Tax Revenues Increase by EUR 4.5 Million in May 2020

Tax Revenues Increase by EUR 4.5 Million in May 2020

After a decline in revenues during March and April due to the Covid-19 pandemic, May 2020 marked a return to the upward trend in tax revenues.

It should be noted that the revenue collection rate from the beginning of the year until 18 March 2020 was in line with planning, but after this date a declining trend was observed in revenues as a consequence of the Covid-19 pandemic and the Government decisions to defer payment of tax liabilities and pension contributions.

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