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Important Information

Taxation trends in the European Union


02/05/2013

Labour taxes remain major source of tax revenue
2013 edition of the publication “Taxation trends in the European Union” issued by Eurostat, compiles tax indicators in a harmonised framework based on the European System of Accounts (ESA 95), allowing accurate comparison of the tax systems and tax policies between EU Member States.

The overall tax-to-GDP ratio, meaning the sum of taxes and social contributions in % of GDP, in the EU272 stood at 38.8% in 2011, from 38.3% in 2010 and 38.4% in 2009. The overall tax ratio in the euro area (EA17) increased to 39.5% in 2011, up from 39.0% in 2010 and 39.1% in 2009.

According to the research, lowest implicit tax rates on labour in Malta, on consumption in Spain and on capital in Lithuania.

For more details view the publication “Taxation trends in the European Union”.

www.intax-info.com

 

Related jurisdictions:
Cyprus
Bulgaria
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