Analytics, Estonia, EU – Baltic States, Financial Services, Taxation, Wages
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 20:55
Estonia's tax burden was higher than OECD average in 2016
Estonia's VAT burden was 14.9%, income tax burden 7.8%, social tax burden 11.6% and property tax burden 0.3%.
On aggregate, the average tax-to-GDP ratio for all OECD member states rose again in 2016, to 34.3%, compared to 34.0% in 2015. On average, the OECD tax-to-GDP ratio is now higher than at any point since 1965, including prior peaks in 2000 and in 2007.
In 2016, the highest tax-to-GDP ratios were recorded in Denmark, 45.9%, France, 45.3%, and Belgium, 44.2%, and the lowest in Mexico, 17.2%, Chile, 20.4%, and Ireland, 23.0%. All but five countries - Canada, Estonia, Ireland, Luxembourg and Norway - have increased their tax-to-GDP ratio since 2009, the post-financial crisis low-point for tax revenues in the OECD.
In 2016, the largest increases in tax-to-GDP ratios were seen in Greece, 2.2 percentage points, and in the Netherlands, 1.5 perccentage points. The largest decreases were seen in Austria and New Zealand, at one percentage point.