According to Eurostat data, Bulgaria 's tax-to-GDP ratio is among the lowest in the European Union. In 2023, the overall tax-to-GDP ratio for the EU, which includes the sum of taxes and net social contributions as a percentage of gross domestic product ( GDP ), was recorded at 40.0%. This figure represents a decrease from 40.7% in 2022. Similarly, the tax-to-GDP ratio within the euro area also declined, dropping from 41.4% in 2022 to 40.6% in 2023. In absolute terms, revenues from taxes and