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Economy > Tax Stats: compare key data on Hungary & Spain

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Definitions

  • Average time to clear customs > Days: Average time to clear customs is the number of days to clear an imported good through customs.
  • Components of taxation > Personal income tax: Personal Income tax as a percentage of total tax collected by the country. Data is for 2002.
  • GDP > Constant LCU: GDP (constant LCU). GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • GDP > Constant LCU per capita: GDP (constant LCU). GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency. Figures expressed per capita for the same year.
  • GDP > Current LCU: GDP (current LCU). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • GDP > Current US$ per capita: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • GDP per capita > Constant LCU: GDP per capita (constant LCU). GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • Highest marginal tax rate > Corporate rate: Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.
  • Highest marginal tax rate > Individual > On income exceeding > US$: Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.
  • Highest marginal tax rate > Individual rate: Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.
  • Tax payments > Number: Tax payments (number). Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.
  • Tax rates: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here."
  • Taxes on income, profits and capital gains > Current LCU: Taxes on income, profits and capital gains (current LCU). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Taxes on income, profits and capital gains > Current LCU per capita: Taxes on income, profits and capital gains (current LCU). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation. Figures expressed per capita for the same year.
  • Total tax wedge > Single worker: The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a single worker without children, earning 100 % of the average wage. Data for 2001, and only for selected OECD countries.
  • GDP > Current LCU per capita: GDP (current LCU). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency. Figures expressed per capita for the same year.
  • GDP > Current US$: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • Taxes on international trade > Current LCU: Taxes on international trade (current LCU). Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
  • Customs and other import duties > Current LCU: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
  • Social security contributions: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments."
  • Taxes on income > Profits and capital gains > Current LCU: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Components of taxation > Social security > Employees contribution: Tax on employee's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.
  • Time to prepare and pay taxes > Hours: Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions."
  • Tax payments > Number per million: Tax payments (number). Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent. Figures expressed per million population for the same year.
  • GNI per capita, Atlas method > Current US$: GNI per capita, Atlas method (current US$). GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.
  • Tax payments > Number > Per capita: Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent." Per capita figures expressed per 1 million population.
  • Components of taxation > Corporate income tax: Corporate Income tax as a percentage of total tax collected by the country. Data is for 2002.
  • Tax Freedom Day > Date of year: Date when the Tax Freedom Day was achieved by countries in the year mentioned. Tax Freedom Day is the first day of the year in which a nation as a whole has theoretically earned enough income to fund its annual tax burden
  • Other taxes > Current LCU: Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes."
  • Tax revenue > Current LCU: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue."
  • Net taxes on products > Current LCU: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.
  • Net taxes on products > Current US$ per capita: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Figures expressed per capita for the same year.
  • Components of taxation > Goods and service tax: Goods and service tax as a percentage of total tax collected by the country. Data is for 2002.
  • Social contributions > Current LCU: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.
  • Value Added Tax > Professional services: Value Added Tax 2002. Whether there is a lower rate for dwellings and if so, what rate.
  • Value Added Tax > Lower rate for dwellings: Value Added Tax 2002. Whether there is a lower rate for dwellings and if so, what rate.
  • Components of taxation > Social security > Contribution by employer: Tax on employer's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.
  • Value Added Tax > Professional services per million: Value Added Tax 2002. Whether there is a lower rate for dwellings and if so, what rate. Figures expressed per million population for the same year.
  • Total tax wedge > Single-income family: The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a married couple with two children, earning 100% of the average wage. Data for 2001. Selected OECD countries only.
  • Taxes on goods and services including sales tax > % value added of industry and services: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies."
  • Taxes on income > Profits and capital gains > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Labor tax and contributions > % of commercial profits: Labor tax and contributions (% of commercial profits). Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.
  • Taxes on goods and services > % value added of industry and services: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
  • Net taxes on products > Current US$ > Per $ GDP: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 billion $ gross domestic product.
  • Taxes on international trade > Current LCU per capita: Taxes on international trade (current LCU). Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes. Figures expressed per capita for the same year.
  • Other taxes > % of revenue: Other taxes (% of revenue). Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.
  • Tax rates > % of managers surveyed ranking this as a major business constraint: Tax rates as a major constraint measure the share of senior managers who ranked tax rates as a major or very severe constraint.
  • Profit tax > % of commercial profits: Profit tax (% of commercial profits). Profit tax is the amount of taxes on profits paid by the business.
  • Firms expected to give gifts in meetings with tax officials > % of firms: Firms expected to give gifts in meetings with tax officials (% of firms). Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"
  • Other taxes payable by businesses > % of commercial profits: Other taxes payable by businesses (% of commercial profits). Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.
  • Total tax rate > % of commercial profits: Total tax rate (% of commercial profits). Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.
  • Total tax rate > % of profit: Total tax rate is the total amount of taxes payable by businesses (except for labor taxes) after accounting for deductions and exemptions as a percentage of profit.
  • GDP > Current US$, % of GDP: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed as a proportion of GDP for the same year
  • GNI > Constant 2000 US$ per capita: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars. Figures expressed per capita for the same year.
  • Tax revenue > % of GDP: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue."
  • Taxes on international trade > % of revenue: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes."
  • Grants and other revenue > Current LCU: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Revenue > Excluding grants > Current LCU: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here."
  • Social security contributions > Current LCU: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments."
  • Taxes on income > Profits and capital gains including income tax > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Taxes on income, profits and capital gains > % of total taxes: Taxes on income, profits and capital gains (% of total taxes). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Taxes on income, profits and capital gains > % of revenue: Taxes on income, profits and capital gains (% of revenue). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Taxes on income > Profits and capital gains > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • GNI > Constant 2000 US$: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars.
  • Net taxes on products > Constant LCU: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in constant local currency.
  • Taxes on goods and services > Current LCU: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies."
  • Average number of times firms spent in meetings with tax officials per million: Average number of times firms spent in meetings with tax officials. Average number of times management met with tax officials is the average number of visits or required meetings with tax officials. Figures expressed per million population for the same year.
  • Net taxes on products > Current US$: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.
  • Average number of times firms spent in meetings with tax officials: Average number of times firms spent in meetings with tax officials. Average number of times management met with tax officials is the average number of visits or required meetings with tax officials.
  • GDP growth > Annual %: GDP growth (annual %). Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • GDP per capita > Current LCU: GDP per capita (current LCU). GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • Taxes on goods and services > % of revenue: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies."
  • Grants and other revenue > % of revenue: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Customs and other import duties > % of tax revenue: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
  • Net taxes on products > Current US$ > Per capita: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Per capita figures expressed per 1,000 population.
  • Revenue, excluding grants > % of GDP: Revenue, excluding grants (% of GDP). Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.
  • Social contributions > % of revenue: Social contributions include social security contributions by employees, employers, and self-employed individuals, and other contributions whose source cannot be determined. They also include actual or imputed contributions to social insurance schemes operated by governments.
  • Taxes on income > Profits and capital gains including income tax > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • GNI > Constant 2000 US$, % of GDP: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars. Figures expressed as a proportion of GDP for the same year
STAT Hungary Spain HISTORY
Average time to clear customs > Days 3.33 days
Ranked 19th.
3.68 days
Ranked 16th. 11% more than Hungary
Components of taxation > Personal income tax 20.3%
Ranked 20th. 5% more than Spain
19.4%
Ranked 21st.
GDP > Constant LCU 21.78 trillion
Ranked 15th. 23 times more than Spain
933.15 billion
Ranked 71st.

