Thursday, September 25, 2014

OE2014: State tax revenue hits record in August – Reuters

OE2014: State tax revenue hits record in August – Reuters

According to the document of the Directorate-General of Budget (DGO), increased tax collection reached between January and August represents an increase of tax revenue collected from EUR 1.6902 billion compared to August 2013 (up to July, Revenue was growing Euro 735.1 million).

Only in August, “the monthly State tax revenue amounted to 3867.5
million, which corresponds to the highest value of tax revenue collected in the month of August. “- at least since 2001-having grown from 952.2 million euros compared to the tax revenue collected in August 2013

The cumulative growth in tax revenue ’7, 7% year on year, surpasses enrolled in the proposed second amendment to the state budget for 2014 aimed This development consolidates the trend of growth of tax revenue started in 2013. “

In these terms, explains the source, until August 2014, the accumulated net revenues from direct taxes (personal and corporate income) grew by 9.2% over the same period of 2013 Similarly, between January and August 2014, the accumulated net revenues from indirect taxes ( VAT and others) increased by 6.4% year on year.

In this line, deserves special mention the significant increase in net revenues from VAT, as well as ISV, IT, the IUC and Recovery ISP over the same period of 2013

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