Donetsk, Jan 13 - DAN. Donetsk People’s Republic budget revenue from businesses increased by 21.8 percent in 2021 year-on-year, the DPR Tax and Revenues Ministry said in a preliminary report received by the Donetsk News Agency.

The Ministry expects to meet the overall revenue target at 104.7 percent. Following is the contribution by major revenue sources (% of target): income tax - 104.1, profit tax - 105.5 %, turnover tax - 103.5 percent, excise tax on manufactured excised products - 105.1 percent including petroleum products (102.4 percent), simplified tax - 101.5 percent and land tax - 102.6 percent. A larger number of taxpayers contributed to the budget revenue increase.

Insurance payments from businesses in 2021 are expected to meet the target at 129.7 percent, a 31 percent increase year-on-year, the Ministry said. 

In 2022, the Tax and Revenues Ministry will work towards creating a friendly business environment, full budget revenue collection, protecting domestic producers and bolstering economic activity by improving the quality and effectiveness of tax administration. *jk