Bulgaria Had EU's Second-Lowest Tax Burden in 2013

Business » FINANCE | June 16, 2014, Monday // 15:07| Views: | Comments: 1
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Bulgaria: Bulgaria Had EU's Second-Lowest Tax Burden in 2013 File photo

Bulgaria had the second-lowest tax burden in the EU, Eurostat data has shown.

The country was second only to Lithuania, but had the lowest income levy in within the bloc with its 10-percent flat rate, the Bulgarian National Radio reports citing the European statistical body.

Tax burden was 27.2% in Lithuania and 27.9% in Bulgaria and Latvia in 2013, compared to 28.3% in Romania, 45% in France and 43.1% in Austria.

Bulgaria also ranks first in EU in terms of the share excise and consumption taxes have in budget revenues (53.3%). The other countries falling into that category are Croatia, Malta, and Romania.

Most EU countries use income taxation as the main source of budget revenues, with Sweden, Portugal and Denmark levying income with 55%. but this is not the case for Bulgaria, where it is slightly below a third of the total (32.9%).

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» To the forumComments (1)
taxman - 16 Jun 2014 // 20:21:47

So what patron do we see in Europe?
The more taxes a country imposes the more debts they accumulate.


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