The tax-to-GDP ratio in the EU was stable at 40.0% in 2015. There was variation between Member States, with the highest ratios in France (47.9%), Denmark (47.6%), and Belgium (47.5%). Taxes on production and imports made up the largest share of tax revenue in the EU (13.6% of GDP). The tax-to-GDP ratio increased the most in Lithuania (29.4% in 2015) and Estonia (34.1%).
Bratislava, 19. jún 2013 – Podľa tohtoročnej štúdie New Direction – The Foundation for European Reform a Institut économique Molinari Tax Burden of Typical Workers in the EU 27 pripadá deň daňového oslobodenia (Tax Liberation Day) na Slovensku na 20. júna. Deň daňového oslobodenia sa odvíja od základnej daňovo-odvodovej záťaže príjmovo priemerného zamestnanca, ktorá na Slovensku dosahuje takmer 46,7% mzdových nákladov, čo je viac ako priemer v daňami a odvodmi preťaženej EÚ.
Viac na www.konzervativizmus.sk
podľa tohtoročnej štúdie New Direction – the Foundation for European Reform a Institut économique Molinari (IEM) pripadol deň daňového oslobodenia (Tax Liberation Day) na Slovensku na 20. júna. Je to rovnaký deň ako v minulom roku, aj keď základné daňovo-odvodové zaťaženie priemerného zamestnanca na Slovensku (podľa ktorého sa Počíta tento deň) sa nepatrne zvýšil z 46,65 % v roku 2013 na aktuálnych 46,73% k nákladom práce. Takéto zaťaženie slovenských zamestnancov daňou z príjmu, DPH a odvodmi je takmer o 1,5 percentuálny bod vyššie ako je priemer v EÚ. Viac na www.konzervativizmus.sk
Podľa aktuálnej štúdie The Tax Burden of Typical Workers in the EU 27 v Európskej únii rastie daňovo-odvodové zaťaženie zamestnancov. Najnižšie daňovo-odvodové zaťaženie zamestnancov a najskorší dátum dňa daňovej slobody má Cyprus a najvyššie daňovo-odvodové zaťaženie na priemerného zamestnanca a najneskorší termín dňa daňovej slobody má Belgicko. Slovensko sa v rebríčku krajín EÚ umiestnilo na 16. mieste.
Bratislava, 19. jún 2013 – Podľa tohtoročnej štúdie New Direction – The Foundation for European Reform a Institut économique Molinari Tax Burden of Typical Workers in the EU 27 pripadá deň daňového oslobodenia (Tax Liberation Day) na Slovensku na 20. júna. Deň daňového oslobodenia sa odvíja od základnej daňovo-odvodovej záťaže príjmovo priemerného zamestnanca, ktorá na Slovensku dosahuje takmer 46,7% mzdových nákladov, čo je viac ako priemer v daňami a odvodmi preťaženej EÚ.
Viac na www.konzervativizmus.sk
podľa tohtoročnej štúdie New Direction – the Foundation for European Reform a Institut économique Molinari (IEM) pripadol deň daňového oslobodenia (Tax Liberation Day) na Slovensku na 20. júna. Je to rovnaký deň ako v minulom roku, aj keď základné daňovo-odvodové zaťaženie priemerného zamestnanca na Slovensku (podľa ktorého sa Počíta tento deň) sa nepatrne zvýšil z 46,65 % v roku 2013 na aktuálnych 46,73% k nákladom práce. Takéto zaťaženie slovenských zamestnancov daňou z príjmu, DPH a odvodmi je takmer o 1,5 percentuálny bod vyššie ako je priemer v EÚ. Viac na www.konzervativizmus.sk
Podľa aktuálnej štúdie The Tax Burden of Typical Workers in the EU 27 v Európskej únii rastie daňovo-odvodové zaťaženie zamestnancov. Najnižšie daňovo-odvodové zaťaženie zamestnancov a najskorší dátum dňa daňovej slobody má Cyprus a najvyššie daňovo-odvodové zaťaženie na priemerného zamestnanca a najneskorší termín dňa daňovej slobody má Belgicko. Slovensko sa v rebríčku krajín EÚ umiestnilo na 16. mieste.
CVS Surveyors- For the retail sector, the recently confirmed transitional relief scheme won’t actually provide any net relief, who so desperately need it. Mark Rigby, CEO of business rent and rates specialists CVS Surveyors, said;“The Treasury’s golden goose is getting even fatter following a £1bn windfall from last year’s business rates yield and what’s more, this year the yield is projected to be £0.6bn over budget.
