Low tax rate countries (1–15% PIT)
30 countries with competitive personal income tax rates — sorted by PIT rate, lowest first
Countries with personal income tax rates at or below 15%. Sorted by PIT rate (lowest first). Excludes zero-PIT countries.
All low-rate jurisdictions (30)
| Country | PIT | CIT | VAT | CGT | Soc. sec. | System | Regime |
|---|---|---|---|---|---|---|---|
 GT
Guatemala
|
7.0% | 25.0% | 12.0% | 10.0% | 4.8% | Territorial | — |
 RO
Romania
|
10.0% | 16.0% | 21.0% | 10.0% | 35.0% | Worldwide | Nomad |
 BG
Bulgaria
|
10.0% | 10.0% | 20.0% | 10.0% | 13.8% | Worldwide | — |
 AD
Andorra
|
10.0% | 10.0% | 4.5% | 10.0% | 5.5% | Worldwide | Nomad |
 BA
Bosnia and Herzegovina
|
10.0% | 10.0% | 17.0% | 10.0% | 31.0% | Worldwide | — |
 RS
Serbia
|
10.0% | 15.0% | 20.0% | 15.0% | 19.9% | Worldwide | — |
 MK
North Macedonia
|
10.0% | 10.0% | 18.0% | 10.0% | 0.0% | Worldwide | — |
 PY
Paraguay
|
10.0% | 10.0% | 10.0% | 8.0% | 9.0% | Territorial | — |
 KG
Kyrgyzstan
|
10.0% | 10.0% | 12.0% | 10.0% | — | Worldwide | — |
 TM
Turkmenistan
|
10.0% | 8.0% | 15.0% | 2.0% | — | Worldwide | — |
 FM
Micronesia
|
10.0% | 21.0% | 5.0% | — | — | Territorial | — |
 TL
East Timor
|
10.0% | 10.0% | — | — | — | Territorial | — |
 XK
Kosovo
|
10.0% | 10.0% | 18.0% | 0.0% | — | Worldwide | — |
 CH
Switzerland
|
11.5% | 8.5% | 8.1% | 0.0% | 6.4% | Worldwide | Non-dom |
 PW
Palau
|
12.0% | 4.0% | 10.0% | — | — | Territorial | — |
 MO
Macau
|
12.0% | 12.0% | 0.0% | 0.0% | 1.5% | Territorial | — |
 UZ
Uzbekistan
|
12.0% | 15.0% | 12.0% | 12.0% | — | Worldwide | — |
 MH
Marshall Islands
|
12.0% | 3.0% | — | — | — | Territorial | — |
 MD
Moldova
|
12.0% | 12.0% | 20.0% | 12.0% | 0.0% | Worldwide | — |
 BO
Bolivia
|
13.0% | 25.0% | 13.0% | — | 12.7% | Territorial | — |
 TJ
Tajikistan
|
13.0% | 18.0% | 15.0% | 12.0% | — | Worldwide | — |
 IQ
Iraq
|
15.0% | 15.0% | 0.0% | 0.0% | — | Territorial | — |
 SD
Sudan
|
15.0% | 30.0% | 17.0% | — | — | Worldwide | — |
 ST
São Tomé and Príncipe
|
15.0% | 25.0% | 15.0% | — | — | Territorial | — |
 ME
Montenegro
|
15.0% | 15.0% | 21.0% | 15.0% | 10.5% | Worldwide | Nomad |
 MV
Maldives
|
15.0% | 15.0% | 8.0% | 0.0% | 7.0% | Worldwide | — |
 KZ
Kazakhstan
|
15.0% | 20.0% | 16.0% | 10.0% | 10.0% | Worldwide | — |
 HU
Hungary
|
15.0% | 9.0% | 27.0% | 15.0% | 18.5% | Worldwide | — |
 SC
Seychelles
|
15.0% | 25.0% | 15.0% | 0.0% | 0.0% | Territorial | — |
 PS
Palestine
|
15.0% | 15.0% | 16.0% | 0.0% | — | Territorial | — |
-
GT
GuatemalaTerritorial
- PIT
- 7.0%
- CIT
- 25.0%
- VAT
- 12.0%
- CGT
- 10.0%
- Soc. sec.
- 4.8%
-
RO
RomaniaWorldwide
- PIT
- 10.0%
- CIT
- 16.0%
- VAT
- 21.0%
- CGT
- 10.0%
- Soc. sec.
- 35.0%
-
BG
BulgariaWorldwide
- PIT
- 10.0%
- CIT
- 10.0%
- VAT
- 20.0%
- CGT
- 10.0%
- Soc. sec.
- 13.8%
-
AD
AndorraWorldwide
- PIT
- 10.0%
- CIT
- 10.0%
- VAT
- 4.5%
- CGT
- 10.0%
- Soc. sec.
- 5.5%
-
BA
Bosnia and HerzegovinaWorldwide
- PIT
- 10.0%
- CIT
- 10.0%
- VAT
- 17.0%
- CGT
- 10.0%
- Soc. sec.
