BRATISLAVA, November 30, (WEBNOVINY) — The Slovak Parliament voted on Wednesday to approve changes to excise taxes that should bring an additional almost 30 million euros to state coffers next year. The approved amendment to the excise tax on mineral oils among others changes the scheduled increase of the excise tax on tobacco products from March 1, 2013 to February 1, 2012.
According to Finance Minister Ivan Miklos, the 2012 increase will only be partial, followed by another one in 2013. “It will be 55.7 euros per thousand pieces of cigarettes in the first and 58 euros in the second phase,” informed Miklos on details of the increase. The minister also explained that increasing the tax in two phases should reduce the differences between cigarette prices in Slovakia and in the surrounding countries, bringing some 31 million euros to the state budget in 2011.
The amendment also increases the tax on heating oil and introduces a tax on lubricants and other oils as well. In addition to increasing tax rates, the amendment also introduces new measures to fight tax evasion while also creating an environment for introducing the Unitas project of unified collection of taxes, customs duties, and payroll levies.
SITA