Sverdlovsk Region Pays 6% More to Russia’s Budget

17 February 2020 (12:56)

UrBC, Yekaterinburg, February 17, 2020. Sverdlovsk Region transferred RUB 381bn worth of tax payments and revenues to the Russian Federation budget last year, which exceeded the figures for one year previously by 6%, Head of Russia’s Federal Tax Service’s Sverdlovsk Region division Sergey Loginov said at a meeting.

‘RUB 130bn got directed to the federal budget (up 19% on a year earlier) and RUB 251bn got directed to Sverdlovsk Region’s consolidated budget (+0.5%). RUB 206bn went to non-budget funds. Insurance fee payments went up by 8.9%, VAT payments rose by 17% and amounted to RUB 95bn, private income tax payments rose by 9% and amounted to RUB 109bn, and corporate tax payments rose by 4% and amounted to more than RUB 106bn,’ Russia’s Federal Tax Service’s Sverdlovsk Region division’s press service quotes Sergey Loginov as stating.

According to Loginov, the tax service keeps trying to make its review work more efficient through better analytics. In 2019, review work and inspections performed by Sverdlovsk Region’s fiscal bodies resulted in extra RUB 4bn+ worth of tax payments to local, regional, and federal budgets. 261 field tax audits took place last year, with RUB 7.8m of additional tax charges per business on average.

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