- 31.0%
-
RS
SerbiaWorldwide
- PIT
- 10.0%
- CIT
- 15.0%
- VAT
- 20.0%
- CGT
- 15.0%
- Soc. sec.
- 19.9%
-
MK
North MacedoniaWorldwide
- PIT
- 10.0%
- CIT
- 10.0%
- VAT
- 18.0%
- CGT
- 10.0%
- Soc. sec.
- 0.0%
-
PY
ParaguayTerritorial
- PIT
- 10.0%
- CIT
- 10.0%
- VAT
- 10.0%
- CGT
- 8.0%
- Soc. sec.
- 9.0%
-
KG
KyrgyzstanWorldwide
- PIT
- 10.0%
- CIT
- 10.0%
- VAT
- 12.0%
- CGT
- 10.0%
- Soc. sec.
- —
-
TM
TurkmenistanWorldwide
- PIT
- 10.0%
- CIT
- 8.0%
- VAT
- 15.0%
- CGT
- 2.0%
- Soc. sec.
- —
-
FM
MicronesiaTerritorial
- PIT
- 10.0%
- CIT
- 21.0%
- VAT
- 5.0%
- CGT
- —
- Soc. sec.
- —
-
TL
East TimorTerritorial
- PIT
- 10.0%
- CIT
- 10.0%
- VAT
- —
- CGT
- —
- Soc. sec.
- —
-
XK
KosovoWorldwide
- PIT
- 10.0%
- CIT
- 10.0%
- VAT
- 18.0%
- CGT
- 0.0%
- Soc. sec.
- —
-
CH
SwitzerlandWorldwide
- PIT
- 11.5%
- CIT
- 8.5%
- VAT
- 8.1%
- CGT
- 0.0%
- Soc. sec.
- 6.4%
-
PW
PalauTerritorial
- PIT
- 12.0%
- CIT
- 4.0%
- VAT
- 10.0%
- CGT
- —
- Soc. sec.
- —
-
MO
MacauTerritorial
- PIT
- 12.0%
- CIT
- 12.0%
- VAT
- 0.0%
- CGT
- 0.0%
- Soc. sec.
- 1.5%
-
UZ
UzbekistanWorldwide
- PIT
- 12.0%
- CIT
- 15.0%
- VAT
- 12.0%
- CGT
- 12.0%
- Soc. sec.
- —
-
MH
Marshall IslandsTerritorial
- PIT
- 12.0%
- CIT
- 3.0%
- VAT
- —
- CGT
- —
- Soc. sec.
- —
-
MD
MoldovaWorldwide
- PIT
- 12.0%
- CIT
- 12.0%
- VAT
- 20.0%
- CGT
- 12.0%
- Soc. sec.
- 0.0%
-
BO
BoliviaTerritorial
- PIT
- 13.0%
- CIT
- 25.0%
- VAT
- 13.0%
- CGT
- —
- Soc. sec.
- 12.7%
-
TJ
TajikistanWorldwide
- PIT
- 13.0%
- CIT
- 18.0%
- VAT
- 15.0%
- CGT
- 12.0%
- Soc. sec.
- —
-
IQ
IraqTerritorial
- PIT
- 15.0%
- CIT
- 15.0%
- VAT
- 0.0%
- CGT
- 0.0%
- Soc. sec.
- —
-
SD
SudanWorldwide
- PIT
- 15.0%
- CIT
- 30.0%
- VAT
- 17.0%
- CGT
- —
- Soc. sec.
- —
-
ST
São Tomé and PríncipeTerritorial
- PIT
- 15.0%
- CIT
- 25.0%
- VAT
- 15.0%
- CGT
- —
- Soc. sec.
- —
-
ME
MontenegroWorldwide
- PIT
- 15.0%
- CIT
- 15.0%
- VAT
- 21.0%
- CGT
- 15.0%
- Soc. sec.
- 10.5%
-
MV
MaldivesWorldwide
- PIT
- 15.0%
- CIT
- 15.0%
- VAT
- 8.0%
- CGT
- 0.0%
- Soc. sec.
- 7.0%
-
KZ
KazakhstanWorldwide
- PIT
- 15.0%
- CIT
- 20.0%
- VAT
- 16.0%
- CGT
- 10.0%
- Soc. sec.
- 10.0%
-
HU
HungaryWorldwide
- PIT
- 15.0%
- CIT
- 9.0%
- VAT
- 27.0%
- CGT
- 15.0%
- Soc. sec.
- 18.5%
-
SC
SeychellesTerritorial
- PIT
- 15.0%
- CIT
- 25.0%
- VAT
- 15.0%
- CGT
- 0.0%
- Soc. sec.
- 0.0%
-
PS
PalestineTerritorial
- PIT
- 15.0%
- CIT
- 15.0%
- VAT
- 16.0%
- CGT
- 0.0%
- Soc. sec.
- —
Related
Disclaimer. Low headline rates may not reflect effective rates after surcharges, municipal taxes, or solidarity levies. Some countries apply progressive brackets where only the first bracket is low. Social security contributions can significantly increase the total tax burden. Always consult a qualified tax professional.