UPC: Charged 151 million euros more than planned

The most collected from VAT was EUR 755 million, which is EUR 191 million (34 percent) more than last year, and EUR 171 million (29 percent) more than the planned amount.

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Photo: Shutterstock
Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

From the beginning of the year to the end of September, the Revenue and Customs Administration achieved gross revenue collection in the amount of 1,55 billion euros, which is 154 million or 11 percent more compared to the same period of the previous year, and 93 million (or 6 percent) more more compared to 2019.

"Accomplished collection exceeds the revenue plan for the specified period by 151 million euros (11 percent)", stated in the UPC announcement.

The most collected from VAT was EUR 755 million, which is EUR 191 million (34 percent) more than last year, and EUR 171 million (29 percent) more than the planned amount.

Revenue growth was achieved in almost every duty except for wage contributions and fuel excise, which were reduced during the year.

"The biggest increase in collection was achieved in excise duty on tobacco products. On this basis, 70 million euros were charged, which is 29 million or 72 percent more than the same period last year, and 23 million (49 percent) more than the plan," UPC said.

Growth in the collection of almost all duties was also achieved in September, when the gross collection amounted to 203,5 million euros, which is 20 million (11 percent) more compared to the same period last year, and 24 million (13 percent) more compared to 2019. , while compared to the plan for that month, 19,4 million euros more or 11 percent were charged. According to the structure, VAT collection dominates with 105,3 million euros, which is 27,2 million (35 percent) more than last year and 24 million (29 percent) more than the plan.

The biggest increase in this month was also in excise taxes on tobacco products.

"On this basis, 10,6 million euros were charged, which is 4,2 million more, or 67 percent, compared to the same period last year, and 3 million (40 percent) more than the plan," the announcement reads.

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