BRATISLAVA, December 19, (WEBNOVINY) — Eleven-month excise tax collection in Slovakia lags behind projections in the state budget, but has exceeded last year’s level. The state collected EUR 1.833 billion as of late November, which represented 88 percent of the annual plan. Regarding the volume expected to be collected by late November, the state collected nearly 96 percent. Compared with a year ago, excise tax collection swelled by over three percent.
Collected excise tax on liquor represented EUR 181.6 million in the eleven-month period, down 3 percent y/y. Collection of excise tax on wine totaled EUR 3.321 million, down 3.3 percent y/y. On the other hand, a 3.7-percent y/y increase to EUR 53.7 million was reported in collection of excise tax on beer, while tobacco products brought tax revenue of EUR 577.2 million or 3.2 percent more than a year ago. Excise tax on mineral oils represented EUR 982.2 million, up 4 percent.
Collected excise tax on electricity at EUR 14.9 million exceeded last year’s level by 13.7 percent, while revenues from excise tax on natural gas swelled 3.9 percent to EUR 20.1 million. On the contrary, excise tax on coal brought 17 percent less than a year ago, namely EUR 475,000.
Government tax revenue collected over the first eleven months of 2011 represented 88.8 percent of the overall projections for the year. Tax collection as of late November reached EUR 7.801 billion, which was EUR 254 million or 3.2 percent less than the plan. Non-tax revenues represented EUR 227.4 million.
SITA
