Tax revenues miss budget target in January

11 March 2016
385 Views

Tax revenues missed their target by 183 million euros in January despite posting an annual increase (mainly thanks to a 10.8 percent year-on-year rise in takings from the ENFIA property tax), data compiled by the General Secretariat for Public Revenues showed on Thursday.

Total tax revenues amounted to 3.526 billion euros in January 2016 from 3.38 billion a year earlier, with value-added tax from domestic goods fetching 6.7 percent more than last year, while tax on earnings from games of chance soared 63 percent, likely thanks to the various jackpots.

However, comparisons ought to be made primarily with the budget targets for this year, not last year, as the statistical analysis will show whether the measures taken bring results or not.

The tax revenue target for the year’s first month was 3.709 billion euros.

Income tax revenues, which accounted for 36 percent of all direct tax takings for January, declined almost 10 percent from 520.4 million euros in January 2015 to 468.3 million. Property taxes, on the other hand, brought 11.84 percent more than 12 months earlier.

Indirect taxes posted annual growth of 91.4 million euros, or 4.3 percent, to climb to 2.21 billion euros. This is mainly due to the 5.3 percent increase in VAT revenues.

You may be interested

The 11 professions most in demand in Greece, according to SEV
FINANCE
shares11 views
FINANCE
shares11 views

The 11 professions most in demand in Greece, according to SEV

Panos - Sep 19, 2019

The Hellenic Federation of Enterprises (SEV) released a report presenting the 11 professions it considers to have the highest prospects…

Weather forecast: Mostly fair
GREECE
shares11 views
GREECE
shares11 views

Weather forecast: Mostly fair

Panos - Sep 19, 2019

Mostly fair weather and winds from variable directions are forecast for Thursday. Wind velocity will reach 6 on the Beaufort…

Lotto results: 18/09/2019
GREECE
shares29 views
GREECE
shares29 views

Lotto results: 18/09/2019

Panos - Sep 18, 2019

The winning numbers from the Lotto draw are as follows:

Leave a Comment

Your email address will not be published.