|Updated: 1.3.2013 - Next update: 11.7.2013|
Tax revenue grew in 2012
The tax ratio was 43.6 per cent in 2012. The tax ratio describes the ratio of taxes and compulsory social security contributions to gross domestic product. The tax ratio increased by 0.1 percentage points from the previous year. The accrual of taxes and compulsory social security contributions grew by 3.0 per cent or EUR 2.5 billion. In 2011, the tax revenue grew by 8.4 per cent. The total revenue for 2012 amounted to EUR 84.8 billion. These data are based on the preliminary national accounts data for 2012.
The revenue from households' income tax rose by 3.2 per cent and totalled EUR 24.8 billion. The value added tax revenue grew by 4.0 per cent and was EUR 17.7 billion. The revenue from employers' employment pension contributions increased by 4.1 per cent. Employment pension contributions by the insured grew by 10.8 per cent. The corporation tax revenue decreased by EUR 0.9 billion from last year. The decrease in corporation tax revenue was affected by, for instance, a drop in the tax rate in 2012. Vehicle tax and waste tax revenue decreased slightly.
The tax revenue of the state totalled EUR 40.2 billion, which is 2.3 per cent more than one year previously. The tax accrual of municipalities grew by one per cent and was EUR 19.4 billion. Social security funds accrued compulsory social security contributions to the tune of EUR 25.1 billion, or 5.9 per cent more than one year earlier.
Net tax ratio decreased to 18.0 per cent from 18.6 per cent 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 FinlandStatistical release
Statistics Finland / Taxes and tax-like payments
Description of indicator
Tax ratio describes the amount of compulsory taxes and other levies collected by general government during the year, expressed as a percentage of GDP for that year.
Total tax ratio is one of the commonest measures used in international comparisons of public sector sizes.