10 Countries With The Highest Tax Rates In The World

4. Belgium

Combined personal, corporate, VAT, GST and sales tax average: 39.55%

We return back to Europe. Belgium might not be in top 20 economies of the world, but it isn’t that far off as well. With slightly more than 11 million inhabitants, Belgium is in the upper half of the list of world’s countries by population. Belgium’s taxes, however, are among highest in the world, especially personal income one which ranges between 53.7 and 60.6 percents. Corporate taxes sit between 33 and 48 percents and VAT amounts to 21%. Finally, the average of all three categories comes to a total of 39.55 percents.