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Tax rates in Europe

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Tax rates in Europe
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{{refimprove|date=August 2014}}{{Taxation}}File:Payroll and income tax by country.png|thumb|260px|right|Payroll and income taxincome taxThis is a list of the maximum potential tax rates around Europe for certain income brackets. It is focused on three types of taxes: corporate, individual, 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.

Summary list

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. In 1980, the top rates of most European countries were above 60%. Today most European countries have rates below 50%.NEWS,weblink Tax Policy Center, Top Marginal Personal Income Tax Rates, 2008, 2011-12-26, {| class="wikitable sortable"! Country! data-sort-type="number" |Corporate tax! data-sort-type="number" |Maximum income tax rate! data-sort-type="number" |Standard VAT rate
AlbaniaHTTP://FITA.ORG/COUNTRIES/WEBSITE=FITA.ORG, | 15%ACCESSDATE=2017-02-22, Tatimi mbi të Ardhurat Personale nga paga, | 20%
|Andorra|10%|10%|4.5%
| Austria| 25%| 55%New maximum tax rate from 2016-2020,"Einkommenssteuergesetz 1988 § 33","https://www.ris.bka.gv.at/Dokument.wxe?Abfrage=Bundesnormen&Dokumentnummer=NOR40174043, consulted 11 July 2016.| 20%All current EU standard rates updated Nov 2014, EU VAT rates as at November 2014,weblink consulted 5 January 2015. (Reduced rates 10% + 13%)"EU VAT Rates", All EU vat rates current and historical.
| Belarus| 18%| 15%| 20%
BelgiumHTTP://WWW.RSZ.FGOV.BE/EN/EMPLOYERS-AND-NSSO/DECLARATIONS-CONTRIBUTIONS-AND-OBLIGATIONS ACCESS-DATE=2016-05-16 ARCHIVE-DATE=2016-05-29 DF=, FIRST=FLANDERSDATE=26 JULY 2017, vrtnws.be, | 50% (excluding 13.07% social security paid by the employee and also excluding 32% social security paid by the employer)|21% (Reduced rates of 6% and 12%)
Bosnia and HerzegovinaHTTP://RECONSTRUCTION.PORESKAUPRAVARS.ORG/WEBSITE=RECONSTRUCTION.PORESKAUPRAVARS.ORG, HTTP://WWW.PUFBIH.BA/V1/PUBLIC/UPLOAD/ZAKONI/4FB22-PRAVILNIK-O-NACINU-OBRACUNAVANJA-I-UPLATE-DOPRINOSA-PRECISCEN-TEKST.PDF >TITLE=DATA FORMAT=PDF, HTTPS://WWW.LLOYDSBANKTRADE.COM/EN/MARKET-POTENTIAL/BOSNIA-AND-HERZEGOVINA/TAXES>TITLE=TAX RATES IN BOSNIA AND HERZEGOVINA - BUSINESS ENVIRONMENT - LLOYDS BANK INTERNATIONAL TRADE PORTAL, www.lloydsbanktrade.com, | 10%| 10%| 17%
BulgariaHTTPS://WWW.NYTIMES.COM/WEBSITE=WWW.NYTIMES.COM, | 10%ACCESS-DATE=2017-09-14 ARCHIVE-DATE=2017-09-15 DF=, | 20% (Reduced rates 9%)
|Chile|25%|44%|19%
| Croatia| 18% (Reduced rate 12% for small business)| 40% (excluding 35.2% total sum of insurances levied on income)| 25% (Reduced rates 13% + 5%)(Reduced rates 9%)
| Cyprus| 12.5%| 35%| 19% (Reduced rates 5% + 9%)(Reduced rates 9%)
| Czech Republic| 19%| 53.5% (15% income tax + 6.5% by employee + 25% by employer (2.3% healthcare + 21.5% social security + 1.2% state policy of employment) + 7% solidarity contribution (assuming income is above 1 277 328 CZK per year))| 21% (reduced rates of 15% and 10%)
| Denmark| 22%|51.95% (including 8% social security paid by the employee but excluding 0.42–1.48% church tax imposed on members of the national Church of Denmark)| 25% (reduced rate 0% on transportation of passengers and newspapers normally published at a rate of more than one issue per month)
| Estonia
LAST=ANDMEVARAWEBSITE=WWW.RIIGITEATAJA.EE, 2016-11-26, | 20% (+ 2.4% of unemployment insurance tax, 0.8% paid by employer, 1.6% paid by employee and 33% social security which is paid before gross wage by employer) around 57,8% in total| 20% (reduced rate 9%)
| Finland | 20%
weblink {{en icon}}HTTPS://WWW.AAMULEHTI.FI/A/200785052WEBSITE=WWW.AAMULEHTI.FI, HTTPS://WWW.VERO.FI/SYVENTAVAT-VERO-OHJEET/OHJE-HAKUSIVU/48846/VALTION-TULOVEROASTEIKKO-2018/>TITLE=VALTION TULOVEROASTEIKKO 2018, Verohallinto, social insurance fees, employee unemplayment payment and employer unemployment payment, which is on average 18% (2018).WEBSITE=VEROHALLINTO, (reduced rate of 14% for groceries and restaurants, 10% for books, medicine, transport of passengers and some others)
