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Portugal tax burden rises to 41.2% in 2014

byCustoms Today Report
15/04/2015
in Uncategorized
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LISBON: Figures released last night by the Organisation for Economic Cooperation and Development showed that the proportion of salaries in Portugal absorbed by tax and social security contributions has risen by 3.9 percent the past 15 years.

The contributions had fallen by just under 1 percent since the year 2000 in member countries, but that the tax and social security burden on single, childless workers in Portugal had climbed to 41.2 percent, almost four percent higher than other members. Portugal was also placed 11th in terms of the heaviest tax and social security burdens on workers.

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