5 Countries That Have The Highest Taxes On High Incomes

This article will examine 5 countries with the highest taxes on high incomes. If you want to go through our detailed analysis on the taxation trends and outlook, you can go through a more extensive list and head straight to our article on 15 Countries That Have The Highest Taxes on High Incomes.

 5. Sweden

Top income tax rate: 52.3%

In Sweden, employment income is taxed based on rounded taxable income amounts. For the year 2023, there is no national income tax for taxable income up to approximately $60,122, but a 32% municipal income tax applies. Taxable income exceeding the above-mentioned amount is subject to a 20% national income tax and 32% municipal tax.

Non-residents working in Sweden for a Swedish or foreign employer with a permanent establishment are taxed at a flat rate of 25%. Non-residents working for a non-Swedish employer without a permanent establishment are liable for a 25% tax rate, with exceptions for short-term stays.