Falkland Islands or Serbia: which taxes less?

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

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

Tax Falkland Islands Serbia Gap
Corporate income tax headline rate 26% 15% +11.0 points
Personal income tax top bracket 21% to 26% 10% to 20% +6.0 points
VAT standard rate 0% 20% −20.0 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%

Serbia

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%

Serbia

n/a

See the Falkland Islands page See the Serbia page