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Tue, 03 Mar, 2015 12:02:27 AM FTimes Report, Mar 3  File Photo Lehtikuva. The accrual of taxes and compulsory social security contributions grew by 1.5 per cent in 2014.
The total accrual amounted to euro 89.9 billion during the year, according to Statistics Finland’s data.
The tax ratio grew from the previous year by 0.2 percentage points to 44.1 per cent as per the data based on the preliminary national accounts for 2014.
The tax ratio describes the ratio of taxes and compulsory social security contributions to gross domestic product.
The revenue from income tax paid by households rose by 6.2 per cent and totalled euro 27.4 billion.
In addition, the accrual of employment pension contributions by the insured, real estate tax and capital transfer tax also grew clearly from the year before.
The accrual of corporation tax in turn contracted by 17.9 per cent that amounted to euro 3.8 billion.
The accruals of energy taxes, tobacco tax, and death duty and gift tax also diminished.
Income from auction of emission allowances, which is included in state revenues from taxes, amounted to euro 59 million.
The tax revenue of the state totalled euro 42.5 billion. The growth from the year before amounted to 1.1 per cent.
The tax revenue of municipalities totalled euro 21.2 billion and grew by 2.2 per cent from one year before.
The accruals of compulsory social security contributions paid to social security funds increased by 1.7 per cent and totalled euro 26 billion.
The proportion of taxes and statutory social security contributions in consolidated total general government income was around 80 per cent in 2014, the data show.
Taxes and compulsory social security contributions by sector, 2013 to 2014 1)
1) Preliminary data Source: National Accounts, Statistics Finland.
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