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The development of VAT revenue in the Slovak Republic depends on its macroeconomic base, which is mainly affected by the final consumption of households. In the Slovak Republic, the final consumption of households accounts for more than a half of GDP. Since 1993, VAT revenue has been increasing on a year-to-year basis from 911 million euros to 5.5 billion euros in 2015, except 2009 when there was a sharp decline due to the crisis. In this period, the VAT share in total tax revenue of the state budget increased fro...

The paper is aimed on lifelong learning of the adult population and assessment of the influence of selected determinants on participation in lifelong learning within the European Union Member States. Governments invest in education to help foster the economic growth, enhance the productivity, contribute to the personal and social development or reduce social inequality. A lack of skills strengthens the risk of unemployment and the differences in skills have an impact on earnings. Higher levels of educational achie...

Tax evasion and tax avoidance distort competition; deform business environment and influence efficiency of taxation. The states may affect the size of shadow economy and thus the amount of tax evasion by their activity as well as by the harmonization of tax legislative at international level. The paper investigates a statistical dependence concerning the relationship of the shadow economy and tax evasion. It is estimated that more than three-quarters of total tax revenue loss in the EU accounts for tax evasion lin...

Value added tax revenues represent almost half of the total tax revenues of public adminstration in Slovakia. Discrepancy between the growth of VAT revenues and the growth of its macro-economic base in recent years can be attributed mainly to the increase of tax evasion as well as to the low efficiency of VAT collection. The efficient tax collection and the total loss of tax revenues as a result of non-declaration and non-payment of VAT stand therefore in the center of attention of the Slovak government. A serious...

Monitoring the competitiveness of the economy is becoming an important part of evaluating not only the national economy but also the entire economic groupings. In general, the prevailing view is that the competitiveness of the state is influenced primarily by the so called non-tax factors, which might include, in particular, the stability of the macroeconomic environment, law enforcement, construction of infrastructure, educational level of the population, and the like. Also rate of the tax burden, measured by var...

The largest tax evasion that significantly affects public finance deficit in Slovakia is associated with value added tax. A success of fiscal consolidation and its sustainability will largely depend on increasing the efficiency of value added tax system and reducing VAT revenue losses. While in 2005 the total VAT revenue losses in Slovakia amounted to 1.7 \% of GDP, in 2011 they reached 4 \% of GDP which is the annual shortfall in tax revenues of 2.7 billion euros. Taking into account the estimated VAT revenue los...