 33.00 Dec/16 33 33 33 33
Sweden 57.10 Dec/16   56.82 56.6 56.38 56.07
Switzerland 40.00 Dec/16 40 40 40 40
Syria 22.00 Dec/16 22 22 22 22
Taiwan 45.00 Dec/16 45 45 45 45
Tajikistan 13.00 Dec/16 13 13 13 13
Tanzania 30.00 Dec/16 30 30 30 30
Thailand 35.00 Dec/16 35 35 35 35
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 35 35 35
Uganda 40.00 Dec/16 40 40 40 40
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 45 45 45 45
United States 39.60 Dec/16 39.6 39.6 39.6 39.6
Uruguay 30.00 Dec/16 30 30 30 30
Uzbekistan 23.00 Dec/16   24.03 24.03 24.73 24.73
Venezuela 34.00 Dec/16 34 34 34 34
Vietnam 35.00 Dec/16 35 35 35 35
Yemen 15.00 Dec/16 15 15 15 15
Zambia 35.00 Dec/16 35 35 35 35
Zimbabwe 50.00 Dec/16   44.48 43.57 44.72 44.35