Business News

Tax Receipts Increasing

Ljubljana, 30 September (STA) - Government receipts from taxes and social security contributions widened by a tenth of a point to 37.3% of GDP, the first rise after two years of decline, the Statistics Office said.

The increase is a result of rising tax revenue on the back of higher VAT and taxes on exports.

As a share of GDP taxes, at 22.3%, were at the highest level since 2009, but in nominal terms they were on par with the figure for 2011.

Social security contributions, meanwhile, declined for the second year in a row in relative and nominal terms.

Contributions amounted to 15% of GDP, down 0.2 points over the year before.

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