€2.95 billion in IRS refunds

in Business · 09-08-2019 01:00:00 · 0 Comments
€2.95 billion in IRS refunds

The tax authorities returned €2.95 billion in income tax refunds to taxpayers who filed annual tax return this year, exceeding the amount refunded in 2018 by €342.97 million.

A review of the IRS campaign on the Finance Portal reveals that as of the beginning of that week, 2,831,266 refunds were processed totalling €2.95 billion being returned to overpaying tax payers.

When compared to last year´s IRS campaign the data shows that this year there has been an increase of 190,260 in the number of refunds, but also indicates that the average amount that was returned to taxpayers has fallen from €1,216 in 2018 to about €1,042 this year.


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