Estonia’s Tax Revenues Rise by €1.1 B in 2025

💶 Estonia’s Tax Revenues Rise by €1.1 B in 2025

Estonia’s tax revenues grew by €1.1 billion in the first nine months of 2025 compared to the same period last year, reaching a total of €11.3 billion, according to the Tax and Customs Board (EMTA).

The agency attributes the increase mainly to changes in tax law and a rise in average wages. In September alone, collections reached €1.28 billion, up €117 million year-on-year.

The largest increases came from:

• Personal income tax +€360 million

• Social tax +€205 million

• VAT +€238 million

• Corporate income tax +€170 million

• Fuel excise +€30 million

• Tobacco excise +€3 million

Alcohol excise, however, fell by €6 million.

Outstanding tax debt stood at €351 million on 1 October, with €51 million deferred.

Context:

Higher wage levels and tax adjustments have strengthened Estonia’s fiscal position despite slower economic growth. The figures suggest steady consumer activity and strong labor-market dynamics going into Q4 2025.