Tax rates
All European countries have their own tax rates for corporate taxes (CIT, profit tax), value-added tax (VAT), dividend tax and income tax.
Here you can find an overview of the tax rates in Europe. The difference between the tax rates can be important. This is especially a key point if you or your company wants to operate in a different European country, or when you want to open a new branch of your company. This overview is as up-to-date as possible, but tax rates in Europe change frequently. Furthermore, most countries have different rates for the same taxes. Therefore, the tax rates in this overview are the top rates. Most European countries also have lower rates by volume, source or type of income. Contact our professionals for the most recent information about taxation in other European countries.
Dividend tax is usually limited by tax treaties.
Income tax is in the most countries, as well as in the Netherlands, progressive.
Overview
| Countries | Profit CIT | Turnover V.A.T. | Dividend tax | Income tax |
| Belgium | 20 – 25% | 21% | 30% | 25% – 50% |
| Bulgaria | 10% | 20% | 5% | 10% |
| Canary Islands | 4% | (IGIC) – 7% | 0% | 4% |
| Cyprus | 12,5% | 19% | 17% | 0% – 35% |
| Denmark | 22% | 25% | 27% | 22% – 54,5% |
| Germany | 15% | 19% | 25% | 0% – 45% |
| Isle of Man | 0% | 20% | 0% | 10% – 20% |
| Estonia | 20% | 20% | 20% | 20% |
| Finland | 20% | 24% | 30% – 34% | 0% – 31,25% |
| France | 26,5% | 20% | 12,8% | 0% – 45% |
| Greece | 24% | 24% | 10% | 9% – 44% |
| Guernsey | 0% | 0% | 0% | 20% |
| Hungary | 9% | 27% | 15% | 15% |
| Ireland | 12,5% | 23% | 20% | 20% – 40% |
| Italy | 24% | 22% | 26% | 23% – 43% |
| Jersey | 0% | 5% | 0% | 20% |
| Croatia | 10% | 25% | 10% | 20% – 30% |
| Latvia | 25% | 21% | 20% | 20% – 31% |
| Liechtenstein | 12,5% | 7,7% | 2,5% | 0% – 24% |
| Lithuania | 15% | 21% | 15% | 20% – 32% |
| Luxembourg | 17% – 24,94% | 17% | 15% | 0% – 45,78% |
| Malta | 35% | 18% | 27,5% | 0% – 35% |
| Monaco | 19,6% | 20% | 0% | 19,6% |
| The Netherlands | 15% – 25% | 21% | 26,9% | 37,5% – 49,5% |
| Ukraine | 18% | 20% | 15% | 18% |
| Austria | 25% | 20% | 27,5% | 0% – 55% |
| Poland | 19% | 23% | 19% | 17% – 32% |
| Portugal | 21% | 23% | 28% | 14,5% – 48% |
| Romania | 16% | 19% | 5% | 10% – 48% |
| Russia | 20% | 20% | 13% | 13% – 25% |
| Serbia | 15% | 20% | 15% | 10% – 20% |
| Slovenia | 19% | 22% | 27,5% | 16% – 50% |
| Slovakia | 21% | 20% | 7% | 19% – 25% |
| Spain | 25% | 21% | 19% | 19% – 47% |
| Czechia | 19% | 21% | 15% | 15% – 23% |
| Turkey | 25% | 18% | 15% | 15% – 35% |
| United Kingdom | 19% | 20% | 7,5% – 38,1% | 0% – 45% |
| Sweden | 20,6% | 25% | 30% | 0% – 52% |
| Switzerland | 8,5% | 7,7% | 35% | 22% – 40% |
If you have questions regarding the tax rates in Europe or a specific state of the European Union, please do not hesitate to contact us at www.doing-business-international.com
Update: 23-03-2021