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There are fewer outstanding tax payments in Russia

Date: February 23, 2024 Time: 14:00:14

Egorov noted an increase in personal income tax


– Daniil Vyacheslavovich, what are our forecasts? It should be about 46 billion, right? – Russian President Vladimir Putin began his conversation with the head of the Federal Tax Service with the tax collection figures that the treasury will receive this year.

Egorov confirmed. 46 billion is 9% more than in the past.

At the same time, most of the revenue structure so far comes from the oil and gas industry. At the same time, according to the country’s head of the Treasury, “the income tax is already working very well”, VAT collection has increased by 11%. Insurance premiums: by 29%.

On the other hand, Egorov highlighted the increase in personal income tax (13%), “which corresponds to the general increase in salaries in the country.”

Another important issue that the head of the Federal Tax Service raised in Vladimir Putin’s office is that the payment system has been reformed: now, instead of taxpayers transferring different taxes on different receipts to different authorities, everyone has one account in the Federal Tax Service, where they pay, and the service itself is already “dedicated to dividing.”

“Last year we had approximately 670 billion rubles in unexplained payments, this year 28,” Egorov explained.

– Unexplained payments? – the head of state was surprised.

– When people make mistakes in payments, because they need to access all the cells of the budget system, that’s why constant errors occurred. There are 24 times fewer cases of this type left without explanation,” the official deciphered and stated that that is why there are half as many debtors.

And one more innovation, which the head of the Treasury boasted about. He says they came up with a new system to inform everyone involved in the tax process, from payers to governors and the service itself. Now the tax payment process has become more transparent and clear.

“This is not only much more convenient for all participants in this process, both for the State and mainly for taxpayers, but also leads to an increase in collection rates,” said the Head of State.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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