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Portuguese paid €60 billion in tax last year

tractorplougingThe Portuguese public paid nearly €60 billion in taxes last year, up 2% with income and property taxes leading the rise.

According to the National Institute of Statistics, direct taxes declined, but indirect taxes and social security payments increased.

The €59,600 million shelled out in tax by a struggling public last year represented 34.4% of gross domestic product, down slightly from 34.5% the previous year as the economy grew slightly.

According to the National Institute of Statistics, direct taxes were up with income tax receipts rising 1.5% but the killer was VAT, up by 7% as more businesses trade legitimately.

Receipts from property rates rose 15.8% as the governments scheme to revalue the country’s building stock brought many low rated buildings up to a market value and a consequent rise in valor partimonial.

The country either is smoking less or more illegal imports are depressing the tobacco tax take, down 1.1%.

Social Security receipts were up by 3.3% as missing payments have been pursued with greater vigour and the numbers employed has risen.

Portugal as a nation continued to pay a lower tax burden in 2014 than the EU average: 34.1% compared with 39.2% for the 28 European nations.

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Comments  

-8 #2 Rob Taylor 2015-05-16 09:06
Just a few years ago we were hearing bizarre stories of 60% of Portugal's working population was either not taxed or insufficiently taxed. And that a similar % of the GDP was not in being declared.

So where are we now ? How many thousands of the population are still not engaged.

Greece is making much noise about 'sharing the burden'. Making those who can pay more - pay more. How many years behind is Portugal ?
-7 #1 Jorge123 2015-05-15 21:04
I guess the politicians gave themselves a party and a raise.

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