SP: receipts in the Moscow budget on income of individuals will increase by 5%


Deputy Chairman of chamber of control and accounts of Moscow Litvintsev Vyacheslav added that the increase in the revenue budget relates to the expected growth of nominal wages and number of employed in the economy of the population.

MOSCOW, 19 Oct. Receipts in the Moscow budget from the tax to incomes of physical persons will increase by 5% in 2016, said Deputy Chairman of the chamber of control and accounts of Moscow Vyacheslav Litvintsev at the Commission meeting on economic policy and Finance in the Moscow city Duma.

The Moscow city Duma is planning the capital budget for the period 2016-2018 years. The increase in the share of the tax to incomes of physical persons 5% will bring in the city budget in total for this source of about 730 billion rubles in 2016.

“We have recorded that we changed the structure of the tax on income of individuals. individual Income is not only income at work and income, which are paid by citizens who are registered as working on patents, in addition, the dividends and the share increases every year,” said Litvintsev.

The increase in the revenue budget relates to the expected growth of nominal wages and number of employed in the economy of the population, he added.

The share of this tax in total tax revenue will increase from 50% in 2015 to 53% in 2018.