The Tax Administration (PU) collected gross revenue of 466.1 million euros in the first quarter of this year. According to the institution, this is 21.7 million euros, or 5%, more than the same period last year.
Revenue collection exceeded the plan by 17.1 million euros, or 4%.
The Tax Administration reported that VAT collection amounted to 133 million euros, which is an increase of 24.3 million euros, or 22.5%, compared to last year.
Corporate income tax collection reached 166.8 million euros, an increase of 15.1 million euros, or 10%, compared to last year.
In March, the gross revenue collected amounted to 247.7 million euros, an increase of 2 million euros, or 1%, compared to the same month last year. The plan was exceeded by 7.6 million euros, or 3%.
Corporate income tax collected in March amounted to 157 million euros, an increase of 13,400 euros, or 9%, compared to March of the previous year. VAT collection in March was 31.9 million euros, an increase of 4.4 million euros, or 16%, compared to the same period last year.
The Tax Administration, according to its representatives, is systematically fighting against the informal economy in collaboration with relevant institutions to create a more favorable business environment that reduces the scope for illegal activities.
To improve revenue collection, priorities have been set by identifying taxpayers with the highest risk levels, increasing inspection oversight, enhancing business digitalization, and promoting tax compliance among citizens and businesses.
This comprehensive approach, according to the Tax Administration, will lead to an increase in the number of taxpayers who voluntarily fulfill their tax obligations in the long term.
