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STATE COFFERS AWAIT HIGHER TAX REVENUES

Authorities collected more than Sk265 billion in 2007

THE TAX and customs authorities collected Sk265.588 billion in 2007, of which more than planned went to the state budget, the SITA newswire wrote.

THE TAX and customs authorities collected Sk265.588 billion in 2007, of which more than planned went to the state budget, the SITA newswire wrote.

Tax income amounted to Sk258.296 billion, which is 104.15 percent of the annual plan for 2007. Taxpayers paid Sk10.291 billion more in 2007 than the state budget expected. Non-tax income to the state budget brought in Sk7.292 billion and the yearly budget was fulfilled at the level of 115.20 percent.

The biggest share of the tax revenue came from domestic taxes for goods and services, the collection of which reached Sk195.669 billion to December 31. The Slovak Tax Directory further stated that the budget got Sk135.978 billion. Of that from the value added tax, which represented 100.24 percent of the annual budget of the tax revenue.

According to tax authority statistics, excise taxes earned Sk59.691 billion for the state budget, which is 108.43 percent of the planned yearly amount.

Slovak tax and customs authorities collected Sk61.447 billion for 2007 on income, gains, and capital gains tax, which is 8.6 percent more than expected.

Income tax of legal entities to the state budget was Sk52.443 billion of that, while the plan of the annual budget was thus met to 105.86 percent. Tax authorities collected Sk46.591 billion from income taxes on individuals.

The Finance Ministry allotted the sum of Sk43.282 billion to the budgets of villages and regional governments.

Tax authorities collected Sk60.5 billion on property tax and Sk1.08 billion from international trade and transactions, of which Sk1.01 billion were import customs.

Concerning non-tax revenue, administration fees took the biggest share, Sk4.674 billion, of which Sk3.495 billion were sales from duty stamps. In 2007, fines and penalties earned Sk38 billion; and levies on the lottery and gambling winnings took in Sk2.576 billion.

In 2006, tax and customs offices collected a total of Sk242.5 billion, which exceeded the plan by more than 9 percent. On the other hand, non-tax revenue lagged behind

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