Business News

Tax Debt on the Decrease

Ljubljana, 09 August (STA) - The latest figures by the tax and customs administrations show that tax debt is on the decrease, having fallen by EUR 118m over the first six months of the year to just under EUR 1.5bn.

Nearly two-thirds of the total debt (EUR 961m) was active, meaning that debt recovery procedures are ongoing, the Tax Administration (DURS) said on Friday.

The rest is debt stemming mostly from bankruptcy procedures that is conditionally recoverable.

The active debt dropped by EUR 125m whereas the conditionally recoverable debt expanded by almost EUR 7m.

The Tax Administration attributes the decrease in active debt to improved recovery proceedings, as recoveries totalled almost EUR 300m in the first half of the year, up EUR 76.5m over the same period last year.

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