Which country has the highest capital gains tax?

Denmark, at up to 42% on share income. Chile and Turkey follow at 40%, then Norway at 37.84%, and the Netherlands, Suriname (36%), Malta, Thailand and Mexico (35%).

What is the average capital gains tax rate worldwide?

Across the roughly 150 jurisdictions that tax capital gains, headline top rates cluster between 10% and 30%, with a global average around 17–20%. Fifty jurisdictions charge nothing at all — see our companion list of countries with no capital gains tax.

Are capital gains taxed the same as salary income?

Rarely. Most countries tax capital gains at preferential flat rates (e.g. the US long-term rate of up to 20%, France’s 30% flat tax), and many discount or exempt gains on assets held long-term. A few — such as Denmark — tax investment income at rates close to labour income.

Countries with the Highest Capital Gains Tax

Countries with the highest tax rates on capital gains from investments, ranked from highest to lowest.

Denmark taxes capital gains harder than anywhere else — share income above the threshold is taxed at 42%. Chile and Turkey follow at 40%, with Norway (37.84% after its adjustment factor), the Netherlands and Suriname (36%) close behind. Most large economies sit in the 20–35% band, and 50 jurisdictions tax capital gains at 0%.

Headline rates hide a lot of nuance: many countries tax short-term gains as ordinary income but discount long-held assets, exempt a yearly allowance, or tax real estate under a separate regime. Click through to any country for the full picture.

