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24 June, Saturday

Ufa   °

Bashkiria budget will receive 600 million rubles of additional revenues

Business

UFA, 4 December 2014. /Bashinform News Agency, Elvira Latypova/.

Bashkortostan, as well as other subjects of the Russian Federation, will receive an additional source of revenues. Since January 1, 2015 revenues from personal income tax paid by foreign citizens in the form of fixed advance payment for working in Russia on the basis of a patent will be fully transferred to the budgets of the subjects RF. The new regulation is introduced by the Federal Law "On Amendments to Article 50 and 56 of the Budget Code of the Russian Federation".

At present, these revenues are distributed equally between the federal and regional budgets, the press service of the Government RB informs.

As the Ministry of Finance of Bashkortostan explains, currently foreign nationals issued more than 25,000 patents. Amendments to the budget legislation can increase the revenue part of the republican budget for the sum of 600 million rubles in 2015.

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