| France
PUBLISHER=FRENCH GOVERNMENTACCESSDATE=2014-03-20, PUBLISHER=KPMGACCESSDATE=2013-07-10, + social security and social contribution taxes at various rates, for example 17,2 % for capital gains, interests and dividends.PUBLISHER=FRENCH GOVERNMENTACCESSDATE=2014-03-20,
| Germany| 22.825% (few small villages) to 32.925% (in Munich) depending on the municipality. This includes the 15% CIT, 5.5% solidarity surcharge plus the trade tax payable to the municipality.| 47.475% which includes 45% income tax and 5.5% solidarity surcharge based on the total tax bill for incomes above €256,304. The entry tax rate is 14% for incomes exceeding the basic annual threshold of €9,000.| 19% (reduced rate of 7% applies e.g. on sales of certain foods, books and magazines, flowers and transports)
Georgia (country)>Georgia|15%|20%|18%
| Greece| 28%| 65.67% (45% for >€40,000+ 7.5% Solidarity Tax for >€40000)+(26.95% Social Security for employees or up to 47.95% for private professionals)| 24% (Reduced rates 13% and 5%)
| Hungary| 9%
PUBLISHER=NATIONAL TAX AND CUSTOMS ADMINISTRATION, 2018-11-26, Employer: 17.5% Social Tax, 1.5% Labour Contribution of the monthly gross salaryWEB,weblink Hungary, KPMG International Cooperative, 2019, 2019-07-25, PUBLISHER=REALDEAL.HU ACCESSDATE=2011-05-12, HTTP://WWW.XE.COM/NEWS/2011-09-16%2010:53:00.0/2161365.HTM >TITLE=HUNGARY PLANS BIGGER BUDGET CUTS, VAT HIKE TO 27 PCTACCESSDATE=2012-01-03, (Reduced rates 18% and 5%)
| Iceland
ACCESS-DATE=2014-03-13 ARCHIVE-DATE=2014-03-14 DF=, WEBSITE=RíKISSKATTSTJóRI, | 24% (12% reduced rate)
Republic of Ireland>Ireland| 12.5% for trading income 25% for non-trading income| 40% over €34,550 for single, €42,800 for married taxpayers.Plus USC(Universal Social Charge)4.5% on income up to €50,170 and 8% on balance. Social insurance 4%NEWSPAPER=IRISH TIMES ACCESSDATE=2011-12-07,
|Isle of Man
WEBSITE=WWW.GOV.IMACCESS-DATE=2018-03-23, |20% plus national insurance of under 12.8%WEBSITE=WWW.GOV.IMACCESS-DATE=2018-03-23,
| Italy| 27.9% (24% plus 3.9% municipal)| 45.83% (43% income tax + 2.03% regional income tax + 0.8% municipal income tax)| 22% (Reduced rates 10%, 5%, 4%)
| Latvia| 20% CIT on distributed profit. 0% on undistributed profits. 15% on small businessescalled "mikrouzņemums", less than €40 000/year
weblink 35.09%(social insurance)HTTPS://WWW.VSAA.GOV.LV/EN/SERVICES/FOR-EMPLOYEES/CONTRIBUTIONS/LAST=DATE=17 JANUARY 2018LANGUAGE=ENARCHIVE-DATE=ACCESS-DATE=2018-02-27, Total up to 55.09%PUBLISHER=LIKUMI.LV DATE=14 DECEMBER 2012, 28 December 2013,
| Liechtenstein| 12.5% (The reduced corporate tax rate of 2.5% on Intellectual Property in Liechtenstein was abolished in 2017, with a phase out period for the old regime until 2020.)| 28% (max. 8% national and 20% municipal income tax) plus 4% of the taxpayer's net worth is subject to the same rate as wealth tax. 0% on capital gains.| 8% / 2.5% (till 31.12.2017)7.7% / 2.5% (from 01.01.2018)WEB,weblink Suche - Konsolidiertes Recht - Lilex - Gesetzesdatenbank des Fürstentum Liechtenstein, www.gesetze.li,
| Lithuania
WEBSITE=WWW.TAX.LT, annual tax allowance for children is €2,400 (per child)| 21% (Reduced rates 5%, 9%)
| Luxembourg| 29.22% (commercial activity); 5.718% on intellectual property income, royalties.
ACCESS-DATE=2014-06-27 ARCHIVE-DATE=2014-11-14 DF=, | 17% (Reduced rates 3%, 8%, 14%)
Republic of MacedoniaHTTP://INVESTINMACEDONIA.COM/DEFAULT.ASPX?ITEM=MENU&ITEMID=705&THEMEID=313PUBLISHER=, | 10%PUBLISHER=PUBLIC REVENUE OFFICE, MACEDONIAACCESSDATE=2014-09-15, (includes income tax 10%, mandatory state pension 18%, mandatory public health insurance 7.3%, mandatory unemployment insurance 1.2%, mandatory personal injury insurance 0.5%)| 18%
| Malta
ACCESS-DATE=2014-03-13 ARCHIVE-DATE=2014-03-14 DF=, )| 35%| 18% (Reduced rates 5%, 7%)
| Monaco
75% revenue within Monaco) or 33.33%HTTPS://EN.SERVICE-PUBLIC-ENTREPRISES.GOUV.MC/TAX/OTHER-TAXES-AND-DUTIES/TAXES-ON-PROFITS/CORPORATE-INCOME-TAXWEBSITE=EN.SERVICE-PUBLIC-ENTREPRISES.GOUV.MC, | |
| Montenegro
