Sverdlovsk Region’s Finance Ministry to Get 7.8% More in Taxes

UrBC, Yekaterinburg, July 25, 2017. According to Sverdlovsk Region’s Finance Ministry’s forecast, the large-scale local enterprises are expected to pay 7.8% (4.5bn RUR) more taxes this year than in 2016, Governor of Sverdlovsk Region’s Information Policy Department reports.

The additional tax influx is expected to come from increased corporate tax, property tax, and income tax payments.

Now Governor Evgeniy Kuivashev recently called for exploring the constituency’s revenue potential and for dealing with taxpayers on a case-by-case basis.

‘The Finance Ministry coordinated a number of meetings with representatives of local companies in the secondary sector, the fossils production sector, the transport and telecommunications industry, the building industry, the real estate segment, and the banking sector, as well as with wholesale and retail traders and businesses involved in production and distribution of water, heating, and electric power in May and June. Together, these companies pay around 30% of taxes Sverdlovsk Region’s budget gets. These meetings were also attended by representatives of Russia’s Federal Tax Service’s Sverdlovsk Region division,’ the Department says.


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