Monday, August 25, 2014

State collects nearly 19 900 million in taxes – Daily News – Lisbon

State collects nearly 19 900 million in taxes – Daily News – Lisbon

According to the summary of budget execution until July released today by the DGO, the net tax revenue
 accumulated in the State amounted to EUR 19.8986 billion, which
 corresponds to an increase of 3.8% year on year, when they were
 amealhados EUR 19.1635 billion.

In the first half,
 Net tax revenues accumulated in the State amounted to 17,129 million
 euros, which corresponded in’ll counterparts, an increase of 4.3%.
 When announcing the DGO fiscal synthesis through June, the
 Ministry of Finance stated that this amount exceeded the goal
 enrolled in the State Budget for 2014

By July, revenue
 Accumulated net of direct taxes increased by 2.8% over the same period
  2013, settling at € 9,081 million. About The Tax
 Yield Individuals (IRS) accounts for most of the
 revenues accumulated in direct taxes by the State: 6.1869 billion of
 euros, 6.1% more than in the first seven months of last year.

Have
  with regard to indirect taxes between January and July
 2014, the accumulated net revenues increased 4.8% YoY
 representing EUR 10.8176 billion. The DGO highlights the “increased
 significant net revenues from Value Added Tax
 (VAT). “Only with this tax, the state garnered EUR 7.6803 billion,
  5.5% more than in the same period last year.

These variations exceed the goals attached to the IRS and VAT in the State Budget for 2014, indicates the DGO.

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