GDP > Constant LCU per capita 2.19 million
Ranked 14th. 108 times more than Spain
20,190.17
Ranked 114th.

GDP > Current LCU 28.05 trillion
Ranked 23th. 27 times more than Spain
1.03 trillion
Ranked 88th.

GDP > Current US$ per capita $12,530.53
Ranked 54th.
$28,624.47
Ranked 27th. 2 times more than Hungary

GDP per capita > Constant LCU 2.19 million
Ranked 14th. 108 times more than Spain
20,190.17
Ranked 114th.

Highest marginal tax rate > Corporate rate 16%
Ranked 92nd.
30%
Ranked 34th. 88% more than Hungary

Highest marginal tax rate > Individual > On income exceeding > US$ $8,014.00
Ranked 60th.
$71,447.00
Ranked 25th. 9 times more than Hungary

Highest marginal tax rate > Individual rate 36%
Ranked 31st.
43%
Ranked 14th. 19% more than Hungary

Tax payments > Number 12
Ranked 137th. 50% more than Spain
8
Ranked 160th.

Tax rates 40.65
Ranked 10th. 65% more than Spain
24.61
Ranked 55th.

Taxes on income, profits and capital gains > Current LCU 1.71 trillion
Ranked 14th. 29 times more than Spain
58.8 billion
Ranked 54th.

Taxes on income, profits and capital gains > Current LCU per capita 171,093.43
Ranked 12th. 134 times more than Spain
1,273.51
Ranked 77th.

Total tax wedge > Single worker 52.6%
Ranked 2nd. 39% more than Spain
37.9%
Ranked 15th.
GDP > Current LCU per capita 2.82 million
Ranked 22nd. 127 times more than Spain
22,264.12
Ranked 131st.

