According to the results of 2018, tax revenues from the oil and gas complex to the regional budget amounted to 15,6%, compared to the diamond’s 34,6%. The region’s authorities plan to improve these indicators, Yakutia 24 TV channel reports with the reference to the Regional Head’s Government.
The PJSC “Gazprom’s” subsidiary in the territory can increase revenue.
“In order to increase the revenue side of the state budget, the leadership and the government of the republic are working to create PJSC “Gazprom” subsidiary in the republic, which should bring the amount of payments to the republic’s budget in accordance with the volume of economic activity,” Solodov said.
The government of Yakutia also proposes to initiate amendments to the Tax Code of the Russian Federation. Thus, the investment threshold for extractive industries may increase from 50 to 500 million rubles.
“According to the last year results, the volume of revenues to the republic budget from oil production enterprises, that have privileges, exceeded the presented privileges by 5,9 billion rubles. Analyzing tax incentives, we observe an imbalance in the implementation of regional investment projects, especially in the primary sector of the economy. First of all, it concerns gold mining projects,” the words of the Prime Minister of Yakutia Vladimir Solodov are quoted.