Consumer sector in Kuban generates highest tax income among regions
In the Krasnodar region, the consumer sector outpaced all other industries in contributing to the regional budget from January to April 2025. Over those four months, consumer sector enterprises paid a total of 34.1 billion rubles in taxes - a remarkable 21.2% increase compared to the same period in the previous year.
According to data from the regional department, this sector accounted for 17.7% of the region's total tax revenues, placing it at the top among all economic sectors. Breaking down the figures, it was found that the following taxes made the most substantial contributions:
- Unified tax under the simplified tax system (UTS) - 10.5 billion rubles
- Personal income tax (PIT) - 10 billion rubles
- Profit tax - 7.7 billion rubles
- Excise taxes on alcoholic products - 4 billion rubles
Roman Kurinnoy, head of the consumer sector department, emphasized the sector's pivotal role in the region's economic development. By creating employment opportunities, stimulating demand, and supporting state programs through tax revenues, these industries play a significant part in the region's progress.
Other indicators also displayed positive trends. The average salary of employees in large and medium-sized enterprises within the consumer sector rose by 10.7%, reaching 62.5 thousand rubles on average.
Lastly, it should be noted that, earlier this year, business lending in the region allegedly decreased by 20%. Approximately 80% of these loans went to the trade sector.
Considering the strong growth in key economic sectors, increasing prices, and the recovery of the tourism and hospitality industry, it can be suggested that the consumer sector's robust tax revenue contribution may be a byproduct of these broader economic trends.
Reference(s):
- TASS
- RIA Novosti
- Interestingly
- Deloitte
- Macroeconomic Research
The consumer sector's substantial tax revenue contribution in the Krasnodar region can be attributed to the growth in key industries, increasing prices, and the recovery of the tourism and hospitality industry, effectively serving as a byproduct of these broader economic trends. The robust tax revenues generated by this sector also support the state programs and stimulate the demand in the business environment, as emphasized by Roman Kurinnoy, head of the consumer sector department.
However, business lending in the region allegedly decreased by 20%, with around 80% of these loans directed towards the trade sector, which could potentially impact the growth trajectory of these industries.
