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Reduced Corporate Income Tax Rates for Small Businesses in Europe


Reduced Corporate Income Tax Rates for Small Businesses in Europe
December 3, 2020
Elke Asen
Corporate income taxes are commonly levied as a flat rate on business profits. However, some countries provide reduced corporate income tax rates for small businesses. Out of 27 European OECD countries covered in today’s map, nine levy a reduced corporate tax rate on businesses that have revenues or profits below a certain threshold.
Belgium, France, Latvia, Lithuania, Luxembourg, the Netherlands, Poland, Portugal, and Slovakia levy reduced corporate tax rates on businesses below a certain size. In 2020, the reduced rates range from 5 percent in Lithuania to 22.8 percent in Luxembourg. ....

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