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January: Slovakia revenues at €800 millFocus short
4 Mar 2013 Compiled by Spectator staff Finances and Advisory
SLOVAKIA collected €800 million in taxes during January of this year. Based on preliminary data Slovakia’s Financial Directorate January tax revenue accounted for
Revenue from income tax, profit and capital gains tax earned the state budget €152.4 million, representing 6.4 percent of the annual budgeted amount. The state budget received €645.3 million in local taxes on goods and services, 9.9 percent of the annual budgeted amount. More than €2.4 million was collected in taxes on international trade and transactions.
January VAT collection amounted to €483.7 million, representing nearly 11 percent of the annual expected amount. Collected excise tax stood at €161.6 million at the end of January, which was 8 percent of the annual budgeted amount.
According to the approved state budget for this year total tax revenue should reach €8.912 billion. The Finance Ministry has already reported that the slowdown of economic growth compared with the forecast on which the approved budget is based will reduce tax revenue by €361 million euros.
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