5 Countries with Highest Income Tax Rates in the World

In this article, we will look at 5 countries with highest income tax rates in the world. If you want to read our detailed analysis, head straight to 20 Countries with Highest Income Tax Rates in the World.

5. Sweden

Individual Income Tax Rate (2023): 52.30%

GDP Per Capita: $66,210

Sweden is one of the richest economies in the region. The country has a GDP per capita of $66,210 and an individual income tax rate of 52.30%. Sweden is placed fifth among the countries with highest income tax rates in the world.