Arab Today, arab today slovaks gamble for a good cause with receipt lottery
Last Updated : GMT 16:05:04
Arab Today, arab today
Arab Today, arab today

Slovaks gamble for a good cause with receipt lottery

Arab Today, arab today

Arab Today, arab today Slovaks gamble for a good cause with receipt lottery

Bratislava - AFP

Slovak electrician Michal is not the gambling type, but twice a month he holds his breath during a lottery draw in the hopes of winning thousands of euros or a new car. The 34-year-old is betting on getting lucky in Slovakia's receipt lottery, a new government measure in which all store receipts double as lottery tickets. The scheme -- a bid to fight tax evasion by vendors -- has taught thrifty Slovaks to gamble for a good cause and has proven to be both a hit and a cash cow for the government. "I don't spend money on gambling but why wouldn't I take part in this lottery?" Michal told AFP at a grocery store in downtown Bratislava, the capital. "You don't have to buy tickets, you just register online the serial numbers of receipts you would otherwise dump or leave at the store." He has spent hours registering around 90 receipts -- which can be done via a special mobile application or at a betting shop -- and driving his girlfriend crazy. "All of a sudden, I'm finding old receipts all over our flat, it's a mess!" said Nina, who does not share her boyfriend's latest passion. Tax evasion is a constant worry for the leftist government of Prime Minister Robert Fico as it struggles to cut its budget deficit to under the EU ceiling of three percent of gross domestic product. "We launched the lottery to nudge people to request a receipt for every purchase because every time vendors sell their goods without a receipt, they essentially avoid paying the VAT" sales tax, Finance Minister Peter Kazimir told AFP. The eurozone member has two value-added-tax rates: a 10-percent rate applies to books and medicine, while a 20-percent rate applies to everything else. The Slovak government loses around 150 million euros ($204 million), or 3.5 percent of annual revenue, in VAT each year due to the grey economy, the finance ministry estimates. But the lottery, which launched in September, is going a long way towards plugging the hole. '500,000 extra tax inspectors' "We are seeing more customers insist upon a receipt," Maria Belanova, sales manager at the Fresh Labas grocery chain where the first lottery winner shopped, told AFP. Shoppers have registered nearly 30 million receipts since the launch, or five and half times the Slovak population of 5.4 million people, thanks to the promise of free money. Each month 10 lucky shoppers -- whose identities are kept secret by the lottery operator -- win cash prizes of up to 10,000 euros, while another eight score a new car. Taiwan and Malta also have similar lotteries, while Georgia launched one last year but cancelled it after seven months due to poor impact on national revenue. Slovakia has fared better. "In September and October the state has collected an extra 130 million euros in VAT, which will help us meet this year's budget goal," Kazimir said. So far tax collectors have also received more than 3,000 reports from people who did not receive a receipt from a vendor or whose receipts were rejected as fake by the lottery system. Officials have inspected hundreds of businesses and even closed one restaurant and two stores run by a European discount apparel chain that had been using fake cash registers. "Slovakia has found almost 500,000 extra tax inspectors in those who joined the lottery," Kazimir said wryly. Slovakia has been a member of the European Union since 2004 and the eurozone since 2009. Its economy -- driven by exports of cars and electronics to Europe, mostly Germany -- is expected to slow to 0.8 percent growth this year from two-percent in 2012. "So far we are observing the early enthusiasm for the lottery. We will be able to quantify its effects in six months or a year after its launch," Viliam Palenik, an economist at the Slovak Academy of Sciences, told AFP. "The key effect is that vendors will be more cautious and less prone to cheating not knowing which customer will report them to the tax authorities, while people will realise that paying taxes is normal."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today slovaks gamble for a good cause with receipt lottery Arab Today, arab today slovaks gamble for a good cause with receipt lottery

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today slovaks gamble for a good cause with receipt lottery Arab Today, arab today slovaks gamble for a good cause with receipt lottery

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday