The number of loss-making enterprises in the Vitebsk region decreased by a quarter in January-March

April 30, Vitebsk / Sergei Kochetov - BELTA /. The number of loss-making enterprises and organizations in the Vitebsk region in January-March decreased by 25% compared to the same period in 2009, the press center of the Vitebsk Regional Tax Inspectorate informed a BELTA correspondent. A reduction in the number of loss-making entities is observed across all categories of legal entities. For instance, among agricultural enterprises and joint-stock companies with state ownership, the number of loss-making ones decreased by 1.3 times, among enterprises with foreign investments - by 10%, and among non-state enterprises - by a third. The number of small businesses among loss-making organizations decreased by 80%. Agricultural production cooperatives, insurance organizations, and foreign legal entities registered in the region operated without losses. Based on the results of the first quarter, 921 economic entities are loss-making. The share of loss-making organizations decreased by almost 2.5 percentage points to 5.7% of the total number of entities registered for tax purposes. In 2010, over 1.7 thousand taxpayers in the region (more than 10% of all legal entities) switched to quarterly (instead of monthly) payment of profit tax. Revenues of the consolidated budget of the Vitebsk region in January-March of the current year amounted to Br795.2 billion, including Br403.5 billion to the republican budget and Br391.7 billion to the local budget. In the revenue structure, excise taxes account for 34.8% of the total revenue, VAT - 18.2%, income tax - 13.1%, and profit tax - 8%. In total, over 455 thousand taxpayers participate in the formation of the revenue part of the consolidated budget of the region, including over 16 thousand legal entities, almost 30 thousand individual entrepreneurs, and about 410 thousand individuals. -0-