International Internet Magazine. Baltic States news & analytics
Thursday, 26.05.2016, 01:44
FinMin: tax revenue has exceeded expectations in Estonia in 7 months
This was in particular due to high revenue in value added tax and legal entities’ income tax.
The Tax and Customs Board reported that 461.9 million euros in tax revenue was collected in July. 58.2% of the amount planned for the entire year has been collected during seven months.
In comparison with July 2011, the tax revenue was 11.9% higher. The tax revenue collected in the course of the year is 11.2% higher than last year.
183.5 million euros of social tax revenue was collected in July and in the course of seven months, 58.9% of the amount planned for the entire year has been collected. Social tax revenue grew 7.2% in the year-on-year comparison. Payments of wages in June grew 6.8%, particularly due to the construction sector. The number of recipients of wage payments grew 1.8% while in the construction sector the growth was 7%.