Revenues in Jan. 2017 exceed target

Friday, 03 February 2017 22:06
UPD:22:08
REUTERS/DADO RUVIC

Creation of the new entity is a memorandum-mandated obligation under the third bailout that the current leftist government signed in the summer of 2015.

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Tax revenues in January 2017 exceeded budget targets by 258 million euros, the newly created Independent Authority for Public Revenues (AADE) announced on Friday.

Creation of the new entity is a memorandum-mandated obligation under the third bailout that the current leftist government signed in the summer of 2015.

AADE said that the January 2017 figures confirmed a satisfactory trend in tax collection.

Tax revenue, before returns, totaled 4.270 billion euros in January, up 6.43 percent from a target of 4.012 billion for the first months of 2017. Income tax returns reached 314 million euros, up 6.08 percent from a target of 296 million euros.

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