Budget, Estonia, Financial Services, Taxation
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Wednesday, 24.04.2024, 15:54
Estonian budget tax revenue grows by 8% in June
BC, Tallinn, 07.07.2015.
Print version
Print versionAccording to the Estonian Tax and Customs Board, the tax revenue collected by the state budget amounted to 514 million euros in June 2015, which is an increase of 7.9% as compared to the same time last year, LETA/Public Broadcasting reported.
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In the first six months of the year, tax collection also grew and 48.6% of the state budget was fulfilled.
Social tax collection growth slowed to 7.1% in June, and corresponded to budget expectations.
Personal income tax receipts grew in June by 3.4% year-on-year, the cause for the modest growth was the income tax cut.
Corporate income tax receipts exceeded expectations in June and six months' collection growth is a strong 7.4% despite the cut in income tax rate. The growth was mainly caused by high dividend payments in the private sector.
VAT collection was in June 162.3 mln euros, by 11.6% more than a year ago.
Excise taxes collection fell by 0.4% in June.
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