Tax Overview

Austria

Tax Value
Corporate income tax 25%
Minimal annual contribution (can be recovered):
• Private limited liability companies (GmbH): 1.750,- €
• Public limited liability companies (AG): 3.500,- €
• European public companies (SE): 6.000,- €
• Financial institutions: 5.452,- €
VAT 20% for most goods and services. Reduced rate of 10% applies to food, books, medications and property rental for residential use. A second reduced rate of 13% applies to certain live animals, animal fodder, stamps, entitlements to attend athletic events, accommodation and cultural services (for instance: movies, museums) etc.
Personal income tax from 0 to 11.000 € - 0%
from 11.001 up to 18.000 € - 25%
from 18.001 up to 31.000 € - 35%
from 31.001 up to 60.000 € - 42%
from 60.001 up to 90.000 € - 48%
from 90.001 up to 1.000.000 € - 50%
over 1.000.001 € - 55%

Example: If the income reaches 30.000 €, the personal income tax will be 5.950,- € (up to 11.000 – 0%, between 11.001 and 18.000 – 25 % = 1.750,- € , between 18.001 and 30.000 – 35% = 4.200,- €).
SS contributions, health insurance (employee) 18,07%
SS contributions, health insurance (employer) 21,63%
Tax on dividends (individuals) 25%-27,5%

Belgium

Tax Value
Corporate income tax Nominal corporate tax rate : 33 % + surcharges 3 %, the combined rate (all-in rate) is 33.99%.
For SME’s (conditional):
up to 25 000€: 24.98 %
25 001 – 90 000€: 31.93 %
90 001 - 322 500€: 35.54 %
322 501€ and over 33.99 %
VAT 21% for most goods and services; 12%, 6%, 0% for certain specified goods
Personal income tax 25-50 %:
0 – 10,860 €-25%
10,860 – 12,470 €- 30%
12,470 – 20,780 €- 40%
20,780 – 38,080€ - 45%
Above 38,080 €- 50%
SS contributions, health insurance (employee) 13.07%
SS contributions, health insurance (employer) 35% (variations according to situation of employer possible)
Tax on dividends (individuals) 27% (rate can be lower for certain financial products)
* The real corporation tax rate is usually much lower than the nominal corporate tax rate due to various tax incentives (such as notional interest deduction, tax shelter for audiovisual productions, various incentives for research and development, etc. For more information visit: http://www.minfin.fgov.be/cellalien

Croatia

Tax Value
Corporate income tax 20 %
VAT Standard rate is 25%, however certain goods and services have rates of 13 % and 5 %
Personal income tax Income tax rates are progressive rates, ranging from from 12% to 40%
SS contributions, heath insurance (employee) 17,2 %
SS contributions, health insurance (employer) 20%
Tax on dividends (individuals) 12%

Czech

Tax Value
Corporate income tax 19%
VAT 21% (basic) for most goods and services; 15% for certain specified supplies (heating, cooling and goods specified by law on VAT); 10% for goods specified by law on VAT
Personal income tax 15% (app. 20% - if calculated from the gross income)
SS contributions, health insurance (employee) 11% ( 4.5% for health insurance and 6.5% for pensions, unemployment benefits and sickness)
SS contributions, health insurance (employer) 34% (9% for health insurance and 25% for pensions, unemployment benefits and sickness)
Tax on dividends (individuals) 15%

Estonia

Tax Value
Corporate income tax 20% (not applicable to reinvested corporate profit)
VAT 20% for most goods and services; reduced rate 9% and 0% in some cases
Personal income tax 20%
SS contributions, health insurance (employee) employee 1.6% + employer 0.8%
SS contributions, health insurance (employer) 33% (20% for social security and 13% for health insurance)
Tax on dividends (individuals) 20% (not applicable if stays on investment account)

