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Slovakia collected €800 million in tax revenues so far

Slovakia collected €800 million in taxes at the end of the January of this year. According to preliminary data released by the Financial Directorate of the Slovak Republic, tax revenue at the end of January thus reached 9 percent of the expected value for the whole year. In the non-tax revenue, the state budget received €12.9 million and total revenue thus reached €812.9 million, the SITA newswire quoted the data.

Slovakia collected €800 million in taxes at the end of the January of this year. According to preliminary data released by the Financial Directorate of the Slovak Republic, tax revenue at the end of January thus reached 9 percent of the expected value for the whole year. In the non-tax revenue, the state budget received €12.9 million and total revenue thus reached €812.9 million, the SITA newswire quoted the data.

Revenue from income tax, profit and capital gains tax earned the state budget €152.4 million, representing 6.4 percent of the annual budgeted amount. The state budget received €645.3 million in local taxes on goods and services, 9.9 percent of the annual budgeted amount. More than €2.4 million was collected in taxes on international trade and transactions.

Among the domestic taxes on goods and services, the treasury collected value-added tax of €483.7 million, representing nearly 11 percent of the annual expected amount. Collected excise tax stood at €161.6 million at the end of January, which was 8 percent of the annual budgeted amount.
According to the approved state budget for this year total tax revenue should reach €8.912 billion. The Finance Ministry has already reported that the slowdown of economic growth compared with the forecast on which the approved budget is based will reduce tax revenue by €361 million.

(Source: SITA)
Compiled by Zuzana Vilikovská from press reports
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