Taxes Across Asia

The old saying about death and taxes is as true today as it ever was. Income taxes, corporate taxes and increasingly sales taxes such as VAT (Value Added Tax) or GST (Goods & Services Tax) make up a significant portion of government’s budgets.

Taxes are a necessary evil to fund roads, healthcare, defense and other costs, however the tax burden placed on citizens and consumers across Asia pacific varies greatly so we thought this Infographic on the rate of consumption taxes by country was incredibly useful.