The Maximum Corporate, Personal Income, VAT, Dividend, and Capital Gains Tax Rates of 51 European Countries and Territories

  • Post category:Articles
  • Post last modified:March 6, 2023

I have been diving deep into taxes lately and created a fun Google sheet where you can find:

  • The maximum corporate tax rate
  • The maximum personal income tax rate
  • The maximum/standard VAT rate
  • The standard/max dividend tax rate
  • The standard/max capital gains tax rate

…of 51 European countries and territories.

Then you can play with the filters and see who’s got the highest for each.

I also created a “theft score” that looks at how much money you are left with once your company and you have paid the highest corporate and personal income tax rates on €100. The formula is [100*(1-corp.tax.rate)]*(1-pers.inc.tax.rate).

Eg: if you are in a place where corporate taxes are 10% and personal income taxes are 20%, then:

[€100*(1 – 10%)] * (1-20%) = €72

The theft score corresponds to the money the state leaves you with. The higher it is, the lower the taxes!

If you want to import the sheet into your own account, this video explains how to do so.

NB 1: The dividend tax rate is not super precise as in some cases, it’s paid by the company (must differentiate foreign VS local company) and in other cases, it’s paid by the person (must differentiate between resident VS non-resident). In Estonia for example, dividends are taxed by 14% on the companies, but Estonian fiscal residents don’t need to pay taxes on the dividends they receive (from Estonian companies).

NB 2: The sheet overall gives an indication of the tax rates in place in each country, but tax law in general is so complicated and specific that you shouldn’t spend too much time on the sheet. I found ChatGPT to be great at explaining how tax systems work in different countries.

CountryMax Corporate Tax RateMax Personal Income Tax RateTheft scoreIn the EUIn Schengen
Vatican0%0%100NoYes
Andorra10%10%81NoYes
Bosnia and Herzegovina10%10%81NoNo
Bulgaria10%10%81YesNo
Liechtenstein12.50%8%80.5NoYes
Guernsey0%20%80NoNo
Isle of Man0%20%80NoNo
Jersey0%20%80NoNo
Moldova12%12%77.44NoNo
Hungary9.00%15%77.35YesYes
North Macedonia10.41%15%76.1515NoNo
Montenegro15%15%72.25NoNo
Romania16%16%70.56YesNo
Gibraltar12.50%20%70NoNo
Russia20%13%69.6NoNo
Serbia15%20%68NoNo
Ukraine18%18%67.24NoNo
Monaco33.33%0%66.67NoYes
Belarus24%13%66.12NoNo
Croatia18%20%65.6YesYes
Faeroe Islands18%20%65.6NoYes
Albania15%23%65.45NoNo
Estonia20.00%20%64YesYes
Switzerland21.00%19.00%63.99NoYes
Czech Republic19.00%23%62.37YesYes
Slovakia21.00%25%59.25YesYes
Lithuania15.00%32%57.8YesYes
Cyprus12.50%35%56.875YesYes
Latvia20.00%31%55.2YesYes
San Marino17%35%53.95NoYes
Poland19.00%36%51.84YesYes
Turkey20%40%48NoNo
Norway22.00%39.40%47.268NoYes
Ireland12.50%48%45.5YesNo
United Kingdom20.00%45%44NoNo
Malta35%35%42.25YesYes
Luxembourg24.90%45.80%40.7042YesYes
Slovenia19.00%50%40.5YesYes
Finland20.00%51.20%39.04YesYes
Italy27.80%47.20%38.1216YesYes
Netherlands25.00%49.50%37.875YesYes
Sweden20.60%52.30%37.8738YesYes
Germany29.90%47.50%36.8025YesYes
Iceland20.00%56.20%35.04NoYes
Greece24.00%54%34.96YesYes
Belgium25.00%53.50%34.875YesYes
Spain25.00%54%34.5YesYes
Denmark22.00%55.90%34.398YesYes
Austria25.00%55%33.75YesYes
Portugal31.50%53%32.195YesYes
France28.40%55.40%31.9336YesYes
The Maximum Corporate and Personal Income Tax Rate of 51 European Countries
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This Post Has 2 Comments

  1. glaterza

    Interesting info!
    BTW, I think Cyprus is missing, an interesting country to take into account.