According to the General Secretariat of Information Systems, the tax revenue in September was estimated to be 1.12 billion euros, about 50% more than the 770-million-euro goal mandated by the terms of the bailout deal. This significant difference is attributed to the extensions and tax return delays.
Overall however, there is a shortfall in revenue, with the tax services managing to collect on 5.45 billion euros in the first 9 months of 2013, compared to the 5.65 billion euros goal.
Delays were also documented in collecting the VAT in September, with revenue estimated to be 865 million euros, about 85 million short of the 950-million-euro target. So far in 2013 VAT revenue has fallen short, with the government reporting 10.15 billion euros from VAT in the first 9 months of 2013, compared to the 10.21 billion target.
Similarly, the State’s revenue from the special consumption taxes (such as heating oil) fell short of the set goals, both in September (565 million euros rather than 686 million euros) and overall in the year (5.74 billion euros compared to 6.24 billion euros).
From property taxes, the state collected only 222 of the estimated 285 million euros in September, but overall has exceeded estimates in the first nine months, having confirmed 2.01 billion euros worth of revenue between January and September, when the goal was 1.95 billion euros.
The General Secretariat’s divs about self-employed and great wealth were similarly short of the Ministry of Finances’ estimates, with only 10.5 million euros of an estimated 36.4 million euros in taxes and fines having been collected in the 9 months between January and September 2013.