HLEG thematic workshop on Measuring Inequalities of Income and Wealth, Veli M...StatsCommunications
Presentation at the HLEG thematic workshop on Measuring Inequalities of Income and Wealth, 15-16 September 2015, Berlin, Germany, http://oe.cd/hleg-workshop-inequalities-income-and-wealth
The International Tax Competitiveness Index (ITCI) seeks to measure the extent to which a country’s tax system adheres to two important aspects of tax policy: competitiveness and neutrality.
A competitive tax code is one that keeps marginal tax rates low. In today’s globalized world, capital is highly mobile. Businesses can choose to invest in any number of countries throughout the world to find the highest rate of return. This means that businesses will look for countries with lower tax rates on investment to maximize their after-tax rate of return. If a country’s tax rate is too high, it will drive investment elsewhere, leading to slower economic growth. In addition, high marginal tax rates can lead to tax avoidance.
To measure whether a country’s tax system is neutral and competitive, the ITCI looks at more than 40 tax policy variables. These variables measure not only the level of taxes, but also how taxes are structured. The Index looks at a country’s corporate taxes, individual income taxes, consumption taxes, property taxes, and the treatment of profits earned overseas. The ITCI gives a comprehensive overview of how developed countries’ tax codes compare, explains why certain tax codes stand out as good or bad models for reform, and provides important insight into how to think about tax policy.
Taxation Comparison Between The United Kingdom and LithuaniaEvaldas Čerkesas
This presentation aims is to reveal main differences between corporate in personal taxation in the United Kingdom and Lithuania. This presentation could be useful for all who considers to receive more effective tax structuring.
As with previous years, our tax experts have prepared a comprehensive yet brief overview of taxation in Hungary.
Our material shall provide you with the necessary information about Hungarian business environment and its statutory framework, therefore we encourage you to pay close attention.
HLEG thematic workshop on Measuring Inequalities of Income and Wealth, Charlo...StatsCommunications
Presentation at the HLEG thematic workshop on Measuring Inequalities of Income and Wealth, 15-16 September 2015, Berlin, Germany, http://oe.cd/hleg-workshop-inequalities-income-and-wealth
CVS Surveyors- For the retail sector, the recently confirmed transitional relief scheme won’t actually provide any net relief, who so desperately need it. Mark Rigby, CEO of business rent and rates specialists CVS Surveyors, said;“The Treasury’s golden goose is getting even fatter following a £1bn windfall from last year’s business rates yield and what’s more, this year the yield is projected to be £0.6bn over budget.
HLEG thematic workshop on Measuring Inequalities of Income and Wealth, Veli M...StatsCommunications
Presentation at the HLEG thematic workshop on Measuring Inequalities of Income and Wealth, 15-16 September 2015, Berlin, Germany, http://oe.cd/hleg-workshop-inequalities-income-and-wealth
The International Tax Competitiveness Index (ITCI) seeks to measure the extent to which a country’s tax system adheres to two important aspects of tax policy: competitiveness and neutrality.
A competitive tax code is one that keeps marginal tax rates low. In today’s globalized world, capital is highly mobile. Businesses can choose to invest in any number of countries throughout the world to find the highest rate of return. This means that businesses will look for countries with lower tax rates on investment to maximize their after-tax rate of return. If a country’s tax rate is too high, it will drive investment elsewhere, leading to slower economic growth. In addition, high marginal tax rates can lead to tax avoidance.
To measure whether a country’s tax system is neutral and competitive, the ITCI looks at more than 40 tax policy variables. These variables measure not only the level of taxes, but also how taxes are structured. The Index looks at a country’s corporate taxes, individual income taxes, consumption taxes, property taxes, and the treatment of profits earned overseas. The ITCI gives a comprehensive overview of how developed countries’ tax codes compare, explains why certain tax codes stand out as good or bad models for reform, and provides important insight into how to think about tax policy.
Taxation Comparison Between The United Kingdom and LithuaniaEvaldas Čerkesas
This presentation aims is to reveal main differences between corporate in personal taxation in the United Kingdom and Lithuania. This presentation could be useful for all who considers to receive more effective tax structuring.
As with previous years, our tax experts have prepared a comprehensive yet brief overview of taxation in Hungary.
Our material shall provide you with the necessary information about Hungarian business environment and its statutory framework, therefore we encourage you to pay close attention.
