Lowest tax countries
Which countries have the lowest income tax?
In 2026, the lowest top rates of personal income tax among the countries in Heed's guides are 0% in the Cayman Islands, Monaco, Oman, Qatar and the United Arab Emirates, 10% in Andorra and 17% in Hong Kong. In Europe the lowest are 0% in Monaco and 10% in Andorra. Each figure was read from the country's official page, the latest on 12 October 2026.
01
Lowest first.
The top rate of personal income tax in each country, the lowest first, with its company tax beside it and the date Heed checked the official page. A country appears only once its figures are proven; the ranking grows as more are.
- 01Cayman Islands tax guide0% top personal income tax0% company taxChecked 12 Oct 2026 special regime
- 02Monaco tax guide0% top personal income tax25% company taxChecked 12 Oct 2026 special regime
- 03Oman tax guide0% top personal income tax15% company taxChecked 12 Oct 2026 special regime
- 04Qatar tax guide0% top personal income tax10% company taxChecked 12 Oct 2026 special regime
- 05United Arab Emirates tax guide0% top personal income tax9% company taxChecked 12 Oct 2026 special regime
- 06Andorra tax guide10% top personal income tax10% company taxChecked 12 Oct 2026 special regime
- 07Hong Kong tax guide17% top personal income tax16.5% company taxChecked 12 Oct 2026
- 08Georgia tax guide20% top personal income tax15% company taxChecked 12 Oct 2026 special regime
- 09Jersey tax guide20% top personal income tax0% company taxChecked 12 Oct 2026 special regime
- 10Isle of Man tax guide21% top personal income tax0% company taxChecked 12 Oct 2026 special regime
- 11Estonia tax guide22% top personal income tax22% company taxChecked 12 Oct 2026 special regime
- 12Liechtenstein tax guide22.4% top personal income tax12.5% company taxChecked 12 Oct 2026 special regime
- 13Singapore tax guide24% top personal income tax17% company taxChecked 12 Oct 2026 special regime
- 14Costa Rica tax guide25% top personal income tax30% company taxChecked 12 Oct 2026
- 15Panama tax guide25% top personal income tax25% company taxChecked 29 Jun 2026 special regime
- 16Gibraltar tax guide28% top personal income tax15% company taxChecked 12 Oct 2026 special regime
- 17Malaysia tax guide30% top personal income tax24% company taxChecked 12 Oct 2026 special regime
- 18Poland tax guide32% top personal income tax19% company taxChecked 12 Oct 2026
- 19Argentina tax guide35% top personal income tax35% company taxChecked 12 Oct 2026
- 20Cyprus tax guide35% top personal income tax15% company taxChecked 2 Oct 2026 special regime
- 21Indonesia tax guide35% top personal income tax22% company taxChecked 12 Oct 2026
- 22Malta tax guide35% top personal income tax35% company taxChecked 12 Oct 2026 special regime
- 23Mauritius tax guide35% top personal income tax15% company taxChecked 12 Oct 2026 special regime
- 24Mexico tax guide35% top personal income tax30% company taxChecked 12 Oct 2026
- 25Philippines tax guide35% top personal income tax25% company taxChecked 12 Oct 2026
02
The lowest tax countries in Europe.
The same ranking kept to Europe. A low rate is one line of the picture: social contributions, local taxes and the regimes for newcomers decide what a person pays.
- 01Monaco tax guide0% top personal income tax25% company taxChecked 12 Oct 2026 special regime
- 02Andorra tax guide10% top personal income tax10% company taxChecked 12 Oct 2026 special regime
- 03Georgia tax guide20% top personal income tax15% company taxChecked 12 Oct 2026 special regime
- 04Jersey tax guide20% top personal income tax0% company taxChecked 12 Oct 2026 special regime
- 05Isle of Man tax guide21% top personal income tax0% company taxChecked 12 Oct 2026 special regime
- 06Estonia tax guide22% top personal income tax22% company taxChecked 12 Oct 2026 special regime
- 07Liechtenstein tax guide22.4% top personal income tax12.5% company taxChecked 12 Oct 2026 special regime
- 08Gibraltar tax guide28% top personal income tax15% company taxChecked 12 Oct 2026 special regime
- 09Poland tax guide32% top personal income tax19% company taxChecked 12 Oct 2026
- 10Cyprus tax guide35% top personal income tax15% company taxChecked 2 Oct 2026 special regime
- 11Malta tax guide35% top personal income tax35% company taxChecked 12 Oct 2026 special regime
- 12Switzerland tax guide39.3% top personal income tax14.1% company taxChecked 13 Oct 2026 special regime
- 13Italy tax guide43% top personal income tax24% company taxChecked 12 Oct 2026 special regime
- 14Greece tax guide44% top personal income tax22% company taxChecked 12 Oct 2026 special regime
- 15Finland tax guide45% top personal income tax20% company taxChecked 12 Oct 2026
Questions
What people ask.
Members get each change the day it is confirmed, with what it means for their own position.
The Cayman Islands, Monaco, Oman, Qatar and the United Arab Emirates have the lowest top rate among the countries in Heed's guides, 0%. The full ranking above lists the rest, lowest first.
0% in Monaco and 10% in Andorra, among the European countries in Heed's guides.
No. Social contributions, local or regional taxes, taxes on gains, dividends and property, and the regimes a newcomer can claim all change what a person pays, and the residency test decides whether the rate applies at all. Each country guide sets out what Heed has on record.
From the same figures: no income tax and highest tax countries. Which of these countries keeps changing its rules? See the tax stability ranking.