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12 October '18

The volume of taxes from the tourism sector of Crimea increased by 26%, to 1.17 billion rubles

The volume of taxes from the tourism sector of Crimea increased by 26%, to 1.17 billion rubles

The income share from the tourism industry in the total amount of taxes in Crimea was 6%. The Minister of resorts and tourism of the Republic of Crimea Vadim Volchenko reported the growth by 26.6% of tax revenues from tourism to the budget of Crimea for 6 months of 2018.

"According to the Office of the Federal Tax Service for the Republic of Crimea for the first half of 2018, direct tax revenues from the tourism industry amounted to 1,170.78 million rubles, which is by 26.6% more than the amount of tax revenues received for January-June 2017," the Minister said, summing up the preliminary results of the holiday season.

Direct income from the tourism industry in the total amount of taxes amounted to 6% (for the same period in 2017, the share was 3.3%). Taking into account the current dynamics of tax revenues from the tourism industry for 6 months of 2018, it is expected that direct income in the total amount of tax revenues for 9 months of 2018 will be 8%.

By the 1st of October from the beginning of the year in Crimea 6.14 million tourists have rested, that is by 29% more than the same period last year. To date Crimea has reached the record levels for the entire post-Soviet period by the number of tourists, when there was marked by a maximum of 6.1 million people in 2012. About 1 million people (or 16% of the total tourist flow) arrived in Crimea across the border with Ukraine - it is by 17% more than in the whole of last 2017.

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