State to collect €231 million less in tax revenues in 2012

State revenues from taxes and levies between 2012 and 15 are expected to be 0.3 percent of GDP lower compared to the original estimates from September 2012, the Finance Ministry’s Financial Policy Institute (IFP) announced in a special prognosis released on Wednesday, December 5, the TASR newswire reported. According to the new estimates, the state will collect €231 million less than expected in 2012, and €254 million less next year.

State revenues from taxes and levies between 2012 and 15 are expected to be 0.3 percent of GDP lower compared to the original estimates from September 2012, the Finance Ministry’s Financial Policy Institute (IFP) announced in a special prognosis released on Wednesday, December 5, the TASR newswire reported. According to the new estimates, the state will collect €231 million less than expected in 2012, and €254 million less next year.

"The drop in predicted tax and levy revenues in comparison with the September prognosis has been caused predominantly by lower VAT collection and lower corporate-tax collection," reads the special prognosis of tax and levy revenues between 2012 and 2015. The institute moved to revise the expected tax and levy revenues in light of new data on tax and levy collection as of the period between August and November. It also took into account new information from income-tax returns and signs that the country's economy is cooling mainly under the influence of the situation abroad in 2012.

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.

Top stories

Illustrative stock photo

One euro for every comment. Slovak company turns hate into love on social media

The first such campaign in Slovakia, though quite a popular technique abroad.


23. jún
Marian Kocner and his lawyer at the Supreme Court

The wrong way to do right

Overturning not-guilty verdicts, especially in cases as emotive as the Kuciak murder trial, is a very bad idea.


40m
In 2020, the National Cybersecurity Centre was involved in investigating 450 ransom attacks.

North Koreans and Russians. How did hackers target Slovakia?

The security authority reported hundreds of attacks over the past year.


23. jún

News digest: Third wave is coming. President urges people to get vaccinated

President and the Catholic bishops encourage people to get Covid vaccine. More foreign countries classify Slovakia as green. Cabinet apologises for the infamous Moldava raid.


20 h