On the implementation of the plan State Budget on tax revenues for January-May 2020
The plan for tax revenues to the state budget for January-may this year was fulfilled by 101.7%, including the Republican budget by 93.8% and the local budget by 117.9%.
During the reporting period, tax revenues to the state budget amounted to 3,311. 8 billion tenge, with a decrease of 9.7% (or 356.4 billion tenge) compared to the same period last year. Including the Republican budget decreased by 24.5% (or 667.2 billion tenge), the local budget increased by 32.7% (or 310.8 billion tenge).
in the context of national taxes, non-fulfillment is observed for value added tax VAT on domestic goods (DG) (by 13.9%), VAT on imports from 3 countries (by 0.9%) and VAT on imports from the EEU countries (by 3.2%).
Revenues from these taxes decreased compared to the same period last year: for VAT on DG (by 17.5%), VAT on imports from 3 countries (by 10.1%), CPN (3.3%) and DG on imports from the Eurasian Economic Union EEU countries (by 2.5%).
The reason for the decline is the deterioration of the economic situation due to external and internal factors.
Since the beginning of the year, there has been a decrease in prices for major export items, including oil by 2.1 times, aluminum by 17.7%, lead by 15.2%, copper by 14.1%, zinc by 12.9%, silver by 5.4%.
Trade with third countries in January-may 2020 decreased by 5.8%(exports by 3.9%, imports by 10.6%). In particular, the largest decrease in trade turnover by 22.8% occurred in may this year (exports by 21.0%, imports by 26.1%).
Sales turnover in the Republic decreased by 5.6% (from 34.6 trillion tenge to 32.7 trillion tenge), including a 23.7% decrease for 300 major taxpayers.
The average revenue of online cash register machine (CRM) per taxpayer for the specified period decreased by 39.8% (from 23.0 million tenge to 13.8 million tenge).
The spread of coronavirus caused a decrease in the number of vehicles from the PRC by 17.2%, including vehicles by 55.8%. The physical volume of imports for January-may this year decreased by 16%(from 760 thousand tons to 543 thousand tons) and continues to decline. So, in may this year, the decrease was 44.3%.
As a result, receipts of customs duties and taxes from imports of goods from China decreased by 30.3% or 10.6 billion tenge.
The plan for tax revenues to the local budget for January-may this year was fulfilled by 117.9%, with an over-fulfillment of 191 billio rubles.tenge.
Tax revenues in small business amounted to 1,260. 2 billion tenge, with an increase of 32.7%(or 310.8 billion tenge) compared to the same period last year.
In the context of local taxes, over-fulfillment is observed for corporate income tax (by 40.5%), IPN on (by 24.4%) and social tax (by 15.7%).
The transfer of corporate income tax to local budgets and an 18.9% increase in the average monthly salary in the 1st quarter of 2020 affected the over-fulfillment of the small business plan.