Spectator on facebook

Spectator on facebook

FOCUS SHORT

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.

Topic: Finances and Advisory


Top stories

UPDATED: Slovakia’s Kuzmina wins Olympic gold Video

The Slovak biathlete dominates the 12.5km race at this year’s Winter Olympic Games in PyeongChang.

Anastasiya Kuzmina

Slovakia ends last in its preliminary group Photo

Slovenia defeated the Slovak team on shootouts.

Slovak archaeologists discover a key to understanding the Maya

Revolutionary laser technology has changed the view of current knowledge about the ancient Mayas. Slovak experts' findings are part of a major breakthrough in Maya archaeology.

Slovaks participate in a major breakthrough in Maya archaeology.

Will Kiska run for president?

Media reports suggest that Andrej Kiska will not run again. How does the situation look one year ahead of presidential election?

President Andrej Kiska