Vitebsk region tax authorities collected Br125 billion from debtors in January-February.

Tax authorities of the Vitebsk region collected Br124.9 billion from debtors in January-February, the press center of the Ministry of Taxes and Duties Inspectorate for the Vitebsk region informed BELTA.

Elimination of arrears of business entities in tax payments remains one of the main tasks facing the tax service. In January-February of this year, tax inspectorates of the Vitebsk region, as a result of a set of measures, forcibly collected Br124.9 billion into the budget, which is 6.8% of the total budget revenue for January of the current year.

Among the measures taken, Br2.1 billion was written off from the current and foreign currency accounts of debtors. Br119.3 billion was collected into the budget by writing off accounts receivable from debtor entities, Br0.7 billion of debt was repaid by seizing cash from debtors, and Br0.14 billion was received from the sale of seized property. Through mutual offset of debts of business entities and the local budget, the debt on payments to the budget was reduced by Br2.7 billion.

As of March 1, 2013, the total debt of taxpayers in the region to the budget amounted to Br21.9 billion, with the largest amount of debt (95.9%) still being owed by legal entities of various forms of ownership. The debts of individuals - payers of property taxes amount to Br0.05 billion.