Russian fiscal revenue down 17.9% in H1 - Tax Service
MOSCOW. July 20 (Interfax) - Taxes and other dues paid into Russia's budget system and administered by the Federal Tax Service, including payments to state extra-budgetary funds, fell 17.9% to 3.919 trillion rubles in the first half of 2009 compared to the same period of 2008, the Tax Service said.
Revenue to the consolidated budget declined 22% to 3.126 trillion rubles in the period.
Revenue to state extra-budgetary funds grew 2.9% to 793.2 billion rubles.
Revenue to the consolidated budgets of Russia's constituent regions fell 14.8% to 1.754 trillion rubles in the six months.
Federal budget revenue declined 29.5% to 1.372 trillion rubles.
Most of the revenue administered by the Federal Tax Service consisted of value-added tax (40%), natural resource extraction tax (NRET) (28%), unified social tax (18%) and corporate profit tax (9%).
VAT and the unified social tax were the only taxes to increase in the period. The rest saw a decline as compared to the same period of 2008.
Specifically, VAT on goods, work and services sold in Russia rose 27.2% to 553.5 billion rubles in the period. VAT on goods imported to Russia from Belarus fell 28.6% to 13.7 billion rubles.
The unified social tax paid to the federal budget rose 3.9% to 250.2 billion rubles in the six months.
Profit taxes paid to the federal budget 67.7% to 118 billion rubles with the budget receiving 3.3 billion rubles in June and 3.7 billion rubles in May.
NRET paid to the consolidated budget declined 52.4% to 412.6 billion rubles, including a 54.7% drop for the oil tax to 355.3 billion rubles.