TAXATION IN THE EU.
VAT Rate (1 January, 2015)
The value-added tax is a consumption tax that applies to most goods and services sold.
Direct and Indirect Taxes (2015)
Direct taxes – on income, property or capital – are imposed on individuals or bussinesses and collected directly by the government.
Indirect taxes – VAT and excise duties – target consumption and are collected for the government by an intermediary such as a store.
• Indirect taxes
• Direct taxes
• % of gross domestic product
Total Tax Revenue per EU Member State (2012)
The total tax revenue is the revenue governments generate through the taxation of people and enterprises. It includes taxes on labour, consumption and capital.
Gross Domestic Product per capita in PPS
PPS – purchasing power standard – is an artificial common currency unit that eliminates the differences in price levels between countries, allowing a meaningful comparison of gross domestic product (GDP). GDP per capita in PPS is expressed in relation to the EU28 average set to equal 100.