#	Country	Rate	Level
1	Denmark Europe	42%	Very High
2	Turkey Asia	40%	High
3	Chile South America	40%	High
4	Norway Europe	37.8%	High
5	Netherlands Europe	36%	High
6	Suriname South America	36%	High
7	Malta Europe	35%	High
8	Mexico North America	35%	High
9	Thailand Asia	35%	High
10	Finland Europe	34%	High
11	Venezuela South America	34%	High
12	Ireland Europe	33%	High
13	Mozambique Africa	32%	High
14	Sweden Europe	30%	Moderate
15	France Europe	30%	Moderate
16	Uganda Africa	30%	Moderate
17	Haiti North America	30%	Moderate
18	Eritrea Africa	30%	Moderate
19	Portugal Europe	28%	Moderate
20	Spain Europe	28%	Moderate
21	Austria Europe	27.5%	Moderate
22	Dominican Republic North America	27%	Moderate
23	Samoa Oceania	27%	Moderate
24	Canada North America	27%	Moderate
25	Germany Europe	26.4%	Moderate
26	Italy Europe	26%	Moderate
27	Slovenia Europe	25%	Moderate
28	Ghana Africa	25%	Moderate
29	Burundi Africa	25%	Moderate
30	Israel Asia	25%	Moderate
31	Mali Africa	25%	Moderate
32	Sierra Leone Africa	25%	Moderate
33	Bolivia South America	25%	Moderate
34	Iran Asia	25%	Moderate
35	Aruba North America	25%	Moderate
36	Australia Oceania	23%	Moderate
37	Brazil South America	22.5%	Moderate
38	Iceland Europe	22%	Moderate
39	Botswana Africa	22%	Moderate
40	Indonesia Asia	22%	Moderate
41	South Korea Asia	22%	Moderate
42	Luxembourg Europe	21%	Moderate
43	Estonia Europe	20%	Low
44	Latvia Europe	20%	Low
45	Armenia Asia	20%	Low
46	Madagascar Africa	20%	Low
47	Morocco Africa	20%	Low
48	United Kingdom Europe	20%	Low
49	Central African Republic Africa	20%	Low
50	Niger Africa	20%	Low
51	Republic of the Congo Africa	20%	Low
52	Burkina Faso Africa	20%	Low
53	Chad Africa	20%	Low
54	Gabon Africa	20%	Low
55	Georgia Asia	20%	Low
56	India Asia	20%	Low
57	Togo Africa	20%	Low
58	Jordan Asia	20%	Low
59	Equatorial Guinea Africa	20%	Low
60	Saudi Arabia Asia	20%	Low
61	Zimbabwe Africa	20%	Low
62	Guyana South America	20%	Low
63	China Asia	20%	Low
64	Cambodia Asia	20%	Low
65	Comoros Africa	20%	Low
66	Japan Asia	20%	Low
67	Vietnam Asia	20%	Low
68	Taiwan Asia	20%	Low
69	Yemen Asia	20%	Low
70	Afghanistan Asia	20%	Low
71	United States North America	20%	Low
72	Poland Europe	19%	Low
73	Slovakia Europe	19%	Low
74	Ukraine Europe	18%	Low
75	South Africa Africa	18%	Low
76	Hungary Europe	15%	Low
77	Greece Europe	15%	Low
78	Russia Europe	15%	Low
79	Argentina South America	15%	Low
80	Czech Republic Europe	15%	Low
81	Lithuania Europe	15%	Low
82	Montenegro Europe	15%	Low
83	Albania Europe	15%	Low
84	Serbia Europe	15%	Low
85	Cameroon Africa	15%	Low
86	Algeria Africa	15%	Low
87	Colombia South America	15%	Low
88	Benin Africa	15%	Low
89	Guinea Africa	15%	Low
90	Pakistan Asia	15%	Low
91	Senegal Africa	15%	Low
92	Kenya Africa	15%	Low
93	Mauritania Africa	15%	Low
94	Bangladesh Asia	15%	Low
95	Ethiopia Africa	15%	Low
96	Gambia Africa	15%	Low
97	Jamaica North America	15%	Low
98	Angola Africa	15%	Low
99	Costa Rica North America	15%	Low
100	Philippines Asia	15%	Low
101	Puerto Rico North America	15%	Low
102	Lebanon Asia	15%	Low
103	Liberia Africa	15%	Low
104	Oman Asia	15%	Low
105	Iraq Asia	15%	Low
106	Kuwait Asia	15%	Low
107	Syria Asia	15%	Low
108	Azerbaijan Asia	14%	Low
109	Belarus Europe	13%	Low
110	Tajikistan Asia	13%	Low
111	Uruguay South America	12%	Low
112	Moldova Europe	12%	Low
113	Côte d'Ivoire Africa	12%	Low
114	Uzbekistan Asia	12%	Low
115	Croatia Europe	10%	Very Low
116	Romania Europe	10%	Very Low
117	Bulgaria Europe	10%	Very Low
118	Tunisia Africa	10%	Very Low
119	Kosovo Europe	10%	Very Low
120	North Macedonia Europe	10%	Very Low
121	South Sudan Africa	10%	Very Low
122	Sri Lanka Asia	10%	Very Low
123	Tanzania Africa	10%	Very Low
124	Bosnia and Herzegovina Europe	10%	Very Low
125	Sudan Africa	10%	Very Low
126	Democratic Republic of the Congo Africa	10%	Very Low
127	Cape Verde Africa	10%	Very Low
128	Ecuador South America	10%	Very Low
129	Guinea-Bissau Africa	10%	Very Low
130	Honduras North America	10%	Very Low
131	Nicaragua North America	10%	Very Low
132	Turkmenistan Asia	10%	Very Low
133	Egypt Africa	10%	Very Low
134	El Salvador North America	10%	Very Low
135	Nepal Asia	10%	Very Low
136	Guatemala North America	10%	Very Low
137	Kazakhstan Asia	10%	Very Low
138	Kyrgyzstan Asia	10%	Very Low
139	Djibouti Africa	10%	Very Low
140	Mongolia Asia	10%	Very Low
141	Paraguay South America	10%	Very Low
142	Fiji Oceania	10%	Very Low
143	Malaysia Asia	10%	Very Low
144	Nigeria Africa	10%	Very Low
145	Bhutan Asia	10%	Very Low
146	Panama North America	10%	Very Low
147	Myanmar Asia	10%	Very Low
148	Timor-Leste Asia	10%	Very Low
149	Qatar Asia	10%	Very Low
150	São Tomé and Príncipe Africa	10%	Very Low
151	Peru South America	6.3%	Very Low
152	Rwanda Africa	5%	Very Low
153	Laos Asia	2%	Very Low
154	Belgium Europe	0%	No Tax
155	Monaco Europe	0%	No Tax
156	Cyprus Europe	0%	No Tax
157	Barbados North America	0%	No Tax
158	Saint Kitts and Nevis North America	0%	No Tax
159	Malawi Africa	0%	No Tax
160	Saint Vincent and the Grenadines North America	0%	No Tax
161	Zambia Africa	0%	No Tax
162	Antigua and Barbuda North America	0%	No Tax
163	Eswatini Africa	0%	No Tax
164	Grenada North America	0%	No Tax
165	Lesotho Africa	0%	No Tax
166	Mauritius Africa	0%	No Tax
167	Namibia Africa	0%	No Tax
168	New Zealand Oceania	0%	No Tax
169	Seychelles Africa	0%	No Tax
170	Tonga Oceania	0%	No Tax
171	Vanuatu Oceania	0%	No Tax
172	Belize North America	0%	No Tax
173	Saint Lucia North America	0%	No Tax
174	Trinidad and Tobago North America	0%	No Tax
175	Bahamas North America	0%	No Tax
176	Bahrain Asia	0%	No Tax
177	Cuba North America	0%	No Tax
178	Palau Oceania	0%	No Tax
179	Papua New Guinea Oceania	0%	No Tax
180	Singapore Asia	0%	No Tax
181	Liechtenstein Europe	0%	No Tax
182	Switzerland Europe	0%	No Tax
183	Maldives Asia	0%	No Tax
184	Curaçao North America	0%	No Tax
185	Somalia Africa	0%	No Tax
186	United Arab Emirates Asia	0%	No Tax
187	Andorra Europe	0%	No Tax
188	Bermuda North America	0%	No Tax
189	British Virgin Islands North America	0%	No Tax
190	Brunei Asia	0%	No Tax
191	Cayman Islands North America	0%	No Tax
192	Federated States of Micronesia Oceania	0%	No Tax
193	Hong Kong Asia	0%	No Tax
194	Kiribati Oceania	0%	No Tax
195	Libya Africa	0%	No Tax
196	Macau Asia	0%	No Tax
197	Marshall Islands Oceania	0%	No Tax
198	Nauru Oceania	0%	No Tax
199	North Korea Asia	0%	No Tax
200	San Marino Europe	0%	No Tax
201	Solomon Islands Oceania	0%	No Tax
202	Turks and Caicos Islands North America	0%	No Tax
203	Tuvalu Oceania	0%	No Tax

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