Top countries with the highest and lowest taxes in Europe. Republic of Moldova’s place in this ranking
The 12 percent income tax levied on Moldovans is one of the lowest among Central and Eastern European countries, according to a United Nations classification. The ranking also includes the states from the former socialist camp, and the former Soviet republics.
According to a UN ranking based on data published by the Trading Economics platform, which includes 20 states, lower income tax rates are recorded in only six countries where the tax is between 10 and 9 percent. These are Bosnia and Herzegovina, Bulgaria, North Macedonia, Romania, Serbia and Montenegro.
The Republic of Moldova is not in the top six, having a tax rate of 12%, also considered low.
At the other pole, in the ranking of Central and Eastern Europe, is Slovenia where half of the citizens' incomes are withheld, and in three countries, Poland, Latvia and Croatia, the percentage varies between 30 and 32 percent.
Across the European continent, the highest personal income tax rates, over 50 percent, are recorded in Finland, Denmark, Austria and Sweden.
In the most developed economies on the European continent, ie Germany, France and the United Kingdom, the level of income taxation is 45 percent.
