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Countries with a Wealth Tax 2026

Jurisdictions that levy an annual wealth tax, either on an individual’s net assets or on selected assets such as real estate or foreign holdings. Countries with no wealth tax have their own list; this is the other side, with what each one taxes, inheritance tax and the top income tax rate alongside.

7 countries in this list

Short answer: Tax Atlas tracks 7 of 53 jurisdictions that meet this list's criteria: Uruguay, Switzerland, France, Italy, Spain, Netherlands, Dominican Republic. The key figures for each are in the table below.

How This List Works

This page is generated from the TaxAtlas dataset. Rankings use the personal and business scores plus the underlying tax data (rates, foreign income treatment, and key notes). Always verify details using the sources listed on each country page.

1
🇺🇾

Uruguay

South America
TerritorialSpecial Regime
2
🇨🇭

Switzerland

Europe
Low Rate
3
🇫🇷

France

Europe
High Tax Comparator
4
🇮🇹

Italy

Europe
High Tax Comparator
5
🇪🇸

Spain

Europe
High Tax Comparator
6
🇳🇱

Netherlands

Europe
Special RegimeHigh Tax Comparator
7
🇩🇴

Dominican Republic

Caribbean
Territorial

Key figures at a glance

The figures this list is built on, for every country in it. WHT is the standard withholding tax a company pays on outbound payments to non-residents, before any treaty reduction.

CountryWhat is taxedInheritance taxTop income taxCapital gains
UruguaySouth AmericaImpuesto al Patrimonio (IP) — modest wealth tax on net assets above threshold, progressive ratesNo36%0-12%
SwitzerlandEuropeWealth tax varies by canton (0.1-1%)Yes11.5-36%0%
FranceEuropeIFI wealth tax on real estate assets >€1.3M (0.5-1.5%)Yes45%0-34.5%
ItalyEuropeIVIE 0.76% on foreign real estate; IVAFE 0.2% on foreign financial assetsYes43%26%
SpainEuropeWealth tax 0.2-3.5% on net assets (Madrid and Andalusia effectively exempt via 100% bonificación); solidarity tax 1.7-3.5% above €3M, in force indefinitely under Real Decreto-ley 8/2023 pending reform of regional financing.Yes47-54%19-30%
NetherlandsEuropeBox 3 system effectively functions as a wealth tax — assets above the €59,357 (2026) tax-free allowance taxed on a deemed return at 36%, regardless of actual returns. This is effectively 1.5-2%+ of asset value annually.Yes49.5%31%
Dominican RepublicCaribbean1% annual real property tax (IPI) on the value of an individual's real estate above ~DOP 10 million (~USD 165,000)Yes25%27%

Figures come from each country profile in the Tax Atlas dataset; each country page lists its sources and last-updated date. Rates are headline rates for residents; special regimes, treaty rates and local taxes can change the result. Not tax advice: verify with a qualified adviser.

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FAQ

Which countries have a wealth tax?

Of the 53 jurisdictions Tax Atlas tracks, 7 levy some form of annual wealth tax in the dataset: Uruguay, Switzerland, France, Italy, Spain, Netherlands, Dominican Republic. The other 46 have no wealth tax and are on the no wealth tax list.

Do all of these tax total net wealth?

No. Some tax an individual’s net assets above a threshold, while others tax only selected assets, such as real estate, foreign assets or a deemed return on savings. As recorded in the dataset: Uruguay: Impuesto al Patrimonio (IP) — modest wealth tax on net assets above threshold, progressive rates; Switzerland: Wealth tax varies by canton (0.1-1%); France: IFI wealth tax on real estate assets >€1.3M (0.5-1.5%); Italy: IVIE 0.76% on foreign real estate; IVAFE 0.2% on foreign financial assets; Spain: Wealth tax 0.2-3.5% on net assets (Madrid and Andalusia effectively exempt via 100% bonificación); solidarity tax 1.7-3.5% above €3M, in force indefinitely under Real Decreto-ley 8/2023 pending reform of regional financing; Netherlands: Box 3 system effectively functions as a wealth tax — assets above the €59,357 (2026) tax-free allowance taxed on a deemed return at 36%, regardless of actual returns. This is effectively 1.5-2%+ of asset value annually; Dominican Republic: 1% annual real property tax (IPI) on the value of an individual's real estate above ~DOP 10 million (~USD 165,000).

Which countries with a wealth tax also have inheritance tax?

Switzerland, France, Italy, Spain, Netherlands, Dominican Republic also charge inheritance or estate tax in the dataset. Uruguay does not. Rates and exemptions for close family differ widely, so check each country page.

Which European countries have a wealth tax?

In Europe, Switzerland, France, Italy, Spain, Netherlands levy a wealth tax in the dataset; outside Europe, Uruguay, Dominican Republic do too. Tax Atlas tracks 53 jurisdictions, so countries outside the dataset are not covered here.

Does a wealth tax apply to foreigners who move there?

It usually depends on residence. Residents are often taxed on assets worldwide and non-residents only on assets in the country, such as local property, but thresholds, exemptions and newcomer regimes vary. Verify your own position with a qualified adviser.

How are these lists ranked?

Lists are generated from the country dataset using the criteria described on each country page (rates, foreign income treatment, and practical notes). Always confirm details with official sources.

Are these countries “tax free” for everyone?

Not necessarily. Residency rules, source rules, and special regimes vary by person. Use these lists as a starting point and verify your situation with local professionals.

How often is this updated?

We monitor listed sources periodically and update entries when changes are confirmed. Country pages show their last-updated date and citations.

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