Legislative changes will allow Vitebsk residents to reduce tax payments by Br24 billion in 2011.

So, since 2011, the amount of standard tax deductions used in calculating personal income tax has been increased. According to preliminary estimates, as a result of these changes, the amount of citizens' tax liabilities will decrease by Br23.8 billion. In addition, from the current year, income of citizens received from the sale of their own agricultural products is fully exempted from personal income tax. This provision will allow residents of the region who grow and sell agricultural products to additionally keep about Br50 million at their disposal. In total, in January-February, individuals paid more than Br10.3 billion to the budget, which is 6.7% more than the volume of payments for the same period in 2010. March 17, Vitebsk / Sergey Kochetov - BELTA/. Changes in tax legislation since 2011 will allow residents of the Vitebsk region to reduce tax payments by Br24 billion this year, the press center of the Ministry of Taxes and Duties Inspectorate for the Vitebsk region informed a BELTA correspondent. So, since 2011, the amount of standard tax deductions used in calculating personal income tax has been increased. According to preliminary estimates, as a result of these changes, the amount of citizens' tax liabilities will decrease by Br23.8 billion. In addition, from the current year, income of citizens received from the sale of their own agricultural products is fully exempted from personal income tax. This provision will allow residents of the region who grow and sell agricultural products to additionally keep about Br50 million at their disposal. In total, in January-February, individuals paid more than Br10.3 billion to the budget, which is 6.7% more than the volume of payments for the same period in 2010. In total, there are over 413 thousand individuals registered for tax purposes in the region. The majority of them are payers of land tax, land rent, and property tax - this is over 400 thousand people, who paid almost Br60 million. The number of payers who rent out residential and non-residential premises is over 7.5 thousand people, who paid Br262.7 million in two months. Over 1 thousand individuals are payers of a single tax, who paid Br193.5 million. In addition, over 700 citizens are engaged in craft activities, their payments to the budget for two months amounted to Br7 million. -0-