Success Rate of Tax Collection Moderately Worsened Last Year

BRATISLAVA, May 9, (WEBNOVINY) — Last year’s success rate of tax collection by the tax administration of the Slovak Republic reached 97.57 percent. The Finance Ministry set a goal for the tax administration to achieve a success rate of taxes payable in the current year to the paid tax at 96 percent. The Tax Directorate reported that the achieved rate thus exceeded the set goal. The tax administration reaches the required success rate on all levels with the exception of personal income tax, where the volume of paid to due tax reaches only 87.17 percent, the Tax Directorate commented. In 2009, the success rate of tax collection was 97.74 percent.

One of the goals of the tax administration is to increase its efficiency, measured as the ratio of gross tax revenue and other revenues per employee. The set target for last year was EUR 2.423 million, while the actual efficiency rate was EUR 1.960 million, which means fulfillment of the plan to 81 percent. The Tax Directorate ascribes the result to unfavorable economic situation. With regard to the ongoing economic crisis, resulting in a profit shortfall in the corporate sector , these results reflected in tax revenues already in 2009, and continuing in 2010, the tax authority commented, adding that the steepest downfall was in income tax revenues, which is behind the low fulfillment of the measured indicator.

The average number of employees of in the national tax administration was 5,698 last year. Their average monthly wage was EUR 865.12, up 6.5 percent y/y.

SITA