Finance ministry: Tax take up nearly 20 percent on year to Q1 2021

Tax revenue grew nearly 20 percent on year to the first quarter of 2021 (Q1 2021), the finance ministry reports, and totaled €1.77 billion, payable to the Tax and Customs Board (MTA).

The tax take increased for three consecutive months, with growth gradually accelerating, the finance ministry says, largely due to the low baseline in spring 2020 as the coronavirus pandemic arrived.

Vat payments for Q1 2021 exceeded even Q1 2019, prior to the crisi, by €47 million, at €605 million, the ministry says

At the end of Q1 2021, the total turnover of enterprises rose to 11.2 per cent year-on-year, despite lengthier restrictions than those of March 2020, the ministry says.

The growth of the wage bill affecting labor contributions rose 0.9 per cent year-on-year.

Payment of social tax increased by 13.3 percent in March on year.

Read more: ERR.EE

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