As a responsible company, taking care of the financial profitability and competitiveness of our operations is important to us, as it is the only way to guarantee continuous development of our services and network, as well as to employ thousands of competent employees together with our partner network.
A key part of Elisa’s revenue goes back to Finnish society in the form of investments, salaries, taxes, dividends paid to our owners and payments made to our partner network. We also participate in the persistent development of society through our active research and startup cooperation.
Our objective is that our long-term and consistent strategy will continue to produce added value for our stakeholder groups in the future.
Significant tax payer
By paying taxes and other public levies, we participate in the development of society as a whole. We are one of Finland’s largest payers of corporate income tax. Tax information from Elisa's subsidiaries and operations is collected annually as part of the financial reporting process. It is used to calculate Elisa's annual tax footprint.
The taxes paid and accounted for by us in 2019 totalled EUR 457 (439) million. Our share of all the corporate taxes paid by telecom operators in Finland is 71 per cent (according to the confirmed tax data for 2018).
Elisa’s profit has a nationwide impact, as the municipal share of corporate income tax is divided among municipalities based on how many employees work in each municipality. More than 40 per cent of the corporate income tax we pay goes to almost 40 municipalities outside the Helsinki metropolitan area. Due to our extensive network of offices,
we are one of the most important payers of corporate income taxes in many locations. Elisa paid EUR 68 (66) million in corporate income tax (according to the confirmed tax data for 2018).
In Estonia, the company only pays corporate income tax if it pays dividends to its owners.
Investments to Finland and Estonia
We build and maintain a comprehensive communications network in our main market areas in Finland and Estonia.We are the most significant operator investor in Finland by our capital expenditure investments of nearly EUR 200 million.
Our investments are allocated directly to the development of the data communications infrastructure, 4G networks, the landline trunk network, IT systems, digital services and customer terminal equipment.