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Saturday, 20.04.2024, 04:02
PwC considers Estonia again a high tax burden state in 2014
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The Estonian businesses tax burden amounts to 49.3% of the company's pre-tax profit, as compared to the European average of 41%. Only seven countries in Europe have higher tax burden, including Sweden, Greece and Europe's highest tax burden country – France. The lowest tax burden is in Croatia, 18.8%.
Finnish tax burden is according to the analysis, 40% of the company's pre-tax profits, the tax burden is 35% in Latvia and 42.6% in Lithuania profits.
For Estonian enterprises, income tax forms 8.4%, labour taxes 39% and other taxes 1.9% of pre-tax profits.
However, it is easy to pay taxes in Estonia. Businesses must pay a total of seven taxes, being on the third place in Europe after Norway (4), and Sweden (6). Companies in Cyprus have the highest number of taxes, 29.
It takes Estonian companies 81 hours to prepare, declare and pay taxes, with which they are on the fifth place in Europe.
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