Budget, Estonia, Financial Services, Taxation

International Internet Magazine. Baltic States news & analytics Saturday, 16.01.2021, 13:55

Estonian Tax Board allocated to local governments 95.1 mln euros of the income tax in April

BC, Tallinn, 05.05.2020.Print version
The Estonian Tax and Customs Board allocated to local governments 95.1 million euros of the income tax collected from their residents in April 2020, which is 8.5 percent less than the amount given to municipalities in the same month last year, reports LETA/BNS.

In the first four months of 2020, the Tax and Customs Board has allocated to local governments 415.5 million euros of personal income tax, which is 5.1 percent more than during the same period in 2019, it appears from figures available from the Tax and Customs Board.

As usual, the biggest income tax allocation was made to the City of Tallinn, which received 36.6 million euros, 8.9 percent less than last year. In the four months, Tallinn received 160.5 million euros, 6 percent more than the year before.

Tartu's receipts of income tax fell 6.7 percent to 6.9 million euros and the annual rate of growth for the first four months of the year was 5.9 percent, to 30.1 million euros.

Parnu received 12.5 percent less income tax, or altogether three million euros in April, and 13.2 million euros in the four months from January to April, which represents an increase of 3.8 percent year on year.

The City of Narva received 12.5 percent less tax in April, altogether 2.3 million euros, whereas for four months the figure grew 3.1 percent to 10.3 million euros.

In 2020, 11.93 percent of the taxable income of a resident physical person taxed with the 20 percent income tax is paid into the budget of the local government unit of the taxpayer's residence. Thus the municipality gets over a half of the income tax collected from its residents.

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