| TAXATION |
TOP TAX RATE |
PLACE AMONG COUNTRIES |
NOTES |
| INCOME TAX |
33% |
#120/196 |
PROGRESSIVE TAX RATES |
| CORPORATE TAX |
27.5% |
#113/196
|
FLAT TAX |
| CAPITAL GAINS TAX |
0% |
#1/188
|
- |
| VALUE ADDED TAX |
14% |
#51/197
|
|
| SIMPLE AVERAGE MOST-FAVORED-NATION TARIFF |
7.58% |
#163/186
|
|
| INHERITANCE TAX |
0% |
#1/178
|
|
| 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 |
0.56 |
#83/187 |
|
| STRENGTH OF INVESTOR PROTECTION |
0.38 |
#127/184
|
|
| INVESTMENT FREEDOM |
YES / PARTIALLY / NO |
# OF COUNTRIES YES/PARTIALLY/NO |
NOTES |
| FREELY CONVERTIBLE CURRENCY |
PARTIALLY |
53 Y/20 P/125 N
|
ALSO ZAR USER |
| FOREIGN FREEHOLD PROPERTY OWNERSHIP |
NO |
109 Y/18 P/71 N |
|
| COST OF LIVING |
1 = MOST FAVORABLE |
PLACE AMONG COUNTRIES |
NOTES |
| COST OF LIVING |
0.82 |
#80/190 |
CHEAPER THAN US (US = 0.42) |
| INFLATION |
RATE |
PLACE AMONG COUNTRIES |
NOTES |
| AVERAGE ESTIMATED ANNUAL INFLATION FOR 2011-2018 |
6.173% |
#154/195 |
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. |
|
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. |