Highest marginal tax rate, corporate rate > %
25.5 %
25 %
DEFINITION:
Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.
SOURCE:
KPMG's Corporate and Indirect Tax Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).
Ranked 57th in 2009. 2% more than Vietnam
Ranked 64th in 2009.
Highest marginal tax rate, individual > on income exceeding, US$
$73,279.00
$4,447.00
DEFINITION:
Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.
SOURCE:
KPMG's Individual Income Tax and Social Security Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).
Ranked 24th in 2009. 15 times more than Vietnam
Ranked 64th in 2009.
Highest marginal tax rate, individual rate > %
52 %
35 %
DEFINITION:
Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.
SOURCE:
KPMG's Individual Income Tax and Social Security Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).
Ranked 3rd in 2009. 49% more than Vietnam
Ranked 34th in 2009.
Tax payments > number
9
32
DEFINITION:
Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent."
SOURCE:
World Bank, Doing Business project (http://www.doingbusiness.org/).
Ranked 146th in 2009.
Ranked 74th in 2009. 3 times more than Netherlands
Time to prepare and pay taxes > hours
164
1,050
DEFINITION:
Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions."
SOURCE:
World Bank, Doing Business project (http://www.doingbusiness.org/).
Ranked 120th in 2009.
Ranked 3rd in 2009. 5 times more than Netherlands
Total tax rate > % of profit
39.3 %
40.1 %
DEFINITION:
Total tax rate is the total amount of taxes payable by businesses (except for labor taxes) after accounting for deductions and exemptions as a percentage of profit.
SOURCE:
World Bank, Doing Business project (http://www.doingbusiness.org/).
Ranked 98th in 2009.
Ranked 96th in 2009. 2% more than Netherlands
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