Finland Times

 

The accrual of taxes and compulsory social security contributions grew by 2.4 per cent in 2015.

 

The total accrual amounted to EUR 92.1 billion and the tax ratio grew from the previous year by 0.6 percentage points to 44.5 per cent, according to Statistics Finland.

 

The revenue from income tax of corporations grew particularly while the revenue from income tax paid by corporations rose by 15.2 per cent and totalled EUR 4.4 billion.

 

In addition, the accrual from households' income tax, employment pension contributions paid by employers and the insured, inheritance and gift tax, energy taxes and excise duty on tobacco, for example, grew in 2015 as per the statistics based on the preliminary national accounts data for 2015.

 

The accrual of excise duties on alcoholic beverages, in turn, contracted by 1.8 per cent to EUR 1.4 billion.

 

EUR two million were recorded in the national accounts as tax revenue from the contributions to the Resolution Fund collected by the Financial Stability Authority in 2015 from credit institutions and investment firms.  

 

In 2015, the tax revenue of the state totalled EUR 43.4 billion and the growth from the year before amounted to 1.7 per cent.

 

The tax revenue of municipalities totalled EUR 21.9 billion and grew by 3.3 per cent from one year before. The accruals of compulsory social security contributions paid to social security funds increased by 2.7 per cent and totalled EUR 26.7 billion, the data show.

 

The proportion of taxes and statutory social security contributions in consolidated total general government income was 80.1 per cent in 2015.

 

The net tax ratio decreased to 17.8 per cent from 17.9 per cent in the year before.  

 

Taxes and compulsory social security contributions by sector, 2014 - 2015*

 

		Million euro	Ratio to GDP, %
Sector	Year
S13+S212 Total	2014	90 021	43,9
	2015	92 144	44,5
S1311 Central Government	2014	42 680	20,8
	2015	43 419	21,0
S1313 Local Government	2014	21 174	10,3
	2015	21 864	10,6
S1314 Social Security Funds	2014	25 996	12,7
	2015	26 695	12,9
S212 European Union	2014	171	0,1
	2015	166	0,1

*Preliminary data