Tax returns for consolidated budget rise 11.6% to 3.3 trln rubles in Q1
MOSCOW. April 9 (Interfax) - Tax returns for Russia's consolidated budget grew 11.6% year-on-year in Q1 2015 to 3.3 trillion rubles, Mikhail Mishustin, head of the Federal Tax Service, said at a meeting with President Vladimir Putin.
The federal budget received 1.8 trillion rubles in tax, 17% more.
"It's a continuation of the trend seen in 2014, when we had roughly the same rates of growth for the consolidated and federal budgets," Mishustin said.
Tax returns in real terms, adjusted for the GDP deflator, grew 4.9% last year, while GDP itself grew 0.6%, Mishustin told reporters. Tax returns grew 5.1% in real terms in Q1 2015, when GDP fell, he said.
Value-added tax (VAT) returns grew 20% year-on-year to 680 billion rubles, due partly, Mishustin said, to the implementation of the second stage of an automated control system for VAT refunds. The first stage of the system brought the budget an additional 101 billion rubles in revenue.
