13 Countries with Highest Tax Rates in the World
8. Slovenia
Income Tax In The Highest Slab: 50 Per Cent
Overall Rank: 7
Slovenia stands on the 7th place among the countries under highest income tax in the world.
Usually in most of the countries, income tax is paid on the yearly basis. But in Slovenia, taxes are paid every month. For the working employees the taxes are deducted by the companies. In case the resident is working in a foreign company, tax advances are paid on tax return.
9. Japan
Income Tax In The Highest Slab: 50 Per Cent
Overall Rank: 8
It is the only Asian country that comes under the list of top 10 highest income tax countries. The income tax rates are higher than the Asia’s total average rate of 23 percent.
As of 2013, the tax rate is 50 percent. The tax structure is divided into two parts, with marginal rate of 40 percent and the 10 percent towards property tax.
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