Income Tax Rates Europe

Some countries also have lower rates of corporation tax for smaller companies.

Income tax rates europe. Organisation for economic co operation and development. 14 9 169 are free of income tax 47 475 45 income tax 5 5 solidarity surcharge based on the total tax bill 19 standard rate 7 reduced rate taxation in germany georgia. Accessed may 26 2020. While almost all of eastern europe offers rather reasonable tax.

The quoted income tax rate is except where noted the top rate of tax. Ireland has two tax brackets. Montenegro boasts the lowest headline personal income tax and corporate income tax rates in europe both pegged at a flat 9. Regional and municipal taxes apply approximately 3.

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. Today most european countries have rates below 50. The threshold at which the top income tax rate applies also plays an important role. Most jurisdictions have lower rate of taxes for low levels of income.

Italy has a grading tax scale starting at 23 for incomes up to 15 000 for a maximum of 43 for incomes over 75 001. 620 000 by lowering tax rates. There s a flat 15 tax rate on all income. In 2000 the average corporate tax rate was 31 6 percent and has decreased consistently to its current level of 21 9 percent.

Like many of its western balkan neighbors montenegro has sought to attract business to its small country population. There is a flat tax rate of 23. Countries tax labor income in various ways through payroll taxes personal income taxes and in some cases surtaxes. In 1980 the top rates of most european countries were above 60.

From 2017 to 2020 ten european countries in the oecd changed their top personal income tax rates. 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. 20 up to 33 800 and 40. The czech republic 31 1 percent estonia 32 4 percent and hungary 33 5 percent had the lowest rates.

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. The countries with the highest top income tax rates are slovenia 61 1 percent portugal 61 0 percent and belgium 60 2 percent. 0 15 on distribution of profit 20 5 on dividend interest and royalty 20 5 on dividend interest and royalty 18 taxation in georgia ghana. Slovenia 61 1 percent belgium 60 2 percent and sweden 60 2 percent had the highest top marginal income tax rates among european oecd countries in 2019.