site.btaTax and Non-Tax Revenue Increase to LV 3.2 Bln in January 27 - March 20

Tax and Non-Tax Revenue Increase to LV 3.2 Bln in January 27 - March 20

Sofia, March 22 (BTA) - Statistics on revenue collection in the first months of 2017 shows some positive trends. According to figures from the National Revenue Agency and the Customs Agency, tax and non-tax revenue in January 27 - March 20 totalled 3.2 billion leva, which is 220 million leva more than this time last year, government spokesperson Irina Belcheva said after the government's weekly meeting Wednesday.

In nominal value, the revenue increase is biggest in the budgets of the National Social Insurance Institute and the National Health Insurance Fund (by 123.5 million leva), followed by the receipts from VAT (113.8 million leva), the corporate income tax (27.8 million leva) and individuals' income tax (30.5 million leva).

The increase of revenue in the central government budget, administered by the revenue agencies, stands at 95 million leva during the same period and the expectations are for considerable payments to be made at the end of the month because medical insurance and the individual income tax become due from March 24, the government spokesperson said.