Bulgaria Had EU's Second-Lowest Tax Burden in 2013
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%).
- » Bulgaria's FinMIn Foresees No Serious Impact of Brexit
- » Sofia Airport Reports 16 % Increase in Passenger Numbers in May
- » FDI in Bulgaria Drops 45% Y/Y in January-April 2016
- » Bulgaria’s C-Bank to Publish Currency Exchange Rates by 6 p.m. on Workdays
- » Average Monthly Insurable Income in Bulgaria Was BGN 740.85 in Year to April 30
- » Former PM Oresharski Warns of Possible Greek-style Debt Crisis in Bulgaria