Turkey or Zambia: which taxes less?

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

Level pegging: Turkey and Zambia weigh about the same on the taxpayer.

Tax Turkey Zambia Gap
Corporate income tax headline rate 25% 30% −5.0 points
Personal income tax top bracket 15% to 40% 0% to 37% +3.0 points
VAT standard rate 20% 16% +4.0 points

Detailed schedules

Corporate income tax

Turkey

General rate 25%
Financial sector Banks, insurance, finance companies 30%

Zambia

General rate 30%
Telecommunications 35%
Agriculture and agro-processing 10%

Personal income tax

Turkey

n/a

Zambia

Up to 61,200 ZMW 0%
61,201 to 85,200 ZMW 20%
85,201 to 110,400 ZMW 30%
Over 110,400 ZMW 37%
See the Turkey page See the Zambia page