A new 2023 report by World Population Review has determined that Ivory Coast is the highest taxed country in Africa, and the highest in the world when it comes to personal income tax.
Uganda 🇺🇬 is the most taxed country in the East African Community (EAC), according to the 2023 World Population Review taxation report
Tanzania 🇹🇿 and Kenya 🇰🇪 came in second and third respectively. pic.twitter.com/KVtAwHiTYK
— BitKE (@BitcoinKE) March 5, 2023
Below is the full list of African countries ranked by their respective tax rates:
| Country | Income Tax | Sales Tax | Corporate Tax |
| Ivory Coast | 60% | 18% | 25% |
| South Africa | 45% | 15% | 28% |
| Uganda | 40% | 18% | 30% |
| Senegal | 40% | 18% | 30% |
| Zimbabwe | 40% | 14% | 24% |
| Guinea | 40% | 14% | 35% |
| Republic Of The Congo | 40% | 18% | 28% |
| Mauritania | 40% | 16% | 25% |
| Morocco | 38% | 20% | 31% |
| Zambia | 37% | 16% | 35% |
| Namibia | 37% | 15% | 32% |
| Algeria | 35% | 19% | 26% |
| Cameroon | 35% | 19% | 33% |
| Tunisia | 35% | 19% | 15% |
| Gabon | 35% | 18% | 30% |
| Equatorial Guinea | 35% | 15% | 35% |
| Mozambique | 32% | 17% | 32% |
| Tanzania | 30% | 18% | 30% |
| Kenya | 30% | 16% | 30% |
| Ghana | 30% | 13% | 25% |
| Malawi | 30% | 16% | 30% |
| Chad | 30% | 18% | 35% |
| Rwanda | 30% | 18% | 30% |
| Gambia | 30% | 15% | 27% |
| Lesotho | 30% | 15% | 25% |
| Egypt | 25% | 14% | 22% |
| Myanmar | 25% | 5% | 25% |
| Angola | 25% | 14% | 25% |
| Botswana | 25% | 12% | 22% |
| Nigeria | 24% | 7% | 30% |
| Madagascar | 20% | 20% | 20% |
| Sudan | 15% | 17% | 35% |
| Sierra Leone | 15% | 15% | 30% |
| Mauritius | 15% | 15% | 15% |
| Seychelles | 15% | 15% | 33% |
| Libya | 10% | 0% | 20% |
While Ivory Coast leads in income tax, we can see that Chad and Equatorial Guinea are tied at 35% each when it comes to corporate tax rate, and Mauritania and Madagascar are tied at 20% for sales tax.
The report measured different taxations and also found out that Ivory Coast is the most taxed country in the world when it comes to income taxation rates as shown below:
- Ivory Coast – 60%
- Finland – 56.95%
- Japan – 55.97%
- Denmark – 55.90%
- Austria – 55.00%
- Sweden – 52.90%
- Aruba – 52.00%
- Belgium – 50.00% (tie)
- Israel – 50.00% (tie)
- Slovenia – 50.00% (tie)
Besides income tax, the analysis measured a majority of the countries in the world by their sales tax, and corporate tax:
Personal Income Tax
Personal income tax is a tax levied on the income earned by individuals, such as salaries, wages, bonuses, commissions, and investment income. It is usually paid to the government by individuals on a yearly basis, and the rate of taxation is determined by the government of the country in which the individual resides or earns their income.
The tax rate can vary depending on the amount of income earned, with higher-income individuals generally paying a higher tax rate. The revenue generated from personal income tax is used by governments to fund public services and infrastructure, such as education, healthcare, and transportation.
Sales Tax
Sales tax is a tax on the purchase of goods and services. It is usually a percentage of the price of the item being sold, and is paid by the consumer at the time of purchase.
The revenue generated from sales tax is used by governments to fund public services and infrastructure, such as schools, hospitals, roads, and public transportation. Sales tax can be an important source of revenue for governments, particularly in countries where income tax is relatively low or non-existent.
However, high rates of sales tax can also be seen as regressive, as they may place a greater burden on low-income earners who have to spend a larger proportion of their income on goods and services.
The rate of sales tax can vary depending on the country, state or province, and sometimes even by the type of item being sold.
Corporate Tax
Corporate tax is a tax levied on the profits earned by companies and corporations. The tax is typically based on the income earned by the company, after deducting business expenses, depreciation, and other allowable deductions.
The tax rate for corporate tax can vary depending on the country in which the company operates, and can also be affected by factors such as the type of industry or business activity.
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