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The quoted income tax rate is except where noted the top rate of tax.
Income tax rates european countries. 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. Romania 16 however please remember that other taxes apply. Most countries individual income taxes have a progressive structure meaning that the tax rate paid by individuals increases as they earn higher wages. 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.
Today most european countries have rates below 50. In these countries taxes on goods and services tend to be higher than the other eu member states. Some countries also have lower rates of corporation tax for smaller companies. The eu countries with the lowest tax rates for income tax are.
In 1980 the top rates of most european countries were above 60. The top individual income tax rate applies to the share of income that falls into the highest tax bracket. Bulgaria 10 czech republic 15 hungary 15 lithuania 15 and. The threshold at which the top income tax rate applies also plays an important role.
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. Eu countries with the lowest personal income tax.
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