20 countries · 2026

The lowest-tax countries in Europe

Checked November 4, 2026 · How we score

The lowest-tax places in Europe for a business are Guernsey, Jersey, Isle of Man, Andorra, Bulgaria, North Macedonia and Hungary. Inside the EU, Hungary (9%) and Bulgaria (10%) have the lowest corporate tax rates, and Estonia taxes retained profits at 0%. Outside the EU, Monaco and Andorra have the lowest personal taxes.

#	Country	Corporate	Personal	VAT	Setup from	Remote	Score
1	🇬🇬Guernsey 0% corporate · 20% top personal	0%	20%	None	$3,000	Yes	6.4
2	🇯🇪Jersey 0% corporate · 20% top personal	0%	20%	5%	$3,000	Yes	6.2
3	🇮🇲Isle of Man 0% corporate · 21% top personal	0%	21%	20%	$2,500	Yes	6.2
4	🇦🇩Andorra 10% corporate · 10% top personal	10%	10%	4.5%	$3,000	No	5.8
5	🇧🇬Bulgaria 10% corporate · 10% top personal	10%	10%	20%	$1,200	Yes	6.8
6	🇲🇰North Macedonia 10% corporate · 10% top personal	10%	10%	18%	$600	Yes	6.5
7	🇭🇺Hungary 9% corporate · 15% top personal	9%	15%	27%	$1,500	Yes	5.8
8	🇲🇪Montenegro 9% corporate · 15% top personal	9%	15%	21%	$800	Yes	6.5
9	🇷🇴Romania 16% corporate · 10% top personal	16%	10%	21%	$800	Yes	6.0
10	🇷🇸Serbia 15% corporate · 15% top personal	15%	15%	20%	$700	Yes	5.8
11	🇲🇨Monaco 25% corporate · 0% top personal	25%	0%	20%	$8,000	No	4.4
12	🇱🇮Liechtenstein 12.5% corporate · 22.4% top personal	12.5%	22.4%	8.1%	$5,000	No	5.6
13	🇬🇪Georgia 15% corporate · 20% top personal	15%	20%	18%	$400	Yes	7.6
14	🇭🇷Croatia 10% corporate · 33% top personal	10%	33%	25%	$1,200	No	5.6
15	🇬🇮Gibraltar 15% corporate · 28% top personal	15%	28%	None	$2,500	Yes	5.3
16	🇨🇿Czechia 21% corporate · 23% top personal	21%	23%	21%	$1,200	Yes	5.6
17	🇪🇪Estonia 22% corporate · 22% top personal	22%	22%	24%	$700	Yes	7.7
18	🇨🇾Cyprus 15% corporate · 35% top personal	15%	35%	19%	$1,800	Yes	5.9
19	🇱🇹Lithuania 17% corporate · 32% top personal	17%	32%	21%	$700	Yes	7.4
20	🇮🇪Ireland 12.5% corporate · 40% top personal	12.5%	40%	23%	$1,500	Yes	6.7

Questions people ask

Which EU country has the lowest corporate tax?

Hungary has the lowest headline rate at 9%, followed by Bulgaria at 10%. Ireland charges 12.5% on trading income (15% for large groups). Estonia and Latvia tax only distributed profits.

Which European country has no income tax?

Monaco has no personal income tax for residents (except French nationals). Andorra caps it at 10%, and Bulgaria has a 10% flat tax.

Keep reading

corporate tax rates by country bulgaria hungary cyprus

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