Income Tax Rates Of European Countries

It is the 45th largest economy in the world and the tax rate is 56 5.

Income tax rates of european countries. Portugal is a developed country with a high income rate. Most jurisdictions have lower rate of taxes for low levels of income. Tax structures tend to be quite different among member states. The highest tax rate individuals pay differs significantly across european oecd countries as shown in today s map.

At a flat 10 bulgaria has the european union s lowest personal income tax rates. Those countries with lower income tax tend to have higher indirect tax duties vat or higher social contributions. 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.

Another european nation follows sweden closely in the income tax rate. 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. In 1980 the top rates of most european countries were above 60. The quoted income tax rate is except where noted the top rate of tax.

The aim is to make them fair efficient and growth friendly. The top individual income tax rate applies to the share of income that falls into the highest tax bracket. The countries with the highest top income tax rates are slovenia 61 1 percent portugal 61 0 percent and belgium 60 2 percent. As of 2016 the average personal income tax rate in the eu was 39 while corporate income tax was 22 5 on average source.

Some countries also have lower rates of corporation tax for smaller companies. This is important to ensure clarity on the taxes paid by people who move to another eu country or businesses that invest across borders. 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 threshold at which the top income tax rate applies also plays an important role.

A comparison of tax rates by countries is difficult and somewhat subjective as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub national unit. 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. 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.