Ministry of Finance of the Slovak republic, Štefanovičova 5, 817 82 Bratislava, IČO: 00151742. www.mfsr.sk

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VAT collection: as good as it gets

We nudge up tax revenues forecast for 2016, by EUR 397 mil. (0.49 % GDP) compared with June figure. Higher than expected profitability of companies has a positive effect on CIT collection. Besides, we have observed significant improvement in VAT effective tax rate. Updated forecast increases tax revenues by EUR 558 mil. for 2017 (0.66 % GDP), EUR 649 mil. for 2018 (0.73 % GDP) and EUR 595 mil. for 2019 (0.63 % GDP) compared to June. New legislative measures further increase tax revenues, while macroeconomic outlook has a negative impact on forecast.

 

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Ministry of Finance
of the Slovak republic

Štefanovičova 5
P. O. BOX 82
817 82 BRATISLAVA
IČO: 00151742

+421 2 5958 1111
podatelna@mfsr.sk

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