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Study Points Out High Italian Energy Taxes

by Ulrika Lomas, Tax-News.com, Brussels

03 October 2014


CGIA of Mestre, Italy's association of sole traders and small businesses, has pointed out that, at an average of around 49 percent, the tax burdens on Italian electricity and gas charges are both placed at fifth highest among European Union (EU) countries.

In the light of this information, CGIA's General Secretary Giuseppe Bortolussi requested that the Government should consider a reduction in energy taxes, so as to cut its overall price level in this difficult financial period for both Italian families and small businesses.

Within the EU, Denmark is found to have the highest incidence of taxes on natural gas, at 128.1 percent, followed by Rumania at 88.7 percent, Sweden at 77.5 percent, the Netherlands at 62.9 percent, and then Italy at 48.6 percent. The EU average is 28.9 percent.

With regard to electricity, Denmark again has the highest taxation at 114.3 percent, with Germany at 90.2 percent, Portugal at 75.5 percent, Sweden at 55.3 percent, and Italy at 49.1 percent. The average EU tax rate for electricity is a high 43.8 percent.

TAGS: individuals | artisans | tax | small business | business | Denmark | Netherlands | Portugal | energy | excise duty | self-employment | tax rates | Germany | Italy | Sweden | Europe

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