Spectator on facebook

Spectator on facebook

Treasury's first quarter tax revenue nearly €2 billion

Slovakia's tax revenue at the end of March of this year exceeded €1.97 billion. Thus, the treasury collected 22.1 percent of the yearly budgeted amount.

Slovakia's tax revenue at the end of March of this year exceeded €1.97 billion. Thus, the treasury collected 22.1 percent of the yearly budgeted amount.

The SITA newswire quoted preliminary data released by the Slovak Financial Directorate, according to which non-tax revenue for the first quarter of 2013 reached €49.3 million and thus the total tax and non-tax revenue of the state budget in three months of this year was €2.02 billion.
Collected revenue from income tax, profit and capital gains tax totalled €612 million, representing 25.8 percent of the annual budgeted amount. In domestic taxes on goods and services, the state budget collected €1.4 billion - which is 20.8 percent of the expected revenue. Taxes on international trade and transactions added €6.6 million to the state budget. Among domestic taxes on goods and services, the treasury collected €912.4 million in value-added tax, representing 20.4 percent of the expected amount.

The state budget collected €439.4 million in excise taxes, which was 21.75 percent of the annual budgeted amount. According to the approved state budget law, tax revenue this year should reach €8.9 billion. Already in early February, the Finance Ministry informed it expects the economy to grow slower than its original forecast on which it based the approved state budget. This is expected to result in lower tax revenue by €361 million.

(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.

Top stories

How to sell Slovak books to English readers

Slovak literature makes it to the big bookstores of London, but it is unlikely to become a bestseller yet.

On Wednesday, Slovak literature will be presented in one of the biggest bookstores in London. Among the new books translated into English is also the anthology of current Slovak prose selected and translated by Magdalena Mullek and Júlia Sherwood.

Slovakia vies for medicines agency

What chances does the country have at winning the seat of the prestigious European Medicines Agency that needs to relocate from London?

Illustrative stock photo

Vote-buying scandal lands village mayor in court

Some Roma claiming the mayor of Gemerská Poloma, Miroslav Michalka was buying votes, have changed their testimonies.

Stanislav Kučerák (blue shirt) is a key witness in the vote-buying case.

British embassy opens condolence book

The book will be opened for two days.

Floral tributes are laid out in Manchester, England, on May 23, 2017, the day after the suicide attack at an Ariana Grande concert that left 22 people dead as it ended on May 22 night.