Are you sure?

National Tax and Customs Office collects HUF 50bn less in 2010

Hungary's National Tax and Customs Office (NAV) collected HUF 1,216 billion in 2010, HUF 50 billion less than in 2009, NAV head József Bendek said at a press conference on Thursday.

The amount accounted for 15% of central budget revenue last year, Bendek said.
Bendek attributed the fall in the amount collected to unrealistic revenue targets in the budget drawn up by the previous government and the economic crisis. VAT on tobacco products and revenue from the energy tax were higher than planned, he added. Revenue from VAT on tobacco products amounted to HUF 90 billion and revenue from the energy tax totaled almost HUF 17 billion. Revenue from the environmental product fee came to HUF 18.5 billion and revenue from registration tax reached HUF 30 billion. Revenue from excise tax amounted to HUF 856 billion.
Bendek said traffic across Hungary's border with Croatia had decreased, while traffic across its borders with Serbia and Ukraine rose because of the cheaper petrol prices there. (Econews)