22.Apr .2021 14:30

Companies paid profit tax of 430 mln GEL in Q1 2021

Companies paid profit tax of 430 mln GEL in Q1 2021
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The budget performance report of Q1 2021 was published. According to the document, the state budget received 430 million GEL from the profit tax in January-March, which is 94.5% of Q1 plan.

The volume of profit tax paid by the banking sector amounted to 33 million GEL.

The budget received 779.5 million GEL from the income tax in Q1, 2021, which is 98% of Q1 plan. Revenues from VAT have made up 976.4 million GEL, which is 98% of Q1 plan. The state budget received revenue of 306.7 million GEL from excise tax, which is 137% of Q1 plan.

In total, 2.66 billion GEL has been collected in the budget from taxes, which is 100.3% of the plan.

The 2021 budget is planned with a 4.3% economic growth.