Armenia 26th in Europe in Amount of Income Tax Wage-Earners Pay

Armenia and Georgia are in 26th and 27th place in the amount of income tax (20%) wage-earners have to pay in a list of 37 countries compiled by RIA Novosti. The income tax in Azerbaijan is 30%.

The higher the salaries, the higher the income tax, say analysts. They note that, on the other hand, high income tax leads high-paying professionals to migrate to countries where there are ways to avoid paying taxes.

Leading the ranking is Sweden, where income tax is at 56.4%, followed by Belgium (53.7%) and the Netherlands (52%). At the bottom of the list are Bulgaria and Kazakhstan where income tax is 10%.