Income Tax returns: These are the top 5 tax imposing countries

May 30, 2018, 16:45 PM IST
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Top 5 tax imposing countries: The salary that you see on your employment letter is never what you receive in hand. The reason is of course taxes. Consultancy firm CapRelo, as reported by Business Insider, studied tax rates and take home salaries in 40 countries and revealed five countries where citizens pay highest taxes on their salary:

1/5

Denmark

Practical tax rate: 56%

Average pre-tax salary: $64,310

Average post-tax salary: $28,227

(Image source: Reuters)

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2/5

Sweden

Practical tax rate: 52%

Average pre-tax salary: $46,804

Average post-tax salary: $22,410

(Image source: Reuters)

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3/5

Belgium

Practical tax rate: 45%

Average pre-tax salary: $47,674

Average post-tax salary: $26,221

(Image source: Reuters)

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4/5

Austria

Practical tax rate: 42%

Average pre-tax salary: $45,819

Average post-tax salary: $26,575

(Image source: Reuters)

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5/5

The Netherlands

Practical tax rate: 41%

Average pre-tax salary: $51,669

Average post-tax salary: $30,562

(Image source: Pixabay)

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