TAXES IN EUROPE

Most countries of the European Union, especially those with strong economies, have rather high taxes. For example, in Sweden, the maximum rate reaches 57.2%.

Overall in six European countries the maximum income tax rate exceeds 50%. To be fair, it should be noted that the amount of tax deductions from wages in Europe depends not only on income but also on the marital status of the employee, the number of dependents, age, health and some other factors.

Taxex in Europe

Based on official data from European governments and government statistical offices, we will highlight the current tax rates in Europe in 2021.

TAXES IN THE EUROPEAN UNION (2021)

COUNTRY Income tax (%) VAT (basic rate %) Corporate income tax (%)
1. Austria 0-55 20 25
2. Belgium 25-50 21 29,58
3. Bulgaria 10 20 10
4. Croatia 24-36 25 18
5. Cyprus 0-35 19 12.5
6. Czech Republic 15-23 21 19
7. Denmark 8-52.06 25 22
8. Estonia 20 20 20
9. Finland 6-31,25 24 20
10. France 0-45 20 28-31
11. Germany 0-45 19 29,897
12. Greece 9-44 24 24
13. Hungary 15 27 9
14. Ireland 20-40 23 12.5
15. Italy 23-43 22 24
16. Latvia 20-31,4 21 20
17. Lithuania 15 21 15
18. Luxembourg 0-42 17 24.94
19. Malta 0-35 18 35
20. Netherlands 9.45-49.50 21 25
21. Poland 18-32 23 19
22. Portugal 14.5-48 23 21
23. Romania 010/strong> 19 16
24. Slovakia 19-25 20 21
25. Slovenia 16-50 22 19
26. Spain 19-45 21 25
27. Sweden 0-57.2 25 21.4

In conclusion, the European countries with the highest income tax for singles are Germany, Belgium, Lithuania, Denmark, and Slovenia. For married couples with two children, significant deductions are available in Lithuania, Denmark, Finland, and the Netherlands.

Add comment


Security code
Refresh

© 2021 WageCentre.com. All Rights Reserved.