7 Sep 2011 13:40

Federal tax returns in Russia soar 42% to 2.9 trillion rubles in 8M

MOSCOW. Sept 7 (Interfax) - Tax returns for Russia's federal budget soared 42% year-on-year in January-August to 2.907 trillion rubles, Mikhail Mishustin, head of the Federal Tax Service, said at a meeting of the service's officials.

Around 70% of the year's targeted federal tax returns was met in the period.

August tax returns soared 50% year-on-year to 352 billion rubles.

Tax debt rose by 56 billion rubles or 4% to 1.22 trillion rubles between January 1 and August 1, 2011, Mishustin said.