GDP > Current US$ $124.60 billion
Ranked 54th.
$1.32 trillion
Ranked 14th. 11 times more than Hungary

Taxes on international trade > Current LCU -9,000,000
Ranked 97th.
21 million
Ranked 98th.

Customs and other import duties > Current LCU -51,000,000
Ranked 69th.
21 million
Ranked 77th.

Social security contributions 33.63%
Ranked 20th.
52.09%
Ranked 2nd. 55% more than Hungary

Taxes on income > Profits and capital gains > Current LCU 2.73 trillion
Ranked 5th. 35 times more than Spain
76.88 billion
Ranked 40th.

Components of taxation > Social security > Employees contribution 6.2%
Ranked 21st. 11% more than Spain
5.6%
Ranked 23th.
Time to prepare and pay taxes > Hours 330
Ranked 46th. 55% more than Spain
213
Ranked 94th.

Tax payments > Number per million 1.21
Ranked 124th. 7 times more than Spain
0.173
Ranked 173th.

GNI per capita, Atlas method > Current US$ $12,380.00
Ranked 49th.
$29,620.00
Ranked 24th. 2 times more than Hungary

Tax payments > Number > Per capita 1.41 per 1 million people
Ranked 116th. 7 times more than Spain
0.198 per 1 million people
Ranked 160th.

Components of taxation > Corporate income tax u6.2%
Ranked 23th.
u9.1%
Ranked 12th. 47% more than Hungary
Tax Freedom Day > Date of year 5/20/2011 5/21/2011
Other taxes > Current LCU 171.39 billion
Ranked 5th. 947 times more than Spain
181 million
Ranked 64th.

Tax revenue > Current LCU 6.28 trillion
Ranked 7th. 54 times more than Spain
116.56 billion
Ranked 46th.

Net taxes on products > Current LCU 3045686000000 94146000000
Net taxes on products > Current US$ per capita 1,486.29$
Ranked 26th.
2,697.87$
Ranked 13th. 82% more than Hungary

Components of taxation > Goods and service tax 37.4%
Ranked 7th. 31% more than Spain
28.6%
Ranked 20th.
Social contributions > Current LCU 2771304000000 116788000000
Value Added Tax > Professional services 25%
Ranked 1st. 4 times more than Spain
7%
Ranked 24th.
Value Added Tax > Lower rate for dwellings 0.0
Ranked 17th.
0.0
Ranked 9th.
Components of taxation > Social security > Contribution by employer 23.8%
Ranked 6th.
24.9%
Ranked 4th. 5% more than Hungary
Value Added Tax > Professional services per million 2.46%
Ranked 14th. 15 times more than Spain
0.169%
Ranked 24th.
Total tax wedge > Single-income family 38.9%
Ranked 5th. 25% more than Spain
31%
Ranked 13th.
Taxes on goods and services including sales tax > % value added of industry and services 15.6%
Ranked 13th. 4 times more than Spain
4.08%
Ranked 69th.

Taxes on income > Profits and capital gains > % of total taxes 33.03%
Ranked 31st.
59.67%
Ranked 5th. 81% more than Hungary

Labor tax and contributions > % of commercial profits 34.6%
Ranked 16th.
36.8%
Ranked 11th. 6% more than Hungary

Taxes on goods and services > % value added of industry and services 16.66%
Ranked 11th. 3 times more than Spain
5.57%
Ranked 73th.

Net taxes on products > Current US$ > Per $ GDP 149.08$ per $1 billion of GDP
Ranked 21st. 1433 times more than Spain
0.104$ per $1 billion of GDP
Ranked 59th.

Taxes on international trade > Current LCU per capita -0.9
Ranked 96th.
0.492
Ranked 102nd.

Other taxes > % of revenue 2.28%
Ranked 45th. 31 times more than Spain
0.0743%
Ranked 89th.

Tax rates > % of managers surveyed ranking this as a major business constraint 49.68%
Ranked 4th. 3 times more than Spain
18.74%
Ranked 27th.
Profit tax > % of commercial profits 11.6%
Ranked 124th.
21.2%
Ranked 60th. 83% more than Hungary

Firms expected to give gifts in meetings with tax officials > % of firms 0.7%
Ranked 48th.
14.3%
Ranked 31st. 20 times more than Hungary
Other taxes payable by businesses > % of commercial profits 3.5%
Ranked 74th. 6 times more than Spain
0.6%
Ranked 155th.

Total tax rate > % of commercial profits 49.7%
Ranked 43th.
58.6%
Ranked 28th. 18% more than Hungary

Total tax rate > % of profit 57.5%
Ranked 33th. 1% more than Spain
56.9%
Ranked 36th.

