Bulgaria - One of the EU Countries with the Highest Shares of Total Revenue from Environmental Tax

Society | February 21, 2020, Friday // 18:32| Views: | Comments: 0
Bulgaria: Bulgaria - One of the EU Countries with the Highest Shares of Total Revenue from Environmental Tax www.pixabay.com

In 2018, environmental tax revenue in the European Union (EU) totalled €324.6 billion, a 3% increase in nominal terms from the previous year and 49% higher than in 2002, Eurostat reported.

Energy taxes accounted for the largest share (77.7%) of the EU’s 2018 environmental tax revenue, followed by transport taxes (19.1%), and pollution and resource taxes (3.3%).

The contribution from environmental taxes to total government revenue from taxes and social contributions varied significantly across EU Member States in 2018, with the highest shares recorded in Latvia (10.9%), Bulgaria (9.8%), Greece (9.5%), Slovenia (9.4%) and Croatia (9.3%).

At the other end of the scale, the smallest shares were observed in Luxembourg, (4.4%), Germany (4.5%) and Sweden (4.8%).

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Tags: Bulgaria, EU, taxes, environmental tax, eurostat
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