Slovakia tax revenues miss plan by 11.3% in Aug.

By bne IntelliNews September 14, 2010
Tax revenues amounted to EUR 5.1bn in August, falling short of the plan for the period by 11.3%, the Tax Directorate informed. The lowest collection rate was observed in the income tax and corporate income tax revenues as they missed the target by 33.9%, highlighting the deep deterioration of profitability by companies due to the economic crisis. Revenues from indirect taxes were also behind the plan, but at a smaller scale. VAT collection missed the plan by 4.2% and excise taxes - by 3.9%. On the other hand, non-tax revenues continued to perform better than planned, exceeding the target by 8.8% to EUR 181.8mn. The proceeds from lottery and gaming fees mostly explained the over-performance of non-tax revenues until August while the revenues from administrative fees were still 2% under the plan.

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