Published: 3 March 2014

Tax revenue grew in 2013

The accrual of taxes and compulsory social security contributions grew by 3.9 per cent in 2013. The total accrual amounted to EUR 88.2 billion. The tax ratio was 45.6 per cent. The tax ratio describes the ratio of taxes and compulsory social security contributions to gross domestic product. The tax ratio increased by 1.5 percentage points from the previous year. These data are based on the preliminary national accounts data for 2013.

Taxes and compulsory social security contributions by sector, 2012–2013* 1)

Sector Year Million euro Ratio to GDP, %
S13+S212 Total 2012 84 839 44,1
2013 88 186 45,6
S1311 Central Government 2012 40 084 20,8
2013 41 629 21,5
S1313 Local Government 2012 19 359 10,1
2013 20 726 10,7
S1314 Social Security Funds 2012 25 211 13,1
2013 25 664 13,3
S212 European Union 2012 185 0,1
2013 167 0,1
1) Preliminary data

In particular, the revenue from households' income tax, value added tax and corporation tax grew. The accrual of value added tax amounted to EUR 18.4 billion, or 4.6 per cent more than in 2012. The revenue from households' income tax rose by 4.2 per cent and totalled EUR 25.8 billion. The accrual of corporation tax grew by 13.8 per cent, to EUR 4.7 billion. In addition, the revenue from inheritance and gift tax, as well as from tobacco tax increased. The accrual of alcohol and vehicle tax decreased.

Compared to one year earlier, growth was rapid for corporation tax and inheritance and gift tax. 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. According to a preliminary estimate, 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.

The tax revenue of the state totalled EUR 41.6 billion and grew by 3.9 per cent. The tax accrual of municipalities totalled EUR 20.7 billion and grew briskly by 7.1 per cent. The growth of compulsory social security contributions paid to social security funds slowed down to 1.8 per cent. The total accrual of compulsory social security contributions was EUR 25.7 billion. The proportion of taxes and statutory social security contributions in consolidated total general government income was around 81 per cent in 2013.

The net tax ratio grew to 19.1 per cent from 18.3 per cent in 2012. The net tax ratio is calculated by deducting from the tax ratio the subsidies, and current and capital transfers paid by general government to households and enterprises.


Source: National Accounts, Statistics Finland

Inquiries: Jukka Hytönen 09 1734 3484, Kirsi Raitanen 09 1734 3464, financial.accounts@stat.fi

Director in charge: Leena Storgårds

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Tables

Tables in databases

Appendix tables

Figures

Updated 3.3.2014

Referencing instructions:

Official Statistics of Finland (OSF): Taxes and tax-like payments [e-publication].
ISSN=2341-6998. 2013. Helsinki: Statistics Finland [referred: 13.12.2019].
Access method: http://www.stat.fi/til/vermak/2013/vermak_2013_2014-03-03_tie_001_en.html