LJUBLJANA (Slovenia), November 25 (SeeNews) – Slovenia has the lowest revenue from taxes on corporate income as percentage of GDP for 2015 among all EU member states, the EU's statistics office Eurostat said on Friday.
The corporate tax revenue-to-GDP ratio in Slovenia is 1.5%, which compares to an EU average of 2.5%, Eurostat said in its Taxation in the EU Member States study.
However, in terms of total revenue from taxes and social contributions measured as percentage of GDP, Slovenia, with its 37.1%, stands relatively close to the EU average of 40.0%. This is mainly due to the country’s high income from taxes on production and imports, as well as income from social contributions, which are both above the EU average.
Romania and Bulgaria are at the bottom of the ranking, with only Ireland having a lower total revenue from taxes and social contributions. Bulgaria’s revenue from taxes on income as percentage of GDP stands at 5.4%, the lowest among member states.
Details about tax revenue in the EU member states in Southeast Europe follow:
|
Total revenue from taxes and social contributions |
Taxes on production and imports |
Taxes on income, wealth, etc. |
Net social contributions |
Total |
Individuals |
Corporations |
EU average |
40.0% |
13.6% |
13.0% |
9.4% |
2.5% |
13.2% |
Bulgaria |
29.0% |
15.5% |
5.4% |
3.1% |
2.1% |
7.9% |
Croatia |
37.6% |
19.7% |
6.0% |
3.6% |
1.9% |
11.9% |
Romania |
28.0% |
13.4% |
6.6% |
3.7% |
2.3% |
8.1% |
Slovenia |
37.1% |
15.0% |
7.3% |
5.1% |
1.5% |
14.8% |