Austrian Ministry of Finance Records Higher Tax Intake

Business › Economy ♦ Published: April 23, 2012; 17:57 ♦ (Vindobona)

In the first three months of 2012, tax proceeds were up by 3.8%. The Ministry of Finance registered revenues of € 16.2bn.

Austrian Ministry of Finance Records Higher Tax Intake / Picture: © Vindobona.org

The Austrian Ministry of Finance published that the tax intake totaled € 16.2bn in the first quarter. Compared to the first three months of 2011, this is an increase by 600m or 3.8%. The highest increase was observed in the wage tax segment and the corporation income tax segment. Bank taxes were down, however.

In total, income taxes reached € 7.0bn in the first quarter…

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