In the first two months of this year, 2.667 billion euros were collected in taxes, which is 6.3 million euros or 0.2% less than planned, the Ministry of Finance reported to the LETA agency.
At the same time, tax revenues in the first two months of 2024 were 85.5 million euros or 3.7% higher than in the same period of 2023.
In the state consolidated budget, 2.536 billion euros in taxes were collected in the first two months of 2026, which is 10.9 million euros or 0.4% less than planned. Compared to the same period last year, tax revenues in the consolidated budget increased by 90.2 million euros or 3.7%.
In the state budget, tax revenues amounted to 2.148 billion euros, which is 89.7 million euros or 4.4% more than planned, while local government budgets received 388.4 million euros, which is 100.6 million euros or 20.6% less than planned.
In the state-funded pension scheme, 130.9 million euros were collected in the first two months of this year, which is 4.6 million euros or 3.7% more than planned.
The largest revenues in January–February came from social security contributions — 976 million euros, which is 0.3% less than planned.
Value-added tax (VAT) revenues amounted to 691.3 million euros, which is 2.8% more than planned, while personal income tax revenues totaled 524.5 million euros — 5% less than planned.
Excise tax revenues amounted to 211.5 million euros, which is 1.8% less than planned. This includes revenues from petroleum products — 107.3 million euros (+3%), from tobacco products — 48 million euros (+2.7%), from alcoholic beverages — 31.6 million euros (–25.4%), from natural gas — 10.9 million euros (+45.9%), and from beer — 7 million euros (–13.3%).
Corporate income tax revenues amounted to 129.2 million euros, which is 31.8% more than planned, while property tax revenues were 48.7 million euros, which is 5.5% less than planned.
Vehicle operation tax revenues amounted to 24.4 million euros (+1.8%), while solidarity contributions were 17.3 million euros (–44.2%).
Natural resource tax revenues amounted to 16.3 million euros (–25.6%), customs revenues were 12.2 million euros (–6.4%), and lottery and gambling tax revenues were 10.3 million euros (+0.5%).
Company car tax revenues amounted to 4.3 million euros (–16.6%), and electricity tax revenues were 1 million euros (+1.5%).
The Ministry of Finance notes that total revenues of the consolidated budget in the first two months of this year amounted to 3.5 billion euros, which is 651.3 million euros or 22.5% more compared to the same period last year.
It is noted that foreign financial aid revenues increased by 433 million euros — at the beginning of the year, payments from the European Commission were received under the European Union funds programs for the planning period 2021–2027. This includes an increase of 242 million euros from the European Regional Development Fund, 60.8 million euros from the Cohesion Fund, and more than 41 million euros combined from the European Social Fund (ESF+) and the Just Transition Fund.
"Both in the following months and overall for the year, revenues from EU funds and as the Recovery Plan is implemented will be significantly higher than the previous year," the Ministry of Finance noted.
Tax revenues in the consolidated budget, including the balance in the single tax account, increased by 141.4 million euros or 6.2% in the first two months of this year, reaching 2.414 billion euros.
According to the Ministry of Finance, this year revenues from consumption taxes have increased, including VAT revenues which rose by 64.8 million euros or 10.3%.
According to the State Revenue Service (SRS), VAT revenues increased by 7.5%, while refunds increased by 1.9%. "Trade, as the largest VAT payer, continues to see revenue growth, as do payments in energy and services," the Ministry of Finance explained.
Excise tax revenues in the first two months of this year were 16.6 million euros or 8.5% more than a year earlier. The largest growth was noted in petroleum products, while revenues from tobacco products remained close to last year's level.
The Ministry of Finance notes that as of January 1 of this year, excise tax rates have been increased. According to the SRS, in December 2025 and January of this year, consumption of petroleum products increased by 8.6% (including diesel fuel — by 7.6%, gasoline — by 9.8%), while consumption of cigarettes and alcoholic beverages decreased by 10.3% and 2.7%, respectively.
Labor tax revenues continue to be influenced by the 2025 tax reform — the redistribution of one percentage point of state social security contributions from the second pension level to the first, as well as increased personal income tax benefits.
State social security contributions to the consolidated budget (excluding contributions to the funded pension scheme) reached 845.1 million euros, increasing by 55.1 million euros or 7%, while personal income tax revenues amounted to 524.5 million euros — 33.8 million euros or 6% less than a year earlier. In January 2025, personal income tax was still collected on income for December 2024 under the previous regulations.
According to the SRS, the wage fund in December 2025 and January of this year grew by 4.7%, aided by an increase in the minimum wage from 740 to 780 euros as of January 1. However, a year earlier the growth was 5.8%, indicating a slowdown in the growth rate, the Ministry of Finance notes.
At the same time, corporate income tax revenues in the first two months of this year decreased by 27.9 million euros or 17.8% compared to the same period last year. This is explained by changes in tax regulations and taxpayer behavior at the end of 2024, when companies distributed a large portion of profits by paying dividends to individuals, as from 2025 an additional personal income tax rate of 3% applies to income over 200,000 euros.
Leave a comment