Georgia among countries
with the lowest income tax rates in Europe
Source: newsgeorgia.ge
Data: taxfoundation.org
According to the report by the international analytical agency Tax Foundation, Georgia ranks among the last in the list of 35 European countries in terms of income tax levels, indicating its relatively low rate.
The methodology of the study is based on ranking countries in descending order of tax rates: countries with the highest taxes are at the top of the list, while those with the lowest are at the bottom. In this ranking, Georgia, with a fixed income tax rate of 20%, is in 30th place. It is only surpassed by Ukraine (19.5%), Moldova (12%), Bulgaria, and Romania (10% each).
The income tax rate in Georgia is only 20%, which makes the country attractive for business.
Unlike Georgia, many European countries apply a progressive tax scale, where the rate increases as income rises. Meanwhile, Georgia and other low-tax countries are not part of the Organization for Economic Cooperation and Development (OECD), where the average income tax level is 42.8%.

The highest rates are recorded in Denmark (55.9%), France (55.4%), and Austria (55%). Among OECD countries, the lowest personal income taxes are observed in Hungary (15%), Estonia (22%), and the Czech Republic (23%).
antitop
Highest Rates
  • 55,9%
    Tax in Denmark
  • 55,4%
    Tax in France
  • 55%
    Tax in Austria
The low income tax rate in Georgia makes the country attractive for entrepreneurs and investors, providing favorable conditions for doing business.
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