Tax revenue statistics, 2014, INE

Page created: Friday, 15 May 2015 13:45GMT

Press Release:  15 May 2015 - 5 Page(s)
GDP  Tax revenue statistics

In 2014, the tax burden increased by 2.0%, after increasing 8.5% in 2013, accounting for approximately 34.4% of GDP (34.5% in the previous year). This increase was influenced by the positive performance of indirect taxes (4.7%) and social contributions (3.3%). In contrast, the revenue from direct taxes decreased by 2.4%.

Regarding direct taxes, there was an increase of 1.5% in individual income tax (IRS) and a decrease of 11.1% in corporate income tax collected by Central Government (IRC).

In the case of indirect taxes, it is relevant to point out the behaviour of the value added tax revenues (VAT), with an increase of 7% and the increase of 15.8% in revenues from real estate tax collected by Local Government (IMI). The revenue from the excise duties on tobacco and the stamp duty declined again (-1.1% and -2.6%, respectively).

Actual social contributions increased by 3.3% influenced by budgetary changes that affected the tax base, as well as the increase of the employed population in 2014.

Excluding taxes received by the European Union Institutions, Portugal continued to register in 2014 a lower tax burden than the EU average (34.1% compared to 39.2% in the EU28).

Original title:  The Tax burden, in Portugal, was 34.4% of GDP in 2014 - 2014