OREANDA-NEWS. July 29, 2009. The budgets of the constituent entities of the North-West region, including local budgets, received RUR 317.3 million or 18% of the Company's payments.

Based on the IDGC of North-West's financial and economic performance, the Company calculated and paid RUR 1,753.2 million of taxes and other obligatory payments to the budgets of all levels.

The federal budget received RUR 1,435.9 million, including RUR 311.3 million - the personal income tax. In compliance with article 56 of the Budgetary Code, 70% of incomes of the federal budget from payment of personal income tax are subject to transfer to the budgets of the constituent entities of the Russian Federation.

The budgets of the constituent entities of the North-West region, including local budgets (as property tax, regional component of tax profit, transport, land taxes and other deductions) received RUR 317.3 million or 18% of the Company's payments, including:
The Arkhangelsk region - RUR 37.9 million
The Vologda region - RUR 61.2 million
The Murmansk region - RUR 37.4 million
The Novgorod region - RUR 36.2 million
The Republic of Karelia - RUR 32.7 million
The Republic of Komi - RUR 74.9 million
The Pskov area - RUR 37.0 million

The profit tax has a material influence on the amount of taxes and tax collections of the constituent entities' budgets. It equaled 15% of all tax payments. The Company's obligations on payment of the profit tax in 2009 considerably decreased in comparison with the past years owing to a reduction in profitability as a result of falling consumption and insufficient growth of tariffs, as well as non-payments of regional consumers.