Budget, Estonia, Financial Services, Markets and Companies, Taxation

In the first four months of the year value added tax receipts totaled 612.7 million euros or 3.4% more than in the same period a year ago. While at the start of the year taxable income increased, in March it declined.

Social tax receipts increased 7% on year in April and the growth of the declared salary fund totaled 6.6% in March. The fast growth of the salary fund is also supported by the 10.3-percent minimum wage increase, which stepped into force as of this year.

Personal income tax receipts totaled 24.5 million euros.

The number of jobs and salaried employees which influences social and income tax receipts has been declining for the past eight months. In March the number of salaried employees decreased by 0.5% on year, while the number of jobs declined by 1.2%.

Corporate income receipts totaled 49.7 million euros in April and at the end of the month corporate income tax receipts totaled 41.3% of the total sum planned for the year.