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Last year’s tax collection exceeds plan
Belgrade,
12 January 2011
Director of the Tax Administration Dragan Radosavljevic said today that collection of taxes in 2010 exceeded the plan.
Dragan Radosavljevic
Radosavljevic told a press conference that RSD 559.9 billion was collected in taxes, or 0.9% more than planned, while the collection of contributions amounted to RSD 405.1 billion, or 8.3% more than planned.
The collection of income taxes and excise duties was above plan, while the shortfall was recorded in VAT and income tax, he said.
RSD 29.9 billion was collected from tax revenue in 2010, or 36.1% more than planned, while budget revenues from excise taxes amounted to RSD 135.6 billion, or 3.1% over the plan, explained the Director of the Tax Administration.
VAT collection stood at RSD 319.3 billion and was by 1.8% lower than planned, he said noting that RSD 8.5 billion more than anticipated was allocated for VAT refund.
Radosavljevic said that the collected income tax last year totalled RSD 75.2 billion and is 1.1% lower than planned by the budget.
Last year, the contributions paid for health insurance totalled RSD 127.2 billion, for the unemployed RSD 15.2 billion and for the pension and disability insurance RSD 262.7 billion.
A considerable part of the due taxes and contributions is uncollectible because the companies that have this kind of debt are bankrupt or in the process of privatisation, he explained, adding that as of 2012 the collection of taxes and contributions will improve because electronic payment will be introduced.
According to the assessment of the Tax Administration, taxpayers in Serbia will save in this way a total of €600 million per year, Radosavljevic said, adding that the administration’s plan for 2011 is to collect taxes and excise duties in the total value of RSD 630 billion, which is 13.6% more than planned for 2010.
The collection of income taxes and excise duties was above plan, while the shortfall was recorded in VAT and income tax, he said.
RSD 29.9 billion was collected from tax revenue in 2010, or 36.1% more than planned, while budget revenues from excise taxes amounted to RSD 135.6 billion, or 3.1% over the plan, explained the Director of the Tax Administration.
VAT collection stood at RSD 319.3 billion and was by 1.8% lower than planned, he said noting that RSD 8.5 billion more than anticipated was allocated for VAT refund.
Radosavljevic said that the collected income tax last year totalled RSD 75.2 billion and is 1.1% lower than planned by the budget.
Last year, the contributions paid for health insurance totalled RSD 127.2 billion, for the unemployed RSD 15.2 billion and for the pension and disability insurance RSD 262.7 billion.
A considerable part of the due taxes and contributions is uncollectible because the companies that have this kind of debt are bankrupt or in the process of privatisation, he explained, adding that as of 2012 the collection of taxes and contributions will improve because electronic payment will be introduced.
According to the assessment of the Tax Administration, taxpayers in Serbia will save in this way a total of €600 million per year, Radosavljevic said, adding that the administration’s plan for 2011 is to collect taxes and excise duties in the total value of RSD 630 billion, which is 13.6% more than planned for 2010.
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