“Relating the tax burden with the nominal growth rate of GDP at market prices, it appears that in 2014 the fiscal revenue grew at a slightly slower pace than GDP, observing rates of 2.0% and 2.2 %, respectively, “the INE in the bulletin of tax revenue statistics, released today.
Increasing the tax burden was influenced by the positive performance of indirect taxes, which increased by 4.7%, and social contributions, which grew 3.3%, while direct taxes registered the opposite trend, falling 2.4%.
In direct taxes stands out an increase of 1.5% in tax personal income (IRS) and a decrease of 11.1% in tax personal income Collective (IRC).
For this reduction in IRC contributes Tax Credit regime extraordinary Investment (effective in the second half of 2013) and the Exceptional Regime of Tax Debt Settlement and Social Security (RERD), which empolaram the revenue from these taxes in 2013, explains the institute
In indirect, there is an increase of 7% of tax revenue on value added tax (VAT), and 15.8% of revenue from property taxes (IMI).
On the contrary, revenue from the tobacco tax and the stamp duty decreased by 1.1% and 2.6%, respectively.
Actual social contributions grew by 3.3%, a result that INE deemed to have been influenced by budgetary changes that affected the reserve base, as well as the increase of the employed population in 2014.
The INE argues that the increase of the effective social contributions of households is related to employment growth, with the reformulation of the extraordinary solidarity contribution, made by amending budget that broadened the tax base of this contribution, and the positive impact on due contributions the reversal of the reduction measure of compensation of employees in public administration
“The INE also compares tax burdens of Portugal with the rest of Europe:” It appears that Portugal continued to present a tax burden (34.1%) lower than the average of the UE28, which stood at 39.2%. Between 2010 and 2014, Portugal has been approaching this average, rising four places in all the countries of UE28 “he concludes.
tags: Exceptional Regularization,
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