5 Countries with Highest Income Tax Rates in Europe

In this article, we will look at 5 countries with highest income tax rates in Europe. If you want to read our detailed analysis, head straight to 20 Countries with Highest Income Tax Rates in Europe.

5. Belgium

Personal Income Tax Rate: 53.50%

Belgium has a top personal income tax rate of 53.50%, as of 2024. With a tax-to-GDP ratio of 29.70%, Belgium ranks fifth among the countries with the highest income tax rates in Europe.

4. Spain

Personal Income Tax Rate: 54%

Spain is one of the richest countries in Europe and also has one of the highest income tax rates. Spain has a tax-to-GDP ratio of 24.60% and a top personal income tax rate of 54%.

3. Austria

Personal Income Tax Rate: 55%

Austria has a 55% top personal income tax rate, as of 2024. With a tax-to-GDP ratio of 27.70%, Austria is placed fourth among the countries with the highest income tax rates in Europe.

2. France

Personal Income Tax Rate: 55.40%

France has the second highest income tax rate in Europe, with a top personal income tax rate of 55.40%. France has a tax-to-GDP ratio of 17.10%.

1. Denmark

Personal Income Tax Rate: 55.90%

Denmark has the highest income tax rate in Europe. The top personal income tax rate in Denmark is 55.90% and has a tax-to-GDP ratio of 44.10%.

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