BRATISLAVA, April 8, (WEBNOVINY) — Corporate and personal income tax revenue in the first three months of this year exceeded the Finance Ministry’s expectations. Personal income tax collection totaled EUR 468.8 million in late March, which is 4.9 percent more than the aliquot budgeted projection. Corporate income tax collection amounted to EUR 527.3 million, overstepping the budgeted volume by 26 percent.
Nonetheless, overall tax revenues fro the first quarter of this year lagged 8.5 percent behind the budget, reaching EUR 1.993 billion at the end of the third month. Non-tax revenues represented EUR 45.1 million, while administrative fees formed the largest portion, namely EUR 31.5 million.
Domestic taxes on goods and services of EUR 1.4 billion represented 83.23 percent of the budgeted level. Collection of excise taxes totaled EUR 442.3 million and accounted for 84.87 percent of the budgeted level. The collection of value-added tax amounted to EUR 962.8 billion, meeting the plan to 82.5 percent.
Tax and customs offices are expected to collect EUR 8.717 billion this year. Last year, tax revenues of the state reached EUR 7.962 billion, down 0.8 percent y/y. Non-tax revenues of the state budget dropped 17.7 percent y/y last year to EUR 681.3 million.
SITA
