Here is a list of countries with the highest personal income tax rate on the top salary bracket in the world!
Data: tradingeconomics.com, as of December 2024
Income tax: 49.5%
Tax bracket: over 73,031 euro (or $75,216.03) per annum*.
Data: tradingeconomics.com, as of December 2024
Income tax: 50%
Tax bracket: over 78,016.32 euro (or $80,361.26) per annum.
*Slovenia shares the 7th rank with two other countries
Income tax: 50%
Tax bracket: over 721,561 new Israeli shekel (or $199,103.49) per annum.
Income tax: 50%
Tax bracket: over 48,320 euro (or $49,735.22) per annum.
Income tax: 52%*
*Includes a 32% municipal tax on employment income and a 20% national tax on income over 598,500 Swedish krona ($53,518.27) per annum.
Source: deloitte.com
Income tax: 52%
Tax bracket: over 135,527 Aruban guilder (or $75,295.10) per annum.
Income tax: 55%
Tax bracket: over 1 million euro (or $1.03 million) per annum.
Income tax: 55.9%*
*Maximum tax rate is 52.07% (55.9% including labour market contributions tax), but many deductions are applicable.
Source: taxsummaries.pwc.com/denmark
Income tax: 55.95%
Individuals earning 40 million yen or more must pay a 45% national income tax, a 10% local income tax, and a 2.1% surtax on the national income tax.
Source: taxsummaries.pwc.com/japan
Income tax: 56.4%
Tax bracket: over $1.03 million (or 1 million euro) per annum.
Source: veronmaksajat.fi
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