The Slovak state is expected to collect nearly €700 million less in taxes and social contributions this year than originally planned in the national budget. This follows the June tax forecast issued by the Ministry of Finance. VAT revenues are projected to fall short of the plan by €190 million, although this represents a smaller deviation than expected in February.
Corporate income tax revenues are also declining due to weaker profit forecasts for companies. Expected receipts from this tax are €460 million below the budget target. Compared to the February forecast, this estimate has also significantly deteriorated.
At the same time, the VAT outlook for the current year was revised upward by €128 million compared to February expectations. This increase is mainly linked to the restriction of VAT deductions on company vehicles. However, total VAT revenues are still expected to remain below the budgeted level.
The forecast for excise duty on mineral oils for 2026 has been increased by €21 million. This is attributed to a temporary rise in demand for petrol and diesel in Slovakia in March 2026, driven by the conflict in the Middle East and faster fuel price growth in neighbouring countries.
However, in April, neighbouring states reduced excise duties and VAT, narrowing price differences, and fuel prices in Slovakia returned to roughly previous regional levels.
