Small and medium-sized businesses accounted for over 25% of the Vitebsk region's budget in the first half of the year

In the first half of the year, this category of taxpayers in the region replenished the budget by Br249.1 million, which is Br39.1 million more than in the same period of 2021. At the same time, the share of the entrepreneurial sector in the formation of the revenue part of the regional treasury increased by almost 4 percentage points compared to the same indicator for January-June of last year.

The largest contribution to the formation of local budget revenues is made by the private sector of the Vitebsk district, whose share in the district's receipts was 62.6%, as well as Dubrovensky (59.6%), Postavsky (42.4%), Verkhnedvinsky (40%), Chashniksky (39.7%), Beshenkovichsky (38.7%), and Tolochinsky (38.4%) districts. In seven other districts, entrepreneurial structures provided from a quarter to a third of all local treasury revenues. In seven rural districts, as well as in Vitebsk and Novopolotsk, the share of small and medium-sized businesses is below the regional average indicator.

As of July 1, more than 31.2 thousand small and medium-sized businesses were registered in the Vitebsk region, including over 7.4 thousand legal entities and about 23.8 thousand individual entrepreneurs.

In total, from January to June, Br968.6 million in revenues controlled by the tax authority were received into the consolidated budget of the Vitebsk region, which is 1.6% more in current prices than in the same period of 2021.

The most significant role in replenishing the regional treasury revenues is played by VAT, the volume of receipts of which increased almost 3 times - to Br435 million (share of almost 45%), income tax (volume of receipts Br369.3 million, share in revenues 38.1%). Among the significant revenue sources are also property taxes (Br78.9 million, or 8.1% of the revenue volume), profit tax (Br73.5 million, 7.6%), simplified taxation system tax (Br33.8 million, 3.5%).