51 European Countries Ranked From Lowest to Highest Taxes in 2023

  • Post category:Articles / Resources
  • Post last modified:April 11, 2023
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Photo by Daniele Buso on Unsplash

Find out which European countries have the lowest taxes and which ones have the highest taxes.

This ranking was based on an indicator called the “theft score”.

The theft score applies the maximum corporate and personal tax rate to 100 and compares how much is subsequently left.

The Vatican, Andorra, Bosnia, and Bulgaria have the lowest corporate and personal tax rates in Europe in 2023.

Denmark, Austria, Portugal, and France have the highest corporate and personal tax rates in Europe in 2023.

Find the ranking below.

CountryTheft score -> = (100*(1-corporate income tax))*(1-personal income tax)Max Corporate TaxMax Personal Income Tax
Vatican1000%0%
Andorra8110%10%
Bosnia and Herzegovina8110%10%
Bulgaria8110%10%
Liechtenstein80.512.50%8%
Guernsey800%20%
Isle of Man800%20%
Jersey800%20%
Moldova77.4412%12%
Hungary77.359.00%15%
North Macedonia76.151510.41%15%
Montenegro72.2515%15%
Romania70.5616%16%
Gibraltar7012.50%20%
Russia69.620%13%
Serbia6815%20%
Ukraine67.2418%18%
Monaco66.6733.33%0%
Belarus66.1224%13%
Croatia65.618%20%
Faeroe Islands65.618%20%
Albania65.4515%23%
Estonia6420.00%20%
Switzerland63.9921.00%19.00%
Czech Republic62.3719.00%23%
Slovakia59.2521.00%25%
Lithuania57.815.00%32%
Cyprus56.87512.50%35%
Latvia55.220.00%31%
San Marino53.9517%35%
Poland51.8419.00%36%
Turkey4820%40%
Norway47.26822.00%39.40%
Ireland45.512.50%48%
United Kingdom4420.00%45%
Malta42.2535%35%
Luxembourg40.704224.90%45.80%
Slovenia40.519.00%50%
Finland39.0420.00%51.20%
Italy38.121627.80%47.20%
Netherlands37.87525.00%49.50%
Sweden37.873820.60%52.30%
Germany36.802529.90%47.50%
Iceland35.0420.00%56.20%
Greece34.9624.00%54%
Belgium34.87525.00%53.50%
Spain34.525.00%54%
Denmark34.39822.00%55.90%
Austria33.7525.00%55%
Portugal32.19531.50%53%
France31.933628.40%55.40%
51 European countries ranked from low to high tax rates.

Source: Tax Foundation, PWC, Deloitte, Wikipedia

Photo by Daniele Buso on Unsplash

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