Total tax revenues last year amounted to €2,484.4 million, meaning a tax burden of 33.1 per cent, the NSO said today. The tax burden in the previous year was 32.2%.

Total tax revenue last year went up by €175.1 million over the previous year, to €2,484.4 million.

The largest rise in revenue, €105.0 million, was recorded in direct taxes,including income tax, tax on wealth plus capital taxes and other current taxes. In the year under review, these taxes amounted to €1,056.0 million. The rise in direct taxes was mainly the result of additional revenues from corporate and personal income tax of €55.6 million and €50.5 million respectively. Conversely, capital taxes registered a decline of €3.4 million.

Indirect taxes linked to production and imports went up by €47.0 million to €990.9 million, making up 39.9 per cent of total tax revenue. Higher returns

from VAT of €50.0 million were partially offset by lower proceeds from import duties of €4.0 million. 

Social contributions are compulsory actual payments by the employees, employers, as well as self-employed and non-employed persons reached €437.5 million, up by €23.1 million rise over 2012.

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