AUDITING OF STATE REVENUE

State Audit Office of Estonia

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Statistics of state revenue in Estonia

Estonian state revenue is mostly dependent on taxes

Fiscal year 2003:

Percentage of tax revenue in state revenue: 87%

Percentage of total state revenues to GDP: 42%

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Tax Revenue 2003

Type of tax Percentage of tax revenue in 2003

Social tax 39.7

VAT 31.1

Personal income tax 10.9

Corporate income tax 6.0

Other tax revenues 12.3

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Mandate of State Audit Office of Estonia

The mandate of SAO is set out: State Audit Office Act State Budget Act

According to State Budget Act SAO has an obligation to present to the Parliament an opinion on the state budget execution report (includes report on revenue collection)

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Mandate of State Audit Office of Estonia

SAO has access to: all accounts and records of Tax Administration all accounts and records of Individual taxpayers on-line data of accounts and records of Tax Administration

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Resources and organisation

SAO has no special unit or auditors for conducting the revenue audits.

Financial audits of state revenue are conducted by financial audit department.

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Audit objective

Audit objective:1) Are the collected revenues recorded properly?

2) Are all collected revenues transferred into the state budget on the right time and in the right amount?

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Co-operation between SAIs

We propose following forms of co-operation: Training programs Joint working group for adopting already existing

guidelines and methodology