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Published: 2 March 2015

Tax revenue grew by 1.5 per cent in 2014

The accrual of taxes and compulsory social security contributions grew by 1.5 per cent in 2014. The total accrual amounted to EUR 89.9 billion. The tax ratio grew from the previous year by 0.2 percentage points to 44.1 per cent. The tax ratio describes the ratio of taxes and compulsory social security contributions to gross domestic product. These data are based on the preliminary national accounts data for 2014.

Taxes and compulsory social security contributions by sector, 2013 to 2014 ¹⁾

Sector	Year	Million euro	Ratio to GDP, %
S13+S212 Total	2013	88 589	43,9
	2014	89 932	44,1
S1311 Central Government	2013	42 080	20,8
	2014	42 540	20,9
S1313 Local Government	2013	20 726	10,3
	2014	21 175	10,4
S1314 Social Security Funds	2013	25 616	12,7
	2014	26 046	12,8
S212 European Union	2013	167	0,1
	2014	171	0,1

1) Preliminary data

In particular, the revenue from households' income tax grew. The revenue from income tax paid by households rose by 6.2 per cent and totalled EUR 27.4 billion. The tax includes both taxes on earned income and taxes on capital income. The revenue from households' income tax was increased by, amongst other things, the renewal of dividend taxation, which took effect in 2014. In addition, the accrual of employment pension contributions by the insured, real estate tax and capital transfer tax also grew clearly from before. The accrual of corporation tax in turn contracted by 17.9 per cent, to EUR 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 EUR 59 million.

In 2014, the tax revenue of the state totalled EUR 42.5 billion. The growth from the year before amounted to 1.1 per cent. The tax revenue of municipalities totalled EUR 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 EUR 26 billion. The proportion of taxes and statutory social security contributions in consolidated total general government income was around 80 per cent in 2014.

In 2014, the net tax ratio decreased to 18.0 per cent from 18.5 per cent in the year before. The net tax ratio is calculated by deducting the subsidies, and current and capital transfers paid by general government to households and enterprises from the tax ratio.

Source: National Accounts, Statistics Finland

Inquiries: Kirsi Peltonen 029 551 3464, financial.accounts@stat.fi

Director in charge: Leena Storgårds

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Appendix tables

• Appendix table 1. Taxes by sector and tax category, 2013 to 2014 1) (2.3.2015)
• Appendix table 2. Net tax ratio and public transfers, 1975 to 2014 1) (2.3.2015)

Figures

• Appendix figure 1. Tax ratio in 1975 to 2014* (2.3.2015)
• Appendix figure 2. Tax ratio by tax collector sector 1975 - 2014* (2.3.2015)

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Updated 2.3.2015