Economic boom of the consumer crediting increased tax levies flow to the state treasury

Following the 2013 results the total return of duties for land and property has increased by 12%. According to experts, such results were achieved mostly thanks to close cooperation of the Federal Tax Service (FTS) and the Federal Service for State Registration, Cadastre and Cartography (Roseestr).

During current year both departments are planning to continue the effective cooperation. In such a way, the total data comparison about property units of Roseestr and FTS is in the works.

The possible ways of the informational collaboration were discussed on the last meeting of these departments. The returns of duties for the property by 2013 were also summed up.

According to the Head of FTS, Mikhail Mishustin, by 2013 results, the total tax revenue to the consolidated budget without the transport tax amounted to 790 bln rubles. At the same time the tax revenue growth was evidenced under the following items: property tax – by 26% (22.3 bln rubles), corporate property tax – by 15% (615.1 bln rubles), land tax – by 11% (156.5 bln rubles).

In expert’s judgement, the tax revenue growth can be explained by the improvement of the examiners’ administration processes. They started to pay more attention to the registration of property units by the due date. Moreover, there was a change over from the taxation base to trading multiples, in other words the property items estimation according to the cadastral value.

Economic boom of the consumer crediting in 2012-2013 also resulted in the tax revenue growth. Individuals started to purchase sufficiently expensive property items.

The total administrative and economical actions for the tax base accession have already had its positive results. The effective cooperation of both departments is the minimal term for the tax base accession and tax collection in full for the estimation by examiners.