Moscow tax revenues currently account for 16 percent of the federal budget.
Photo: Sergey Mikheev
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Tax Revenues in Moscow Grow Faster than in the Whole Russia
Moscow tax officials report record-high revenues in 2006, collecting over 1 trillion rubles, 48 percent more than in 2005. The growth is twice as high as in Russia on the whole. Moscow VAT yield was 43 percent more than last year – and only 3 percent up in Russia. The officials account the success for effective tax administration.
The Moscow department of the Federal Tax Service collected 1.13 trillion rubles in taxes last year. 470 billion rubles was transferred to the federal budget. On the whole, Russian tax authorities collected 3 trillion rubles in 2006, according to preliminary reports. Official Russian tax data will be available later.
Thus, Moscow tax authorities secured 16 percent of the state coffers, up from 13 percent in 2005. The tax yield in Moscow went up 48 percent last year, against overall 20-percent growth in Russia.
The Moscow tax collection rise can be accounted for three major taxes – profits tax (34 percent of the total yield in 2006), VAT (31 percent) and income tax (21 percent). The collection of profits tax skyrocketed by 76 percent in 2006. Unlike the rest of Russia, Moscow showed some achievement in collecting value added tax, increasing the tax revenue by 43 percent last year, compared to a 3-percent growth in Russia on the average. The city tax agency explains this fact by an economic boom in Moscow suburbs where the volume of services and goods went up 39 percent last year. Moscow tax officials also laud an effective campaign to collect VAT.
Kommersant experts agree that tax authorities have built up pressure on Moscow regional tax payers, citing numerous court decisions and recommendations in favor of tax collectors.
www.kommersant.com
All the Article in Russian as of Jan. 24, 2007
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