ACCESS-DATE=2013-07-11 ARCHIVE-DATE=2013-12-06 DF=, | 12.65% (11% income tax + 15% of the income tax bill to the municipality)| 17%
| Netherlands
PUBLISHER=, WEBSITE=WWW.BELASTINGDIENST.NL, (57.75% including income dependent tax reduction for incomes between €68,508-90,710)HTTPS://WWW.BELASTINGDIENST.NL/WPS/WCM/CONNECT/BLDCONTENTNL/BELASTINGDIENST/PRIVE/INKOMSTENBELASTING/HEFFINGSKORTINGEN_BOXEN_TARIEVEN/HEFFINGSKORTINGEN/ARBEIDSKORTING/TABEL-ARBEIDSKORTING-2019>TITLE=TABEL ARBEIDSKORTING 2019, www.belastingdienst.nl, LAST=DATE=ARCHIVE-URL=DEAD-URL=, (reduced rate of 9% and 0% for some goods and services)
NorwayHTTP://WWW.REGJERINGEN.NO/EN/DEP/FIN/SELECTED-TOPICS/ECONOMIC-POLICY/TOPICS/THE-NORWEGIAN-TAX-REFORM-2004-2006.HTMLPUBLISHER=, HTTP://WWW.SKATTEETATEN.NO/TEMPLATES/BROSJYRE.ASPX?ID=7160>TITLE=SKATTEETATEN – GUIDE TO VALUE ADDED TAX IN NORWAY, FIRST=DATE=8 OCTOBER 2018, Regjeringen.no, | 46.4% (53.0% including 14.1% social security contribution by employer. All taxes include 8.2% pension fund payments). | 25% (reduced rate of 15% for groceries, and 10% for transport and culture.)
| Poland| 19% (Reduced rate 9% for small business since 01.01.2019)| 32% | 23% (reduced rates of 5% and 8%)
| Portugal| 21%| 82.75% where 48% + 3% special contribution Income tax and (additional contributions at 11% Social Security by employee and 23.75% Social Security by employer)| 23% (reduced rates 13% and 6%)
| Romania| Revenue €1m: 16% on profit
WEBSITE=LEGISLATIAMUNCII.MANAGER.RO, WEBSITE=WWW.AVALARA.COM,
| Russia| 20%| 13% | 20%
| Serbia| 15%
WEBSITE=Пореска управа, HTTP://WWW.MENA.RS/CMS/INDEX.PHP?OPTION=COM_CONTENT&VIEW=ARTICLE&ID=161:KALKULATOR-ZA-OBRAUN-PLATE&CATID=35:AUTORSKICLANCI&ITEMID=91>TITLE=KALKULATOR ZA OBRAčUN PLATEWEBSITE=PRAKSA.RS, | 20%
| Slovakia
DATE=23 FEBRUARY 2018, KPMG, | 50% (income tax 19% + 25% for the part of annual income greater than € 35,022.31; additional contributions at 4% mandatory health insurance by employee and 10% by employer, 9.4% Social Security by employee and 25.2% by employer)| 20% (10% reduced rate)
SloveniaHTTP://WWW.DURS.GOV.SI/EN/PUBLISHER=, | 19%| 50%| 22% (reduced rate 9.5%) – from 1 July 2013
| Spain| 25%| 45% maximum Income tax rate. Not including employee contribution of 6.35% Social Security tax, 4.7% pension contribution tax, 1.55% unemployment tax, 0.1% worker training tax. Not including employer contribution of 23.6% Social security tax, 5.5% unemployment tax, 3.5% (or more) workers comp tax, worker training tax .06%, 0.2% FOGASA tax (employment tax in case of company bankruptcy). | 21% (reduced rates 10% and 4%)
| Sweden| 22% (21.4% 2019, 20.6% 2021)
WEBSITE=EKONOMIFAKTA, | 25% (reduced rates 12% and 6%)
| Switzerland| 16.55%
PUBLISHER = NEUER ZüRCHER ZEITUNGACCESSDATE=2017-02-03, | 8% / 2.5% (till 31.12.2017)7.7% / 2.5% (from 01.01.2018WEB,weblink Swiss voters approve VAT rate increase, Meridianglobalservices.com, 2011-05-12,
| Ukraine| 18%| 17% | 20%
| United Kingdom
WEBSITE=GOV.UK, | 47% (45% income tax + 2% NI) - theoretically, NI could reach 12%, but in practice it's never combined with the higher income tax rate62% for earnings between £100,000 - £123,000 (40% higher rate tax + removal of tax free personal allowance + 2% NI)45% (additional rate) income tax on annual income above £150,000, 40% (higher rate) between £43,001 and £150,000, 20% (basic rate) between £0 and £43,000. There is also a National Insurance levy between 2% and 13.8% for employees and self-employed individuals but capital gains and dividend income is not subject to NI. The first £11,000 is tax-free if your annual income is below £100,000.Capital gains is taxed at 10% (or 18% on residential property) for basic rate taxpayers and 20% (or 28% on residential property) for higher and additional rate taxpayers. Dividend income from UK companies is taxed at 7.5% for basic rate taxpayers, 32.5% for higher rate taxpayers and 38.1% for additional rate taxpayers.| 20% (reduced rate of 5% for home energy and renovations, 0% for life necessities – groceries, water, prescription medications, medical equipment and supplies, public transport, children's clothing, books and periodicals)

