The preliminary figures for public administration revenues from taxes and levies in 2013 are around €11 million higher than those foreseen in the respective approved budget, says a report of the Finance Ministry's Financial Policy Institute.
“Negative macro-economic developments were fully made up for by higher levels of collected taxes, and VAT in particular,” stated the report. As the report further claims the extra revenue in VAT was helped by measures combating tax evasion and by frequent tax inspections, which brought in an extra €308 million. On the other hand, expectations regarding the collection of individual income tax on entrepreneurs were unfulfilled, with the Financial Policy Institute noting that self-employed individuals largely avoided the burden of increased taxes.
