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Sk930 million from tax revenues goes to community purposes

INDIVIDUALS and companies earmarked Sk930 million (€24.8 million) of the taxes they paid last year for community purposes.

Under Slovak legislation, tax payers may request that two percent of their paid taxes be donated to NGOs and local organizations of their choosing.

According to the Slovak Tax Directorate, tax offices collected a total of Sk40.4 billion (€1.07 billion) in income taxes from private individuals in 2005, with Sk312.4 million (€8.3 million) of that amount being assigned to NGOs and local groups.

Corporate payers donated Sk618.3 million (€16.5 million) to these recipients last year of the total Sk42.7 billion (€1.1 billion) paid, the SITA news agency wrote.

Compiled by Martina Jurinová from press reports. The Slovak Spectator cannot vouch for the accuracy of its flash postings.

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