![]() ![]() The increase in 2021 was driven by both personal income taxes as well as corporate income taxes.įrom 2008 to 2009, the share of (net) social contributions increased by 0.5 pp to 14.4 % of GDP, then decreased from 2009 to 2010. From 2018 to 2020 the ratio remained stable again, to increase in 2021. to GDP remained stable between 20, before increasing slightly between 20. While the ratio of current taxes on income, wealth, etc. as a % of GDP decreased from 2007 to 2010, but increases were seen in the period from 2011 to 2013. Revenue from current taxes on income, wealth, etc. stood at 13.3 % of GDP, while net social contributions stood at 14.3 % of GDP. In 2021 in the EU, taxes on production and imports accounted for 13.8 % of GDP and current taxes on income, wealth, etc. In 2021, tax revenue made up nearly 90 % of total general government revenue in the European Union. This is a continuation of the trend since 2010 with two exceptions in 20 when the tax-to-GDP ration decreased slightly. Some of the tax deferral measures continued into 2021.Īs a percentage of GDP, EU and euro area tax revenue increased in 2021. This means that taxes were accrued as revenue in 2020 but will only paid in following periods, leading to an increase in the accounts receivable of general government. Another reason for the increase is that active tax cutting measures introduced in 2020 to mitigate the economic downturn caused by the COVID-19 pandemic were partially reversed in 2021.Īlmost all Member States introduced measures for the deferral of tax and social contribution payments in 2020. ![]() The increase in government total tax revenue was due to this economic recovery (automatic stabiliser effects). ![]() In 2021 tax revenue was impacted by the partial re-opening and recovery of the economy. Compared with 2020, an increase in the ratio is observed for the EU as well as in the euro area.įrom 2020 to 2021, EU tax revenue increased by €520 billion and euro area tax revenue increased by €433 billion. As a ratio of GDP, in 2021 tax revenue (including net social contributions) accounted for 41.7 % of GDP in the European Union ( EU) and 42.2 % of GDP in the euro area (EA-19). ![]()
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