Tax rates in Europe
This is a list of the maximum potential tax rates around Europe for certain income brackets. It is focused on three types of taxes: corporate and individual taxes and value added taxes (VAT). It is not intended to represent the true tax burden to either the corporation or the individual in the listed country.
The quoted income tax rate is, except where noted, the top rate of tax: Most jurisdictions have lower rate of taxes for low levels of income. Some countries also have lower rates of corporation tax for smaller companies.
 | This article's factual accuracy is disputed. (March 2008) |
| Country | Corporate tax | Maximum Income tax rate | Standard VAT rate |
|---|---|---|---|
| Albania[1] | 10% | 10% | 20% |
| Austria | 25% | 50% | 20% [2] |
| Belarus | 24% | 30% | 20%[1] |
| Belgium | 33.99% | 50% | 21%[2] |
| Bosnia and Herzegovina[3] | 10% | 5% Federal + 0%-15% per location | 17% |
| Bulgaria[4] | 10% | 10% / 15% for self employed individuals | 20%[2] |
| Croatia | 20% | 45% | 23% |
| Cyprus | 10% | 30% | 15%[2] |
| Czech Republic | 21% | 15% | 20%[2] |
| Denmark | 25% | 51.5%[5] At US$75,000 (child allowances and other credits available) additional 15% tax, total = 34.67%, not 51% | 25%[2] |
| Estonia | 21% | 21% | 20%[2] |
| Finland | 26% | 53% | 23%[2][6] |
| France | 33.33% | 41% | 19.6%[2] |
| Germany | 15.825 % (federal) plus 14.35 % to 17.5 % (local) | 45% | 19%[2] |
| Georgia | 20% | 12% | 18% |
| Greece | 25% | 40% | 23%[2] |
| Hungary | 10% | 16% (20.32%, as the 27% social security paid by the employer counts as income as well) [7] | 25%[2][8] |
| Iceland | 18%[9] | 46.28%[9] | 25.5%[9] |
| Ireland | 12.50% | 41% | 21%[2] |
| Italy | 31.4% | 45% | 20%[2] |
| Latvia | 15% | 23% | 22% |
| Lithuania | 20%[10] | 21%[2][11] | 21% |
| Luxembourg | 28.59% | 38.95% | 15%[2] |
| Macedonia[12] | 10% | 10% | 18% |
| Malta | 35% | 35% | 18%[2] |
| Montenegro | 9%[13] | 9%[13] | 17%[13] |
| Netherlands | 25% | 52% [14] | 19%[2] |
| Norway[15][16] | 28% | 54.3% | 25% |
| Poland | 19% | 32% | 23%[2] |
| Portugal | 12.5%-27.5% (Mean tax rate: 15%) | 46.5% | 23% |
| Romania | 16% | 16% | 24%[2][17] |
| Russia | 20% | 13% | 18% |
| Serbia | 10% | 14% | 18% |
| Slovakia | 19% | 19% | 19%[2] (Increasing to 20% from January 2011) |
| Slovenia [18] | 20% | 41% | 20%[2] |
| Spain | 30% (28% Basque Country & Navarra, 4% ZEC companies in Canary Islands) | 45% | 18%[2] |
| Sweden | 26.3% | 56.6% | 25%[2] |
| Switzerland | 25% | 45.5% | 8% [19] |
| Turkey | 20% | 40% | 18% |
| Ukraine | 23%, from 1.01.2012 - 21%, from 1.01.2013 - 19%, from 1.01.2014 - 16% | 15% | 20% |
| United Kingdom | 20%-27% (further annual decreases planned)[20] | 50% [21] | 20%[2] |
See also
- List of countries by tax revenue as percentage of GDP
- VAT Rates
- Tax Freedom Day
- Tax haven
- Tax rates around the world
References
- ^ a b Federation of International Trade Associations : country profiles
- ^ a b c d e f g h i j k l m n o p q r s t u v w x y All current EU standard rates are from European Commission, VAT Rates Applied in the Member States of the European Community, Situation at 1 January 2009, http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/how_vat_works/rates/vat_rates_en.pdf, consulted 23 August 2009.
- ^ Fabel Werner Schnittke - International Consulting and Auditing Company
- ^ Bulgaria cuts corporate tax to 10 percent - iht,business,economics, world economy,Bulgaria Corporate Tax - Business - International Herald Tribune
- ^ "SKAT: Income tax rates". Skat.dk. Retrieved 2011-05-12.
- ^ Change in VAT rates as of 1 July 2010
- ^ http://www.ahkungarn.hu/fileadmin/ahk_ungarn/Dokumente/Bereich_CC/Veranstaltungen/2011/2011-03/2011-03-09_Radnoczy/Valsagado_adovalsag.pdf
- ^ "VAT hike pushes Hungary's consumer price inflation to 5.1% in July". Realdeal.hu. 2009-08-11. Retrieved 2011-05-12.
- ^ a b c [1][dead link]
- ^ Lithuania increases tax rates as recession deepens
- ^ Tax Changes in Lithuania 2009
- ^ Invest in Macedonia | Taxes and Rates
- ^ a b c [2][dead link]
- ^ Dutch Tax Administration, consulted 9 June 2010
- ^ The Norwegian tax reform 2004-2006 - regjeringen.no
- ^ Skatteetaten - Guide to Value Added Tax in Norway
- ^ "Romania plans big VAT rise to secure bail-out funds". BBC News. 2010-06-26. Retrieved 2011-05-12.
- ^ Ministry of Finance - Tax Administration of the Republic of Slovenia
- ^ "Swiss voters approve VAT rate increase". Meridianglobalservices.com. Retrieved 2011-05-12.
- ^ HM Revenue & Customers: Corporation Tax rates
- ^ HM Revenue & Customers: Rates and allowances - Income Tax