The tax authorities will collect 42 billion euros in the first half of 2022

The Finnish authority has collected approximately 42 billion euros in taxes during the first six months of this year, which is more than 9 percent more than at the same last year.

In a press release, the agency stated that the increase in the state treasury’s income is mainly due to increased economic activity and an increase in employment.

During the first six months of 2021, the Finnish was still at a standstill due to the effects of the Covid , the agency also stated that many restrictions on activities related to Covid remained.

In a further breakdown of the figures, the authority stated that the value added tax (VAT) payment revenue increased by 7 percent compared to the same period last year, while corporate tax increased by almost 27 percent.

"People have bought more goods and services in November-April than a year earlier," Matti Luokkanen The Tax Administration wrote in the announcement.

"However, no conclusions can be drawn from the figures about the effects of the uncertain situation in the global economy, and also affects the value added tax figures at the end of the year."

Source: The Nordic Page


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