Portugal: Eurostat compares relative taxation takes

Page created: Friday, 15 January 2016 14:54 GMT

European Union  Eurozone  Fiscal Revenues  GDP   Portugal

Brussels, Jan. 15 (Lusa) – Portugal accounted for the fifth largest European Union, and the third biggest in the Eurozone, fall in fiscal revenues between 2013 and 2014, the European Union statistics body Eurostat reported Friday.

As a percentage of gross domestic product (GDP), fiscal revenues fell in eight member states including Portugal where the rate dropped from 37.2% in 2013 to 36.9% in 2014, the fifth largest in the EU-28.

The largest fall was registered by the Czech Republic, from 34.8% in 2013 to 34.1% in 2014, the United Kingdom, 34.9% to 34.4%, Slovenia, 37.3% to 37%, Belgium, 48.2% to 47.9%) before Portugal’s fall to 36.9%.

In turn, the largest risers were Denmark, up from 48.1% in 2013 to 50.8% in 2014, Cyprus, 31.6% to 34,2% and Malta, 33.6% to 35.0%.

In 2014, Portugal came 14th, and hence midpoint in the 28 strong table, in terms of the taxation take in a table headed by Denmark (50.8%) and Belgium and France (47.9% apiece).

At the other extreme are Rumania (27.7%), Bulgaria (27.8%) and Lithuania (28%) with the lowest levels of fiscal burdens.

The taxation take, as a percentage of GDP, incorporates taxes on production and importing, on earnings and on heritage, on capital and social security contributions with the Portuguese rate of 36.9% substantially below both the Eurozone average of 41.5% and the European Union average of 40.0%.