European Countries with the Lowest Income Tax

Europe spans the full tax spectrum: Monaco levies no personal income tax at all, while Eastern Europe hosts a band of low flat-tax countries — Bulgaria, Romania, North Macedonia, Bosnia and Herzegovina, and Kosovo all at 10%, Moldova at 12%, and Montenegro at 15%. At the other end, Finland (56.5%), Denmark (55.9%) and Austria (55%) have some of the highest rates in the world.

For EU citizens, the low-tax members — Bulgaria and Romania in particular — are especially interesting because freedom of movement makes relocating straightforward. Note that social security contributions come on top of income tax and can change the picture significantly; check each country page for the full breakdown.