Slovakia collects 5.8% less taxes than projected in Jan-Sept 2011.

By bne IntelliNews October 14, 2011
Slovak authorities collected EUR 6.2bn in taxes in the first nine months of 2011, 5.8% below projections, data from the Tax Directorate showed. Non-tax revenues, collected by the tax authorities, stood at EUR 196.7mn at the end of September. Revenues from income tax, profit and capital gains tax reached EUR 1.4bn, 96.3% of the projected sum. Personal income tax stood at EUR 1.2bn, only 88% of the budgeted level. Income tax paid by legal entities was EUR 1.3bn, slightly higher than expected. Revenue from domestic taxes on goods and services reached EUR 4.8bn, 6% below the target. The collection of value-added tax (VAT) reached EUR 3.3bn, accounting for 93.7% of the budgeted sum. The collection of excise duties stood at EUR 1.5bn, making up 94.9% of the target.

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