Georgia or North Korea: which taxes less?

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

Level pegging: Georgia and North Korea weigh about the same on the taxpayer.

Tax Georgia North Korea Gap
Corporate income tax headline rate 15% 25% −10.0 points
Personal income tax top bracket 20% 0% to 20% Same rate
VAT standard rate 18% 4% +14.0 points

Detailed schedules

Corporate income tax

Georgia

Distributed profits Estonian model 15%
Reinvested profits tax deferred with no time limit 0%

North Korea

n/a

See the Georgia page See the North Korea page