Top-Earners in Denmark Have The Highest Personal Income Tax Rate in Europe 💶

What We're Showing

The top statutory personal income tax rate of European OECD 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.

Data comes from the European Commission and PwC via Tax Foundation.

Combined central and sub-central top personal income tax rates and surtaxes are shown. Social security contributions are not captured. Data as of February 2024.

Key Takeaways

• Among European OECD countries, the average statutory top personal income tax rate is 42.8%
• Denmark (55.9%), France (55.4%), and Austria (55%) have the highest top income tax rates.
• Hungary (15%), Estonia (20%), and the Czech Republic (23%) have the lowest top rates.