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All Tax Countries

90 countries

P

Papua New Guinea

Progressive TaxCorporate TaxVAT

Papua New Guinea's Tax System

Papua New Guinea has a progressive income tax system with corporate tax rates and VAT applicable to businesses. The tax system is designed to support economic growth and development.

INCOME

22%–42%

 

CORP

30%

 

VAT

10%

 

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Progressive income tax rates

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Standard corporate tax rate

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VAT applicable on goods and services

A

Andorra

Flat TaxLow Corporate TaxLow VAT

Andorra's Flat Tax System

Andorra features a flat tax system with low personal and corporate tax rates. The VAT is also relatively low, making it an attractive destination for businesses and individuals.

INCOME

10%

 

CORP

10%

 

VAT

4.5%

 

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Flat 10% personal income tax rate

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Flat 10% corporate tax rate

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Low 4.5% VAT rate

E

Ethiopia

Progressive TaxCorporate TaxVAT

Ethiopia's Tax System Overview

Ethiopia has a progressive income tax system with rates ranging from 0% to 35%. The corporate tax rate is set at 30%, and the VAT rate is 15%.

INCOME

0%–35%

 

CORP

30%

 

VAT

15%

 

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Progressive income tax rates

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Standard corporate tax rate

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15% VAT on goods and services

S

Suriname

Progressive TaxCorporate TaxVAT

Suriname's Tax System Overview

Suriname has a progressive income tax system with moderate corporate tax rates. The VAT system is straightforward, providing a stable revenue source for the government.

INCOME

8%–38%

 

CORP

36%

 

VAT

10%

 

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Progressive personal income tax rates

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Moderate corporate tax rate

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Standard VAT rate of 10%

G

Guyana

Progressive TaxCorporate TaxVAT

Guyana's Tax System Overview

Guyana has a progressive income tax system with competitive corporate tax rates. VAT is applied at a standard rate, and there are incentives for foreign investors.

INCOME

5%–40%

 

CORP

25%

 

VAT

14%

 

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Progressive income tax rates

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Competitive corporate tax rate

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Standard VAT rate of 14%

P

Puerto Rico

Flat TaxAct 60 IncentivesTerritorial Tax

Puerto Rico's Tax Incentive System

Puerto Rico offers a unique tax system with significant incentives for individuals and businesses under Act 60. The system includes a flat income tax rate for qualifying residents and competitive corporate tax rates.

INCOME

4%–33%

 

CORP

20%

 

VAT

11.5%

 

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Flat 4% tax rate for qualifying Act 60 residents

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No federal income tax on Puerto Rico-sourced income

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11.5% sales and use tax

G

Gibraltar

Territorial TaxNo VATLow Corporate Tax

Gibraltar's Territorial Tax System

Gibraltar operates a territorial tax system where only income accrued or derived from Gibraltar is taxable. There is no VAT, and corporate tax is competitive.

INCOME

0%–25%

 

CORP

12.5%

 

VAT

0%

 

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No VAT or sales tax

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Competitive corporate tax rate

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No capital gains tax

G

Guernsey

Territorial TaxNo VATNo Capital Gains Tax

Guernsey's Territorial Tax System

Guernsey operates a territorial tax system, taxing only income sourced within the island. There is no capital gains tax, inheritance tax, or VAT, making it an attractive location for high-net-worth individuals.

INCOME

0%–20%

 

CORP

0%

 

VAT

0%

 

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No VAT or sales tax

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No capital gains tax

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Flat personal income tax rate

I

Isle of Man

Low TaxNo Capital Gains TaxCorporate Tax Exemptions

Isle of Man's Tax System

The Isle of Man features a low-tax regime with no capital gains tax and a maximum personal income tax rate of 20%. Corporate tax is 0% for most businesses, with a standard VAT rate of 20%.

INCOME

10%–20%

 

CORP

0%

 

VAT

20%

 

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No capital gains tax

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0% corporate tax for most businesses

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Low personal income tax rates

J

Jersey

Flat TaxNo VATCorporate Tax

Jersey's Tax System

Jersey has a straightforward tax system with no capital gains tax and a flat personal income tax rate. The island also offers competitive corporate tax rates and no VAT.

INCOME

20%

 

CORP

0%–10%

 

VAT

0%

 

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No capital gains tax

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Flat personal income tax rate

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No VAT

U

US Virgin Islands

Mirror Tax SystemNo Local Income TaxUS Federal Compliance

US Virgin Islands Tax System

The US Virgin Islands follows a mirror tax system to the US federal tax code, with local adaptations. It features no local income tax, a corporate tax aligned with US rates, and a sales tax instead of VAT.

INCOME

0%

 

CORP

21%

 

VAT

5%

 

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No local personal income tax

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Corporate tax mirrors US federal rate

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Sales tax applies instead of VAT

C

Cayman Islands

Zero TaxNo VATBusiness Friendly

Cayman Islands' Zero-Tax Regime

The Cayman Islands are known for their zero-tax regime, with no personal income tax, corporate tax, or VAT. This makes it a highly attractive jurisdiction for individuals and businesses seeking tax efficiency.

INCOME

0%

 

CORP

0%

 

VAT

0%

 

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No personal income tax

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No corporate tax

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No VAT or sales tax