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Taxes in Europe compared

Top income tax, capital gains tax and VAT for 19 countries – at a glance.

CountryTop income taxCapital gainsVAT (standard)Social security (employee)
Denmark60.5 %42 %25 %0.2 %
Finland56 %34 %25.5 %10.17 %
Austria55 %27.5 %20 %18.07 %
Belgium53.5 %10 %21 %13.07 %
Portugal53 %28 %23 %11 %
Ireland52 %33 %23 %4.2 %
Sweden52 %30 %25 %7 %
Netherlands49.5 %36 %21 %0 %
France49 %31.4 %20 %22 %
Germany47.475 %26.375 %19 %21 %
Norway47.4 %37.84 %25 %7.6 %
Spain47 %19 %21 %6.5 %
Luxembourg45.78 %0 %17 %12.95 %
Switzerland45 %0 %8.1 %11.5 %
United Kingdom45 %24 %20 %8 %
Greece44 %15 %24 %13.37 %
Italy43 %26 %22 %9.19 %
Poland36 %19 %23 %13.71 %
Czechia23 %15 %21 %11.6 %

Top income tax = highest marginal rate on earned income incl. across-the-board surcharges (e.g. solidarity, municipal tax); federal countries (CH, ES, IT, SE) shown as a representative top value. Capital gains = typical rate for private investors; special cases: CH/LU long-term gains tax-free, NL taxes a notional return, NO/DK tiered.

Social security (employee) = representative employee share in % of gross below contribution ceilings; DK ~0 and NL 0 because funded via taxes/income tax there (AM-bidrag/volksverzekeringen sit in the income-tax column); CH incl. occupational pension, excl. private health. The columns are not simply additive.

As of 2026. General education, not tax advice. Rates and allowances change – seek professional advice before deciding.

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