PY · AmericasGB · Europe
Paraguay vs United Kingdom: tax rates compared
United Kingdom has an income tax rate of 45%, 35pp above Paraguay's 10%. The 200-country average is 28%: Paraguay sits below it, United Kingdom sits above it. Paraguay's figure is dated 2026-02-07 and United Kingdom's 2025-01-01, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | PY | GB | Difference |
|---|---|---|---|
| Income Tax | 10% | 45% | GB +35 pplargest gap |
| Corporate Tax | 10% | 25% | GB +15 pp |
| VAT | 10% | 20% | GB +10 pp |
| Capital Gains Tax | 8% | 24% | GB +16 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| United Kingdom | 45% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −35 pp | United Kingdom higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Paraguay | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| United Kingdom | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −15 pp | United Kingdom higher |
United Kingdom has a corporate tax rate of 25%, 15pp above Paraguay's 10%. The 201-country average is 22.6%: Paraguay sits below it, United Kingdom sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Paraguay | 10% | Source: PWC Worldwide Tax Summaries — Paraguay (Corporate, Other taxes) · as of 2026-02-07 |
| United Kingdom | 20% | Source: PWC Worldwide Tax Summaries — United Kingdom (Corporate, Other taxes) · as of 2025-12-24 |
| Difference | −10 pp | United Kingdom higher |
United Kingdom has a VAT rate of 20%, 10pp above Paraguay's 10%. The 181-country average is 15%: Paraguay sits below it, United Kingdom sits above it. Paraguay's figure is dated 2026-02-07 and United Kingdom's 2025-12-24, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Paraguay | 8% | Source: PWC Worldwide Tax Summaries — Paraguay (Individual, Taxes on personal income) · as of 2026-02-07 |
| United Kingdom | 24% | Source: GOV.UK (HMRC) — Capital Gains Tax: rates · as of 2024-10-30 |
| Difference | −16 pp | United Kingdom higher |
United Kingdom has a capital gains tax rate of 24%, 16pp above Paraguay's 8%. The 175-country average is 10.3%: Paraguay sits below it, United Kingdom sits above it. Paraguay's figure is dated 2026-02-07 and United Kingdom's 2024-10-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Paraguay | 0% | Source: PWC Worldwide Tax Summaries — Paraguay (Net wealth/worth tax rates) · as of 2026-02-07 |
| United Kingdom | 0% | Source: PWC Worldwide Tax Summaries — United Kingdom (Individual, Other taxes) · as of 2025-12-24 |
| Difference | 0 pp | displayed rates match |
Paraguay and United Kingdom share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Paraguay's figure is dated 2026-02-07 and United Kingdom's 2025-12-24, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.