5 Most Tax-Friendly Countries in Europe

2. Hungary:

Corporate Income Tax Rate: 9%
Personal Income Tax Rate: 15%

Hungary is one of the most tax-friendly countries in Europe with a personal income tax rate of 15% of the tax base. The current corporate income tax rate in Hungary stands at 9%. However, the country has agreed to introduce a global minimum tax rate in the EU, through which global corporations with annual revenues over €750 million will pay corporate tax at 15%. The social security tax in Hungary was reduced to 13% in January 2022, from 15.5%. The country also has one of the lowest capital gains tax rates of 15% for an individual filer.