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The report “ has been published
Paying Taxes 2015” survey by PwC PricewaterhouseCoopers covering 189 economies worldwide.
For medium-sized companies in the EU and the European Free Trade Association (EFTA), Bulgaria's overall taxation places it sixth.
The total tax rate (including labour costs) in Bulgaria is 27%, ranking sixth after Croatia (18.8%), Luxembourg (20.2%), Cyprus (23.2%) and Ireland (25.9%).
In the ‘number of payments’ category, understood as tax compliance obligations, Bulgaria ranks 22nd among the same countries, with 13 payments.
Overall, Bulgaria ranks 89th out of 189 countries, with a total profit tax rate of 5%, a total labour tax rate of 20%, and 1.8% in other taxes.
Italy ranks 141st among the 189 countries analysed, with a total tax burden of 65.4%.
The PwC survey records the taxes and compulsory contributions that a medium-sized company must pay in a given year; it also analyses the administrative burden required to pay taxes and contributions.
The taxes and contributions measured include corporate income and other profit taxes, social contributions and labour taxes paid by employers, property taxes, transfer taxes, dividend taxes, capital gains tax, financial transaction tax, waste collection charges, vehicle and road taxes, and any other minor taxes or charges.