Wednesday, August 23, 2017

Sverdlovsk region pays $878 million in taxes to national budget

Within the first two months of 2013, the Sverdlovsk region has transferred more than $878 million to the Russian Federation's consolidated budget for tax fees.

Press officials for the region said that the amount transferred into the national budget has spiked five percent over 2012, according to Ural Business Consulting.

During the two month period, the region has collected approximately $22 million in corporate income taxes, a 43 percent increase over the previous year.

Meanwhile, the region has collected 15 percent more tax income in 2013 than the previous year. The majority of the region's revenue has come from corporate income taxes, Ural Business Consulting reports.