| TAXATION |
TOP TAX RATE |
PLACE AMONG COUNTRIES |
NOTES |
| INCOME TAX |
31% |
#114/196 |
PROGRESSIVE TAX RATES |
| CORPORATE TAX |
28% |
#116/196
|
FLAT TAX |
| CAPITAL GAINS TAX |
31% |
#145/188
|
TAXED AT INCOME TAX RATE |
| VALUE ADDED TAX |
12% |
#35/197
|
|
| SIMPLE AVERAGE MOST-FAVORED-NATION TARIFF |
5.72% |
#138/186
|
|
| INHERITANCE TAX |
25% |
#120/178
|
|
| INTERNATIONAL TAXATION |
YES / NO |
# OF COUNTRIES - YES / NO |
NOTES |
| WORLD INCOME TAXABLE FOR CITIZEN RESIDENTS |
NO |
148 YES/47 NO |
TERRITORIAL TAXATION |
| WORLD INCOME TAXABLE FOR FOREIGN RESIDENTS |
NO |
142 YES/53 NO |
TERRITORIAL TAXATION |
| LOCAL INCOME TAXABLE FOR NON-RESIDENTS |
YES |
178 YES/17 NO |
TERRITORIAL TAXATION |
| LEGAL PROTECTION |
1 = MOST FAVORABLE |
PLACE AMONG COUNTRIES |
NOTES |
| STRENGTH OF LEGAL RIGHTS |
0.78 |
#35/187 |
|
| STRENGTH OF INVESTOR PROTECTION |
0.26 |
#157/184
|
|
| INVESTMENT FREEDOM |
YES / PARTIALLY / NO |
# OF COUNTRIES YES/PARTIALLY/NO |
NOTES |
| FREELY CONVERTIBLE CURRENCY |
PARTIALLY |
53 Y/20 P/125 N
|
ALSO USD USER |
| FOREIGN FREEHOLD PROPERTY OWNERSHIP |
YES |
109 Y/18 P/71 N |
|
| COST OF LIVING |
1 = MOST FAVORABLE |
PLACE AMONG COUNTRIES |
NOTES |
| COST OF LIVING |
0.85 |
#65/190 |
CHEAPER THAN US (US = 0.42) |
| INFLATION |
RATE |
PLACE AMONG COUNTRIES |
NOTES |
| AVERAGE ESTIMATED ANNUAL INFLATION FOR 2011-2018 |
4.429% |
#110/195 |
OPTIMAL RANGE IS 1.50 - 2.50% |
|
Countries within the optimal inflation range (1.5-2.5%) are ranked highest, while countries with inflation rates lower or higher than 1.5-2.5% are ranked lower. For details on how countries are ranked according to their inflation rates, please click on "Inflation" in the first column of this table or select "By Indicator - Inflation" in the menu bar. |
|
Sources are indicator-specific and can be accessed through the "By-Indicator" section or through the indicator links in the first column of this table. |
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The reciprocity principle states that foreigners are only allowed to invest in freehold property when locals are allowed to do the same in the foreigner's country of origin. |