10 Countries With The Highest Income Tax Rates

Reema Sharma
Mar 01, 2024

1. Ivory Coast

The West African country of Ivory Coast has the highest income tax rate in the world at 60%.

2. Finland

Finland has the highest taxes in Europe and the second highest taxes in the world at 56.95%.

3. Japan

Japan is the only Asian country amongst high tax countries with a tax rate of 55.97%.

4. Denmark

Denmark has a tax rate of 56%.

5. Austria

The marginal tax rate of Austria stands at 55%.

6. Sweden

In Sweden, the rate of personal income tax is 52.9%.

7. Aruba

In Aruba, the government levies a personal income tax rate of 52%.

8. Belgium

The tax rate in Belgium is 50%.

9. Israel

In the Middle-eastern country of Israel, the marginal tax rate is 50%.

10. Slovenia

The European country of Slovenia imposes a 50% tax on its citizens.

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