Strengthening primary surpluses from taxes and VAT – revenue exceeding 2.1 billion in seven months

The states income – and therefore primary surpluses – are mainly reinforced by increases in the earnings of workers leading to higher tax scales, the insistence of inflation at high levels (3.1% in July) that inflates the receipts from VATbut also the restriction of tax evasion through the extension of electronic transactions.

During the period January – July 2025, tax receipts reached € 40.4 billion, recording an exceeding EUR 2.15 billion or 5.6% over the target. VAT revenue amounted to € 15.7 billion, higher by € 357m than the target, while income tax revenue was close to € 15 billion, up € 1,316 billion. In particular, the income tax of natural persons increased by EUR 907 million by legal entities by € 59 million, while other income taxes recorded an increase of EUR 350 million compared to the target, according to Ertnews.

Taxpayers in the last five months of the year (including August) will have to pay more than € 31.1 billion to the tax office, which are added to over € 38.2 billion in the seven months.

October is projected to be the most difficult since the coming months that it “requires” € 6.6 billion, followed by December 6.4 billion euros, August with € 6.19 billion, September 6.15 billion euros and November with 5.7 billion euros.

Taxpayers are required to pay more taxes this year as revenue is expected to reach € 69,203 billion, up EUR 2,490 billion or 3.7% against 2024.

The “champion” in the receipts was also named July this year, as well as last year, as public funds reached about 8.2 billion euros – an amount mainly due to the one -off income tax by thousands of taxpayers. On the contrary, March was the month with the lowest revenue, just € 3.6 billion.

For those who are unable to meet their tax liabilities (Income Tax, ENFIA, VAT) it is possible to join the 24 installments. The interest rate is 4.34% for 12 installments and 5.84% for more than 12, with a minimum amount of 30 euros. The arrangement is activated by paying the first installment within three business days of the application, and the following are paid in the last business day each month.

In the event of a delay, the dose is charged by an increase of 15% and must be paid by the end of the next deadline at the latest. This means that if one dose is lost, the debtor will have to pay two next month.

In any case, the arrangement is lost when 2 consecutive doses are not paid.

Source link

Leave a Comment