Facts
- Combined corporate income tax rate
- 25.0 % (2023)
- Top statutory personal income tax rate
- 45.0 % (2022)
- Tax revenue, % of GDP
- 26.9 % (2024)
- Top marginal rate incl. employee social security
- 47.7 % (2022)
- OECD member
- Yes
- Corporate income tax rate, central government
- 25.0 % (2023)
- Central CIT rate net of sub-central deduction
- 25.0 % (2023)
- Top marginal income tax rate (PIT only)
- 45.0 % (2022)
- Top rate threshold, × average wage
- 3.39× (2022)
- Average annual wage, US$ PPP
- $65,767 (2022)
- Average annual wage, national currency
- 44,300 (2022)
- Tax revenue level
- 25% of GDP or more
- Taxes on income, profits and capital gains, % of revenue
- 52.6 % (2024)
- Taxes on goods and services, % of value added
- 12.1 % (2024)
- ISO code
- GBR
Sources: OECD Corporate Tax Statistics, OECD Tax Database, World Bank WDI (CC BY 4.0)
Tax revenue, % of GDP
| Period | Value |
|---|---|
| 2024 | 26.9 % |
| 2023 | 26.9 % |
| 2022 | 26.6 % |
| 2021 | 26.0 % |
| 2020 | 24.5 % |
| 2019 | 24.9 % |
| 2018 | 25.3 % |
| 2017 | 25.4 % |
| 2016 | 25.3 % |
| 2015 | 24.9 % |
| 2014 | 24.7 % |
| 2013 | 25.0 % |
Taxes on income, profits and capital gains, % of revenue
| Period | Value |
|---|---|
| 2024 | 52.6 % |
| 2023 | 51.5 % |
| 2022 | 49.5 % |
| 2021 | 49.5 % |
| 2020 | 48.4 % |
| 2019 | 45.4 % |
| 2018 | 45.9 % |
| 2017 | 46.0 % |
| 2016 | 45.8 % |
| 2015 | 45.1 % |
| 2014 | 45.1 % |
| 2013 | 45.4 % |
Taxes on goods and services, % of value added
| Period | Value |
|---|---|
| 2024 | 12.1 % |
| 2023 | 12.4 % |
| 2022 | 12.8 % |
| 2021 | 12.7 % |
| 2020 | 12.4 % |
| 2019 | 13.1 % |
| 2018 | 13.2 % |
| 2017 | 13.2 % |
| 2016 | 13.3 % |
| 2015 | 13.2 % |
| 2014 | 13.2 % |
| 2013 | 13.1 % |
Corporate income tax rate, central government
| Period | Value |
|---|---|
| 2023 | 25.0 % |
| 2022 | 19.0 % |
| 2021 | 19.0 % |
| 2020 | 19.0 % |
| 2019 | 19.0 % |
| 2018 | 19.0 % |
| 2017 | 19.0 % |
| 2016 | 20.0 % |
| 2015 | 20.0 % |
| 2014 | 21.0 % |
| 2013 | 23.0 % |
| 2012 | 24.0 % |
Combined corporate income tax rate
| Period | Value |
|---|---|
| 2023 | 25.0 % |
| 2022 | 19.0 % |
| 2021 | 19.0 % |
| 2020 | 19.0 % |
| 2019 | 19.0 % |
| 2018 | 19.0 % |
| 2017 | 19.0 % |
| 2016 | 20.0 % |
| 2015 | 20.0 % |
| 2014 | 21.0 % |
| 2013 | 23.0 % |
| 2012 | 24.0 % |
Top statutory personal income tax rate
| Period | Value |
|---|---|
| 2022 | 45.0 % |
| 2021 | 45.0 % |
| 2020 | 45.0 % |
| 2019 | 45.0 % |
| 2018 | 45.0 % |
| 2017 | 45.0 % |
| 2016 | 45.0 % |
| 2015 | 45.0 % |
| 2014 | 45.0 % |
| 2013 | 45.0 % |
| 2012 | 50.0 % |
| 2011 | 50.0 % |