Spectator on facebook

Spectator on facebook

Slovaks pay lowest income tax in EU but not lowest total tax

SLOVAKIA, with its 19-percent flat-tax, has the lowest average income tax level in the whole of the EU. However, the country's total tax burden, including other contributions, is not the EU's lowest, according to information released by the Eurostat agency on October 21, the TASR news agency reported.

The average level of tax paid by the highest earners in the EU is 41.1 percent. After Slovakia, the lowest levels of income tax paid by the highest earners are in Estonia (24 percent), Latvia (25 percent) and Cyprus (30 percent). The highest income taxes are paid by top earners in Denmark (59 percent), Sweden (56.5 percent), Finland (52.1 percent) and The Netherlands (52.0 percent).

The average level of corporate tax in the EU is 26.3 percent. The lowest levels of corporate tax are in Cyprus (10 percent), Ireland (12.5 percent), and Latvia and Lithuania (both 15 percent). Companies in Slovakia also pay 19-percent tax. The highest levels of corporate tax are in Germany (38.6 percent), Italy (37.3 percent), Spain, and Malta (both 35 percent).

For 2003, the total average tax burden, including income tax and various other contributions, was 40.3 percent in the EU. The highest total tax burdens were in Sweden (50.8 percent) and Denmark (48.8 percent), while the lowest were in Lithuania (28.5 percent) and Latvia (28.9 percent).

According to Eurostat, the total tax burden in Slovakia was 30.6 percent in 2003, which represents a fall of 10 percent from 1995.

Compiled by Marta Ďurianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Socialism elections were parody of free vote

After the revolution in 1989 the number of people participating in elections fell from 99 percent to around 60 percent.

Elections during socialism regime.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between November 17 and November 26, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Lúčnica

Top 3 stories from Last Week in Slovakia Video

Chinese could produce e-cars in Slovakia - PM Robert Fico does not see election defeat - Poliačik leaves the strongest opposition party

PM Robert Fico

Ecocide! How Slovakia destroys its national parks

Officially, the number of forests in Slovakia keeps growing but satellite shots of the national parks evoke horrors.

logging at Muránska Planina