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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
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