These Are The Top Personal Income Tax Rates Across Europe

Income tax rates in Europe vary widely and reflect different approaches to funding public services, with countries imposing higher top marginal tax rates often supporting extensive social welfare systems, while those with lower rates may prioritize competitiveness or maintain less comprehensive programs.

This map, via Visual Capitalist’s Kayla Zhu, shows the top statutory personal income tax rate of 36 European countries.

European countries typically use a progressive tax system, where higher income brackets are taxed at higher rates, with the top rate applying only to income above a set threshold. These are the highest personal income tax rates of each European country.

The data comes from the European Commission and PwC via Tax Foundation (updated as of February 2024), with combined central and sub-central top personal income tax rates and surtaxes shown. Social security contributions are not included.

Which European Countries Tax Top Earners Most?

Below, we show the top statutory personal income tax rate for 36 major European countries.

Country	Top Statutory Personal Income Tax Rate
Austria	55.0%
Belgium	53.5%
Bulgaria	10.0%
Croatia	35.4%
Cyprus	35.0%
Czech Republic	23.0%
Denmark	55.9%
Estonia	20.0%
Finland	51.4%
France	55.4%
Georgia	20.0%
Germany	47.5%
Greece	44.0%
Hungary	15.0%
Iceland	46.3%
Ireland	48.0%
Italy	47.3%
Latvia	31.0%
Lithuania	32.0%
Luxembourg	45.8%
Malta	35.0%
Moldova	12.0%
Netherlands	49.5%
Norway	39.6%
Poland	36.0%
Portugal	53.0%
Romania	10.0%
Slovakia	25.0%
Slovenia	50.0%
Spain	54.0%
Sweden	52.3%
Switzerland	39.5%
Turkey	40.8%
Ukraine	19.5%
United Kingdom	45.0%

Among European OECD countries, the average top statutory personal income tax rate is 42.8%.

Denmark (55.9%), France (55.4%), and Austria (55%) have the highest rates, while Hungary (15%), Estonia (20%), and the Czech Republic (23%) have the lowest.

Generally, European countries outside the OECD have lower top tax rates and often use a flat tax system. Bulgaria and Romania have the lowest rate at 10%, followed by Moldova (12%), Ukraine (19.5%), and Georgia (20%).

Scandinavian countries, recognized for their extensive social safety nets and public funding for services like universal healthcare, higher education, and parental leave, also impose relatively high personal income tax rates.

Denmark is making substantial changes to its personal income tax system that will take effect in 2026, which may impact the country’s top earners significantly.

Under the new three-tier tax structure, high-income earners in Denmark making over DKK 2,588,300 may face a total marginal tax rate of up to 60.5%. Denmark ranks sixth in the world for countries with the highest wealth per person in both average and median wealth measurements.

To learn more about taxation across various countries, check out this graphic that visualizes major economies’ tax-to-GDP ratios.