Slovakia Battling Tax Evasion With Receipt Lottery

Aug 27, 13 Slovakia Battling Tax Evasion With Receipt Lottery

Aug. 27, 2013 – Starting in September, every purchase made in Slovakia could be worth up to €10,000 or could even score the buyer a new car.

That’s because the Slovakian government has decided to launch a lottery, and every receipt printed in Slovakian businesses will double as a lottery ticket.

Slovakian Finance Minister Peter Kazmir said that the lottery initiative will help the government battle tax evasion by Slovakian businesses.

“We want to give people an incentive to request a receipt every time they make a purchase and help prevent tax evasion,” Kazmir said.

Businesses that don’t print receipts for their customers can avoid paying value-added taxes to the government.  In Slovakia, there is a 10 percent tax on books and medicine, and a 20 percent tax on everything else.

The Slovakian finance ministry told SBS.com that they estimated un-reported sales account for €150 million in lost tax revenue each year.

Receipt lotteries are already in place in Taiwan and Malta.  Much like those lotteries, the Slovakian receipt lottery will require consumers to register serial numbers with the government to enter into twice-monthly drawings.

10 winners will be chosen in each drawing, with top prizes of €10,000 and smaller cash prizes and new cars up for grabs as well.

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Written by Matt Isaacs

Matt is the Editorial Manager for the LotteryHUB News Team. Matt graduated from Rutgers University’s School of Journalism and Media Studies in May 2013

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