Income Tax Rates Across Europe

A comparison of personal tax rates across europe australia and the us by guardian money reveals how average earners in britain on salaries of 25 000 or middle class individuals on 40 000 enjoy among the lowest personal tax rates of the advanced countries while high earners on 100 000 see less of their income taken in tax than.

Income tax rates across europe. This page displays a table with actual values consensus figures forecasts statistics and historical data charts for list of countries by corporate tax rate. The top individual income tax rate applies to the share of income that falls into the highest tax bracket. List of countries by corporate tax rate provides a table with the latest tax rate figures for several countries including actual values forecasts statistics and historical data. For instance if a country has five tax brackets and the top income tax rate of 50 percent has a threshold of 1.

The idea of living in denmark may be quite enticing until you come across the tax rate which could be as high as 56 of personal income. Today most european countries have rates below 50. List of countries by personal income tax rate provides a table with the latest tax rate figures for several countries including actual values forecasts statistics and historical data. This page displays a table with actual values consensus figures forecasts statistics and historical data charts for list of countries by personal income tax rate.

Stood at 13 0 of gdp. The quoted income tax rate is except where noted the top rate of tax. Tax rate starts at 16 for incomes up to 8 021 going up to 50 for incomes over 70 907. The list focuses on the main indicative types of taxes.

The countries with the highest top income tax rates are slovenia 61 1 percent portugal 61 0 percent and belgium 60 2 percent. In 1980 the top rates of most european countries were above 60. Some countries also have lower rates of corporation tax for smaller companies. The threshold at which the top income tax rate applies also plays an important role.

Follow on social media. Some other taxes for instance property tax substantial in many countries such as the united states and payroll tax are not shown here. Estonia 21 3 percent latvia 21 4 percent and the czech republic 31 1 percent have the lowest top income tax rates of all european countries covered. Most jurisdictions have lower rate of taxes for low levels of income.

Corporate tax individual income tax and sales tax including vat and gst but does not list capital gains tax. The highest tax rate individuals pay differs significantly across european oecd countries as shown in today s map. In 2019 tax revenue made up 89 2 of total general government revenue in the european union. This european nation has developed an economy that ranks 18th in the world in terms of gdp per capita and 6th in nominal gdp per capita.