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State Collects 18% Less on Taxes Than Planned as of End of May
Friday 11 June 2010 Zoom in | Print page
Bratislava, June 11 (TASR) - Over the fist five months of this year, the state has collected on taxes 18 percent less than planned, according to state-budget tax revenues data published on Friday.
The state's revenues on taxes between January and May stands at €2.96 billion, which represents €629.81 million.
The most dramatic drops in revenues were seen in sanctions imposed by tax inspectors, down by more than 52 percent to €364.754. Lower amounts went into the state budget also from taxation of incomes of legal entities - reaching only half of what was expected, namely €380.324.940 as of May-end.
In the same period last year, tax revenues saw an even more dramatic loss – by nearly 25 percent.
This year, the state's collection of taxes should reach €8.62 billion, out of which only slightly over one-third has been collected so far (nearly halfway through the year).
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