In 2004, Hungary’s central budget collected 39.2 % of GDP through taxes and social security contributions. This rate was a tad higher, 39.9%, in Slovenia, and lower everywhere else among the EU’s new entrants.
The overall EU average was 40.7%, Eurostat’s report said. It added, however, that in 2005 Hungary had reduced taxes to 38.8 % of GDP, and further cuts were expected in 2006. Lithuanian taxpayers enjoy the lowest taxes in the community. In 2004, taxes in Lithuania made up only 28.7 % of GDP. The highest taxes are levied in Sweden (51.2%) and in Denmark (49.95%), the report said.
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