The Ministry of Finance has announced the preliminary results of the state budget revenues for the 1st half of 2021.
In January-June, state budget revenues increased by 28.7% compared to the corresponding period of 2020.
State budget revenues in the first half of 2021 amounted to 74.9 trillion soums or 16.7 trillion soums (+28.7%) more the same period last year.
Revenues administered by the tax authorities, in the reporting period amounted to 61.4 trillion soums, having increased by 15.5 trillion soums (33.8%). In particular, receipts from the Inspectorate for Work with Large Taxpayers amounted to 40.6 trillion soums. Growth in comparison with the previous year - 10.5 trillion soums. (35%).
Income tax receipts in the first half of 2021 amounted to 18.6 trillion soums. Growth - by 6.8 trillion soums. compared with the same period last year.
Economic recovery, administration, taxation and legislation has led to an increase in revenues. It was also positively affected by the reduction of the tax rate for subsoil use for gold and silver from 20% to 15%, which led to an increase in the profit tax base, and an increase in the price of gold by an average of 9.8% over the same period last year.