The government is thinking about the introduction of excise duty on automotive tires – RBC

Production of automobile tires Photo” RIA Novosti »

Tyres can get to the list of goods, which the government is going to impose excise duty. Market participants fear that this could lead to an increase in

price

According to RBC government official, tires can get to the list of goods, which the authorities intend to impose excise duty. “We discussed all three items – palm oil, soft drinks and tires,” – he said,

The Chairman of the Association of Tyre Manufacturers & CEO «NokianTyres Russia” Andrei Pantyukhov told RBC that knows about the possible introduction of excise duties. Tyre – this is discussed in the government. In conditions of economic crisis, when new car sales are reduced, and the purchasing power of citizens falls, the introduction of excise duties will lead to a new rise in prices and further market contraction, he warned, would follow staff reductions and tax revenues in the budget.

Pantyukhov also noted that the car is already excise goods and the introduction of additional excise duty on one of its components is superfluous.

February 5 “Vedomosti” newspaper published an article that decided to expand the list of excisable goods in the government, include the palm oil and soft drinks. Sources of publications claimed that the idea was supported by President Vladimir Putin.

Among the other “harmful products” in the material publications mentioned products with high fat and sugar content on the World Health Organization methodology (WHO), as well as electronic cigarettes.

The idea was supported by the government in the Ministry of agriculture. Speaking at the congress of “United Russia” the head of department Alexander Tkachev said that counterfeit products, including with the use of palm oil destroys the Russian food market.