Categories: Greek NEWS

Greece high on environmental taxes

Greece is amongst the EU States with the highest environmental tax revenue at nearly twice the EU average.

According to the latest data from Eurostat, EU environmental taxes accounted for 5.4% of the revenue from taxes and social contributions in 2020. This share varied significantly across EU Member States. Slovenia (12.3%), Latvia (10.1%), Bulgaria (9.9%) and Greece (9.1%) recorded the largest shares in the EU, whereas Germany (4.1%), Slovakia (4.0%) and Luxembourg (3.5%) recorded the smallest shares.

In 2020, environmental tax revenue in the EU amounted to €299.9 billion, corresponding to 2.2% of GDP.

For the first COVID-19 crisis year of 2020, the majority of the countries reported significant decreases in energy taxes compared with 2019. The typical range of decrease was between 5% and 15%.

Ads1

Ads1
Alex Constantine

Recent Posts

January 25, Feast Day of Saint Gregory the Theologian

On January 25 the Greek Orthodox Church celebrates the Feast Day of Saint Gregory the…

3 hours ago

North Macedonia's PM Mickoski Questions Greece's Stance on the 'Macedonian Issue'

North Macedonia's Prime Minister, Hristijan Mickoski, has suggested that Greece might harbor a guilty conscience…

4 hours ago

European Commission Concludes Initial Probe into Social Media Platform X, Considers Multi-Million Euro Fine

The European Commission has wrapped up its preliminary investigation into the social media platform X…

4 hours ago

Perdiccas III of Macedon, a reign characterised by defending his borders against the Illyrians

Perdiccas III of Macedon (reigned 368–359 BCE) was a ruler of the ancient Kingdom of…

10 hours ago

Jamie Dimon Praises Elon Musk and Signals Reconciliation During World Economic Forum

JPMorgan Chase CEO Jamie Dimon praised Tesla's Elon Musk during an interview at the World…

12 hours ago