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Slovenia Business Week no. 32: Tax Revenues Up 30% in First Half of 2005

Slovenia's Tax Administration, DURS, has collected SIT 1,111bn (EUR 4.63bn) in tax revenues in the first half of the year

Slovenia's Tax Administration, DURS, has collected SIT 1,111bn (EUR 4.63bn) in tax revenues in the first half of the year, a 29.8% rise over the same period last year.  

According to data from DURS, the collected revenues amounted to 51.8% of this year's anticipated revenues.  

From the total tax revenues, SIT 521.32bn (EUR 2.18bn) was transferred to the state budget, a 71% jump on last year.  

The significant rise in tax revenues in this first six months of this year can be attributed to the introduction of the pay-as-you-go value added tax, DURS said.  

There was also a rise in revenues from income tax and profit tax and local goods and services taxes, as well as other revenues.  

Municipal budgets got SIT 85bn (EUR 355m) from DURS' coffers, while the Pension and Disability Institute received SIT 299.23bn (EUR 1.25bn) and the Insurance Health Institute was given SIT 205.28bn (EUR 857m).

Source: Slovene Press Agency STA

Author: STA