Vladimir Putin promises to have local budget’s PIT revenues calculated for three years
12 November 2013 (10:10)
November 12, 2013. Russian President Vladimir Putin promised at the All-Russian local governments conference that the personal income tax revenues into local budgets would be calculated for the next three years, Kommersant reports.
The Mayor of Khabarovsk asked the President to instruct the Russian Government to set long-term norms and minimum figures for the tax revenues into municipal budgets, including the PIT. The President agreed that the tax revenues transferred into the local budgets by the federal constituencies should be more or less fixed and long-term, as this was the only way ‘to do some economic planning’.
The President feels, however, that it is impossible to set long-term minimum figures for diversified tax types such as the corporate income tax.
‘Personal income tax is the stable and the best-collected tax, let us have it calculated for the next three years,’ Putin said.
The Mayor of Khabarovsk asked the President to instruct the Russian Government to set long-term norms and minimum figures for the tax revenues into municipal budgets, including the PIT. The President agreed that the tax revenues transferred into the local budgets by the federal constituencies should be more or less fixed and long-term, as this was the only way ‘to do some economic planning’.
The President feels, however, that it is impossible to set long-term minimum figures for diversified tax types such as the corporate income tax.
‘Personal income tax is the stable and the best-collected tax, let us have it calculated for the next three years,’ Putin said.
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