Madeira or U.S. Virgin Islands: which taxes less?

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

Level pegging: Madeira and U.S. Virgin Islands weigh about the same on the taxpayer.

Tax Madeira U.S. Virgin Islands Gap
Corporate income tax headline rate 14.7% 21% to 23.1% −8.4 points
Personal income tax top bracket 0% to 45.1% 10% to 37% +8.1 points
VAT standard rate 22% 20% +2.0 points

Detailed schedules

Corporate income tax

Madeira

General regional regime 14.7%
SMEs: first €50,000 profit 11.9%
Madeira International Business Centre guaranteed until 31 December 2033 5%

U.S. Virgin Islands

n/a

See the Madeira page See the U.S. Virgin Islands page