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January: Slovakia revenues at €800 mill

SLOVAKIA collected €800 million in taxes during January of this year. Based on preliminary data Slovakia’s Financial Directorate January tax revenue accounted for 9 percent of the projection for the whole of 2013, the SITA newswire reported.

SLOVAKIA collected €800 million in taxes during January of this year. Based on preliminary data Slovakia’s Financial Directorate January tax revenue accounted for
9 percent of the projection for the whole of 2013, the SITA newswire reported.

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.

January VAT collection amounted to €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 euros.

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