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State tax revenue through September is 6% less than projected

State tax revenues collected during the first three quarters of the year lagged behind the budget projections by nearly six percent, the SITA newswire reported. Tax revenue at the end of September was €6.206 billion, 5.8 percent below the projected volume. Non-tax revenues amounted to €196.7 million according to Slovakia’s Tax Directorate.

State tax revenues collected during the first three quarters of the year lagged behind the budget projections by nearly six percent, the SITA newswire reported. Tax revenue at the end of September was €6.206 billion, 5.8 percent below the projected volume. Non-tax revenues amounted to €196.7 million according to Slovakia’s Tax Directorate.

Revenues from income tax, profit and capital gains tax reached €1.394 billion, which came to 96.34 percent of the budgeted level. Income tax collected from natural persons was €1.181 million, reaching only 88 percent of the budgeted sum. Income tax paid by legal entities amounted to €1.257 billion, slightly more than what was in the budget.

Collection of domestic taxes on goods and services amounted to €4.762 billion in the nine-month period and was 5.98 percent below the plan. Value added taxes reached €3.279 billion and accounted for 93.65 percent of the budgeted amount. Excise tax collection reached €1.483 billion and was 94.86 percent of the projected sum.

Source: SITA

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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