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Tax revenue exceeds plans

SLOVAKIA’S tax revenue reached €9.14 billion in 2013, which was better than expected, exceeding the plan by 2.51 percent, or €228 million, the SITA newswire wrote. Total tax and non-tax revenue of the state budget amounted to €9.45 billion, according to the Financial Directorate.

SLOVAKIA’S tax revenue reached €9.14 billion in 2013, which was better than expected, exceeding the plan by 2.51 percent, or €228 million, the SITA newswire wrote. Total tax and non-tax revenue of the state budget amounted to €9.45 billion, according to the Financial Directorate.

Revenue from income tax and capital gains tax reached €2.39 billion, representing 101.05 percent of the annual plan. Of this, corporate income tax accounted for €2 billion. Revenue for the state budget from domestic taxes on goods and services was €6.71 billion and the expected amount was fulfilled to 103.35 percent. Value added tax (VAT) contributed the largest share, €4.74 billion, exceeding the plan by 5.81 percent. The treasury collected €1.98 billion in excise taxes, which was 97.88 percent of the planned level. Taxes on international trade and transactions raised about €28.5 million.

Topic: Finances and Advisory


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