Russia's Tax Service increases transfers to budget system by 11.3% to $514.94 bln in 2023

Business & Economy March 05, 21:15

The growth in corporate income tax revenues in 2023 amounted to more than 24%, VAT - 11%, personal income tax - 14%

MOSCOW, March 5. /TASS/. Tax revenues to the Russian budget system in 2023 amounted to 46.8 trillion rubles ($514.94 bln), which is 11.3% more than in 2022, according to the press service of the Russian Federal Tax Service.

The federal budget received 19.6 trillion rubles ($215.66 bln), which is an increase of 1.1%, the consolidated budget - 36.2 trillion rubles ($398.24 bln), with an increase of 7.7%.

The growth in corporate income tax revenues in 2023 amounted to more than 24%, VAT - 11%, personal income tax - 14%. Contributions for compulsory social insurance in 2023 increased by 25.7%.

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