State budget on track

TALLINN -  According to the Estonian Tax and Customs Board, the tax revenue collected by the state budget amounted to over 2.8 billion euros in the first eight months of this year, which forms 66.4 percent of the revenue planned for the year in the 2011 state budget, reports Aripaev Online. The first eight months’ tax collection was 5.4 percent higher than at the same time in 2010, and 6.4 percent higher than in 2009.

In August, 378 million euros of tax revenue was collected.
The social tax revenue amounted to 153 million euros in August, 5 percent more than last year. In eight months, 69 percent of the planned revenue was collected.
Private individuals’ income tax collection was 26.9 million euros in August. In eight months 53 percent of the annual plan has been collected.

Legal entities paid income tax of a total of 16.6 million euros in August, 0.3 percent less than last year. In eight months, 60 percent of the amount planned for the year has been collected.
113.9 million euros of value-added tax was collected in August, 2.6 percent more than last year. 65.7 percent of the budget plan has been collected.

Excise tax collection amounted to 470.1 million euros in eight months, 66.8 percent of the budget plan and 6.3 percent more than last year. In August 62.6 million euros was collected.