Slovakia’s tax revenue falls 12.5 percent less than plan for first half 2012

At the end of June, total tax revenues collected in Slovakia amounted to €4.04 billion, lagging behind the amount planned in the budget by 12.5 percent over the first six months. The tax revenue represents 43.8 percent of the annual budget, the SITA newswire wrote based on a report by Slovakia’s Finance Directorate.

At the end of June, total tax revenues collected in Slovakia amounted to €4.04 billion, lagging behind the amount planned in the budget by 12.5 percent over the first six months. The tax revenue represents 43.8 percent of the annual budget, the SITA newswire wrote based on a report by Slovakia’s Finance Directorate.

Non-tax revenue at the end of June was €127 million. Total revenue collection reached €4.167 billion, representing 88.46 percent of the budgeted revenue. The country collected €1.047 billion in taxes on income, profits and capital gains, representing 92.6 percent of the expected revenue. The state collected €2.966 billion in taxes on goods and services, 86.2 percent of the budgeted amount. Taxes on international trade and transactions brought more than €15 million to the state.

Slovakia collected €2.017 billion in value added tax (VAT) in the first half of 2012, representing 83.7 percent of the planned amount. State budget revenue from excise duties was €949.5 million.

Based on the state budget law for 2012, tax revenue this year should reach €9.228 billion, with overall revenue of €13.6 billion and expenditures of €17.3 billion. The budget deficit is planned at just over €3.6 billion.

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.

Get daily Slovak news directly to your inbox

Top stories

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

Fico admits to ties with Bödör

Former prime minister stands by his praise for the state secretary who confessed to corruption and court interference.

Robert Fico during his November 26 press conference.