HLEG thematic workshop on Measuring Inequalities of Income and Wealth, Charlo...StatsCommunications
Presentation at the HLEG thematic workshop on Measuring Inequalities of Income and Wealth, 15-16 September 2015, Berlin, Germany, http://oe.cd/hleg-workshop-inequalities-income-and-wealth
Presentation of Prof. Lars Feld - The Economic Situation in EMU - Where do we...Bankenverband
GCEE Business Cycle Update, March 2018: “In the euro area, the level of indebtedness of many member states remains very high. This is particularly true of Italy where the national debt stands at over 130 % of GDP. Should financial markets lose confidence in the sustainability of public debt on account of the political uncertainty resulting from the outcome of the election, given the size of the Italian economy a return of the euro crisis cannot be ruled out. Furthermore, risks to financial stability continue to persist in certain member states due to the fragility of many banks, particularly with regard to the extent of non-performing loans.”
Studio sulla capacità del modello predittivo del fallimenti Altman Z-Score ne...Giuseppe Fumagalli
An Overlook at Bankruptcy Prediction in Italy in 2016: An Application of the Altman’s Model on Failed Italian Manufacturing Companies In The 2016-First Quarter
schema definitivo di disegno di legge delega recante “Delega al Governo per la riforma organica delle discipline della crisi di impresa e dell’insolvenza”, elaborato dalla Commissione ministeriale istituita dal Ministro della Giustizia con Decreto 28 gennaio 2015 e successive integrazioni, (c.d. Commissione Rordorf).
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
1. 234/2016 - 25 November 2016
Taxation in the EU Member States
The tax-to-GDP ratio in 2015 continued to vary
by 1 to 2 across the EU Member States
Taxes on production and imports main category in the EU
The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of GDP, stood
at 40.0% in the European Union (EU) in 2015, stable compared with 2014. In the euro area, tax revenue
accounted in 2015 for 41.4% of GDP, slightly down from 41.5% in 2014. This is the first time since its low point in
2010 that the tax-to-GDP ratio in both zones did not increase.
This information comes from an article issued by Eurostat, the statistical office of the European Union. Tax
indicators are compiled in a harmonised framework based on the European System of Accounts (ESA 2010),
enabling an accurate comparison of the tax systems and tax policies between EU Member States.
Overall tax-to-GDP ratio in the EU and the euro area, 2005-2015
35
40
45
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
EU Euro area
Highest tax-to-GDP ratio in France, Denmark and Belgium
The tax-to-GDP ratio varies significantly between Member States, with the highest share of taxes and social
contributions in percentage of GDP in 2015 being recorded in France (47.9%) Denmark (47.6%) as well as
Belgium (47.5%), followed by Austria (44.4%), Sweden (44.2%), Finland (44.1%) and Italy (43.5%). At the
opposite end of the scale, Ireland (24.4% - see country note), Romania (28.0%), Bulgaria (29.0%), Lithuania
(29.4%) and Latvia (29.5%) registered the lowest ratios.
2. Total revenue from taxes and social contributions in the EU Member States, 2015
(as % of GDP)
0
5
10
15
20
25
30
35
40
45
50
* See country note
Largest growth of tax-to-GDP ratio in Lithuania and Estonia
Compared with 2014, the tax-to-GDP ratio increased in 2015 in a majority of Member States, with the largest rises
being observed in Lithuania (from 27.9% in 2014 to 29.4% in 2015) and Estonia (from 32.8% to 34.1%), ahead of
Slovakia (from 31.3% to 32.4%), Hungary (from 38.3% to 39.2%) and Croatia (from 36.8% to 37.6%). In contrast,
decreases were recorded in eight Member States, notably in Ireland (from 29.9% in 2014 to 24.4% in 2015 – see
country note) and Denmark (from 50.3% to 47.6%).
Change in tax-to-GDP ratio in the EU Member States, 2015/2014 (in percentage points)
-6.0 -5.5 -5.0 -4.5 -4.0 -3.5 -3.0 -2.5 -2.0 -1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0
Lithuania
Estonia
Slovakia
Hungary
Croatia
Sweden
Bulgaria
Greece
Austria
Romania
Czech Republic
United Kingdom
Poland
Germany
Netherlands
Latvia
Spain
Slovenia
Finland
France
EU
Italy
Portugal
Euro area
Cyprus
Luxembourg
Malta
Belgium
Denmark
Ireland*
* See country note
3. Highest ratio of taxes on production and imports in Sweden,
of taxes on income and wealth in Denmark and of net social contributions in France
Looking at the main tax categories, a clear diversity prevails across the EU Member States. In 2015, the share of
taxes on production and imports was highest in Sweden (where they accounted for 22.1% of GDP), Croatia
(19.7%) and Hungary (18.9%), while they were lowest in Ireland (8.9% – see country note), Germany and
Slovakia (both 11.0%).
