The persisting economic crisis reflected in a drop in nearly all taxes collected by the Tax Administration, especially corporate income tax, which dropped 54% year-on-year to EUR 265m. The figure was two thirds lower than in 2011.

The drop in corporate income tax was caused not only by a slump in economic activity but also by taxation changes, as the tax rate had been gradually lowered from 20% to 17% between 2010 and 2013.

Income tax receipts were down by a tenth to EUR 1.87bn.

On the other hand, DURS collected more taxes on goods and services, which saw a 6.3% increase over 2012 to EUR 2.24bn and accounted for the biggest share of all VAT, which was at EUR 2.42bn.

VAT collected in 2013 was 6% higher than the previous year, which could be attributed to a hike in VAT rates on 1 June; the lower rates was raised from 21% to 22% while the lower rate increased from 8.5% to 9%.

Also up was property tax revenue, which increased by 8.8% to EUR 253m, of which EUR 204m was accounted for by taxes that have been replaced by a new real estate tax on 1 January.