Tax Collection 15 % behind the Plan over Two Months

BRATISLAVA, March 8, (WEBNOVINY) — Slovakia’s tax revenue over the first two months of this year represented EUR 1.242 billion, which is almost 15 percent behind the budgeted volume. The plan was thus met at 85.47 percent. Non-tax revenues of the state budget reached EUR 29.8 million, according to the Tax Directorate of the Slovak Republic.

Revenue from income tax, profit and capital gains tax reached EUR 187.7 million, which represented 58.37 percent of the budgeted level. Domestic taxes on goods and services of EUR 1.047 billion reported better development, representing 93.01 percent of the budgeted level. Collection of excise taxes totaled EUR 339 million and accounted for 97.56 percent of the budgeted level. The collection of value-added tax amounted to EUR 707.8 billion, meeting the plan to 90.98 percent. Considering non-tax revenues, the state collected EUR 21 million in administrative fees.

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