SO · AfricaES · Europe
Somalia vs Spain: tax rates compared
Spain has an income tax rate of 48.6%, 30.6pp above Somalia's 18%. The 200-country average is 28%: Somalia sits below it, Spain sits above it.
Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | SO | ES | Difference |
|---|---|---|---|
| Income Tax | 18% | 48.6% | ES +30.6 pplargest gap |
| Corporate Tax | 15% | 25% | ES +10 pp |
| Wealth Tax | 0% | 3.5% | ES +3.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Somalia | 18% | Source: Ministry of Finance, Federal Republic of Somalia — Income Tax Manual (for the Income Tax Law 2025 & Income Tax Regulations 2025) · as of 2025-11-01 |
| Spain | 48.6% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −30.6 pp | Spain higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Somalia | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Spain | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −10 pp | Spain higher |
Spain has a corporate tax rate of 25%, 10pp above Somalia's 15%. The 201-country average is 22.6%: Somalia sits below it, Spain sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Somalia | 0% | Source: Somalia Revenue Directorate — Direct Tax · as of 2026-07-18 |
| Spain | 3.5% | Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31 |
| Difference | −3.5 pp | Spain higher |
Spain has a wealth tax rate of 3.5%, 3.5pp above Somalia's 0%. The 193-country average is 0.1%: Somalia sits below it, Spain sits above it. Somalia's figure is dated 2026-07-18 and Spain's 2025-12-31, so the two rates come from different data vintages.
Not covered for both countries yet: VAT, Capital Gains Tax, Crypto Tax.