The Tax Administration (TA) reported a gross collection of tax revenues totaling EUR 218.4 million from January 1 to February 28, 2025, which represents an increase of EUR 19.7 million or 10% compared to the same period last year.
“Value Added Tax (VAT) collections amounted to EUR 101.1 million, which is EUR 20 million or 25% higher than last year,” the statement said.
The TA also reported that corporate income tax revenue amounted to EUR 9.8 million, an increase of EUR 1.7 million or 20.5% compared to the previous year.
“In February, gross revenue collection amounted to EUR 111.3 million, an increase of EUR 3.3 million or 3% compared to February last year,” the TA added.
VAT collections in February reached EUR 38.6 million, an increase of EUR 7.9 million or 26% compared to the same period last year.
“Corporate income tax collections in February totaled EUR 4.9 million, an increase of EUR 16,600 or 0.34% compared to February of the previous year,” the statement continued.
The growth in budget revenues was also influenced by the positive effects of the Law on the Waiver of Interest on Due Tax Liabilities, which came into effect on January 1.
“Taxpayers had the opportunity to have accrued interest waived if they submitted all tax returns due by December 31 of the previous year and paid the principal tax debt within 60 days of the law’s implementation,” the TA stated.
With intensive efforts to collect revenue from all tax bases, the TA continues to see growth in budget revenues.
“TA officers, as part of a pilot project in collaboration with the International Monetary Fund, are achieving outstanding results by contacting taxpayers, issuing warnings through decisions, and implementing the strictest measures in accordance with the Tax Administration Law,” the statement concluded.
