The Statistics Office reported that Estonia's state budget saw inflows of 1.31 billion euros in January, representing an 11.6% decrease compared to January 2025, while showing a 9.5% increase from December. This fluctuation is largely attributed to a significant reduction in corporate income tax revenue. In 2025, the corporate tax rate was raised, leading to a surge in dividend payments with lower tax rates declared at the beginning of the previous year, which significantly inflated the January 2025 figures.

The report details that in January 2025, 355.2 million euros in corporate income tax was collected, a stark contrast to the figures reported in the previous months — only 111.2 million euros was collected in December 2024, and merely 55.3 million euros in November. Following January 2025, corporate income tax revenue plummeted, with February showing a mere 34.6 million euros collected. This drastic drop highlights the volatility of tax revenues impacted by regulatory changes and market responses.

In January of the current year, corporate income tax receipts were noted at 120.7 million euros, which signifies a staggering 66% decline year-on-year. Despite this decline, it was recorded as the highest monthly collection in the past 12 months, indicating some recovery in tax collection compared to previous lows. The year-on-year decline reflects broader economic trends and may signal challenges ahead for budgetary planning and financing in the Estonian government’s fiscal policy.