Tax payments on the increase in Chechnya

CHECHNYA, 3 February, Caucasus Times – On Thursday [2 February], the Chechen department of the Russian Federal Tax Service summarized the results of the work of the republic’s tax bodies to collect tax payments into the budget in 2005.

Addressing the meeting, the head of the department, Islam Vazarkhanov, pointed out that the tax bodies of the Chechen Republic collected taxes to the tune of R7,951m [284m dollars] for the budget of the Russian Federation in 2005. Compared with the previous year, the volume of incomings increased by R2,698.6m, or 51.4 per cent.

The federal budget received R4,312.6m (excluding the social tax transferred into the federal budget). Compared with the previous year, this indicator increased by 104.9 per cent. The unified social tax transferred into the federal budget totalled R422.6m.

The consolidated budget of the Chechen Republic received R2,070.6m (the local budgets received R472.2m). Compared with the previous year, the volume of incomings increased by R460m, or 28.6 per cent.