For taxes related to income and wealth, the highest share by far was registered in Denmark (30.4% of GDP),
ahead of Sweden (18.4%), Belgium (16.7%) and Finland (16.6%). In contrast, Bulgaria (5.4%), Lithuania (5.5%)
and Croatia (6.0%) recorded the lowest taxes on income and wealth as a percentage of GDP. Net social
contributions accounted for a significant proportion of GDP in France (18.9%), Belgium (16.7%) and Germany
(16.5%), while the lowest shares were observed in Denmark (1.0% of GDP) and Sweden (3.7%).
In 2015, taxes on production and imports made up the largest part of tax revenue in the EU (accounting for 13.6% of
GDP), closely followed by net social contributions (13.2%) and taxes on income and wealth (13.0%). The ordering of
tax categories was slightly different in the euro area. The largest part of tax revenue came from net social
contributions (15.3%), ahead of taxes on production and imports (13.3%) and taxes on income and wealth (12.6%).
Methods and definitions
Data are collected by Eurostat on the basis of the European system of national and regional accounts (ESA 2010). According to
ESA2010, taxes and social contributions should be recorded on an accrual basis.
The data relate to the general government sector of the economy, as defined in ESA2010, comprising the subsectors central
government, state government (where applicable), local government, and social security funds (where applicable). Data for taxes
collected on behalf of the EU institutions is also included in the analysis. Thus revenue data for taxes and social contributions represent
all tax and social contributions revenues collected at the EU level.
The overall tax-to-GDP ratio presented in this news release corresponds to the total amount of taxes and net social contributions
(including imputed contributions) payable to general government and the institutions of the European Union, including voluntary
contributions, net of uncollectible amounts; expressed as a percentage of GDP. It is one measure of the tax burden. It encompasses
the wide diversity of social security systems in the EU.
Taxes are defined as compulsory, unrequited payments to governments or institutions of the European Union.
Taxes on production and imports include value added tax (VAT), import duties, excise duties and consumption taxes, stamp taxes,
payroll taxes, taxes on pollution, and others.
Taxes on income, wealth, etc. include corporate and personal income taxes, taxes on holding gains, payments by households for
licences to own or use cars, hunt or fish, current taxes on capital that are paid periodically, and others.
Net social contributions are the actual or imputed contributions made by households to social insurance schemes to make provision
for social benefits to be paid. They include employers' actual social contributions, households' actual social contributions, imputed
social contributions and households' social contribution supplements. Social insurance scheme service charges are deducted from the
items above to reach net social contributions. Actual social contributions are those paid on a compulsory or voluntary basis by
employers or employees or the self- or non-employed to insure against social risks (sickness, invalidity, disability, old age, survivors,
family and maternity). Imputed social contributions are those payable under unfunded social insurance schemes (in which employers
pay social benefits to their employees, ex-employees or their dependents out of their own resources without creating special reserve for
the purpose). Net social contributions also contain two transactions related to funded pension schemes, wherever such schemes are
classified in general government.
The tax-to-GDP ratio includes also capital taxes, which are generally of minor importance.
Capital transfers representing amounts assessed but not collected are deducted from the total taxes and net social contributions to
ensure the comparability of the tax-to-GDP ratios across countries.
Country note: Ireland
The Irish Gross Domestic Product for 2015, used as a denominator in tax-to-GDP ratios presented in this News Release, was
substantially affected by the relocation from outside the EU to Ireland of balance sheets of large multi-national enterprises. More
information can be found on the Eurostat website.
For more information
Eurostat Statistics Explained article on tax revenue statistics.
Eurostat website section dedicated to government finance statistics.
Eurostat database on government statistics.
