Friday, February 5, 2016

The Ministry of Agriculture and Ministry of Economic Development were in favor of the introduction of excise duties on palm oil – BBC Russian

Ministry of Agriculture and the Ministry of economy of Russia approved the introduction of excise duties on palm oil, said the head of the relevant departments.

The Minister of Agriculture Alexander Tkachev at the congress of “United Russia” party also proposed enter the excise tax on soda

According to economy Minister Alexei Ulyukayev, the need for the introduction of excise duty on palm oil -. “obvious thing”. With other “harmful products” the situation is more complicated.

The introduction of excise tax will bring additional revenue to the budget, but specific figures Ulyukayev did not name. He also did not comment on whether the increase in the tax burden will affect the business.

Previously, the newspaper “Vedomosti” reported that the government to increase budget revenues is going to expand the list of excisable goods. Ministry were instructed to work out this issue at a meeting with Prime Minister Dmitry Medvedev, which took place on January 18. According to the newspaper, this idea is supported by President Vladimir Putin.

In addition to palm oil and soda at the meeting discussed the possibility of the introduction of the excise tax on chips, electronic cigarettes, sugar and other products that are considered harmful.

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