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Sun, 13 Jul, 2014 12:08:14 AM FTimes Report, July 13  New and old tax ratios in 1975 to 2013*. Source: Statistics Finland. The accrual of taxes and compulsory social security contributions to the gross domestic product grew by 3.9 per cent in 2013, according to the Statistics Finland.
The total accrual amounted to EUR 88.6 billion. The tax ratio, which describes the ratio of taxes and compulsory social security contributions to GDP, was 44.0 per cent, the data shows.
The tax ratio increased by 1.2 percentage points from the previous year.
In particular, the revenue from households' income tax, value added tax and corporation tax grew, according to the statistics based on the preliminary national accounts data for 2013.
The accrual of corporation tax grew by 13.8 per cent, to EUR 4.7 billion. In addition, the revenue from death duty, gift tax, tobacco tax and vehicle tax increased clearly from before. The accrual of alcohol, energy and car tax decreased.
Of new taxes in 2013, a total of EUR 134 million was accrued in bank tax. The public service broadcasting tax is included in the accrual of households' income tax and corporation tax.
The total accrual of the public service broadcasting tax is around EUR 500 million of which approximately EUR 480 million is included in households' income tax, according to a preliminary estimate.
In 2013, the tax revenue of the state totalled EUR 42.1 billion and grew by 4.0 per cent from one year earlier.
The tax revenue of municipalities amounted to EUR 20.7 billion and grew by 7.1 per cent.
The growth of compulsory social security contributions paid to social security funds slowed down to 1.5 per cent, the data shows.
In 2013, the proportion of taxes and statutory social security contributions in consolidated total general government income was 79 per cent.
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