Per country information: income tax bands

Austria

Austrian income taxation is determined by §33 of Austrian Income Tax Code (Einkommensteuergesetz - EStG){| class="wikitable"!Annual Income [€]!Taxation Rate [%]
|0 - 11,000|0
|11,001-18,000|25
|18,001-31,000|35
|31,001-60,000|42
|60,001 - 90,000|48
|>90,000|50
Until the end of the year 2020 an additional tax (55%) will affect income of over 1 million €.

Denmark

Finland

The total Finnish income tax includes the income tax dependable on the net salary, employee unemployment payment, and employer unemployment payment. The tax rate increases very progressively rapidly at 13 ke/year (from 25% to 48%) and at 29 ke/year to 55% and eventually reaches 67% at 83 ke/year, while little decreases at 127 ke/year to 65%. The middle-income person will get 44 euros from every 100 euros the employer puts on the work. The GP will then again get from every extra 100 euros that the employer puts on the work only 33 euros. Some sources do not include the employer unemployment payment, for instance Veronmaksajat -organisation. WEB,weblink Palkansaajan veroprosentit, Veronmaksajain Keskusliitto ry, WEB,weblink Palkkakuitti 2019, Veronmaksajain Keskusliitto ry, {|class="wikitable"! Annual income at! Tax rate (including employer unemployment payment)
| €13,000| 25%
| €33,000| 57%
| €47,000| 60%
| €83,000| 67%
| €94,000| 66%
| €127,000| 65%

France

Income tax in France depends on the number of people in the household. The taxable income is divided by the number of persons belonging to the household. Each adult counts as one person while the first two children count as half each. From the third child onwards each child counts as one person. Therefore, a household comprising 2 adults and 3 children is considered to be a household of 4 persons for tax purposes.The rates below do not include the 17% social security contributions.{|class="wikitable"! Annual income Above! Annual income below! Tax rateWEB,weblink Archived copy, 2012-04-18, yes,weblink" title="web.archive.org/web/20120526093504weblink">weblink 2012-05-26,
| €0 | €5,963 | 0%
| €5,963 | €11,896 | 5.5.%
| €11,896 | €26,420 | 14%
| €26,420| €70,830 | 30%
| €70,830 | - | 41%

