![]() The top rate applies to income exceeding €40,000 (US $45,610). In 2021, the solidarity surcharge was suspended for all types of income, other than income from public sector employment and pensions. Greece reduced the top personal income tax rate from 55 to 54 percent (44 percent income tax plus 10 percent solidarity surcharge) in 2020. ![]() Previously, a 15 percent flat tax applied. Turkey added a new top personal income tax bracket.Īs of 2021, the Czech Republic has reintroduced progressive taxation with a top rate of 23 percent on income beyond CZK 1 million (US $78,000). The Netherlands made a slight change to its personal income tax rates. A surtax in Greece has been temporarily suspended. Spain increased its top personal income tax rate. The Czech Republic, Latvia, and Lithuania moved from flat taxes on personal income to progressive tax structures. Of these eight countries, four cut their top personal income tax rates while the other four raised their top rates. Countries tax labor income in various ways through payroll taxes, personal income taxes, and, in some cases, surtaxes.īetween 20, eight European countries in the OECD changed their top personal income tax rates. In 2019, revenue from personal income taxes made up 24 percent of total tax revenue across OECD countries.
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