In a news release published on 14 April 2025, the Verohallinto reported on the development of tax revenues collected in January–March 2025. During the first three months of 2025, the Tax Administration collected a total of EUR 22.359 billion in taxes. The figures exclude taxes collected by other authorities, such as vehicle tax collected by Traficom, as well as tax-like charges including unemployment and pension insurance contributions. Tax revenues collected by the Tax Administration are distributed to the state, municipalities, parishes and the Social Insurance Institution (Kela).
From a VAT perspective, value added tax revenue amounted to EUR 5.991 billion, representing an increase of EUR 246 million (+4.3%) compared with the corresponding period in 2024. VAT was one of the strongest growing major tax categories during the period. By comparison, personal income tax revenue totalled EUR 10.502 billion, an increase of EUR 310 million (+3.0%) year on year. Payroll withholding on wages, pensions and taxable benefits—the largest component of income tax—amounted to EUR 9.064 billion, up EUR 201 million (+2.3%). Corporate income tax revenue for January–March 2025 amounted to EUR 2.279 billion, which was EUR 288 million (-11.2%) lower than in the same period of the previous year. The figures indicate that VAT revenue growth outpaced both personal income tax growth and overall tax revenue trends in the first quarter of 2025.
While the Tax Administration did not provide a breakdown of underlying causes, VAT revenue development typically reflects changes in consumption, price levels and compliance.