GDP > Current US$, % of GDP 99.28%
Ranked 151st. 1% more than Spain
98.04%
Ranked 161st.

GNI > Constant 2000 US$ per capita $10,400.23
Ranked 38th.
$24,820.14
Ranked 23th. 2 times more than Hungary

Tax revenue > % of GDP 23.61%
Ranked 20th. 2 times more than Spain
10.71%
Ranked 79th.

Taxes on international trade > % of revenue 0.0
Ranked 70th.
0.01%
Ranked 86th.

Grants and other revenue > Current LCU 971.91 billion
Ranked 8th. 68 times more than Spain
14.23 billion
Ranked 52nd.

Revenue > Excluding grants > Current LCU 10.82 trillion
Ranked 5th. 40 times more than Spain
267.87 billion
Ranked 41st.

Social security contributions > Current LCU 3.68 trillion
Ranked 2nd. 26 times more than Spain
142.22 billion
Ranked 18th.

Taxes on income > Profits and capital gains including income tax > % of total taxes 43.42%
Ranked 31st.
65.96%
Ranked 5th. 52% more than Hungary

Taxes on income, profits and capital gains > % of total taxes 28.86%
Ranked 64th.
58.5%
Ranked 9th. 2 times more than Hungary

Taxes on income, profits and capital gains > % of revenue 12.5%
Ranked 83th.
21.74%
Ranked 55th. 74% more than Hungary

Taxes on income > Profits and capital gains > % of revenue 18.56%
Ranked 36th.
27.12%
Ranked 25th. 46% more than Hungary

GNI > Constant 2000 US$ $104.00 billion
Ranked 48th.
$1.15 trillion
Ranked 11th. 11 times more than Hungary

Net taxes on products > Constant LCU 2532777000000 73999600000
Taxes on goods and services > Current LCU 3.38 trillion
Ranked 5th. 86 times more than Spain
39.5 billion
Ranked 50th.

Average number of times firms spent in meetings with tax officials per million 0.0798
Ranked 44th. 2 times more than Spain
0.0346
Ranked 34th.
Net taxes on products > Current US$ 15.02 billion$
Ranked 27th.
117.08 billion$
Ranked 6th. 8 times more than Hungary

Average number of times firms spent in meetings with tax officials 0.8
Ranked 47th.
1.5
Ranked 23th. 88% more than Hungary
GDP growth > Annual % -1.7%
Ranked 171st. 4% more than Spain
-1.641%
Ranked 170th.

GDP per capita > Current LCU 2.82 million
Ranked 22nd. 127 times more than Spain
22,264.12
Ranked 131st.

Taxes on goods and services > % of revenue 30.96%
Ranked 50th. 2 times more than Spain
14.47%
Ranked 78th.

Grants and other revenue > % of revenue 8.89%
Ranked 63th. 71% more than Spain
5.21%
Ranked 74th.

Customs and other import duties > % of tax revenue 0.0
Ranked 65th.
0.02%
Ranked 83th.

Net taxes on products > Current US$ > Per capita 1.49 million$ per 1,000 people
Ranked 26th.
2.7 million$ per 1,000 people
Ranked 13th. 82% more than Hungary

Revenue, excluding grants > % of GDP 48.24%
Ranked 3rd. 2 times more than Spain
23.61%
Ranked 59th.

Social contributions > % of revenue 34.86%
Ranked 13th.
48.02%
Ranked 2nd. 38% more than Hungary

Taxes on income > Profits and capital gains including income tax > % of revenue 24.96%
Ranked 38th.
28.16%
Ranked 30th. 13% more than Hungary

GNI > Constant 2000 US$, % of GDP 81.28%
Ranked 40th.
85.01%
Ranked 19th. 5% more than Hungary

SOURCES: World Development Indicators database; OECD Revenue Statistics; World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; KPMG's Corporate and Indirect Tax Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).; KPMG's Individual Income Tax and Social Security Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).; World Bank, Doing Business project (http://www.doingbusiness.org/).; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators.; International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; OECD; International Monetary Fund, Government Finance Statistics Yearbook and data files.; World Bank, Doing Business project (http://www.doingbusiness.org/). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; Various sources compiled into Wikipedia's Tax Freedom Day; World Development Indicators database. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; Parliamentary Assembly of the Council of Europe; Parliamentary Assembly of the Council of Europe. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.; World Bank, Enterprise Surveys; World Bank national accounts data. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; World Bank, Enterprise Surveys. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. World Bank World Development Indicators.; World Bank national accounts data. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.

Citation

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