Spectator on facebook

Spectator on facebook

FOCUS SHORT

2010 tax revenues reported

PRELIMINARY figures show that tax revenue flowing to the state in 2010 amounted to €7.962 billion, according to a document published by the Finance Ministry’s Financial Policy Institute in mid January. That revenue lagged €37 million behind the budget that was revised by the government during 2010 and was much less than the original budget which projected revenue of €8.62 billion.

PRELIMINARY figures show that tax revenue flowing to the state in 2010 amounted to €7.962 billion, according to a document published by the Finance Ministry’s Financial Policy Institute in mid January. That revenue lagged €37 million behind the budget that was revised by the government during 2010 and was much less than the original budget which projected revenue of €8.62 billion.

The incoming government of Iveta Radičová revised the original 2010 budget to correspond with the economic developments that were actually taking place in Slovakia in 2010.

Slovakia’s value added tax traditionally brings in the largest portion of government revenue and stood at €4.432 billion for 2010, €20.9 million better than the revised budget plan. On the other hand, corporate income taxes brought only €1.258 billion in revenue, less than the €1.320 billion projected in the revised budget and more than €500 million less than the €1.786 billion contained in the original 2010 budget. The Financial Policy Institute stated that this gap is attributable to reduced profitability in the corporate sector due to the economic downturn.


Topic: Finances and Advisory


Top stories

Unknown places worth visiting in Slovakia Photo

The year 2016 brought record numbers for tourism in Slovakia.

Špania Dolina, the runner-up in the Village of the Year competition.

This is not a game, and these are not children

If politicians care about the future of the country, they need to offer young protesters with specific demands more than the just same old vague assurances.

Nu Dance festival changes date and the finale coincides with International Dance Day

The festival of contemporary dance has not just moved in time but also from the stage to the streets, encouraging public participation.

Renan Martins: Let Me Die in My Footsteps

(W)Rapping up two worlds in one music

The Fjúžn festival annually presents interesting musical projects from people who cross borders, literally or symbolically. This year, the headliner of the main festival concert on April 22 will be the French-Iraqi…

The Iraqi-French band Aiwa