Issued by: Eurostat Press Office
Vincent BOURGEAIS
Tel: +352-4301-33 444
eurostat-pressoffice@ec.europa.eu
ec.europa.eu/eurostat
@EU_Eurostat
Production of data:
Raquel DIAS
Pavel DVORAK
Elvira GOEBEL
Lukas RUCKA
Laura WAHRIG
Tel: +352-4301-37 687
estat-gfs@ec.europa.eu
Media requests: Eurostat media support / Tel: +352-4301-33 408 / eurostat-mediasupport@ec.europa.eu
4. Total revenue from taxes and social contributions in the EU Member States
(as % of GDP)
2005 2010 2014 2015
EU 38.7 38.4 40.0 40.0
Euro area 39.5 39.2 41.5 41.4
Belgium 45.6 45.5 48.0 47.5
Bulgaria 30.5 26.0 28.4 29.0
Czech Republic 34.2 32.6 33.9 34.4
Denmark 49.4 46.3 50.3 47.6
Germany 38.5 38.2 39.7 40.0
Estonia 30.1 33.5 32.8 34.1
Ireland* 31.3 28.5 29.9 24.4
Greece 33.5 34.2 39.0 39.6
Spain 35.9 32.1 34.5 34.6
France 44.5 44.1 47.8 47.9
Croatia 36.2 36.1 36.8 37.6
Italy 39.2 41.7 43.5 43.5
Cyprus 31.4 31.9 33.2 33.0
Latvia 28.1 28.1 29.3 29.5
Lithuania 29.5 28.7 27.9 29.4
Luxembourg 39.2 38.6 39.4 39.1
Hungary 36.8 37.5 38.3 39.2
Malta 33.0 32.5 35.1 34.7
Netherlands 36.1 36.7 38.0 38.2
Austria 42.4 42.1 43.8 44.4
Poland 33.8 32.3 32.9 33.3
Portugal 34.2 33.7 37.1 37.0
Romania 28.3 26.9 27.5 28.0
Slovenia 38.2 37.4 37.0 37.1
Slovakia 31.4 28.2 31.3 32.4
Finland 42.3 40.9 44.0 44.1
Sweden 47.5 44.1 43.5 44.2
United Kingdom 34.6 35.2 34.4 34.9
Iceland 39.7 33.4 38.6 36.7
Norway 42.6 42.0 38.9 38.8
Switzerland 26.7 26.7 27.0 28.1
Serbia 38.9 38.5 37.4 37.3
* See country note.
The source dataset can be found here.
5. Structure of tax revenue in the EU Member States, by main tax category, 2015
(as % of GDP)
Taxes on production
and imports
Of which:
Taxes on income,
wealth, etc.
Of which:
Net social
contributionsVAT
Taxes on individual or
household income*
Taxes on the income or
profits of corporations*
EU 13.6 7.0 13.0 9.4 2.5 13.2
Euro area 13.3 6.8 12.6 9.3 2.5 15.3
Belgium 13.2 6.7 16.7 12.6 3.4 16.7
Bulgaria 15.5 9.0 5.4 3.1 2.1 7.9
Czech Republic 12.5 7.3 7.3 3.6 3.4 14.6
Denmark 16.4 9.4 30.4 26.5 2.6 1.0
Germany 11.0 7.0 12.3 9.1 2.4 16.5
Estonia 14.6 9.2 7.9 5.8 2.1 11.6
Ireland** 8.9 4.7 10.9 7.7 2.7 4.5
Greece 16.2 7.3 9.4 5.4 2.2 13.9
Spain 12.0 6.5 10.1 7.4 2.4 12.3
France 16.0 6.9 12.6 8.8 2.6 18.9
Croatia 19.7 13.0 6.0 3.6 1.9 11.9
Italy 15.3 6.2 14.8 12.2 2.0 13.3
Cyprus 14.9 8.6 9.7 2.7 5.9 8.4
Latvia 13.0 7.7 7.9 5.9 1.6 8.7
Lithuania 12.0 7.7 5.5 3.9 1.5 11.9
Luxembourg 12.2 6.8 14.6 9.2 4.5 12.2
Hungary 18.9 9.7 7.0 5.0 1.7 13.2
Malta 13.7 7.8 14.1 6.8 6.7 6.8
Netherlands 11.7 6.6 11.6 7.7 2.7 14.7
Austria 14.6 7.7 14.4 10.9 2.3 15.4
Poland 13.0 7.0 6.9 4.7 1.8 13.5
Portugal 14.6 8.6 10.8 7.3 3.1 11.6
Romania 13.4 8.1 6.6 3.7 2.3 8.1
Slovenia 15.0 8.3 7.3 5.1 1.5 14.8
Slovakia 11.0 6.9 7.4 3.1 3.7 14.0
Finland 14.3 9.1 16.6 13.3 2.2 12.9
Sweden 22.1 9.1 18.4 15.1 3.0 3.7
United Kingdom 13.0 6.9 13.9 9.2 2.5 7.8
Iceland 15.1 8.3 17.8 13.8 2.4 3.6
Norway 12.0 8.2 16.3 10.7 4.9 10.5
Switzerland 6.1 3.5 15.2 9.2 2.9 6.9
Serbia 19.4 10.2 5.5 3.6 1.7 12.4
* Including taxes on holding gains ** See country note
The shares do not add up to the total due to rounding and other taxes not included in this table. The source dataset can be found here.