Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

Portuguese sees 41.5 pct of salaries taxed in 2016

April 12, 2017


Abstract : Around 41.5 percent of Portuguese citizens' salaries went to tax and social security payments in 2016, according to figures released on Tuesday by the Organization for Economic Cooperation and Development (OECD).

LISBON, April 11 (Xinhua) -- Around 41.5 percent of Portuguese citizens' salaries went to tax and social security payments in 2016, according to figures released on Tuesday by the Organization for Economic Cooperation and Development (OECD).

The figures were below those seen in 2015, when the percentage of citizens' salaries that went to tax summed to 42.1 percent.

Portugal is the 12th county among member states that pays the most in tax, above Greece (40.2 percent) and Spain (39.5 percent), but below Belgium (54 percent) and Germany (49.4 percent).

Portugal is above the OECD average in term of tax payments, which was 36 percent, according to the Taxing Wages report.

The socialist government led by Prime Minister Antonio Costa has promised to reverse austerity after three years of tax hikes and spending cuts carried out by the previous administration, following an international bailout in 2011.

Scan the QR code and push it to your mobile phone

Keyword: Portugal salary-tax

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial