Higher gross revenue collection of two percent

According to the structure of collected revenues, VAT collection dominates with the amount of 88,1 million euros, which is 14,4 million euros or 20 percent more than last year, and 11,5 million euros or 15 percent more than the planned amount.

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

In October, the Revenue and Customs Administration (UPC) achieved gross revenue collection in the amount of 171,4 million euros, which is four million euros or two percent more compared to the same period last year.

Revenue collection in October is 3,7 million euros or two percent more compared to 2019.

"The realized collection exceeds the revenue plan for the specified period by 511,16 thousand euros," the announcement states.

According to the structure of collected revenues, value added tax collection dominates with the amount of 88,1 million euros, which is 14,4 million euros or 20 percent more than last year, and 11,5 million euros or 15 percent more than the planned amount. .

"The collection of real estate sales tax in October amounts to 2,3 million euros, which is 395,63 thousand euros or 21 percent more than last year, and 568,24 thousand euros or 33 percent more than the planned amount," they said from UPC.

The increase in collection was also recorded for concession fees, so 3,9 million euros were collected on that basis, which is 34 percent more compared to last year, and 74 percent compared to 2019.

"On the basis of the excise tax, 19,47 million euros were collected, which is 4,6 million euros or 19,41 percent less than the previous year," the statement added.

Realized customs collection amounted to 3,34 million euros, which is 849 thousand euros more or 34,05 percent, while collection of tax on coffee amounted to 188,34 thousand euros, and other customs revenues were collected in the amount of 24,6 thousand euros .

"Collection of contributions for the mentioned period amounts to 37,6 million euros, which is 15 percent less than the collection last year and seven percent less than the planned amount, bearing in mind the change in tax regulations that have been in force since January," the statement added.

The UPC stated that in the first ten months gross revenue collection was achieved in the amount of 1,73 billion euros, which is 158 million euros or ten percent more compared to the same period last year, and 97 million euros or six percent more compared to to 2019.

"The realized collection exceeds the revenue plan for the specified period by 151 million euros or ten percent," the announcement states.

According to the structure of collected revenues, the collection of value added tax dominates with the amount of 843 million euros, which is 206 million euros or 32 percent more than last year, and 183 million euros or 28 percent more than the planned amount.

"The collection of real estate sales tax in the mentioned period amounts to 23 million euros, which is seven million euros or 49 percent more than last year, and 64 percent more than the planned amount. The increase in collection was also recorded in the case of concession fees, so 34 million euros were collected on that basis, which is 43 percent more," said the UPC.

On the basis of excise duty, 215,27 million euros were collected, which is 4,28 million euros more or 2,03 percent.

"Accomplished customs collection amounted to EUR 32,66 million, which is nine million EUR more or 39,12 percent, while coffee tax collection amounted to EUR 2,07 million, and other revenues were collected in the amount of EUR 225,15 thousand EUR", the statement added.

The collection of contributions for the mentioned period, as they said, amounts to EUR 356 million, which is 17 percent less than the collection last year, while it is five percent less than the planned amount, bearing in mind the change in tax regulations that have been in force since January.

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