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Portuguese sees 41.5 pct of salaries taxed in 2016

Xinhua, April 11, 2017 Adjust font size:

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. Endit