WorldTax Compareโ† All Comparisons

Denmark vs Nicaragua
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark
vs
๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
~55.9%
Among world's highest; stable
No change
0โ€“30%
30% top; economic stability fragile
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
25%
No change; EU digital VAT rules expanding
No change
15%
IVA 15% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
22%
Stable; defence spending debate may affect future rates
No change
30%
30% IR maintained
No change
Capital Gains Tax
Capital Gains Tax
27โ€“42%
Progressive rates maintained
No change
15%
15% CGT
No change
Social Security & Payroll
Social Security / Payroll
~8%
Labour market contributions stable
No change
~25.25%
INSS reform pending
No change
State, Regional & Local Taxes

๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark โ€” Municipal Income Tax

Denmark's 98 municipalities set local income tax (kommuneskat) at ~22.8%โ€“27.8%. The national state tax adds 15% (top bracket). Combined rates including AM contribution (8% of gross) make Denmark one of the world's highest-tax nations at ~55โ€“56% effective top. Church tax (~0.7%) applies to members. Property value tax is nationally set.

๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua โ€” Municipal Taxes

Nicaragua's 153 municipalities levy the Impuesto de Matrรญcula (2% of prior revenues), Impuesto Municipal sobre Ingresos (IMI at 1% of monthly revenues), property tax (IBI at 1%), and service fees. Nicaragua under Ortega government has faced significant economic disruption from 2018 protests and subsequent international isolation. The economy has stabilized somewhat but remains one of the poorest in Central America. Tax administration reform has been ongoing with support from international institutions.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Denmark vs Nicaragua: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark has a higher top income tax rate (~55.9% vs 0โ€“30%). ๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Denmark has a higher consumption tax (25% vs 15%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark offers a lower corporate rate (22% vs 30%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ณ๐Ÿ‡ฎ Nicaragua taxes investment gains at a lower rate (15% vs 42%), benefiting investors.

Related Comparisons

๐Ÿ‡จ๐Ÿ‡ฆ Canada vs ๐Ÿ‡ฉ๐Ÿ‡ฐ DenmarkTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡ซ๐Ÿ‡ฎ FinlandTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡ฉ๐Ÿ‡ช GermanyTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡ฎ๐Ÿ‡ธ IcelandTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡ฎ๐Ÿ‡ช IrelandTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡ณ๐Ÿ‡ฑ NetherlandsTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡ณ๐Ÿ‡ด NorwayTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡ธ๐Ÿ‡ช SwedenTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡ฌ๐Ÿ‡ง United KingdomTax comparison๐Ÿ‡ฉ๐Ÿ‡ฐ Denmark vs ๐Ÿ‡บ๐Ÿ‡ธ United StatesTax comparison๐Ÿ‡ฆ๐Ÿ‡ฑ Albania vs ๐Ÿ‡ฉ๐Ÿ‡ฐ DenmarkTax comparison๐Ÿ‡ง๐Ÿ‡พ Belarus vs ๐Ÿ‡ฉ๐Ÿ‡ฐ DenmarkTax comparison