News

11 February 2019, 16:14

Business

LPR tax revenue up 41 pc in 2018 year-on-year

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LUGANSK, February 11 (Lugansk Media Centre) – The Lugansk People’s Republic Tax and Revenue Committee reported a 41 percent increase in tax revenue in 2018 year-on-year.

“The Committee reports that consolidated budget revenue increased by 41 percent compared to last year, the tax revenue expectations have been met,” the report said.

An increase in tax revenue was recorded in all branches of the economy, e.g.: machine engineering (52 percent), metallurgy (47 percent), communications (39 percent), food (29 percent), transport (26 percent), chemical industry (21 percent), construction (19 percent), trade (18 percent).

Earlier, the LPR Tax and Revenue Committee reported a 38.5 percent increase in budget tax revenue in the first nine months of 2018 year-on-year.

LPR business people declared and legalized more than 130 mln rubles worth of earlier concealed profits and paid some three million rubles worth of taxes.

LuganskMediaCentre — 11 February — Lugansk