Ford-Vsevolozhsk Trade Union stages a protest action in Vsevolozhsk near the building of local authorities. A slogan on the car reads: "We pay taxes, where are the roads?"
Photo: Mikhail Razuvaev
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Tax Collection Loses Acceleration
Russia’s Federal Tax Service reported yesterday the Q1 tax receipts of budget (federal and consolidated budgets of the country’s regions and three off-budget funds). The overall tax collection stepped up 12 percent to 1.631 trillion rubles in the first quarter compared with the 33-percent gains posted past year.
Of five core taxes of Russia, only three showed the healthy growth. The Q1 profit receipts gained 26 percent on year, the tax on individual income surged 35 percent and unified social tax grew 31 percent. But if the income tax maintained the usual speed and unified social tax somewhat accelerated vs. 2006, the profit tax slowed down its pace.
According to Russia’s Federal Statistics Service, the growth in balanced financial result (profit less loss) was 11 percent on year in January to February vs. 36 percent manifested a year earlier.
Moreover, collection of VAT and severance tax declined in the first quarter. The VAT result was 214 billion rubles in 2005, 269 billion rubles in 2006 and just 208 billion rubles in 2007. As to the severance tax, the 13-percent drop in its collection could be blamed on shedding crude prices. A barrel of Urals cost $58.1 in January to February of 2006, but just $51.8 in the first two months of this year.
www.kommersant.com
All the Article in Russian as of Apr. 24, 2007
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