If you are thinking about relocating to Europe, be aware that some of the countries have extreme tax rates. These figures are based on the average tax rate on earnings, including income, social security and healthcare. Because of the European Union, many of these economies are intertwined and dependent on one another. The average income tax in Europe is 42%.

Belgium: Rate of taxes in Belgium is around 55.1% and it has one of the highest taxes in the world.  It is above all for sole earner in Belgium as in form of taxes. A person is exempted from taxes in Belgium, if he earns something below 6040 Euros but is charged in form of taxes anywhere in range of 25% to 55.1%. In Belgium there are taxes in form of communal and regional taxes at the rate of 6%.  There most of goods and services are taxed at 21%. Income taxes are deducted by employers on a pay as you earn basis. Belgium has a few natural resources and its economy is highly import based though there are certain industrial regions are also available there. The rate of unemployment there is around 6.5%.

France: Average taxation applied in France is around 50.2%, and it is the Parliament that examines which tax to be levied around and which tax is to be monitored through and around things. There are many collection institutions, taxes which are collected by the government and local collectivities and social deductions are collected by the manner of social security. Tax is even charged upon people if there a long list of existing taxes occurs there like professional tax, housing tax and corporate tax.

Hungary: In hungry, there is rate of taxation is about 41 %, that too is highest tax in Eastern Europe. In Hungry, there is system where taxes increases according to income as paid to a person. Even foreign nationals are not exempted to this rule and they are expected to register as taxpayers and there they receive income from abroad.  There income tax is levied into the range of 18-36%. If you are not recipients of health care in Hungry you are not expected to pay this tax.

Germany: The rate of Taxation in Germany is somewhere around to 52.5 %, and there very high level of taxes are being paid by both German Locals as well as expatriate throughout the year. Still there is a lower permissible limit to taxation. Income upto 52, 152 Euros pay taxes form 15-42% and 42% for anything even higher for rate and prices. There is also levied an additional “solidarity surcharge” of 5.5% of the tax that is therefore is being paid for integrating East German former states.   Other than income there are too around some 30 different types of taxes there. Germany is the strongest economy in Europe that has a social market economy that is vastly export-oriented and is the leading exporter of merchandise.

Poland: The rate of taxation in this country is 43.7%, and it is the country that is growing with a rate of about 6% per year. And this massive rate of growth in Poland there is occurring due to its separation from Poland in which it entered into world capitalist market. Though its agricultural market is not that much sufficient yet its workforce was rather involved in the industrial and service industries. The Expatriates there pay same amount of taxes as equivalent to the natives living in Poland. Special taxes, apart from income, lies there from owning a dog or from driving a car or bus.

Finland: With Taxation counting around 44.1%, Finland is a very developed industrial country which has a very higher level of concentration towards agriculture and it is entirely an agricultural city. Here it increases, the GDP that is equal to those in Western Europe and its citizens have a high GDP that is even equal to that of the Western Europe. With around a category of Finland like as timber and water. There too exists very high level and an upper rate of unemployment which is high employer-paid social security taxes.

Netherlands: With taxation around 44.4%, The Netherlands is a base member of European Union and World Trade Oganization. It is one of the most lassiez-faire economies in the world and  punitively low employment rate that is around 4% and most of its population is involved in low employment and other are involved into service industries. Their income tax ranges into category of 33-52%.

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