Tax revenue almost 10 percent below forecast

The Slovak government collected 9.9 percent less money in taxes than originally planned in the first ten months of this year, according to data provided by the Tax Directorate on Tuesday, November 9.

The Slovak government collected 9.9 percent less money in taxes than originally planned in the first ten months of this year, according to data provided by the Tax Directorate on Tuesday, November 9.

The amount of tax collected between January and October 2010 was €6.47 billion, €710.83 million less than anticipated. The most significant shortfall was in income from penalties imposed by tax inspections, which was 54 percent lower than expected. Tax income from individuals was almost 39 percent down, while taxes collected from legal entities were down by 35.5 percent.

In the same period of last year, the shortfall in tax collected was much lower – only 0.71 percent less than forecast, the TASR newswire wrote. The state expects to receive a total of €8.62 billion in taxes this year. Around 75.09 percent of this sum has already been collected.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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