25/01/2012 08:40
The government’s new taxes failed to add revenues to the state funds, reversing its fiscal targets.
According to latest figures, the state revenues from indirect taxes remained stagnant in 2011 despite higher taxes on tobacco products, food, medicine and fuel.
Indirect tax revenues in 2011 rose 0.47% to €2381.7 million against €2370.5 million in 2010.
VAT revenues dropped 0.93% to €1717.6 million from €1733.7 million, while consumer tax revenues on fuel surged 9.46% to €337.2 million from €308.1 million.
Revenues from consumer taxes on vehicles and motorcycles fell 26.61% to €46.9 million against €63.9 million in 2010, reflecting the difficult course of the sector.
Revenues from the consumer tax on alcoholic drinks declined 8.33% while import duties dropped 12.47%.
An increase of 11.02% was observed in revenues from the consumer tax on tobacco.
In December 2011, indirect tax revenues inched up 1.3% to €263.6 million against €260 million in December 2010.
According to latest figures, the state revenues from indirect taxes remained stagnant in 2011 despite higher taxes on tobacco products, food, medicine and fuel.
Indirect tax revenues in 2011 rose 0.47% to €2381.7 million against €2370.5 million in 2010. VAT revenues dropped 0.93% to €1717.6 million from €1733.7 million, while consumer tax revenues on fuel surged 9.46% to €337.2 million from €308.1 million.
Revenues from consumer taxes on vehicles and motorcycles fell 26.61% to €46.9 million against €63.9 million in 2010, reflecting the difficult course of the sector.
Revenues from the consumer tax on alcoholic drinks declined 8.33% while import duties dropped 12.47%.
An increase of 11.02% was observed in revenues from the consumer tax on tobacco.
In December 2011, indirect tax revenues inched up 1.3% to €263.6 million against €260 million in December 2010.
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