Prime Private Revenue Tax Charges in Europe, 2022

Most international locations’ private revenue taxes have a progressive construction, that means that the tax price paid by people will increase as they earn greater wages. The very best revenue tax price people pay differs considerably throughout European OECD international locations—as proven in at present’s map.

The highest statutory private revenue tax price applies to the share of revenue that falls into the best tax bracket. For example, if a rustic has 5 tax brackets, and the highest revenue tax price of fifty p.c has a threshold of €1 million, every extra euro of revenue over €1 million can be taxed at 50 p.c.

Denmark (55.9 p.c), France (55.4 p.c), and Austria (55 p.c) had the best prime statutory private revenue tax charges amongst European OECD international locations in 2021. Hungary (15 p.c), Estonia (20 p.c), and the Czech Republic (23 p.c) had the bottom private revenue prime charges.

Prime Private Revenue Tax Charges in Europe
European OECD Nation Prime Statutory Private Revenue Tax Price
Austria (AT) 55.0%
Belgium (BE) 53.5%
Czech Republic (CZ) 23.0%
Denmark (DK) 55.9%
Estonia (EE) 20.0%
Finland (FI) 51.2%
France (FR) 55.4%
Germany (DE) 47.5%
Greece (GR) 54.0%
Hungary (HU) 15.0%
Iceland (IS) 46.2%
Eire (IE) 48.0%
Italy (IT) 47.2%
Latvia (LV) 31.0%
Lithuania (LT) 32.0%
Luxembourg (LU) 45.8%
Netherlands (NL) 49.5%
Norway (NO) 39.4%
Poland (PL) 36.0%
Portugal (PT) 53.0%
Slovakia (SK) 25.0%
Slovenia (SI) 50.0%
Spain (ES), Valencia 54.0%
Sweden (SE) 52.3%
Switzerland (CH) 44.8%
Turkey (TR) 40.8%
United Kingdom (GB) 45.0%

Supply: PwC, “Worldwide Tax Summaries,” accessed Feb. 1, 2022,

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