Latest update of tax revenues (February 2016)
In comparison with previous forecast, we expect higher accrual tax revenues for 2015 by EUR 489 mil. (0.6 % GDP). Higher effectiveness of VAT, CIT and SSC collection were the main contributors to the revision in 2015. The revision has increased tax revenues about EUR 410 mil. (0.5 % GDP) in 2016, EUR 369 mil. (0.4% GDP) in 2016 and EUR 444 mil. (0.5 % GDP) in 2018 compared to the October forecast (serves as a fundament for general government budget for 2016 - 2019).