Taxes paid into Russia's budget system grow 7% to 34.3 trln rubles in Jan-July
MOSCOW. Aug 13 (Interfax) - Russia's budget system saw revenues administered by the Federal Tax Service (FTS) increase 7% year-on-year or by 2.4 trillion rubles to 34.3 trillion rubles in January-July, it follows from materials prepared for a meeting between President Vladimir Putin and FTS chief Daniil Yegorov.
Tax payments to the federal budget rose 5%. Non-oil revenues administered by the FTS increased 27% YoY or 2 trillion rubles to 9.5 trillion rubles.
"In terms of industries, the results from our manufacturing industry are really not bad [...] the financial sector, the construction sector, trade, and the IT sector also made the top five," Yegorov said at the meeting.
He also said that the tax service was prepared for the changes made in 2025 to tax administration. "In terms of income tax, we have fully moved to a new system, a so-called progressive scale. We have created a system of deductions which is now valid for up to 12 days for people across all deduction categories. We have increased the standard deductions, which 15 million people will be able to access, totaling something like 35 billion rubles. That whole system is also working well," he said.
Yegorov said that all of the data necessary for calculating the social tax payments to be introduced for families with children had been tested with the insurance fund and that the payments would be accessible from next year based on income from the current period.
He also said that taxpayers using the simplified taxation system with income exceeding 60 million rubles had begun to pay VAT from the beginning of 2025. Due to the government's concerns that not all taxpayers would have time to prepare for this and submit their financial statements on time, fines were waived and account transactions suspended for those who failed to do so. "However, there were 180,000 taxpayers in the first quarter; only 2% did not submit financial statements, and we are already working with them to rectify this. Overall, the whole system has worked out excellently," he said.
In July, the FTS was authorized to conduct analyses of organizations' financial and economic activity. In connection with this, it developed a risk assessment service with over 50 parameters. "We have created a system which will allow for the mutual assessment of counterparties. That means that I can request data on myself from the tax service and pass this on to a counterparty, so that he can see what financial state I am in," he said. He also said that over 40% of state procurement still in the experimental stage was being conducted using the service. "Only 0.6% of contracts have been terminated due to the use of scoring," Yegorov said.
