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| Slovakia keeps narrowing its VAT Gap |
| Bratislava, 26.09.2018 |
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| It still lost €1.872 billion in VAT revenues in 2016, based on the latest report
The VAT Gap in Slovakia continued its downward trend. Since 2012, the VAT Gap, which shows the difference between the expected VAT revenue and the amount actually collected, has fallen in Slovakia by 11 percentage points from 37 percent to 26 percent in 2016. Nevertheless, Slovakia still lost €1.872 billion in VAT revenues in 2016, based on a study the European Commission published on September 21. This means that while the basic VAT in Slovakia was 20 percent and the reduced one 10 percent, the effective rate was 16.1 percent in 2016.
EU countries lost almost €150 billion in value-added tax (VAT) revenues in 2016, according to the study.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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