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Tax and customs revenues total Sk242.5 billion in 2006

TAX and customs offices in the Slovak Republic collected Sk242.5 billion in 2006 for the state budget, a sum exceeding the annual plan by over 9 percent.

Higher than planned gain was mainly a result of unexpectedly high tax revenues, SITA wrote. They amounted to Sk236.286 billion, which was 9.6 percent more than forecasted.

According to the Finance Ministry's forecast, tax and customs offices were expected to collect Sk222.352 billion for the state budget in 2006, of which tax revenues were to make up Sk215.655 billion and non-tax revenues the remaining Sk6.697 billion.

Value-added tax made up the biggest portion of collected taxes. Tax and customs offices collected Sk128.5 billion, which was 7 percent more than the year's projection. Excise tax collection amounted to Sk52.147 billion, the same amount that was budgeted. Last year's revenue from corporate income tax was Sk47.271 billion, exceeding the budget by almost one third. The state also collected Sk2.586 billion in personal income taxes, while it transferred Sk38.445 billion of these taxes to regional and municipal budgets as part of fiscal decentralization.

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