Written Explanation
about the Istaravshan city budget project
2020 – 2022.
The budget of the city of Istaravshan for 2020-2022 has been prepared in accordance with the requirements of the Ministry of Finance of the Republic of Tajikistan and taking into account the city’s economic and social development plans for the period.
According to the draft Tax Code requirements of the Republic of Tajikistan, the total income plan for the year 2020 is 119.0% more than the general plan for 2019.
It is worth noting that the increase in the budget for 2020 is due to an increase in industrial output, which in the first 11 months of 2018 amounted to 366.5 million. Somoni for the eleven months of the current year to 443.4 million Somoni. This is a 121.0% increase, and the real regional production for the first 11 months of 2018 amounted to 1.5 billion Somoni, which is $ 1.7 billion over the 11 months of 2019. are delivered.
The plan for VAT import for 2020 has been developed taking into account production and financial plans of industrial enterprises, individual entrepreneurs with total income of more than 500 thousand somoni.
Draft plan for 2020 on the value-added tax rate is set at the level of the actual tax revenues in the amount of 42898000 Somoni, which is 145.1% more than the plan for the current year and 112.8% more than the planned tax rate. .
According to the analysis of the economic and trade department of the executive body of the city, by 2020 the volume of production of the main enterprises of the city will increase by 15% against the current year.
In this regard, the Executive Body of the city, taking into account the existing opportunities for additional additional taxes (taxation of special tax regimes, other obligatory local payments, etc.), the draft city budget on revenues (excluding social tax) for the year. 2020 offers a total of 175,000,000,000 Somoni for consideration, an increase of 119.0% over the budget revenue plan for 2019.
Draft income tax plan for individuals has been prepared according to the city statistical department’s salary fund and the number of actually employed workers. The plan of this type of tax was equal to 26991,0 thousand somoni. Also the increase in salaries of budgetary organizations and establishments will be implemented in accordance with instructions of the Founder of Peace and National Unity – Leader of the Nation, President of the Republic of Tajikistan Emomali Rahmon, stated in his next message from September 2020.
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