Tax rates of Europe
From Wikipedia, the free encyclopedia
This is a list of tax rates around Europe. 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.
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| Country | Corporate tax | Personal Income tax | VAT |
|---|---|---|---|
| Austria | 25% | 50% | 20% GST |
| Belarus | 24% | 30% | 18% |
| Belgium | 33.99% | 50% | 21% |
| Bosnia and Herzegovina[1] | 30% (10% in Srpska) | 5% Federal + 0%-15% per location | 17% |
| Bulgaria[2] | 10% | 10% | 20% |
| Croatia | 20% | 45% | 22% |
| Cyprus | 10% | 30% | 15% |
| Czech Republic | 24% | 0%-32% | 19% (5% on selected goods and services) |
| Denmark | 25% | 48% | 25% (VAT free on airplanes) |
| Estonia | 22% | 22% | 18% |
| Finland | 26% | 53% | 22% |
| France | 33.33% | 40% | 2.1% (drugs, newspapers, theatres), 5.5% (raw food, books), 19.60% |
| Germany | 15% (federal) | 15 % (initial tax rate) to 45% (top tax rate) | 19% (7% on selected goods and services) |
| Georgia | 20% | 12% | 18% |
| Greece | 29% | 40% | 19% |
| Hungary | 16% | 36% | 20% |
| Iceland | 26% | 45.58% | 24.5% |
| Ireland | 12.50% | 20% (basic), 41% (above €35,400) | 21% |
| Italy | 37.25% | 45% | 20% |
| Latvia | 15% | 25% | 18% (10% and 5 % for certain goods and services) |
| Lithuania | 15% | 35% | 18% |
| Luxembourg | 29.63% | 38.95% | 15% |
| Montenegro | 9%[3] | 15%[4] | 17% (7% for certain goods and services) |
| Netherlands | 25.5% | 52% | 19% (6% for certain goods) |
| Norway[5][6] | 28% | 54.3% | 25%(foodstuffs 13%) |
| Poland | 19% | 40% | 22% |
| Portugal | 27.50% | 42% | 21% |
| Romania | 16% | 16% | 19% |
| Russia | 24% | 13% | 18% |
| Serbia | 10% | 14% | 18% |
| Slovakia | 19% | 19% | 19% |
| Slovenia [7] | 25% | 50% | 20% |
| Spain | 35% | 45% | 16% |
| Sweden | 28% | 55% | 25% (12%/6% for certain goods and services) |
| Switzerland | 25% | 45.5% | 7.6% |
| Ukraine | 30% | 15% [8] | 20% |
| United Kingdom [9] | 19% (basic), 30% (above £1.5m) | 22% (basic), 40% (above £34,600) | 17.5% (some items at 5%) |
[edit] References
- ^ 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
- ^ Hoover Institution - Comments, Essays, and Speeches - The Flat Tax Spreads to Montenegro
- ^ Hoover Institution - Comments, Essays, and Speeches - The Flat Tax Spreads to Montenegro
- ^ The Norwegian tax reform 2004-2006 - regjeringen.no
- ^ Skatteetaten - Guide to Value Added Tax in Norway
- ^ Ministry of Finance - Tax Administration of the Republic of Slovenia
- ^ Flat tax
- ^ Taxation in the United Kingdom
[edit] Sources
[edit] See also
- List of countries by tax revenue as percentage of GDP
- Dividend imputation
- VAT Rates
- Income tax in the Netherlands
- Tax Freedom Day
- Welfare state
- Tax haven
