Falkland Islands or Laos: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Falkland Islands and Laos weigh about the same on the taxpayer.

Laos

6.1/10

67th of 217

Tax Falkland Islands Laos Gap
Corporate income tax headline rate 26% 20% +6.0 points
Personal income tax top bracket 21% to 26% 0% to 25% +1.0 points
VAT standard rate 0% 10% −10.0 points

Detailed schedules

Corporate income tax

Falkland Islands

Profit up to 500,000 GBP Threshold shared among related companies 21%
Profit over 500,000 GBP 26%
Oil activities Exploration and production, regardless of profit 26%

Laos

n/a

Personal income tax

Falkland Islands

First 18,000 taxable GBP After personal allowance of 16,860 GBP 21%
Over 18,000 GBP 26%

Laos

n/a

See the Falkland Islands page See the Laos page