Ireland

Tax Value
Corporate income tax 12.5% trading income; 25% non-trading income
VAT Standard rate is 23%, however certain goods and services have rates of 13.5%, 9%, 4.8% and 0%.
Personal income tax 0% on income up to a limit determined by the individual's tax credits and allowances, 20% on balance up to €32,800 (single person) / €41,800 (married couple with one income) / €65,600 (married couple, two incomes) / €36,800 (one-parent family); 41% on balance.
SS contributions, heath insurance (employee) Pay-Related Social Insurance (PRSI) and the Universal Social Charge (USC) are payable.
PRSI: 4% is typical though lower rates may apply, depending on the classification and income of employee.
USC: 2% on income up to €10,036, 4% from €10,036 to €16,016, 7% on balance (or up to €100,000 if income is from self employment. 10% USC applied to income above €100,000 gained from self-employment). If income is less than €10,036, no USC is payable.
SS contributions, health insurance (employer) 10.75% is typical though lower rates may apply, depending on the classification and income of the employee.
Tax on dividends (individuals) 20%

Latvia

Tax Value
Corporate income tax 15%
VAT 21% For most goods and services;
12% For certain services and goods such as certain medicines and medical equipment, infant food, domestic public transport, supplies of domestic heating and natural gas, books, magazines, and newspapers;
Personal income tax 23% For annually taxed income and salary income;
10% For income from capital other than capital gains;
15% For income from capital gains.
SS contributions, health insurance (employee) 10,50%
SS contributions, health insurance (employer) 23.59%
Tax on dividends (individuals) 10%

Lithuania

Tax Value
Corporate income tax 15%
VAT General rate is 21%, 9 %, 5 % and 0 % is applied to certain goods and services
Personal income tax General rate is 15 %, 20 % and 5 % is applied for certain personal income
SS contributions, health insurance (employee) 9% (3 % + 6 %)
SS contributions, health insurance (employer) Most common rate is 30,98%, 31,22% or 31,7 % is apllied if certain criterias are met
Tax on dividends (individuals) 15%

Netherlands

Tax Value
Corporate income tax 20-25 % (0-200 000 € is 20 %, ≥200 000 € is 25 %)
VAT 21 %, 6 % and 0 % is applied to certain goods and services
Personal income tax from 0 - 52% ( personal income tax includes national insurance premiums (*))
€0 - €19 645 is 37 % (31,15% premiums included- (*)). Over 65 years old: 19,1 %
€19 646 - €33 363 is 42 % (31,15% premiums included- (*)). Over 65 years old: 24,1%
€33 364-€55 991 is 42 %. Over 65 years old: 42%
> €55 992 € is 52 %. Over 65 years old: 52%
SS contributions, health insurance (employee) included in personal income tax
SS contributions, health insurance (employer)
- Invalidity Insurance Act (WAO) / Work and Income Capacity for Work Act (WIA) 4,65% total of combination
- Unemployment Act (WW) 1.7%
- Income-dependent Care Insurance Act contribution 5,65% (employee contribution) - 7,75% (employer contribution); maximum € 2.873 - € 3.941
Tax on dividends (individuals) 15%
* General Old Age Pensions Act (AOW) (for employee) Pension age will rise gradually until it reaches 67 in 2021. currently 65 years + two months (march 2014)
* Surviving Dependants Act (Anw) 1,1% (maximum of €372), > 65 is 1,1% (maximum of €374)
* Exceptional Medical Expenses Act (AWBZ) 12,65% (over a maximum amount of € 33.363 = €4220,42), no matter your age
* General Child Benefit Act (AKW for which no contribution is collected)

Romania

Tax Value
Corporate income tax 16%
VAT 19% for most goods, 9%for certain goods (pharmaceuticals for human and veterinarian use, hotel accommodation, prostheses and orthopedic products, bread and related bakery, food and beverages with the exception of alcohol water used for consumption and for agricultural irrigation), 5% for books, newspapers, periodicals, admission to cinemas, museums, historical monuments, trade fairs and exhibitions).
Personal income tax 16%
SS contributions, health insurance (employee) 5.5%
SS contributions, health insurance (employer) 5.2%
Tax on dividends (individuals) 5%