Slovakia: Tax Revenues Declining

Central- & Eastern EuropeSlovakia ♦ Published: December 6, 2012; 22:43 ♦ (Vindobona)

This year, the Slovak government will record a decrease in tax intake by € 230m. Despite higher tax rates, the trend will continue in the next three years.

Slovakia: Tax Revenues Declining / Picture: ©

The forecasts of the Slovak government were too optimistic. In the next three years, the tax intake will be 0.3% of GDP lower compared to the initial estimates. This year, the public revenues will be € 230m less than estimated. Next year, the tax intake is expected to be € 250m less. The prior forecast was published in September. Above all, the VAT intake and the corporate tax…