Financial Administration convinced tax registers will prove successful

Extra EUR 75 million expected

21. marec 2016 ob 12.41 • Ljubljana - MMC RTV SLO

Will certified tax registers bring the expected financial effect, i.e. at least additional EUR 75 million of profit? Foto: BoBo

Will certified tax registers bring the expected financial effect, i.e. at least additional EUR 75 million of profit? Most certainly, claims the Financial Administration, although this February they collected EUR 12 million less value added tax than last February.

The effect of certified tax registers can be most easily observed through collected VAT. Large taxpayers have already filed their first monthly tax returns, yet surprisingly this February less VAT was collected than last February, the difference being EUR 12 million. Yet Deputy Director General Peter Grum explains that constancy of VAT repayments and VAT pay-ins should be considered.
"They amount to 8%. There were very high demands for VAT repayments, which were by 20%, or 36 million, higher than last year. Repayments apply to December claims due to increased investments," he said.
He refers to the prepayment of profit taxes by companies. The accounting data collected by the Financial Administration hint of positive financial effects of tax registers, and the inspections show the same, Peter Grum said.
The first estimates of the yield of tax registers will be more reliable in May, when the VAT tax returns on a quarterly basis will be filed, but according to the Financial Administration there is no doubt extra EUR 75 million per year will be collected.