Germany

German income tax comprises 5 income tax bands, with the first two being based on a totally Progressive tax rate and the rest being flat rate. Taxable income is derived after subtracting personal and child allowances from earned income. In addition a number of other deductions may be claimed by German taxpayers.
  • Personal allowance: €9,000 per adult
  • Child allowance: €7,428 per child
{|class="wikitable" style="text-align:center"! Annual income above! Annual income below! Marginal tax rate 2018{de}weblink
| €0 | €9,000 | 0%
| €9,000 | €13,996 | 14% − 23.97%
| €13,996 | €54,949 | 23.97% − 42%
| €54,949 | €260,532| 42%
| €260,532 | -| 45%
In Germany, married couples are taxed jointly. This means that the tax liability for the couple is twice the amount resulting from the tariff when inserting the average income of both spouses. Due to the progressive tariff, filing jointly uniformly reduces the total tax burden if spouses' incomes differ.

Italy

  • Personal Allowance: €800 per adult{{citation needed|date=June 2014|reason=linked article cites a source but that source does not mention €800; we need a precise source for this}}
  • Allowance per child: €1,120 {|class="wikitable"! Annual income Above! Annual income below! Tax rateWEB, Redazione internet Agenzia Entrate,weblink Agenzia delle Entrate - Income tax for individuals, .agenziaentrate.gov.it, 2014-04-15, yes,weblink" title="web.archive.org/web/20140413131032weblink">weblink 2014-04-13,
    | €0 | €15,000 | 23%
    | €15,000 | €28,000 | 27%
    | €28,000 | €55,000 | 38%
    | €55,000 | €75,000 | 41%
    | €75,000| - | 43%

    Netherlands

    Income tax in the Netherlands (Loonheffing) and social security contributions are combined in one payroll tax. There are no personal tax-free allowancesThe latest scales for the tax year 2019. Note that scale 2 and 3 are effectively the same (but have a different proportion of social security to 'loonheffing' ratio). The plan is to merge it into two scales by 2021.:{|class="wikitable"! Annual income Above! Annual income below! Tax rate (including employee social security)
    | €0 | €20,384| 36,65%
    | €20,385| €34,300| 38,1%
    | €34,301| €68,507 | 38,1%*
    | €68,508 | -| 51,75%*
    Without effect income dependent deductions for incomes up to €90,710

    Portugal

    Income tax in Portugal depends on the number of people in the household. The taxable income is calculated based on the number of household and marital status.{| class="wikitable"!Taxable income!Tax on this income
    |Up to €7,091|14.5%
    |€7,091 and €10,700|23%
    |€10,700 and €20,261|28.5%
    |€20,261 and €25,000|35%
    |€25,000 and €36,856|37%
    |€36,856 and €80,640|45%
    |€80,640 and €250,000|50.5%
    |Over €250,000|53%
    The above values include the special solidarity income tax.To the above taxes should be added 11% of social securtity contribution by the employee.

    Spain

    Spanish income tax includes a personal tax free allowance and an allowance per child. In 2012 a special temporary surcharge was introduced as part of austerity measures to balance the budget.The personal allowance currently stands at €5,151.
    • 1st child €1,836
    • 2nd child €2,040
    • 3rd child €3,672
    • 4th & subs €4,182 {|class="wikitable"! Annual income above! Annual income below! Tax rate (excluding temporary surcharge)! Tax rate (including temporary surcharge)WEB,weblink ¿Cuántos impuestos tendrás que pagar de más? Mira aquí la tabla por tramos del IRPF, Abc es /, Madrid, ABC.es,
      | €0 | €5,150 | 0%| 0%
      | €5,150 | €17,707.20 | 24%| 24.75%
      | €17,707.20 | €33,007.20 | 28%| 30%
      | €33,007.20 | €53,407.20 | 37%| 40%
      | €53,407.20 | €120,000.20 | 43%| 47%
      | €120,000.20 | €175,000.20 | 44%| 49%
      | €175,000.20 | €300,000.20 | 45%| 51%
      | €300,000.20| - | 45%| 52%

      United Kingdom

      Income tax for the United Kingdom is based on 2019/20 tax bands. The current tax free threshold on earnings is £12,500. The relief is tapered by £1 for every £2 earned over £100,000.{|class="wikitable"! colspan=2|Annual income! rowspan=2|Tax rateWEB,weblink Income Tax rates and Personal Allowance, gov.uk, 2019-06-01,
      !Above!Up to
      | —| £12,500| 0%
      | £12,500| £50,000| 20%
      | £50,000| £150,000| 40%
      | £150,000| —| 45%

      See also

      References

      {{Reflist|30em}}

      Sources

      External links

      {{Taxation in Europe}}

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      - "Tax rates in Europe" does not exist on GetWiki (yet)
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